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

[babukraman]

W r to Romeo n Elliott's Yes bank chart,
I would like to present my views on Axis bank posted on Aug 12, 2010 on another forum. I know that the past performance doesn't guarantee future results. But, this may of academic interest for "Buy on decline" concept.
We always keep hearing that if a stock is on an up trend, it is better to buy on decline. But we can't strictly enforce it as we don't know what and when is that decline is going to be? So, this may be of a little help. Thanks! Babu Kothandaraman

 

[calmeshenoy]

another 2 stocks sir onmobile n ur earlier rec stock nirma by charts

 

[Romeo and Elliott]

Thanks Babu, ill be watching Yesbank, JPAssociat, Onmobile and Suzlon

 

[Prashant Patel]

any thoughts on SUZLON?

 

[kaly422000]

i am a beginer so try to keep it simple its engulfing bull(above axix babk chart)



every candle has its own story.
1) good thread to learn
2) i pointing out another chart tatasteel weakly. it is tring to form cup and handle formation. sud see the break out if happen. may be a good bet.
3)any way out of the context of this thread , does metastock can explore such pattern.if any one have the formula pls share.
as i am not comfortable uploading chart ,avoiding this.

 

[babukraman]

as i am not comfortable uploading chart ,avoiding this.

This is the link you should get familiar with for posting the charts. You can't go wrong with the clear instructions given by traderji.
http://www.traderji.com/announcements/22138-how-post-chart-image-traderji-com.html

any way good thread to learn

Thanks for you feedback . I've started this thread just to pay back in kindness; of all the things I've learned from traderji's "teach a man to fish" and various other threads from this forum, i n d i t raders dot com and Yahoo Technical Investor group. I'm glad that it's serving the purpose.

any way out of the context of this thread , does metastock can explore such pattern.if any one have the formula pls share.

for software like Metastock query, please use the appropriate sections.
Cheers!
Babu Kothandaraman

 

[babukraman]

CCCL Weekly in a trading range and now it is bouncing off the lower channel line.

Daily Inv HnS or SFFP

 

[babukraman]

any thoughts on SUZLON?

Dear Prashant Patel,
Somehow I'm not comfortable with Suzlon. Let me try to give it a best shot!
Thanks!
Babu Kothandaraman

 

[babukraman]

Dear Prashant Patel,
Somehow I'm not comfortable with Suzlon. Let me try to give it a best shot!
Thanks!
Babu Kothandaraman

Dear Prashanth Patel,
Here is another view from Yahoo TI group mod Mr. Prashanth. I'm not sure if you're a member of that group as well. Hence, posting that comment here as well. Credits to the author. Thanks! Babu Kothandaraman
While Suzlon has indeed moved out of the Wedge, the fact is that its not a real break out but a move due to the Wedge running out of space. In fact remember reading some where that most Wedge breakouts perform best when it breaks out before 75% of the traingle has been reached as opposed to breaking out very near to the apex.

Add to it, the breakout has not come with high volumes. I would say a likely point to initiate a long would be a breakout above its previous pivot - A close above 61 for example.

Thanks for sharing. Its tough to keep a eye on patterns made by every stock and defnitely helps if some one does the homewok

Cheers

Prashanth

 

[calmeshenoy]

sir NIRMA 260 rec by u@ 215....grt