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CHARTS & PATTERNS |
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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Post: #1  Posted: Mon Feb 21, 2011 7:22 pm Post subject: CHARTS & PATTERNS |
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Nifty is forming a possible H&S pattern on hourly chart. A breakout above 5600 will confirm the pattern and Nifty can TGT approx 5900 NS.
Keep patience and be on the alert until then.
SHEKHAR
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Last edited by shekharinvest on Mon Aug 29, 2011 8:19 pm; edited 1 time in total |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #2 Posted: Mon Feb 21, 2011 7:36 pm Post subject: |
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Shekhar Sir,
I am using basic charts and i dont get data for volumes on nifty.
I would like to learn How can we evaluate the volume aspect of h&s or triangles?
Can any indicator be used as a substitute of volume.
thanks and regards
ravee
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trades4girish
White Belt
Joined: 10 Jul 2009
Posts: 22
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #4 Posted: Tue Feb 22, 2011 1:03 pm Post subject: |
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Ravee,
I have not seen vol. on NS intra charts. Although, it is available on NSE TAMe but the Intra chart itslef is only for current day.
http://www.nseindia.com/ChartApp/install/charts/mainpage.jsp
Probably, PT could be of some help. If possible they could have already made available. 
Girish,
It does not looks like C&H the cup part should have a rounding bottom kind of formation over a period of time, where as here we have a sharp/vertical fall prior to bottom formation.
Do give importance to volume also as ravee has pointed out.
SHEKHAR
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #5 Posted: Wed Feb 23, 2011 6:56 pm Post subject: Bank India |
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Hi
A case of classic confluence as well as IHNS
Regards,
JJM 
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #7 Posted: Sat Jul 23, 2011 9:31 am Post subject: |
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| shekharinvest wrote: | | WISHFUL THINKING !!! |
 flag n pole 
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #8 Posted: Sat Jul 23, 2011 10:04 am Post subject: On the Right Track |
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| Shekharinvest is on the right track - pending breakout from the flag formation
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #9 Posted: Sat Jul 23, 2011 11:33 am Post subject: |
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| shekharinvest wrote: | | WISHFUL THINKING !!! |
shekharinvest thanks for the chart i do agree with your views
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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marne.vivek
White Belt
Joined: 11 Apr 2008
Posts: 244
Location: Pune / Mumbai
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| Post: #11 Posted: Sat Jul 23, 2011 12:20 pm Post subject: NIFTY Breakout |
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Nifty does not seems to sport a FLAG..
Rather a triangle / slanting inverted Head and Shoulder and also a Normal head and Shoulder, which is plastered across all the blogs following Nifty.
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_________________
Vivek |
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #12 Posted: Mon Aug 29, 2011 8:37 pm Post subject: |
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With new found interest in Elliot waves I have placed wave counts as per my understanding.
Chart 1 gives a larger perspective and the Chart 2 details the correction.
I request fellow boarders who follow EW ( I know there are quite a few who are good at counts ) to kindly evaluate the charts and comment.
Charts are HINDALCO EOD 26/08/2011
SHEKHAR
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vimalmehta
White Belt
Joined: 07 Apr 2009
Posts: 20
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| Post: #13 Posted: Mon Sep 19, 2011 1:23 pm Post subject: NIFTY 2 YEAR WAVE COUNT. |
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This is how i view the nifty count currently. A cycle wave triple zigzag in the making. I would have thought that a double zigzag at the November 2010 top would be sufficient for Cycle wave B, But the subsequent market correction for 9 months has been a clear ABC with wave B as a triangle. Lot of Bad news and bearish sentiment overall right now, i can't see the market going down further at this point in time. In fact the time is right for a ripping rally any time in the next 20-30 days.
Don't get embedded to scenarios, though.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #14 Posted: Mon Sep 19, 2011 2:07 pm Post subject: |
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vimal, don't come and go like a comet 
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vimalmehta
White Belt
Joined: 07 Apr 2009
Posts: 20
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| Post: #15 Posted: Mon Sep 19, 2011 4:28 pm Post subject: |
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| vinay28 wrote: | | vimal, don't come and go like a comet |
LOL Sorry I'll stick around
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