iCharts Discussions

[umesh1]

[Rahulsharmaat]

Atleast i know how to behave--- thats my background--- people have to learn--decency

[Rahulsharmaat]

U better know what is langot statergy-- u are Fan of it --that shows what u are

[svkum]

sumesh ,
IN both the charts you have posted
1) you should seek for APF ,after confirming there is chsnge in trend , with formation of new trendline
2) change in trendline can be seen by trendline drawing with break, also it can be confirmed by macd cross.
or any other suitable method
3)major trends and chang in trends would give more correct results ,rather than smaller trends
4) pitchfork , 3 lines , as upper , median, and lower lines would act as support resistance line, tgt along with median lines may reach , or may not , but that can act as resistance, in some cases that can also be surpassed to touch/cross upper line also.
so while taking position one can treat support /resistance , with proper sl .

[svkum]

UMESH1, rahul,

I AM AFRAID , WITH THIS TYPE OF DIRTY FIGHTS , arsing out of my detergent better than yours type, that icharts admin shd not cut short this thread started by me , i dont want untimely abortion for this.

so pl help me .

[hasten]

[sumesh_sol]

RELIANCE..15tf
============

Dear svkum sir / Hasten bhai,

Please pardon me if my apf understanding is wrong in the attached chart... I request you to please correct me wherever I'm wrong, this will help many others are trying to understand this very effective yet tricky method of drawing proper PFs. Why I'm saying tricky is like other patterns based system, individual perception of apf may produce different results..

Anyways, based on feedback I recvd. from svkum sir and hasten , I have tried to draw APF for reliance on 15tf...As you can see there was a break of DTL on longer time period, so I feel a PF can be drawn..

Now, If this is correct, can you please explain Entry & Exit with their logic ?
Also, Is it that since we are in uptrend(hence upward pitchfork), we should only look for Long ?

Regards,
Sumesh

[chetan83]

Dear SVKum ji,

My 1st post on your thread. Please enlighten us with the reading of PFC-1M,
Is the APF drawn correct, what r the target we can look for....it is trading abv weekly pivot tough.

Chetan.

[jaisree.a]

SVKUM sir,
I find ur threads (APF & BB 10) very interesting and simple to understand and very helpful. It really takes a big heart to share such techniques with others. In tat way the experts in tis site are really great. Thank You All for sharing it on the forum.

[hasten]

oh ho ...surprised to see sudden breakout in the interest in this thread ...



Regards, hasten



Champions are not Supernatural. They just fight one more second when everyone else quits.

[chetan83]

[svkum]

chetan,

yes , what you have drawn is correct (pl connect exactly low and top of trendline and draw a median line from earlie majorr top or low (whichever the cas) also draw parrellel to ML from high and low point , to show upper line and lower line ,
in case of this chart ,change of trend is confirmed after bb break, then ML wd act as support and then lower line as 2nd support. it has shown bounce from lower line , moving towards ML again .

[svkum]

Reliance chart 15 tf

sumesh , i am giving ril chart 15 tf ,
as you can see stock has moved towards the ML, and afterwards also it has not changed the trend, and moving towards upperline.(may touch 745 )
now support line is ML , and upper line can be treated as resistance line .

[chetan83]

[hasten]

yesterday i have posted chart is 15 min but because of my typing mistake i have mentioned 30min on chart.........so please ignore that ......Thanks Vikram to tell my mistake ....



Regards, hasten



Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.