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

[Himanshumalik]

RCOM weekly chart breakout

 

[rkgoyal_98]

Re: Three Outside Up Bullish

@RomeonElliott
Thanks for bringing out the context.
@Besttrader8 aka amitams,
As RnE has mentioned, context is where the pattern needs to be looked at. For example, take a look at the Nifty weekly 20110722.
It's a nice Inverted Head and Shoulder pattern.
1. However, is it at the right place where it's supposed to be for a reversal?
P.S: You seem to find my thread on the other forums to post your charts

I see desending triangle here, wait and watch is only the answer

 

[rkgoyal_98]

have a look on Bank of India

 

[timepass]

Re: Three Outside Up Bullish

I see desending triangle here, wait and watch is only the answer

I am not much of a chartist, so i refer to simpler configurations. I see a failed "W" here, and a possible "M" if 5497 is breached convincingly.

 

[jramakant05]

have a look on Bank of India

Oops no attachment or Image.

 

[dhootankur]

Greeting,

Uniphos made IHNS pattern and broken out of it with quite good volume. 155 looks good support and 180 is coming out to be target.....

Now comes two type of trade either u can enter now and can come out with profit if it give some good move now on, or u can wait for it to retest support and giving reverse signal...
So people buying 2morrow can keep 155 as SL for their positional one & people catching it near 158 - 156 should keep SL 146...

 

[GULSHAN1987]

Hello Guys i am new too traderji and technical analysis as well , i dunt have a an understanding of indicators or candlesticks so this post is clearly on the basis of chart pattern.The chart is of L&T , it was trading in a range, moved out , moved in now it again moved out but looks like it will again move down . I maybe wrong .

 

[GULSHAN1987]

Even on weekly charts it shows tht adx line is below 20 which depicts weak trend and rsi is inching towards 50 levels after touching 66-68 , even though price is in short uptrend rsi shows divergence.

 

[4xpipcounter]

Uploaded with ImageShack.us

Rkgoyal. I've been saying since the candle hit the top of the cloud that SBI would be headed to 2325 which is the daily tenken.
First, we had an OB condition on the stochs under the cloud. Strong momentum pushed it through the cloud and to the top. Afterward we had a divergent condition on the stochs, which all adds up to a drop to the minimum, tenken at 2325.
I would also expect a spike through to at least 2317, which is the bottom of the 4-hour cloud. A convincing move through there would accelerate the move south. For now, I would treat 2317 as a decision point.

have a look on Bank of India

 

[Visualize]

Situation is getting tighter everyday... !