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

[anayash]

What is it with Sesagoa ?

SesaGoa is behaving very strangely...i was expecting it to break 310 during the last retracement as everything was looking bearish....but it bounced off from middle & went up! :annoyed:

 

[kaly422000]

http://img17.imageshack.us/i/ttl2.png/ is it cup and handle?
any way this scrip is trading nearly all time high

 

[jagankris]

SesaGoa is behaving very strangely...i was expecting it to break 310 during the last retracement as everything was looking bearish....but it bounced off from middle & went up! :annoyed:

I heard that it is One of the counters very hard to make money Trading with.

 

[babukraman]

This is a followup of TATA ELXSI, previously reviewed on the 1st Oct
Previous view

TataElxsi
A nice case study multiple patterns within the same chart.
Oct 1st Close @ 261.05
Weekly: It’s a clear HnS since the Apr ’09 up trend. The volume of up bars of left shoulder higher than the Vol of up bars of the head; and the right shoulder’s vol is still diminishing. That too, with a bearishly slanting neckline. Wow! A text book pattern. But wait! The RS meeting the neckline about 5 weeks back was a reversal hammer pattern with only marginal volume. So, HnS break out is not so strong
Let’s take the other view (of mine). The latest weekly bar is perfect bullish up bar formed exactly at the 240 level which is the neckline support of the RS about 5 weeks back. For a possible reversal, the weekly STOC has broken the down trend line and RSI b/o still to go. Oh! One more thing! If you view the MACD histogram, it’s showing a positive divergence. So, is it going to be a bearish HnS breakout or a bullish up bar reversal?
Cheers!
Babu Kothandaraman

Current view
Well! The answer is Bullish reversal! During that reversal, can you spot the spot of SFFP? Just a teaser!
It was noted that a hammer @ S of the neckline, followed by a bullish up bar reversal pattern along with the downtrend line b/o of the STOC. Then it went on to b/o RSI downtrend line and a bullish reversal made. Is it coincidence that I'd reviewed this on the 1st Oct, exactly at the reversal confirmation point?

 

[Romeo and Elliott]

SesaGoa is behaving very strangely...i was expecting it to break 310 during the last retracement as everything was looking bearish....but it bounced off from middle & went up! :annoyed:

I heard that it is One of the counters very hard to make money Trading with.

[Not resized due scale]

Sesagoa chronicles

Full Cast and crew :
BBR - Bad Boy Resistence
1-5 Blue - Impulse on the upside
1-5 Red - Sub-wave of something, but what ?
was P1 the end of 5 waves ? but that would matter only if Blue 1-5 is no the 5th of 5th...
Was P1-P2 a first impulse ? [but it didnt break past P0, so technically not yet]

To know more, watch Sesagoa... now running at a stock exchange near you.

 

[babukraman]

[Not resized due scale]

Sesagoa chronicles

Full Cast and crew :
BBR - Bad Boy Resistence
1-5 Blue - Impulse on the upside
1-5 Red - Sub-wave of something, but what ?
was P1 the end of 5 waves ? but that would matter only if Blue 1-5 is no the 5th of 5th...
Was P1-P2 a first impulse ? [but it didnt break past P0, so technically not yet]

To know more, watch Sesagoa... now running at a stock exchange near you.

RnE,
Nice sense of humour! :clap:
You missed the budget & Box office collection though!

 

[anayash]

I heard that it is One of the counters very hard to make money Trading with.

yep...u can say dat...its difficult to predict its movement!

 

[Romeo and Elliott]

** Last candles intraday **

Just something interesting, closer view - BGRENERGY.

I call it a "Broadband", breakouts make very powerful moves. I missed this short
Something like Fortis, only with weaker supports under it.

 

[Romeo and Elliott]

RnE,
Nice sense of humour! :clap:
You missed the budget & Box office collection though!

Yeah its the Christmas spirit :lol:

 

[babukraman]

Hi all,
Sorry for making a mess of a chart! Just wanted to bring everything on one chart. Hope it's clear!
Regarding the EMAs
10 EMA is below 20 and 48 EMA
20X48 EMA from above (about three sessions back)
Price closing below the 100EMA the very next session confirmed bearishness.
Price closed below 100 EMA for 2 out of 3 sessions.
200 EMA @ 1247 might be the next S (as of writing this, the price has come as close as 1252)
Then, the most important aspect of the trend line. The neckline cum 100 EMA b/d on the 16th.
Formation of LH, LL

All these conditions spell bearishness for ONGC. There are a few more comments on the chart itself!

Cheers!
Babu Kothandaraman