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a layman's approach to break out and break down |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #3001  Posted: Thu Jan 05, 2012 1:35 pm Post subject: |
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| vinay28 wrote: | | thank you maddyprincess and casper. good learning. It is just that I read somewhere that ATs at the top of an uptrend do breakdown sometimes. Also, I felt that HUL, being a defensive stock, may go down if nifty goes up. I do accept that it has also moved with nifty sometimes in recent months. |
maddyprincess/casper
is your view on HUL still valid?
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #3002 Posted: Thu Jan 05, 2012 1:50 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | thank you maddyprincess and casper. good learning. It is just that I read somewhere that ATs at the top of an uptrend do breakdown sometimes. Also, I felt that HUL, being a defensive stock, may go down if nifty goes up. I do accept that it has also moved with nifty sometimes in recent months. |
maddyprincess/casper
is your view on HUL still valid? |
Vinay,
Pattern is failure now as trading below breakout line.
If one entered above 407, they could have made profit since it touched 420 in a short span of time. I always believe in trailing stop loss than the pattern. Hope it is suffice 
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3003 Posted: Thu Jan 05, 2012 2:21 pm Post subject: |
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| thanks
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #3004 Posted: Thu Jan 05, 2012 9:23 pm Post subject: ABC CHEMICALS( abcil) |
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| ABC CHEMICALS( abcil)is there a likely hood of touching 80 and 88 in the short term? Kindly advise.
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #3005 Posted: Tue Jan 10, 2012 9:26 am Post subject: |
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Dow is forming a rising wedge on daily charts ...this pattern could take another 2-3 weeks to get completed at around 12700 levels.
Maddy
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #3006 Posted: Tue Jan 10, 2012 9:57 am Post subject: BOMBAYDYEING |
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| iS there a case for break out in this @386
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #3007 Posted: Tue Jan 10, 2012 10:54 am Post subject: BOMBAYDYEING |
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| The stock moved up to 393 in the mean time.
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #3008 Posted: Tue Jan 10, 2012 2:46 pm Post subject: Re: ABC CHEMICALS( abcil) |
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| ESNMURTY wrote: | | ABC CHEMICALS( abcil)is there a likely hood of touching 80 and 88 in the short term? Kindly advise. |
The stock touched 83 today
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #3009 Posted: Thu Jan 12, 2012 8:14 pm Post subject: INFY |
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For Candle Stick reading you don’t need to be T.A geek. What it needs is keen observation and a little logical thinking. Have a look at INFY Candle stick Chart to know what it told you loud and clear.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3010 Posted: Thu Jan 12, 2012 8:38 pm Post subject: |
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| wow!
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #3011 Posted: Thu Jan 12, 2012 10:01 pm Post subject: |
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Double wow. Vinay, I seriously think this man is a reincarnation of the Japanese rice trader, Honma of Sakata City, Japan who made a fortune in rice futures after inventing and using candle sticks around 1750AD onwards!!
Rka2003: Please post such charts before they yield fruit so we can also profit (just like you must have today)
Regards, Prakash Holla
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #3012 Posted: Thu Jan 12, 2012 10:13 pm Post subject: |
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| pkholla wrote: | Double wow. Vinay, I seriously think this man is a reincarnation of the Japanese rice trader, Honma of Sakata City, Japan who made a fortune in rice futures after inventing and using candle sticks around 1750AD onwards!!
Rka2003: Please post such charts before they yield fruit so we can also profit (just like you must have today)
Regards, Prakash Holla |
I did it Prakash
I posted it in WW forum on 10th. Not in the same way but in a different way.I said INFY is showing weakness on that day.Now I explained... How I came to that conclusion.
Please ....No need for such superlative praises...There is no comparison.I am still a learner.
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #3013 Posted: Thu Jan 12, 2012 10:24 pm Post subject: |
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Rka2003: Yes, just after posting earlier, I saw your posts in WW forum regarding Infy. I sincerely hope you made a nice profit by shorting Infy after the in depth analysis you have done of the share.
You know, by confirming in candlesticks what you saw in WW you have made your case 2 times stronger, thereby making it easier for you to enter the trade with more confidence
Warm regards and congrats, Prakash Holla
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #3014 Posted: Sun Jan 15, 2012 9:00 pm Post subject: TIMKEN |
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TIMKEN..eod
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Timken has broken AT with upward momentum, but is resisted at 50 SMA(at 190 level). Crossing this, it can reach 200.
SL on eod basis 173.
Regards,
Sumesh
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #3015 Posted: Sun Jan 15, 2012 9:15 pm Post subject: INGVYSYABK |
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INGVYSYABK..60tf
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DT.
Below 308 can touch 300 (monthly pivot).
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