iCharts Discussions

[anantha]

is this valid cup and handle formation if it cross 670 seniors pls comment on this. or head and shoulder pattern?

[anantha]

is this valid triangle? then what next? experts explain it

[casper]

hi anatha ji

it looks like one, but see the hollowness of the pattern...

if we find some thing more "compact" like each of the trendlines are nicely touching at least 3 highs/lows the the situation will be more robust one


by the way of ur placement of trend lines, its okey, but according to my little knowledge , its only "okey"

[anantha]

"okey" something doubt about this word. Pls explain how the trendlines react. It will more useful for the beginers. Anyhow thanks for your reply.

[casper]

plz check here
http://www.icharts.in/forum/a-laymans-approach-to-break-out-and-break-down-t2878.html

hundreds of examples are there, if u need specific information about identifications, see the early pages for description

if u hv any specific doubts, plz tell me

[anantha]

thx caper pls continue laymans forum its an amazing ta forum

[casper]

hi anatha ji

in my thread, i hv replied ur query about trend lines, here is the link

http://www.icharts.in/forum/viewtopic.php?t=2878

[anantha]

what next? it is break the line or? how to deal with it? experts pls comment on this chart

[casper]

to go long, wait for a green candle ABOVE that tl wid good vol[ ur chart has no vol histogram.... its important tool]

to go short, wait for strong bearish reversal candlestick or - div in rsi around that tl


use every previous top as ur potential targets for long

use every previous bottoms as ur potential target for short

[why asking whats next? any one's guess is as good as urs... so better do it ]

[anantha]

HI Casperji thanks once again. WHAT NEXT? is the topic for new commer how to handle this stock. and whats the angle of experts view. also u note (in this stock - div in rsi around that tl
[ ur chart has no vol histogram.... its important tool] ) these views are only for ta. So new commers may got it

[casper]

hii ananathaji


yes brother i know




but i have 3rd class habit of making jokes almost every time, u see, our job gets so boring some time, thats why wrote that sentence in bracket


plz dont mind and plz carry on posting

[vinay28]

[anantha]

nearly 2 months of consolidated the scrip now jump very fast. i set 34ema line as stoploss. Is this correct pls expert comment on this

[anantha]

MRPL is this the same way of M&M? also in veeruji's number of 63

[casper]

hi anantha ji

plz check the chart i posted, for me its a smaller symmetrical triangle (st)

which is a neutral pattern and as there is no divergence in rsi, we are not in a position to bet about its direction

now this should be broken with good volume to provide us some guidance, and i believe, after breaking this, it will decide the future course of the stock