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a layman's approach to break out and break down |
sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Post: #2296  Posted: Mon Mar 28, 2011 12:50 pm Post subject: Sunpharma 5TF |
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Sunpharma 5TF
**************
A bearish Pennant
Break below 439.5 can take it to 436 and more...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2297 Posted: Mon Mar 28, 2011 12:58 pm Post subject: Re: Sunpharma 5TF |
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| sumesh_sol wrote: | Sunpharma 5TF
**************
A bearish Pennant
Break below 439.5 can take it to 436 and more... |
SL is 5tf close above 441.5
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #2298 Posted: Mon Mar 28, 2011 4:32 pm Post subject: |
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Dear Casper/Ravee
Hello!
Once again another stock with rising wedge..
Trust, those who are following this treads knows how to initiate trade with Sl and tgt...
I request one of you to guide for tgt as well as any comments/suggestion if any..
Regards,
JJM
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2299 Posted: Mon Mar 28, 2011 4:44 pm Post subject: |
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Dear Casper
there is nothing to mind yaar!
I am Rajeev
regs
ridinghood
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2300 Posted: Mon Mar 28, 2011 10:35 pm Post subject: |
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hi casper,
how u doing???
i m posting a chart of dena bank i thing dena can move 10 to 12 rs abv 105.3. what's ur view????
regards
s.s.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2301 Posted: Mon Mar 28, 2011 10:56 pm Post subject: |
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| jjm wrote: | Dear Casper/Ravee
Hello!
Once again another stock with rising wedge..
Trust, those who are following this treads knows how to initiate trade with Sl and tgt...
I request one of you to guide for tgt as well as any comments/suggestion if any..
Regards,
JJM |
hi jjm
in eod chart, its more promonet, making a nice breaish flag where the pattern target will be around 550
but the problem is , we have too much support at lower levels, so we can short only below weekly pivots and 34 ema, say below 610 we will short, cmp is 613, let 3 rupees go while bull and bear fights fiercely
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2302 Posted: Mon Mar 28, 2011 11:24 pm Post subject: |
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| S.S. wrote: | hi casper,
how u doing???
i m posting a chart of dena bank i thing dena can move 10 to 12 rs abv 105.3. what's ur view????
regards
s.s. |
hi ss
i am fine thank u, hope u r doing well too
here in dena bank, due to touching maximum number of tops, i am drawing the upper tl a lil differently, forming a symmetrical triangle, break out happened and we have no prb so far
but 105 is monthly resi, if it get back from here , then during retracement we can slowly accumulate it with sl of bo level of 100
if market force does not change dramatically then we could get up to 110 from the trainable i am posting
ps: always find patterns where it is broken around the tipof pattern, not from the mid part
pps; jjm, i will write about target projection again, but for the time being, u can read page 1-15 of this thread, i hv described every pattern along with identification and target projection method there
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2303 Posted: Mon Mar 28, 2011 11:25 pm Post subject: |
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| jjm wrote: | Dear Casper/Ravee
Hello!
Once again another stock with rising wedge..
Trust, those who are following this treads knows how to initiate trade with Sl and tgt...
I request one of you to guide for tgt as well as any comments/suggestion if any..
Regards,
JJM |
JJM Hello,
Personally, I will avoid it till the time it clarifies its intention.
If at all I have to play it, I would like to play it on long side only with sl at 605.
regards
ravee
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2304 Posted: Mon Mar 28, 2011 11:57 pm Post subject: |
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i m also doing well. just trying to learn from u actually i m learnig patternsn other aspects of TA n i can have varios sourses like books,blogs sites but i thing u having better command on it n u can explain it pretty well so its esay to understand... so... thakx n keep doing ...
well ... i want to ask u abt ur denabank chart where day high is 104.75 where in my chart its 104.9. n my weekly monthly pivot is also diff from urs. how it can be possible?
| Quote: | | ps: always find patterns where it is broken around the tipof pattern, not from the mid part |
2nd thing regarding ur pattern finding i like to attach pnb i m attaching the chart just for the pattern finding so tell me whether it is correct or not forget abt the bo/bd and target.
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bassan
White Belt
Joined: 01 Dec 2009
Posts: 57
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| Post: #2305 Posted: Tue Mar 29, 2011 12:14 am Post subject: L&T D/TL B/O |
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HI Casper,
Attached L&T EOD Chart.Is it DTL B/O?
Tgt pls.
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2306 Posted: Tue Mar 29, 2011 12:45 am Post subject: |
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| singh.ravee wrote: | | jjm wrote: | Dear Casper/Ravee
Hello!
Once again another stock with rising wedge..
Trust, those who are following this treads knows how to initiate trade with Sl and tgt...
I request one of you to guide for tgt as well as any comments/suggestion if any..
Regards,
JJM |
JJM Hello,
Personally, I will avoid it till the time it clarifies its intention.
If at all I have to play it, I would like to play it on long side only with sl at 605.
regards
ravee |
Casper sir / raveebhai
first of all apologies from my side. i just want to put my view on tata steel. plz forgive me. i dare to put my view bcoz i want to learn the right thing and the correct method of viewing the chart. so its just my opinion ….whether its right or wrong that u TA guru will decide….
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2308 Posted: Tue Mar 29, 2011 10:25 am Post subject: ITC |
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ITC on 60tf..
*************
AT.
Looks strong on daily also.
Long Can be taken above 181 (weekly r1) for 183.6 (monthly r2) & 184.8(weekly r2)
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shaadoo
White Belt
Joined: 22 Jul 2010
Posts: 153
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| Post: #2309 Posted: Tue Mar 29, 2011 10:28 am Post subject: DIVERGENCE IN AXISBANK 60 TF |
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HI CASPER
THR IS A DIVERGEN SEEN IN AXISBANK 60 TF. REPLY ME WHAT TO DO.
SHAADOO
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2310 Posted: Tue Mar 29, 2011 10:37 am Post subject: Re: DIVERGENCE IN AXISBANK 60 TF |
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| shaadoo wrote: | HI CASPER
THR IS A DIVERGEN SEEN IN AXISBANK 60 TF. REPLY ME WHAT TO DO.
SHAADOO |
shaadoo
kindly post your chart
regards
ravee
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