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Spike and Channel |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #61  Posted: Thu Oct 10, 2013 2:27 pm Post subject: |
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| exited Mcleod at 374 Rs 2 loss.....could not clear overhead resistance at 276....which was visible in higher time frame chart....hindsight...and past the time...[net result 9 out of 10] |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #62 Posted: Thu Oct 10, 2013 2:34 pm Post subject: |
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infy looks a good candidate now.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #63 Posted: Thu Oct 10, 2013 2:37 pm Post subject: |
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| on larger time frames may be Infy but not confident at all.....many might have taken iron condors - net credit spread there though......always wrong on IT stocks i am.. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #64 Posted: Tue Oct 15, 2013 9:33 am Post subject: |
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| hindalco may form the pattern today lets see. h ave bought one lot...otherwise also at supports |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #65 Posted: Tue Oct 15, 2013 9:50 am Post subject: |
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| squared off at 1.5 profit for booking first profit for the day. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #66 Posted: Tue Oct 15, 2013 3:23 pm Post subject: |
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| see the "power" of pattern...again neglected the downtrend and formed later in the day [10/11]...Hindalco |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #67 Posted: Thu Oct 17, 2013 1:52 pm Post subject: |
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| posted in read the line thread of bullishness for Bharti and ITC yesterday.....both have held out and gained today against the trend ......bharti formed spike and channel today and traded profitably [11/12]...itc could not trade...bharti formed this pattern over 4-5 days time frame also.... |
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reachchirag
White Belt
Joined: 28 Nov 2012
Posts: 102
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| Post: #68 Posted: Thu Oct 17, 2013 1:54 pm Post subject: BHEL |
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Hi amitagg,
Any views on BHEL??
Thanks! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #69 Posted: Thu Oct 17, 2013 2:21 pm Post subject: |
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| not seen, not the pattern though |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #70 Posted: Thu Oct 17, 2013 4:24 pm Post subject: |
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| chart of bharti attached.....it was again the pattern movement defying Nifty.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #71 Posted: Fri Oct 18, 2013 11:40 am Post subject: |
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| LICHSGFIN is spike and channel ..target 206 f min / resistance 206 spot. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #72 Posted: Fri Oct 18, 2013 1:50 pm Post subject: |
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bought SBI at 1670 F......SL 1645 F....target 1695
its not classic spike and channel but above 1648 is has trapped shorts ..... |
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reachchirag
White Belt
Joined: 28 Nov 2012
Posts: 102
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| Post: #73 Posted: Mon Oct 21, 2013 1:17 pm Post subject: Coal India |
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Coal India Spike & Channel...
Correct me if I am wrong, but I believe it can be bought with a SL of 287??
Is this right @amitagg ?? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #74 Posted: Mon Oct 21, 2013 2:58 pm Post subject: |
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| no spike for coal...however can be bought with stop at 378-383 for target 396-398....i recd a buy recommendation from a brokerage house just 5 minutes prior to your post....this is not my recommendation |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #75 Posted: Mon Oct 21, 2013 3:19 pm Post subject: |
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| there is a working spike and channel in Century and has broken out...just for information.....this is "not" my trading pattern since late formation but may be tradeable still....dlf also looking same pattern...some upsides left in both |
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