Pattern recognition ?

[johnnypareek]

HI PRAVIN,

Well, yes. though round figure mania, 4200 will work for intraday. Remember we tried twicw IH&S pattern and never able to give breakout and now we have perfect H&S, though small but give some imporance as it is appearing after two IH&S failer.

Right now there are some which we can only guess
1. Nifty moves sideways sround neckline
2. Moves if some covering comes.
3. close below 4185, then invite more selling and pull back to-wards neckline n then only down down down

This is just a thought. Please trade as per your comfort

johnny
www.moneybulls.blogspot.com

 

[johnnypareek]

czar,

I am not telling that we may hold, that H&S will fail, but that this H&S is in progress after two IH&S failer. So, A fall may be more then what we generally maths.

johnny

 

[renu daga]

4200 can hold only temporarily,,,
but chances are ,,, rare,, to get long
4206 is support on intraday chars of 5min

renu

 

[praveen taneja]

HI PRAVIN,

Well, yes. though round figure mania, 4200 will work for intraday. Remember we tried twicw IH&S pattern and never able to give breakout and now we have perfect H&S, though small but give some imporance as it is appearing after two IH&S failer.

Right now there are some which we can only guess
1. Nifty moves sideways sround neckline
2. Moves if some covering comes.
3. close below 4185, then invite more selling and pull back to-wards neckline n then only down down down

This is just a thought. Please trade as per your comfort

johnny
www.moneybulls.blogspot.com

thnk u very much sir for ur time can u pls throw some light on Reliance too is it now a good stock to enter now......

 

[johnnypareek]

pravin,

It's not good idea to buy a stock b'coz it just hit 52 week low. RELIANCE is in trouble since sometime. stay away

johnny

 

[Czar]

(4) ONGC: This is a strong stock & can compensate for the RIL weakness if it wants to:

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[learn2trade08]

dear czar,
Is this one for the bulls?
thanks

 

[Czar]

Hey L2T, Its on crucial ground, but I will stay away till it closes above 727 (spot), above 800+ can be achieved...

 

[learn2trade08]

sincerely appreciate your time czar....
thanks

Hey L2T, Its on crucial ground, but I will stay away till it closes above 727, above 800+ can be achieved...

 

[Czar]

The bar is always open...

Edit: Forgot to mention, you are getting bulls eye all you gotta do now is have patience to hit it...