iCharts Discussions

[vishytns]

Casper,
Look at SATYAM chart, looks like formation of head and shoulders. Neckline is at 80. I am not sure about this, so i require you to carefully examine the chart.
Moreover satyam has given out bad results.
Vishy

[vishytns]

Casper,
Look at SATYAM chart, looks like formation of head and shoulders. Neckline is at 80. I am not sure about this, so i require you to carefully examine the chart.
Moreover satyam has given out bad results.
Vishy

[vishytns]

Casper,
SELMCL, stock has broken down below the rectangular pattern. Please provide your view.
Vishy

[ravionlinek]

hi casper
good work....

chek out Idea is any thing forming there..........

& in Unitech can i buy it around 70( if sustain there) with s/l 60

[casper]

hi vishy and ravionlinek

here is the result:

aloketext= nice finding vishy, but look at the picture u posted, its not symmetrical triangle, its an ascending triangle, target will be 40-50 in 1-2 months

renuka= yes, target will be 100-105

satyam= here the left shoulder is highest, so it cant be a h/s where middle shoulder is supposed to be the highest, again, if it sustain above 80 and gives a bo at 120 then it will form an ascending triangle. then target will be 150-160. but this will take at least 1-2 month to form the pattern

selmcl= yes its a rectangular bd. but i dont know how to comment on the target here, we get a target by subtracting low from the high, so it will be 110-40=70 rupees break down, but this one is trading at 40, so our target will be -30

unitech= if sustain 70, u can buy, but i think it may test 60 also,let us see,

idea= yesterday it opened at support and closed at resistance, (bb lower and bb upper respectively) it can reach 73 if it trades above 70, now at 69.55, wait until it sustain 70, or else, it may go sideways

[casper]

[vishytns]

Casper,
Check BIOCON, Descending Triangle break out. Volumes are low, we need to check the volumes in comming days. If Volumes are not HIGH then this could be false one.
Please provide me your views.
Vishy

[vishytns]

Casper,
Check GUJNRECOKE, head and shoulders break down, 55 looks like good support, if it breaks then stock could have more down side.
Vishy.

[vishytns]

Casper,
IBREALEST, looks like has formed and double top and broken down. Check the chart and let me know your views.
Vishy

[mrvishal_g]

Hello Casper,

I am in very bad condition bcos i already told you that i m holding HCC lot @63.5. It was near 66 on friday( i was waiting for 70-72). I was out of station since sunday evening and just see rate of HCC 57.15
Now suggest what to do bcoz it looks very weak on chart.

One more thing i have a ebook which have almost all the pattern detail.(how to identify, chance of failure, trading tips, etc.)I think it is very good ebook seriously (but i haven't read it ). I think it can sharp you people who are hardworking and giving time.

Its a pdf file size is more than 9MB even 7.5MB after zip. I tried to upload it for you people but failed ( may be bcoz of its size)

Tell me how can i upload it.???(if you are interest to see it)

Vishal

[casper]

hi vishy,
biocon is a perfect descending triangle, during pattern formation, generally we see a decrease in vol, so its normal, vol will only get back during bo/bd, so we have to see the vol during bo/bd

in case of guj nre coke, a break down below 55 will reach around 45 level

ibrealest= a break down from 185 will lead to a down fall for 20 rupees atleast


vishal,
what u have done??? i replied u that 67 will be a resistance and then only expect 70 u could have sell it when u saw it could not cross 67.

important support level is broken, now we can target 54-52 in coming days, but dont panic brother, "himmat e marda toh madad e khuda"u can try any of the following methods

1, buy put to hedge the position
2. sell 2-3 lot of hcc and cover at lower levels
this is a dangerous time, plz dont leave any unattained open position for now

once i posted a candle stick e book, u can find it here http://www.icharts.in/forum/a-laymans-approach-to-break-out-and-break-down-t2878,postorder,desc,start,250.html

and i never uploaded such a big file in ichart, may be uploading this kind of big file is prohibited, can u make a word document in 2-3 parts by just copying and pasting in some word file? so that 2-3 separate book with less volume will be generated?

[vishytns]

Casper,
ICICIBank head and shoulders formation (60min tf)? Please check it and provide your views.
Vishy

[casper]

hi vishy,
sorry i am very late!!! in fact i have downloaded so many charts in last couple of weeks or so, that my download folder is almost flooding with charts, among them, there are charts of back testing, live market testing such as,chart at the time of taking a paper trade and chart after the bo/bd.so from the morning i was busy to sort them out and sent them in respective folders. our strategy testing session is rocking, so today i thought i should start sorting and shifting charts now and as all the examples can not be posted in the forum directly (as it will take huge page) so i thought to post some charts directly in the forum and make a sort of ebook with remaining charts and post that e book so that those who want to see in details can access them and other can avoid easily and to meet the deadline of Friday evening, i thought i must act now or else i am sure to miss the time line

the icicibank chart u posted needs very careful look to confirm as a h/s pattern, but this is a h/s and the way u picked it up just shows how passionate u r towards ur work!! plz keep it up

but one thing to mention, this scrip has taken support at the neckline and has consolidated, in order to get at 250-275 point down fall,we need to breach the neckline ,preferably with increased volume

[raju87]

Hi Casper,

Ttkprestige as per charts looks like formation of head and shoulder. Please comment.

[mrvishal_g]

Thanks Casper,

I find some stock, give your view
Abirla 804........sell bb support break also convert in downtrend from uptrend.
Patel eng 366.8....Sell decending tringle
Bank of baroda 972....sell near bb support once break 960 then it may be a good short bcoz it is in uptrend from Feb.'10

one more request, tell me in brief how you calculate time to achieve target after bd/bo.
I tried to copy paste in work from pdf ebook but formatting as well as chart are not coming in word, i will try once again.

Vishal