MY CHARTS-My Technical Charts for TSet

#65
Re: Welspun Gujarat

Hi,
Can some one please validate my observation of welspun gujarat chart.

The stock has been through a head and shoulder bottom reversal.However there has not been a significant spurt in volume after the rally from right shoulder.
The stock seems to be consolidating on its breakout from H&S pattern.
Is it a BUY signal with a target of 94 and stop loss at 64.

Thanks,
Vikranth
 

trader21

Active Member
#66
Re: Welspun Gujarat

Hi,
Can some one please validate my observation of welspun gujarat chart.

The stock has been through a head and shoulder bottom reversal.However there has not been a significant spurt in volume after the rally from right shoulder.
The stock seems to be consolidating on its breakout from H&S pattern.
Is it a BUY signal with a target of 94 and stop loss at 64.

Vikranth
Hi
The stock faces a strong resistance around 78. So it may be a buy above that. Its recent pattern qualifies to a zig-zag but not H&S bottom reversal.

64 in anycase is too far a stoploss. Pls explain hw u arrive it.
 
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#68
Re: IGate chart

Hi,
Can some one please confirm the formation of Head and Shoulder pattern formation in the igate Global solutions. Is the price target at 260.

Thanks and Regards,
Vikranth
 

trader21

Active Member
#69
Hi Lohiya,
Thanks for your observation. I arrived at 64, because that is where I put the neck line.

Regards,
Vikranth
Ohh ok, u meant the H&S of june-july-august. There is support around 69 also. To me it appears currently in ABC(zig-zag).

Thanks.
 
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trader21

Active Member
#70
Re: IGate chart

Hi,
Can some one please confirm the formation of Head and Shoulder pattern formation in the igate Global solutions. Is the price target at 260.

Thanks and Regards,
Vikranth
A humble advice friend, it is a thinly traded stock, patterns work little in such stocks. You can check this by some backtesting.
 

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