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

[Pralhad]

Fortis Healthcare Ltd Daily

Wolf Wave + Descending Triangle

Wolf Wave
Once again I am not sure about wolf wave, but if it is valid WW then buy target is around 164.

Descending Triangle
It is also forming Descending Triangle, so chances are more towards downside break down, but if Descending Triangle break out upside around 149 lvl then its target is around 162 lvl according to Triangle Range.

Thanks and Regards,
-Pralhad

 

[MurAtt]

Fortis would be a buy abv approx 152-ish for tgt of 164-ish.
This is calculated on the basis of a dbl bottom formation .. break of 152 would confirm the dbl./triple bottom breakout.

Also it has not formed WW
BUT
has some minor positive divergence both on daily and weekly spot charts.

Equity/Cash buy above 152 with SL of 142 for tgt 164 which works out to 1:1 RR.

 

[preethi21]

Prahlad thank you so much,,
Your rsi oversold good for buy, Stochatics over sold good for buy,,

CCI 20 period looks not over sold but i can see Woodies pattern looks vegas trade on this looks good for buy

its a wolf wave surely,, wolf wave at the end of 5th elliotwave ,, more probability to hit the target
if we count the elliotwaves ,, then 1,2 and 3rd the biggest (good sign) , 4th and 5th correction leads to wolfe wave amazing,

trade management fortis health care
buy near @143(with brokerage 144) strict sl 140 target 160
no of shares 250 Betting 1000 rs

Risk : reward looks amazing Near 4

(global market is so weak ,, it it supports then surely this will hit target

 

[dhootankur]

Fortis Healthcare Ltd Daily

Wolf Wave + Descending Triangle

Wolf Wave
Once again I am not sure about wolf wave, but if it is valid WW then buy target is around 164.

Descending Triangle
It is also forming Descending Triangle, so chances are more towards downside break down, but if Descending Triangle break out upside around 149 lvl then its target is around 162 lvl according to Triangle Range.

Thanks and Regards,
-Pralhad

It may hit the tgt but its not a WW. Pt 3 should be lower then pt 1

 

[preethi21]

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[babukraman]

Now, this thread seems to be in good (better than my) hands; a nice, auto-pilot system. I thank all the contributors here. Hope those who want to learn something about TA might find it useful.

OMG!
The viewership is 21,000 +.
My since thanks to everyone who has made this happen.
Cheers!
Babu Kothandaraman

 

[babukraman]

Fortis would be a buy abv approx 152-ish for tgt of 164-ish.
This is calculated on the basis of a dbl bottom formation .. break of 152 would confirm the dbl./triple bottom breakout.

Also it has not formed WW
BUT
has some minor positive divergence both on daily and weekly spot charts.

Equity/Cash buy above 152 with SL of 142 for tgt 164 which works out to 1:1 RR.

 

[prst]

Hi Friends,

I have a query regarding time frame on the candlestick charts.
am using google finance. I was checking charts for great offshore.

when I checked the 30 minute chart , it gave a negative macd breakout.
but when i checked the daily charts, it is giving a positive MACD signal to hold.
hence it is contradictory whether to sell or hold.

what do u suggest for a swing trade of a week or so.
should I look primarily at the 30 minute charts or the daily ?

thanks..
prashanth

 

[submahtj]

Dont agree with you on Jindalstel. The black candle on the 31st December is not supported by high volumes. Besides, the metals are going up at a high pace nowadays.

 

[babukraman]

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Preethi ji,
My view on Jindal Steel