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

[babukraman]

Today Oswalchem made a new high at 35.40. bought at 23 and sold at 35.00
Thanks mr Dhootankur & Babukraman

pshirurkar,
Babukraman did nothing about this scrip. Credit goes to Dhootankur!
Cheers!
Babu Kothandaraman

 

[dhootankur]

Woaaaaa!!!! Stock has give more then 50% return in merely 10 days....I haven't even expected sudden jerk...but it was because of OSWAL's promoter itself buying in this share...so this volume is coming and stock behaving more then expectation.

 

[dhootankur]

pshirurkar,
Babukraman did nothing about this scrip. Credit goes to Dhootankur!
Cheers!
Babu Kothandaraman

You have done the most important things sir ji...opened this thread...all credit goes to you.... :clap: :thumb:

 

[babukraman]

20101224 Nifty
Merry X'mas and Happy New Year!

 

[kaly422000]

http://img227.imageshack.us/i/rcom3.png/ this is also chrismas to dhootankur who point out rcom and may be a study of this harmonic pattern.
RCOM daily

 

[columbus]

20101224 Nifty
Merry X'mas and Happy New Year!

Longterm----->Crocodile
Intraday------>Penguin

 

[veluri1967]

Followup...... Then.....

And now.......

ITC

Dear Babukraman,

ITC formed double bottom on daily charts. It has been whithering test of supplies. It refuses to go down further. To be seen if the supply vanishes completely or not in the face of ITC resistance to go down.

Cheers.

 

[prst]

but MACD seems to be little bearish..
what do u think...

are you using Fast stochs or slow?

 

[dhootankur]

RCOM...showing some divergences in MACD, RSI & STOC...I am not saying this can be good buying oppurtonity but I am sure many of peoples must have got trapped in RCOM at higher levels. If we calculate Risk : Reward there is more risky but if one can take slight risk then let this stock cross 132 which was support for this stock earlier twice and from where it has taken good support and bounce, now is acting Resistance(This is quite good example for people searching for Support turned Resistance's example). 120 should be the SL as of new low.

Will appreciate ur view...

As expected above 132 :clap:

HAPPY CHRISTMAS TO ALL OF YOU....CHEERS WITH RCOM :clapping:

 

[4xpipcounter]

Prst, this is my 1st time on this thread, so I hope you don't mind my input.
The nature of MACD is that it is a lagging indicator. Oscillators such as stochastics, MACD and Williams are all lagging. They follow price action. The stochastics is part of my trading repertoire. I use it as a warning as to what is about to happen. In this case, and after reading many of the posts I'm sure the starter of this thread would agree with me that that the stochastics and the MACD are used as a confluence with other indicators.
I only trade forex, but I have a very in depth knowledge of trendlines. Just based on my knowledge of trendlines along, I can tell you if 168 is broken, it will be a long bullish candle, a continuation upward, and then a pullback near the trendline. After that pullback would mark the optimal time to enter long in this market.
Price is currently in a congestive area. What this setup is also telling me is that if the trendline is not broken, price could challenge the TL, and then there could also be a strong break to the downside.
To sum it up, traders of this market could be in for an exciting ride going either way.

but MACD seems to be little bearish..
what do u think...

are you using Fast stochs or slow?