New Intermed Uptrend!!

[Saint]

Nice move in BEML.........a HOLD for now!

 

[joy_verma]

hi
I trade intermediate trends. thanks. you have given me
valuable insight to validate my analysis.

 

[avinash]

Once again,excellent articles on Reversal Patterns.......When I asked about patterns,I did not think I'd end up getting this much of info.....Looking forward to The Japs Reversal Patterns!!

Thanks once again!!

Avinash

 

[Saint]

Once again,excellent articles on Reversal Patterns.......When I asked about patterns,I did not think I'd end up getting this much of info.....Looking forward to The Japs Reversal Patterns!!

Thanks once again!!

Avinash

Thanks Avinash!!

Regds,
Saint

 

[Saint]

hi
I trade intermediate trends. thanks. you have given me
valuable insight to validate my analysis.

More of an intermed trend trader myself.........keep throwing out those neat patterns when you see some.

Saint

 

[Saint]

BOMBAY DYEING :Nice orderly pullback so far on the weekly,keep it on your watchlist,looking good to resume its intermediate uptrend.

Saint

 

[kkrish68]

Hi Kishore,

Not yet a double top on the daily.........One of the Criteria for a valid double top or bottom:There should be at least one month in between the 2 peaks or greater to qualify it as a valid double top.

So not yet a doubletop on the daily yet.

One more point:The longer the time period between the 2 peaks ,and greater the height of the pattern,greater the chances of a possible reversal from a double top


Happy Trading!!
Saint

Thank you Saint both for the double top and the cup handle explaination. IDBI is a classic ! Hope Hindalco holds out tomorrow. The candlesticks indicate a Doji Star

regards
Kishore

 

[sam]

Hi Saint,

Do u find any particular scrip (one to two to a few scrips) that looks very attractive in charts, that can be entered now (even in this volatile market!).

My question might b silly - but just asking u out of curiosity!

And strong movement for the first time in ONGC breaking the 1040 levels and is at an all time high. What are the charts suggesting for the days to come?

-Sam

 

[karthikmarar]

Hi Saint

Crompton Greaves : looks poised for a breakout. But have to take out the resistance at 650. (by the way TRIX is also turning up .)

Hi Saint

Neat breakout in crompton...closed at 685.......Looks like my TRIX Tricks is working...

regards

karthik

 

[Saint]

Thank you Saint both for the double top and the cup handle explaination. IDBI is a classic ! Hope Hindalco holds out tomorrow. The candlesticks indicate a Doji Star

regards
Kishore

Most welcome,Kishore