iCharts Discussions

hermish9999 · White Belt Joined: 01 Sep 2007 Posts: 9

hi,
AXIS BANK invert head & shoulder made on WEEKLY chart.
check out chart & reply your views.
target should be 1150-1220-1325-50(medium term) SL 775.

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solanki · White Belt Joined: 12 Feb 2007 Posts: 155

sir ji your axis bank chart is daily chart where is weekly chart?

ipakrashi · White Belt Joined: 09 Jul 2009 Posts: 16

hi Hesh,

your assumption is correct about the invert head and shoulder but the marking of the H&S pattern is i believe wrong. Invert H&S pattern has been formed more recently .. towards the right side of your marking, and i am not sure of the calculation of your levels, cos you have not provided any basis of that, If in case you are using fibonacci to calculate future levels, I would suggest that you read up the H&S pattern and calculate on the basis of the laid down accepted principle of calculation through chart. (You need to look up cos then only you will learn it yourself).

Regards
Neil

SwingTrader · Posted: Mon Jul 27, 2009 10:34 pm Post subject:

hermish9999,

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