Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%

  • March 6th 2011

    Votes: 8 25.0%

  • March 13th 2011

    Votes: 5 15.6%
  • Total voters
    32
  • Poll closed .
FanaticTrader

FanaticTrader

Well-Known Member
#1,501
#1,501
bloodmoney said:
Guys,

Your views on Apollotyre chart.. MACD crossover, RSI, Stoch all pointing to south.. Is there a short opportunity?




- Ram
Click to expand...
Well Here is my take in Apollo...Even tough there is small double top formation and breakdown on daily charts but it is not supported by volumes. Also if you closely look the prices are forming a flag pattern and have taken a support of lower channel line. Any breach of the channel can def drag counter to 77.5 levels which can prove to be a good support as it is 38.2% retracement level of rise from 59 levels 88 levels. I would not short this counter yet as it is in strong uptrend rather if I would book profits here if would have any positions.

 
FanaticTrader

FanaticTrader

Well-Known Member
#1,504
#1,504
Apurv7164 said:
Need opinion on GOENKA.... my method suggests by with the SL of 105-106 and target of 126...

Bests,
Apurv
Click to expand...
Apruv,

Well what I can see on charts is that price has taken support on minor trend line and can be expected to bounce back and jump to find some resistance at 118 levels and if breaks above 118, 125 can def be seen.
 
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