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PETLNG........BREAKOUT |
Luckytrader
White Belt
Joined: 14 Apr 2007
Posts: 12
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Post: #1  Posted: Thu May 03, 2007 7:25 pm Post subject: PETLNG........BREAKOUT |
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Hi
There is a Descending Triangle on Petronet.....
Break-out upward with increase in volumes.
Comments/views are always welcome.
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krjaya55
White Belt
Joined: 28 Oct 2006
Posts: 1
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| Post: #2 Posted: Fri May 04, 2007 2:51 pm Post subject: lng petronet |
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as of now there is no change in the price over yesterday close. with the decending triangle do u expect a positive breakout.U may try with paraboic sar, rSI, MACD COMBINAION also. 
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Luckytrader
White Belt
Joined: 14 Apr 2007
Posts: 12
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| Post: #3 Posted: Sun May 06, 2007 8:10 pm Post subject: |
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thanks...
I will wait for volume to increase more ,then i will enter...
With sl around 45.
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #4 Posted: Sun May 06, 2007 8:32 pm Post subject: Very nice pattern breakout |
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Hi
Delighted to see the pattern. Good to long I suppose.
Regards
C T R
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Luckytrader
White Belt
Joined: 14 Apr 2007
Posts: 12
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| Post: #5 Posted: Fri May 11, 2007 8:07 pm Post subject: |
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Not yet took position..
the pattern looks to be failed one....
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insider
White Belt
Joined: 13 May 2007
Posts: 4
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| Post: #6 Posted: Sun May 13, 2007 11:30 am Post subject: |
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| it is looking ok on very small time frame charts see it in weekl patterns looking not so gud.40 is the key level has some base there
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Luckytrader
White Belt
Joined: 14 Apr 2007
Posts: 12
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| Post: #7 Posted: Fri May 18, 2007 2:41 pm Post subject: |
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Well it was good one..
Target achieved 52 on 15th may.
Cheers
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