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a layman's approach to break out and break down |
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
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Post: #2941  Posted: Thu Nov 17, 2011 10:40 am Post subject: Re: nifty-1m60tf |
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intraday nifty cash chart 5 mini TF
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solanki
White Belt
Joined: 12 Feb 2007
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| Post: #2942 Posted: Thu Nov 17, 2011 10:41 am Post subject: Re: nifty-1m60tf |
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| solanki wrote: | | intraday nifty cash chart 5 mini TF |
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solanki
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| Post: #2943 Posted: Thu Nov 17, 2011 10:43 am Post subject: Re: nifty-1m60tf |
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infy intraday 5 mini TF
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solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
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| Post: #2944 Posted: Thu Nov 17, 2011 11:23 am Post subject: Re: nifty-1m60tf |
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nifty cash charts at 11.22 am 5 mini time frame
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solanki
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Posts: 155
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| Post: #2945 Posted: Thu Nov 17, 2011 11:26 am Post subject: Re: nifty-1m60tf |
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nse sbin cah chart @ 11.25 5 min time frame
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sumesh_sol
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Joined: 06 Jun 2010
Posts: 2344
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| Post: #2946 Posted: Fri Nov 18, 2011 2:04 pm Post subject: HINDUNILVR-1M |
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HINDUNILVR-1M..60TF
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Closed below Previous support... 12/26 crossover happened Also, MACD in -ve zone. should break now upto 380
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sangi
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Joined: 19 Jan 2008
Posts: 69
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| Post: #2947 Posted: Fri Nov 18, 2011 3:10 pm Post subject: |
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sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi
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sumesh_sol
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| Post: #2948 Posted: Fri Nov 18, 2011 3:16 pm Post subject: |
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| sangi wrote: | sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi |
I can;t see any, can u please post your chart.. ?
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2949 Posted: Fri Nov 18, 2011 3:23 pm Post subject: |
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| sumesh_sol wrote: | | sangi wrote: | sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi |
I can;t see any, can u please post your chart.. ? |
i hv attched 15tf chart.
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2950 Posted: Fri Nov 18, 2011 3:31 pm Post subject: |
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| sumesh_sol wrote: | | sangi wrote: | sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi |
I can;t see any, can u please post your chart.. ? |
Here is the 5tf nf chart. i hv attched 15tf nf chart in my blow post. pl. hv a look at tht also. pl. correct me whenever im wrong.
rgds,
sangi
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2951 Posted: Fri Nov 18, 2011 3:46 pm Post subject: |
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| sangi wrote: | | sumesh_sol wrote: | | sangi wrote: | sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi |
I can;t see any, can u please post your chart.. ? |
Here is the 5tf nf chart. i hv attched 15tf nf chart in my blow post. pl. hv a look at tht also. pl. correct me whenever im wrong.
rgds,
sangi |
Sangi, The funda behind AT is that there are many attmepts at top to prevent price before price makes lows (though rising) and finally bears give in and bulls take it out with force.. Here as you can see there were only two valid attmenpt to break the top before lows were made.. So not exactly BO...
In any case, first top u indicated should not be part of Res. line as it was a "part" on earlier down trend..
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sangi
White Belt
Joined: 19 Jan 2008
Posts: 69
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| Post: #2952 Posted: Fri Nov 18, 2011 4:00 pm Post subject: |
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thank u sumeshji, now clear 
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Padkondu
White Belt
Joined: 23 Jan 2008
Posts: 120
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| Post: #2953 Posted: Fri Nov 18, 2011 4:04 pm Post subject: Spotting patterns |
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| sumesh_sol wrote: | | sangi wrote: | | sumesh_sol wrote: | | sangi wrote: | sumeshji, is there any AT breakout in 5tf niftyf? If so is it valid in a bearish trend? pl. reply.
Rds,
Sangi |
I can;t see any, can u please post your chart.. ? |
Here is the 5tf nf chart. i hv attched 15tf nf chart in my blow post. pl. hv a look at tht also. pl. correct me whenever im wrong.
rgds,
sangi |
Sangi, The funda behind AT is that there are many attmepts at top to prevent price before price makes lows (though rising) and finally bears give in and bulls take it out with force.. Here as you can see there were only two valid attmenpt to break the top before lows were made.. So not exactly BO...
In any case, first top u indicated should not be part of Res. line as it was a "part" on earlier down trend.. |
Sanghi
as sumesh ji said an AT requires atleast - 2-3 attempts at top. lines can be drawn form anywhere to anywhere. but line becomes more and more important with more and more contacts with price. so now is it not a channel? just hv a look at the chart i posted. the red line is the one you hv drawn
Regards
Padkondu
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #2954 Posted: Fri Nov 18, 2011 4:30 pm Post subject: |
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"The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns."
Sumesh! The AT given in the chart is located in a relative down trend.Then can we consider it as a valid AT?!.Unless otherwise we were sure that it is a reversal pattern.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2955 Posted: Fri Nov 18, 2011 8:35 pm Post subject: |
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| rk_a2003 wrote: | "The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns."
Sumesh! The AT given in the chart is located in a relative down trend.Then can we consider it as a valid AT?!.Unless otherwise we were sure that it is a reversal pattern. |
AT in downtrend are always risky, so better to book profit early... However, this time around it was not a proper AT at bottom....
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