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Wedges and Rectangles |
parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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Post: #1  Posted: Sun Sep 08, 2013 10:00 am Post subject: Wedges and Rectangles |
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| Infy in a falling wedge in 15 tf ..upper band at 3058 - lower support at 2973 |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #2 Posted: Sun Sep 08, 2013 10:08 am Post subject: |
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| JP Assoc in a rising wedge in 60 tf - upper band at 39.35 - lower band at 36.350.... 5 rs move possible . |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #3 Posted: Sun Sep 08, 2013 1:56 pm Post subject: |
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| parm1 wrote: | | JP Assoc in a rising wedge in 60 tf - upper band at 39.35 - lower band at 36.350.... 5 rs move possible . |
Please explain with the help of a chart, the rising wedge and the band you are talking of.
Thanks |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #4 Posted: Sun Mar 09, 2014 6:17 pm Post subject: |
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| Contra view.. NF has formed a hanging man pattern with lower end at 5620 on weekly charts . |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #5 Posted: Mon Mar 17, 2014 1:10 pm Post subject: |
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Yes Bank has formed doji on EOD charts as well C&H pattern on 15TF.
ICICI Bank has found support at 1181-1188 on three occassions on EOD levels ..
coming week can be banks week ..lets see  |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #6 Posted: Tue Mar 18, 2014 11:02 pm Post subject: |
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Yes Bank confirmed C&H pattern .If able to sustain 365 can target 370
NF for 19th shd hold 6530 for target 6600+ |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #7 Posted: Sun Mar 23, 2014 11:46 am Post subject: |
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Although double top on weekly charts for NF , but NF in falling wedge BO range 6497 -6533.
ICICI bank also forming falling wedge - range 1188-1209 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #8 Posted: Sun Mar 23, 2014 5:20 pm Post subject: |
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| Good point...the falling wedge can continue until the trendline breaks above....shorts can be "induced and trapped" till 6515 (gap area) to 6460...and then stirred "up" above 6530 in one go......coupled with break of wedge.... |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #9 Posted: Mon Mar 24, 2014 9:26 am Post subject: |
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Although double top on weekly charts for NF , but NF in falling wedge BO range 6497 -6533.
ICICI bank also forming falling wedge - range 1188-1209.
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #10 Posted: Sat Mar 29, 2014 12:01 pm Post subject: |
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NF in rising wedge..range 6745-6702/6695..
Monday might be mild profit booking before RBI policy.
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #11 Posted: Sun Mar 30, 2014 12:53 pm Post subject: |
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| Infy in falling wedge range 3214-3298..above 3298 might test the GAP , but will depend on results in April . |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #12 Posted: Mon Mar 31, 2014 4:50 pm Post subject: |
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| parm1 wrote: | NF in rising wedge..range 6745-6702/6695..
Monday might be mild profit booking before RBI policy.
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NF is holding 6702/6695 support line , hope RBI policy keeps its firm.
DLF among rate sensitive might give a BO - range 173-180 post policy. |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #13 Posted: Fri May 02, 2014 8:02 am Post subject: |
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| Infy in a falling wedge and in NR ... have double bottom at 3171 if it holds today. |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #14 Posted: Wed Jul 02, 2014 10:26 pm Post subject: |
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| REL CAPITAL forming a rising wedge with falling volumes on EOD charts .. |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #15 Posted: Wed Jul 09, 2014 8:31 am Post subject: |
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| HLL in a falling wedge , BO range 615-632,35 ... target 40-45 points , doji on EOD charts . |
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