iCharts Discussions

[newinvestor]

Can you pls check chart of Vguard. This seems to be a classic symmetrical pattern. In the past 6 weeks , two lower tops and two higher bottoms, volumes almost non existent and now on Friday breaking down from the line.

But still no volume increase .

[casper]

hi girishhu1,

congratulation, ur posts shows that u r working really hard. plz keep it up.
while there is some prbs and some charts are not updated up to last Fri day, but it shows that u r trying and that's a great thing

im going to write what i understood from ur posts here.

1.aloketext: nice pattern with vol confirmations. we may enter at 29-30 range, but as of now, we don't know if its going to be a rounding bottom or cup and handle. so it will be good if we prepare mentally for a lil bit consolidation at the bo level(cup &handle)
plz do remember that, in that case, the price may go down up to 1/3 of the right arms expansion

2.elgiequip: a channel bo has occurred , target will be 200-205, see the widest part in the chart i posted and one more thing, bo is at 170, no in 165

3.glenmark: its alright. but dont exit at 365, it may go up to 375 under favorable condition

4.hindoilexp: broken out of a symmetrical triangle, but could not sustain, it has to take support at the bo level before it resumes the upmove, plz see the chart

5.jswsteel: i already posted the chart in response of mrvishal_g, its a cup and handle forming , plz see that chart

6.rajesexpo: not a very robust or classical formation, and it could not sustain above the bo. wait for a close above 123 with good vol

7.sonatsofw: while target is ok, but drawing should be a lil bit changed, plz see the chart

8 sreiinfra:i did not understand why target 172 here? for me, after clearing 135 by closing, it would give 140.145-150
can u plz explain why target 172?

[casper]

hi newinvestor,
in 2nd chart i attached, its more of a pennant than a sym triangle.
(plz remember here that pennants are smaller sym triangle)

but in 1st chart, with some imagination, we have turned it to be a yet to be broken down descending triangle, so as per our 1st chart its a descending triangle is forming.---- that's why there is no significant volume. i believe, that vol will be back once a break down takes place from the current level

[girishhu1]

hellow casperji,
thanks a lot for your comments.
i have taken difference beween hi and lo point of ascending triangle and posted it above bo point which works out to be 172 approx.
regards
girish

[newinvestor]

[casper]

[girishhu1]

followed and thanks again

[mrvishal_g]

Thanks Casper
what is your picks for monday.

[casper]

[girishhu1]

casperji,
i dont know much about commodities but i am enclosing a chart of aluminium.will you pl comment on this one also?

[newinvestor]

Do we stop tracking Provogue, as the b/o did not continue on friday, and also vol came down?

[casper]

i never traded or worked with with commodities, but from theoretical point of view, i can say that the 1 st chart looks like a pennant, a bo has occur. target will be 7 rupees, instead of 12 rupees, see the chart. but the prb is no significant vol is seen.

and the 2nd chart is not available in my jchart eod comm, may be its a real time chart, in this chart a symmetrical triangle/ pennant like formation is seen. though it is not very robust

[casper]

[casper]

i really could not make out whats going on.
just shorted cummins fut at 812. booked at 805 (fearfully)
we are moving between a band of 18-20 rupees.(nifty)
a break thru is needed

[girishhu1]

hellow casperji,
i m enclosing an excell sheet indicating status of stocks discussed by us. please comment.