Trading With Chart Pattern

[rajatheroyal]

As i already told u, buy above the resistance line which is 2350.Dont forget to see the volume when the neck line is breached.As far as stop loss is concerned theoritically stop is placed on the bottom of the right shoulder which is too high. u can put a stop below the resistance line say for eg. 2300.
here after i will post my charts on a separate thread
http://www.traderji.com/equities/23257-trade-chartpatters-me.html

 

[Mohac]

gm, CAN one advise me on NIFTY pattern expected in the weeks to come. I have got a trade shorting NIFTY@4300. How I can cover it up, if trend reversed continues as on 01Aug08. Any cues pl.

thanks n regards

 

[sriramvr]

inverted H & S is observed in SAIL 04.08.08 daily chart and long build up in OI. similarly, tata steel has crossed the long term support on daily charts and showing strength. also bank of baroda is showing -ve divergence in RSI on daily charts and on weekly charts, right shoulder of H & S pattern formed is a huge resistance. stock should decline going by technicals.

 

[satishdb]

hi every body

in good time technicals are ok but in
falling market don't rely on technicals

stay strict to the stop loss is the best mantra.

 

[razx5]

what about fmgoetze.is it broke out of some pattern.some kind of double bottom.resistance was 60 and it has closed above 60.volume breakout has confirmed the pattern.target should b 70.isnt it?please share ur views

 

[nick721156]

Aban offshore has formed bullish harami. stock should stabilise for short term upmove.

Nick

 

[rookieinvestor]

Any opinions on SAIL. is it a good time to short sell at cmp 156 or so.

 

[columbus]

Any opinions on SAIL. is it a good time to short sell at cmp 156 or so.

http://www.traderji.com/technical-analysis/20032-pattern-recognition-13.html#post211425

 

[smarttrader42]

Dear Friends,

JP Assochas has bottomed out taking support at its 200 week moving averages.
The stock , since then has been making higher bottom – higher top formation
within upward sloping channel. This stock can be bought for investment around
Fridays close price for a target of Rs. 192.

Smart Trader

 

[columbus]

Dear Friends,

JP Assochas has bottomed out taking support at its 200 week moving averages.
The stock , since then has been making higher bottom higher top formation
within upward sloping channel. This stock can be bought for investment around
Fridays close price for a target of Rs. 192.

Smart Trader

In last 10 days ,barring on friday,in has no major upward movement.Better strategy is wait & watch, no doubt JPassociates is a good scrip.