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

[calmeshenoy]

pls tel me abt HUL which gave gud return after 315 crossover, n abt jpassociate,bhel according to charts

 

[preethi21]

@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

I am not using any s/w ,, i will search to get it,, Vijay may be having some s/w,,

 

[veluri1967]

..............................

 

[preethi21]

Another Wolf wave on Rural elect corp // i will surely bet 1000 rs on this if tomorrow i get it near 285 level

Uploaded with ImageShack.us

 

[Romeo and Elliott]

I am not using any s/w ,, i will search to get it,, Vijay may be having some s/w,,

I'll try to make one, i've got my own swing-detection algorithm [Credit to a friend of mine too, her computer and brain, both are much faster than mine.] Am sure its easily programmable with swing size etc requirements fed in. Looks like an interesting concept @ wolf wave, will try to read on the Elliott basis also, if any.

Interestingly RECLTD is also what i call a 3-3 setup. Price confined in three tops and three bottoms. Often takes the form of a 3-4-3 setup.

Last body is an Equishadow(emperically coined) where the shadow ratios are less than 1.7 [longer / shorter shadow] tho slightly longer than what would comfort, it doesnt look bad.

x ------------------ x
For anyone whos interested.
http://www.wolfewave.com/indexnojava.htm
http://www.wolfewave.com/
http://www.wolfcharts.com/
http://www.wolfcharts.com/manual.asp <----------- Nice
http://www.investopedia.com/terms/w/wolfewave.asp

 

[Gdraj]

Hi..

The Daily chart of CIPLA shows Evening Star pattern.. Will Candlestick patterns fail..? Because, in the same chart we have a failed Eve star pattern.. Is it a valid pattern or Is there any mistake in my observation..?

I'm asking this cos, I'm new to Candlesticks and this is my first Chart here in TJ..

Thank You.

 

[anayash]

Hi..

The Daily chart of CIPLA shows Evening Star pattern.. Will Candlestick patterns fail..? Because, in the same chart we have a failed Eve star pattern.. Is it a valid pattern or Is there any mistake in my observation..?

I'm asking this cos, I'm new to Candlesticks and this is my first Chart here in TJ..

Thank You.

well...one cannot take decisions solely on the basis of candlestick patterns!

the first one encircled by you is not really an evening star as the real body is a li'l longer than one required for evng star! Moreover, you can see the stock has taken support at the trend line after a couple of bars!

The second one looks more significant as an evening star & the current bar is near the trend line support! the next candle wud b important! If it breaks the trend line, then coupled with the evng star pattern...we can expect some down side!!:thumb:

Cheers!

Anayash

 

[VJAY]

I am not using any s/w ,, i will search to get it,, Vijay may be having some s/w,,

Another Wolf wave on Rural elect corp // i will surely bet 1000 rs on this if tomorrow i get it near 285 level

Uploaded with ImageShack.us

Dear Preethi,
Thanks for the RECL chart....no am not using any software to find WW...just searching manualy.....by eyes

 

[babukraman]

Hi..

The Daily chart of CIPLA shows Evening Star pattern.. Will Candlestick patterns fail..? Because, in the same chart we have a failed Eve star pattern.. Is it a valid pattern or Is there any mistake in my observation..?

I'm asking this cos, I'm new to Candlesticks and this is my first Chart here in TJ..

Thank You.

Congrats on your first post and my best wishes for you to post many more!
The candlestick patterns need to be looked into how it/they fit in the broader picture instead of in an isolation.
For eg., Evening star is a bearish pattern; it's more credible if formed near a previous Resistance level (may be a previous swing High, EMAs like 200 or 100, etc.,) may confirm the validity of the pattern. Volume is also important.
Coming back to your chart, the recent pattern seems to form at the resistance level of previous swing High. If you look at the broader picture, it also looks like a bullish ascending triangle. So, it's a watch and wait for either move - up or down.
Just my 2 cents
Cheers!
Babu Kothandaraman

 

[kaly422000]

congrats for woolfe wave for prithi and others dredging corp burst