Pattern recognition ?

[Czar]

dont think so, TISCO may pull back till 688/90 in the next hour but its showing sell... IMO

I dont follow intraday so cannot comment, intraday...

 

[ugb]

Sorry I should have specified the time farme.

I did not mean intra day chart.

I am looking at 3 months chart.

 

[Czar]

ok then I must say you are right but the march from lows to up 1 way, it has to test bottom, should go anywhere between 630/650 at least...

 

[Czar]

If Praj does not move soon, I might have to put Saint's Bored stoploss

SBI broken previous week b4 last high in futures of 1555, market nicely poised if other Heavies give higher weekly swing...

 

[Czar]

SBI has been a leader in this rally & by making HH signifying higher chances of Nifty too going above its previous high 4540 & maintaining bullishness...

 

[Czar]

Wipro says hello on closing basis....

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[mahesh2007]

chart : BHEL daily

In this chart double top reversal did not take place instead 1600 resistance line was broken-gap up with high volume(more than double of average volume).
prices are now in the rising wedge and lower breakout is is expected.

plz opine.

mahesh

 

[Czar]

not necessarily, not a R.wedge & even the monthly shows a break from downtrend... now breaking 1828 recent top should add bullishness, might pull back after that...

made a nice base at 1350 levels...

 

[mahesh2007]

do u mean it's not a rising wedge?
I not R wedge then what is it?

in your chart it is more lika a channel formation.

mahesh

 

[Czar]

yes its a channel & see its moved nicely today... can be bought if its comes down to 1650 IMO