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

[biggles]

hey B,

whats SFFP?

thanks

 

[babukraman]

Success From Failure Pattern is SFFP. It's like a HnS pattern where as the RS fails to reach the neck line but reverses at the halfway mark will probably result in an up side rally; or like a channel trading range - after repeated touching and bouncing from R and S of the trading range, suppose if the price fails to touch the line and reverses, then it's a potential reversal.
Hope this helps!
Babu Kothandaraman

 

[biggles]

thanks for the explanation.


reg

 

[Romeo and Elliott]

ONMOBILE : with possible wave counts, a good pickup price seems to be around 360 which would also be the 61.8% retracement and has been a strong support/resistence in the past.

 

[Romeo and Elliott]

Is YESBANK a buy ?

In favour :
1. Bullish Candlestick formation on the last two days [white body within the body of the lowest red body]...additionally second body did not even touch the low of the red body despite a falling NIFTY. Second day had slightly higher volume.

2. Above happend on two supports :
a. Strong supporting trendline which has been providing support for a very long time, same was breached about a week or so back, and price seems to have come back to it to test.
b. A top was also made on this level

3. Weekly chart seems to be bullish.

Against :
Price is wayyy up high.. but i read somewhere "Dont be afraid if price is making new highs"

Any opinions ?

Thanks

 

[Romeo and Elliott]

Watch for bullish signs.

140 seems to be a strong resistance [Top and falling window].. however watch for bullish signs on this stock.. it could go either ways tho. My guess is a 261% projection is reachable, the question however is re-entry point... but all said and done, its not going anywhere witout breaching 140.

Keep an eye, be careful on shorts tho. There was a price recoil on last traded day at a strong support.

 

[calmeshenoy]

sir pls tel me abt BGR ENERGY according to charts

 

[babukraman]

Still trying to work my way around to paste the images.
BGR energy Close @ 782.90
RSI crossing 50 line from above; Up trend line broken today; with high volume. Price hovering around the 780-ish level which had previously been R on 22nd June and in Aug first week and since then it has turned into a S for about 6 different days.
Cheers!
Thanks for your patience!
Regards,
Turtleboy
Let me atleast post the url here.

Calemeshenoy,
This was my views on the 21st Sep., posted on another forum.
The follow up is as below. Thanks!
Babu Kothandaraman

 

[Romeo and Elliott]

Thanks, babu, i think i was too busy looking at this support line to see bearishness in BGR.

Whats your view on Yesbank ?

Thanks.

 

[babukraman]

Yes RnE,
Nice chart and explanations! The bounce up from up trend line is an opportunity of "buy on decline"

Is YESBANK a buy ?

In favour :
1. Bullish Candlestick formation on the last two days [white body within the body of the lowest red body]...additionally second body did not even touch the low of the red body despite a falling NIFTY. Second day had slightly higher volume.

2. Above happend on two supports :
a. Strong supporting trendline which has been providing support for a very long time, same was breached about a week or so back, and price seems to have come back to it to test.
b. A top was also made on this level

3. Weekly chart seems to be bullish.

Against :
Price is wayyy up high.. but i read somewhere "Dont be afraid if price is making new highs"

Any opinions ?

Thanks