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

[preethi21]

Global Markets are in full upward flow,,,
Dax today started it bullish continuation rally,,,
----------------------------------------------------
SWING TRADE
One bullish stock Centurytext cmp 362 target 450 sl 348 (Buy at closing time if price stands above 363)
----------------------------------------------------

 

[Romeo and Elliott]

Global Markets are in full upward flow,,,
Dax today started it bullish continuation rally,,,
----------------------------------------------------
SWING TRADE
One bullish stock Centurytext cmp 362 target 450 sl 348 (Buy at closing time if price stands above 363)
----------------------------------------------------

Looks good, 400-415 seems to be reasonable, failing a breach of 400 would be bad, but looks like a full set of downside is done IF the trend hasnt changed, else expect 400 to beat it down.

 

[krishere]

Looks good, 400-415 seems to be reasonable, failing a breach of 400 would be bad, but looks like a full set of downside is done IF the trend hasnt changed, else expect 400 to beat it down.

if you see the weekly charts of sensex & nifty, there is a clear head and shoulder formation... and the neckline is also broken.... how do u see the market going up???

 

[Romeo and Elliott]

if you see the weekly charts of sensex & nifty, there is a clear head and shoulder formation... and the neckline is also broken.... how do u see the market going up???

w.r.t my post :
Originally Posted by Romeo and Elliott
Looks good, 400-415 seems to be reasonable, failing a breach of 400 would be bad, but looks like a full set of downside is done IF the trend hasnt changed, else expect 400 to beat it down.

err i dont see "I see the markets going up" anywhere in my post

One needs to understand that price moves in waves, you might find it surprising that even in a falling markets prices of certain stocks might actually rise for a few days (yup, it does happen), in such cases, what you suspect to be the bottom of wave A is not usually breached to the upside, thats the possibility expressed in my post.

Also kindly post the chart of the clear head and shoulders pattern, with the neckline broken [use Copy or Printscreen then paste to an image editor then save as png / jpg n upload ]

 

[Romeo and Elliott]

I want the names of anyone whos buying Bhartiartl :annoyed:
girne do yaar

 

[Pralhad]

Tata Motors Spot 30 Min forming Symmetrical Triangle.....Either side breakout will give around 60 Point.

But Beware of False Breakout


Regards,
-Pralhad

 

[Pralhad]

Chamblfert Spot 30 Min forming AB=CD Pattern

Potential Reversal Zone (PRZ) - 70.90~71.60

AB=CD=70.90
1.27BC = 71.57

Lookout Price Action and candlestick Reversal Pattern in PRZ area for long opportunity.

Stop Loss should be around 70~70.5


Your Target may be 61.8% of CD leg = 75.75

Regards,
-Pralhad

 

[krishere]

w.r.t my post :
Originally Posted by Romeo and Elliott
Looks good, 400-415 seems to be reasonable, failing a breach of 400 would be bad, but looks like a full set of downside is done IF the trend hasnt changed, else expect 400 to beat it down.

err i dont see "I see the markets going up" anywhere in my post

One needs to understand that price moves in waves, you might find it surprising that even in a falling markets prices of certain stocks might actually rise for a few days (yup, it does happen), in such cases, what you suspect to be the bottom of wave A is not usually breached to the upside, thats the possibility expressed in my post.

Also kindly post the chart of the clear head and shoulders pattern, with the neckline broken [use Copy or Printscreen then paste to an image editor then save as png / jpg n upload ]

my bad... actually i wanted to quote the msg where preethi had said that all international indicators are up... by mistake quoted your msg....

here is the nifty weekly chart showing the h-n-s with neckline broken... something very intresting has happened today in nifty.... it has closed below the gap created on 9-9-10... the move tomorrow should be intresting and decisive.....

happy trading.
krishna.

 

[Romeo and Elliott]

@ Krishere

:lol: np, ty for the chart.

x================x

Think i made a bad choice @ Bhartiartl shorting [or maybe it suddenly doesnt look like such a good short now that im in it ]

Ive had my 'buri nazar' on that for a while, just wanted everyone to fight it out before i enter short, kinda happend yesterday / today.

So whats the problem, bro ?
1. Im upset about the volumes.. wouldve wanted them lower
2. 322 is a good support, those bulls will prolly come in and ruin my mood tomorro :annoyed:

Other counters i was in a mood to short today (in that order) :
1. Bajajhind
2. Apollotyres

btw. ABB went under a support it was holding up for a while.

 

[preethi21]

Hi friends,,
Today i exited all longs,,,
KFA = no loss
Bajaj hind loss 870 rs
AARti ind loss 110 rs

Good to see small loses,,