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

[preethi21]

Vjay thanks alot,, lets see how it moves

 

[preethi21]

vjay what will be the target of nifty?

 

[Pralhad]

Yesterday I noticed breakout of Sym. Triangle of HDFC Bank-I 60 Min TF, but didn't take any trade, I missed 12~13k buck trade with good RR ratio, now regretting

Here is Chart of HDFC Bank-I 60 Min TF.

Now Bank Nifty-I 60 Min TF also Forming Ascending Triangle. If it breakout with good Volume then it is also around 12k buck trade. Lets see how things unfold.

Here is Chart of Bank Nifty-I 60 Min TF.

SBIN-I also forming Sys. Triangle

 

[Pralhad]

@VJAY & Preethi

Can you please guide me where to learn Wolf Wave and if possible please upload that excel file where we can check symmetry of that pattern.

Thanks and Regards,

-Pralhad

 

[Pralhad]

Dear Babu and Other Member

Can you please tell me, how to trade upward break-out of Descending Channel.

Here is Bank Nifty Daily Chart.

Regards,
-Pralhad

 

[kaly422000]

http://img218.imageshack.us/i/tataelax.png/ is it a cup and handle for tataelaxi

 

[babukraman]

Yesterday I noticed breakout of Sym. Triangle of HDFC Bank-I 60 Min TF, but didn't take any trade, I missed 12~13k buck trade with good RR ratio, now regretting

Here is Chart of HDFC Bank-I 60 Min TF.

Pralhad,
A nice chart and a nice find also. At this time, may I request all the members who are participating in this thread to post their finds here, irrespective of whether one initiates the trade or not. This will definitely help the others as one cannot follow all the counters. Your charts and views will definitely help the others. And another reason is that it will be educative as well (as it's the case here with the calculation of target. Kudos Pralhad :thumb
Let me add a SFFP (Success From Failure Pattern) view on your HDFC Bank chart. If you notice your SL level, that particular down move is supposed to come and test the Support level at the Bottom line of Symmetrical triangle pattern. But it reversed halfway through that down move without touching the Support level (The pattern has failed). If one is able to detect the failure of pattern as this one, and enters the trade on the reversal point, it's supposed to be a big success (Like a profitable "Long" entry noted by Pralhad).

Now Bank Nifty-I 60 Min TF also Forming Ascending Triangle. If it breakout with good Volume then it is also around 12k buck trade. Lets see how things unfold.

Here is Chart of Bank Nifty-I 60 Min TF.

:clap:

SBIN-I also forming Sys. Triangle

Pralhad,
In my opinion, symmetrical triangle may go either side.
Cheers!
Babu Kothandaraman

 

[Romeo and Elliott]

Hi VJAY,

I dont follow half hourlys, but heres the daily.

The present high seems at the level of the prev major high, but the apparent "CAUSE" of resistence at the previous high seems to have been the 50 Simple DMA, and that has already been crossed. But thats just a POV.

What do you think ?

 

[Romeo and Elliott]

Pralhad,

Wonderful charts at post above (hourlys)

http://www.traderji.com/technical-analysis/45193-my-charts-yours-too-73.html#post507259

Excellent, felt a karmic connection with those chrts, lovely resolution, detection, presentation etc. :thumb:

 

[dhootankur]

Nice charts prahlad bro!!! Really loved them 2 much. Expecting more such from you to increase knowledge and awareness of current situation.