My charts (and yours too........)

[babukraman]

Nifty
How do you want look at it? Cheers! Babu Kothandaraman

and the Weekly

 

[dhootankur]

Absolutely Sir, dhootankur is right....Actually there I came because of WOLFE WAVE only that's y wolfe

 

[Romeo and Elliott]

As i understand it, Continuation patterns are one where price moves in a certain direction, then continues in the same direction, as opposed to 'Reversal' patterns where there should be a change of general trend [breach of the neckline to one side then breach again to the other side]

Since HnS is meant to be a reversal pattern, wouldnt it be taken from the time the stock made a new high, or entered the 'neck' to the upside ?

pls correct if im wrong

Thanks

 

[babukraman]

As i understand it, Continuation patterns are one where price moves in a certain direction, then continues in the same direction, as opposed to 'Reversal' patterns where there should be a change of general trend [breach of the neckline to one side then breach again to the other side]

Since HnS is meant to be a reversal pattern, wouldnt it be taken from the time the stock made a new high, or entered the 'neck' to the upside ?

pls correct if im wrong

Thanks

Hi RnE,
I've stretched back the time a little longer now.

 

[babukraman]

IVRCL monthly

 

[Romeo and Elliott]

Thanks, i'd be concerned about an upmove too, on a weekly this looks a lot like a first impulse and a corrective second. but the bias is generally downwards for now i think.

Re the HnS for immideate targets i would think, on a weekly we would need to start working up from the previous major pivot, ie around 2009 early. Once the weekly plays out, we could think of monthlys.

Lets see how NIFTY plays out.

 

[bloodmoney]

HnS pattern in Videocon Ind

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[bloodmoney]

Triple top in Bhushan steel. Infact I traded this on friday for nice gains.

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[babukraman]

Triple top in Bhushan steel. Infact I traded this on friday for nice gains.

Can this one become an ascending bullish triangle b/o in the near future?
Cheers!
Babu Kothandaraman

 

[calmeshenoy]

sir,abt 3iinfo,ispat,sesagoa,skumarnation,