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TRADING CUP AND HANDLE IN ALL TF'S |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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Post: #1  Posted: Thu Dec 06, 2012 11:19 pm Post subject: TRADING CUP AND HANDLE IN ALL TF'S |
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Just spotted out>>
Ashok Leyland 2 hrs - 1m chart>>
cmp - 28.45, sl - 27.10, min target - 31.40....lets see  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #2 Posted: Fri Dec 07, 2012 10:36 am Post subject: |
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Hi Chetan
Want your opinion on Nifty charts all TFs intraday, formed CnH
Thanks |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #3 Posted: Fri Dec 07, 2012 10:28 pm Post subject: |
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| saumya12 wrote: | Hi Chetan
Want your opinion on Nifty charts all TFs intraday, formed CnH
Thanks |
Hi Saumya,
Just saw ur msg, as i am out of trading since last week due to personal work.
Well, yes there are CnH formation in nifty chart and moreover the larger picture is seen on monthly chart where an all time high is awaited abv 6360...but that high may be 6800++ can be seen only after this year 
But yes, for the validity of monthly CnH the low of 4530 should not be breached (No one will keep a SL of 4530 for NF long  )
Still I am optimist that before Christmas we should make a new high and lets see how things work based upon such assumptions. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4 Posted: Sat Dec 08, 2012 11:48 am Post subject: |
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"Still I am optimist that before Christmas we should make a new high and lets see how things work based upon such assumptions."
Chetan, I presume by new high you mean above yesterday's high of about 5950. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #5 Posted: Sat Dec 08, 2012 1:31 pm Post subject: |
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| vinay28 wrote: | "Still I am optimist that before Christmas we should make a new high and lets see how things work based upon such assumptions."
Chetan, I presume by new high you mean above yesterday's high of about 5950. |
Hi Vinay,
Frankly speaking trading abv 5950 and closing below that can also be termed as making new high
But I assume that that we must surpass 6030/40 (spot) and close abv that weekly. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #6 Posted: Sun Dec 09, 2012 11:55 am Post subject: |
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| Thanks Chetan for your analysis on CnH. |
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