New Intermed Uptrend!!
- Thread starter Saint
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Had discussed about LIBERTY SHOES yesterday in the chat room with Karthik,Mohan,tanewbie,rajesh.........weekly chart showing a triangle formation.Breakout here is continuation in trend.Also,the previous pivot low not coming to the base line of triangle.All signs of strength,right?
Today up to 248,would like your take on it.
Thanx,
Dhanya
Today up to 248,would like your take on it.
Thanx,
Dhanya
Well done,Dhanya........really picked up a lot since the time you came to Traderji.Great stuff.....Agreed with your analysis on LIBERTY SHOES.Looking great,you could buy here and add over 252,or wait till 252.
How did I come to 252?Previous pivot high of 250,give it a ruppee or two wiggle room space,that gives us the no. of 252.
Nice find.....and thanx!
Saint
How did I come to 252?Previous pivot high of 250,give it a ruppee or two wiggle room space,that gives us the no. of 252.
Nice find.....and thanx!
Saint
Hi Saint,
Thankyou. Yes the attachment did make it very clear. I also saw the charts of liberty as explained by dhanya. Dhanya I would request you to pls draw the triangle and attach it. I tried to figure it put on the weekly and could see the formation forming in the last 5-6 weeks. is it so.
Rahul
Thankyou. Yes the attachment did make it very clear. I also saw the charts of liberty as explained by dhanya. Dhanya I would request you to pls draw the triangle and attach it. I tried to figure it put on the weekly and could see the formation forming in the last 5-6 weeks. is it so.
Rahul
Hi Saint,
Feels like I am shooting one after the other. I saw something interesting on the charts of Ankur and hence wanted your opinion. U said on the daily we shld see a higher high and low on the ticker which it did on 27th april by forming a harami pattern, which again means a brake in the present trend. But then on 28th it went down but it has formed a hammer and the body is at the level where it made a window on 18th april.
The window should be a support level. SO on monday a close above this level should be a buy signal.
Rgds
Rahul
Feels like I am shooting one after the other. I saw something interesting on the charts of Ankur and hence wanted your opinion. U said on the daily we shld see a higher high and low on the ticker which it did on 27th april by forming a harami pattern, which again means a brake in the present trend. But then on 28th it went down but it has formed a hammer and the body is at the level where it made a window on 18th april.
The window should be a support level. SO on monday a close above this level should be a buy signal.
Rgds
Rahul
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