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a layman's approach to break out and break down |
casper
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Joined: 02 Oct 2010
Posts: 1315
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Post: #796  Posted: Sat Dec 18, 2010 1:01 pm Post subject: |
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| vishytns wrote: | Casper/Sumesh,
Symmetrical Triangle in ICICIBank. Please comment and provide the targets.
Vishy |
let it break out above 1127 as 89 ema nad wekly pivot is there, we can expect a target of 1150 to 1200 in intraday then
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casper
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Joined: 02 Oct 2010
Posts: 1315
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| Post: #797 Posted: Sat Dec 18, 2010 1:13 pm Post subject: |
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| vishytns wrote: | Casper/Sumesh,
Check the IDBI chart, symmetrical triangle.
Please comment.
Vishy |
what u posted as sym tri, is i am posting as a smaller at. let us get a break above 163 level as 89 ema is present there. above that we can expect 170, it will provide strongest resistance bcoz of the presence of weekly r1 and monthly pivot
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drsureshbs
White Belt
Joined: 22 Oct 2008
Posts: 58
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| Post: #798 Posted: Sat Dec 18, 2010 3:05 pm Post subject: |
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Pleasantly surprised to c veeru sir here, HOPE SOME WEALTH OF HIS KNOWLDGE FLOW HERE .Sir what is the logic behind ur assement of BIOCON. I am still stuggling to analyse ur 188 level forRCOM givin in some other thread.Hope u hav some time to bear with us ,
Regards
dr suresh shetty
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vishytns
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Joined: 26 Nov 2009
Posts: 206
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| Post: #799 Posted: Sat Dec 18, 2010 5:40 pm Post subject: |
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Casper,
Please look at the chart of Renuka, there are two patterns formed,
1. Inverse Head and Shoulders
2. Ascending Triangle.
Let me know your comments.
Vishy
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vishytns
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Joined: 26 Nov 2009
Posts: 206
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| Post: #800 Posted: Sat Dec 18, 2010 5:47 pm Post subject: |
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Casper,
Please look at the chart of STER, looks like an cup and handle.
Comment.
regards
Vishy
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vishytns
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Posts: 206
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| Post: #801 Posted: Sat Dec 18, 2010 5:56 pm Post subject: |
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Casper,
Please look at the chart of TCS. Again cup and handle formation as in Infosys. Please comments and specify the target
Vishy
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #802 Posted: Sat Dec 18, 2010 6:00 pm Post subject: |
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casper sorry to enter in this forum....
suresh sehtty dont forget for any stock ....number 181 and 188....for your information...ster not able to cross this number...similarly u down load from nse website and filter this ...nearest points...u can go short.....with smaller risk.... if it crosses.... then buy for delivery picks.... in my radar now ADSL ...Godrej indu... Polaris... infinitie...hmvl...mothers& sumi..mayatas..choladbs...central bank....like this....
like this more numbers are there... so for i found some numbers only
once its over it will come .....upto that each and every number just note it in a note pad....intra day its very diff ..u can trade but not to carry.. .u have to watch in front of the system....but eod ....these numbers are going to be famous....in coming days.....crosses and closes above this take delivery...so last 20 min u have to watch this type of numbers...filter and put it in your screen....with volume if it crosses then fantastic.....for u i am saying each and every one knows head shoulder...double top ...rsi esi macd...try then new ...fine tune it..... all the best........
bye
veeru
chennai boy
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casper
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Joined: 02 Oct 2010
Posts: 1315
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| Post: #803 Posted: Sat Dec 18, 2010 7:12 pm Post subject: |
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today our little brother rakesh, ichart id MEASOLDIER, is going to join his ship INS TRISHUL, for his regular voyage duty.i am sure that he is very dear and near to all of us. we are proud of him and at the same time, we will miss him here also.i wish him happy, safe journey and safe return as soon as possible.
its my request to any reader of this post who might want to wish him a safe and sound journey plz come forward and write a few lines, after all people like rakesh risk their lives for people like us
attached picture is the ins trishul as it appear in postal stamps
ST SIR/PT SIR, I AM SORRY THAT I AM POSTING SOME THING WHICH IS NOT RELEVANT TO THE MARKET, I HOPE U WILL EXCUSE ME FOR THIS VIOLATION
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #804 Posted: Sun Dec 19, 2010 12:38 pm Post subject: |
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rakesh bhai,
all the best for your journey. come home safe.
rgds
ravee
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #805 Posted: Sun Dec 19, 2010 6:56 pm Post subject: |
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hi vishy, sorry for late. i was too busy all the day
here are the results
1.renuka= a.t and inverse h/s is all the same for me as both of them are bullish in nature, we can take a.t or inv.h/s whatever we like, target is 95 atleast
2.tcs= target 1200 atleast
3.ster =a cup and handle formation in 60 min tf also. we can buy it on a break out for a target of 180.185
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #806 Posted: Sun Dec 19, 2010 7:06 pm Post subject: |
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| hi casper,i think i cn c a W formation in d charts of renuka.as such the target seems to b around 110,wat say?in fact all d sugar stocks seem to b forming a W.I WENT THRU D CHARTS AFTER I SAW VEERU BHAIS POST ON SUGAR.
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casper
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Posts: 1315
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| Post: #807 Posted: Sun Dec 19, 2010 7:20 pm Post subject: |
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| ragarwal wrote: | | hi casper,i think i cn c a W formation in d charts of renuka.as such the target seems to b around 110,wat say?in fact all d sugar stocks seem to b forming a W.I WENT THRU D CHARTS AFTER I SAW VEERU BHAIS POST ON SUGAR. |
yes if u see the daily chart of renuka then its is W formation or double bottom, here if u take the real body of the bottoms then ur target is 105 and if u consider the shadows also, then target will be around 110
we were discussing about real time charts only. now see that we get a confirmation of break out from daily charts also. this is the beauty of technical analysis 
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #808 Posted: Sun Dec 19, 2010 7:35 pm Post subject: |
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| if u see bajaj hindustan,i think it has a better chance of moving up.here d move can b upto 140,macd is into buy mode,plz giv ur comments.which is a better pick,bajaj or renuka.
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MANUBINDRA
White Belt
Joined: 12 Dec 2010
Posts: 28
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| Post: #809 Posted: Sun Dec 19, 2010 7:47 pm Post subject: sterlite |
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casper senior,
what are the breakouts level of sterlite?
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #810 Posted: Sun Dec 19, 2010 8:20 pm Post subject: |
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Rakesh Bhai,
Best of Luck, come back safe and meet us again.
We will miss U.
GOD BLESS YOU
VISHAL
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