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a layman's approach to break out and break down |
technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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Post: #2161  Posted: Wed Mar 16, 2011 12:34 am Post subject: |
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bhusan steel = inverted HNS
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2162 Posted: Wed Mar 16, 2011 8:48 am Post subject: |
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| singh.ravee wrote: | Casper Hello,
What a day it was?
Is it a approx 150pts channel on nifty 60min.
Thanks and Regards
ravee |
hiii its a channel of course, now 34 ema is almsot at the middle of the channel, so if u buy at lower channel then target 34 ema, or buy above 34 ema and target upper channel
if u short at upper channel, target 34ema, and if u short below 34 ema and target lower channel
i have sent u msg in gmail , read the mentioned pages in elders book for better clarification
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2163 Posted: Wed Mar 16, 2011 8:55 am Post subject: |
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| singh.ravee wrote: | casper bhai,
is it a bearish flag in tcs 60min
thanks and regards
ravee |
from my personal exp, i just love to trade bull flag and just hate bear flags , bcoz, i dont know why, but mostly my traded bear flags failed devastatingly
so my style of trading bearish flag is..... buy above the upper tl and sell below the lower tl and i treat this pattern mostly as a channel...... it has become my superstition u can say!
its a bearish flag of course and u can trade it 3 ways
1. trade as channel, from upper end to lower end or opposite
2. sell below lower tl---- proper bd
3. buy above upper tl-- sff (success from failure) case
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2165 Posted: Wed Mar 16, 2011 9:10 am Post subject: |
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its not a call for trading, i am running here and there, haphazardly as i am too busy now, but if any of u care, just watch bhartiship and ekc for 2-3 days, i expect some upmove here
reason??? well, let me keep it secrete at this moment!!!
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2166 Posted: Wed Mar 16, 2011 9:29 am Post subject: |
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| sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | ABAN 60tf
************
ABAN in stuck in ST in 60tf...
A break above 661 (34 ema) can take it to 610/615
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hi............sumesh
aban is it 661 or 601??............pls clarify.............
thanks
anand |
Hi Anand, Yes it is 601 only yaar... Above 661 how can it go to 610/615 
It is just as I said those office/mkt shuffle lapse...
Casper bhai, thanks a lot... See Techm also, I feel it will give a chance for Bullish Flag break in 60 tf.. what do you say...? |
hi...............sumesh
aban I purchased @ 602.............can I expect 608 by to day??...........any s/l is req.??.............pls guide me
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2167 Posted: Wed Mar 16, 2011 9:37 am Post subject: |
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| anand1234 wrote: | | sumesh_sol wrote: | | anand1234 wrote: | | sumesh_sol wrote: | ABAN 60tf
************
ABAN in stuck in ST in 60tf...
A break above 661 (34 ema) can take it to 610/615
-- |
hi............sumesh
aban is it 661 or 601??............pls clarify.............
thanks
anand |
Hi Anand, Yes it is 601 only yaar... Above 661 how can it go to 610/615
It is just as I said those office/mkt shuffle lapse...
Casper bhai, thanks a lot... See Techm also, I feel it will give a chance for Bullish Flag break in 60 tf.. what do you say...? |
hi...............sumesh
aban I purchased @ 602.............can I expect 608 by to day??...........any s/l is req.??.............pls guide me
thanks
anand |
Anand,
Such BO patterns you should avoid in opening as they can trap you.. Anyways, it may still work, but now since you have purchased I would say a SL of close below 590
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2168 Posted: Wed Mar 16, 2011 9:38 am Post subject: |
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| casper wrote: | its not a call for trading, i am running here and there, haphazardly as i am too busy now, but if any of u care, just watch bhartiship and ekc for 2-3 days, i expect some upmove here
reason??? well, let me keep it secrete at this moment!!!
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hi...........casper
I purchased ekc @ 73.2.................how much I can expect for 2 - 3 days??..............any s/l is req??..............pls guide me
thanks
anand
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2169 Posted: Wed Mar 16, 2011 9:56 am Post subject: |
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| anand1234 wrote: | | casper wrote: | its not a call for trading, i am running here and there, haphazardly as i am too busy now, but if any of u care, just watch bhartiship and ekc for 2-3 days, i expect some upmove here
reason??? well, let me keep it secrete at this moment!!!
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hi...........casper
I purchased ekc @ 73.2.................how much I can expect for 2 - 3 days??..............any s/l is req??..............pls guide me
thanks
anand |
dada, i wrote it was not a call actually, i posted it as my on going "research" which is yet to complete
as for intra we can keep sl at 71 and target 74/75 range
but if my research is right, then we can expect 80 within 2-3 days i guess
(it is an ST in eod, we have no way to predict it properly so far, so i tried to find an way out to predict an st only, same case in bhartiship too)
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #2170 Posted: Wed Mar 16, 2011 10:37 am Post subject: |
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hi............sumesh & casper
thanks both of u...................for ur comments..........pls keep rocking
thanks
anand
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2171 Posted: Wed Mar 16, 2011 12:03 pm Post subject: |
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GSPL
*******
DT
Below 97.3 (34 ema).. we can see 96 / 94
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2173 Posted: Wed Mar 16, 2011 10:15 pm Post subject: |
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| singh.ravee wrote: | Casper Hello,
Yesterday night, I posted bearish flag in tcs 60min. Entire day, the stock went up.
Just now rechecked the same,  See what I found.
A channel in tcs. A high volume breakout today. Now, I understand why it was going up
Thats why, i normally refer to spotting of patterns as an art.
Thanks and Regards
Ravee |
never ask me for bearish flags, the moment i touch the chart the moment it become bullish flag this is perhaps 27th time i am watching it
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vishytns
White Belt
Joined: 26 Nov 2009
Posts: 206
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| Post: #2174 Posted: Wed Mar 16, 2011 10:43 pm Post subject: |
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Ravee,
Ask casperji to find head and shouders?
Definetly Pattern finding is an ART. I call casper as "PATTERN GURU/PATTERN PUNTER"..Thats why we should always post and get it certified by our guru....
regards
Vishy
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technocalls
White Belt
Joined: 27 Aug 2010
Posts: 34
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| Post: #2175 Posted: Thu Mar 17, 2011 12:10 am Post subject: |
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| casper wrote: | | technocalls wrote: | | bhusan steel = inverted HNS |
if its going to be an inv h/s can the neck line be so far away???
if u were here in my trading room,i wud hv told u sit on my chair and draw it properly and let me keep smoking and looking at ur drawing while u draw it perfectly
since its not possible, so i am sending u the proper drawing, look carefully
in case of h/s, invh/s we MUST join the shoulder parts to each other and if we do it, our head part will emerge from sky!!!!
in this case, it was inv h/s ofcourse (wid two left shoulders) but it has reached its target, what u say???
plz give me ur feed back |
casperbhai it would be my pleasure to sit on ur chair …. It wont be possible right now but i prey to god someday make it possible, some day some time we surely meet but when . . . . i cant promise but one thing i promise u i will surely better in TA then what i m today
see u soon……..till then…..keep correcting me
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