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IFCI......What Is This Pattern?!

 
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Author IFCI......What Is This Pattern?!
rk_a2003
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Joined: 21 Jan 2010
Posts: 2734

Post: #1   PostPosted: Fri Aug 24, 2012 7:19 pm    Post subject: IFCI......What Is This Pattern?! Reply with quote

We read about Symetrical,Ascending&Descending Triangles which are considered to be continuation patterns. Here we see another triangle which appears to be an Equilateral and also a continuation pattern.

Giving a clear target which lands at next available support area zone in the charts. What a coincidence!

Don't think that I am making a theory.Just food for thought.



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vinay28
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Joined: 24 Dec 2010
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Post: #2   PostPosted: Fri Aug 24, 2012 7:48 pm    Post subject: Reply with quote

I don't know whether your theory is correct but target is ..... may be a bit lower also
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amitkbaid1008
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Joined: 04 Mar 2009
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Post: #3   PostPosted: Fri Aug 24, 2012 10:08 pm    Post subject: Reply with quote

I think Veera and RR sir may comment on this
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ravionlinek
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Post: #4   PostPosted: Sun Aug 26, 2012 5:24 pm    Post subject: Pyramid Trading Points Reply with quote

just search these word in Google """Pyramid Trading Points"""
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rk_a2003
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Post: #5   PostPosted: Sat Sep 01, 2012 4:19 pm    Post subject: Reply with quote

The target price 25 is almost reached on Intraday basis.
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