Trading With Chart Pattern

#14
Hi Soumya,
You are right Cipla has broken out of the triangle. Since volume is the only parameter which is a bit negative, I feel a throw back to 225 - 226 is a possibility before a major upmove.

Sankalp
 
#15
kuldeep49 said:
Ashok Leyland and Taj GVK confirmed the pattern yesterday.
hi kuldeep,

sorry, i am not agree with u. The formation is not complete until the previous reaction high is taken out.
For Taj GVK it is 221 & for Ashok Leyland it is 38.

Thanks,
Soumya
 

marcus

Active Member
#17
Soumya SRF dosen't really seem like an inverted head and shoulders, trading academy says the easier the pattern is to spot the more likely the reversal/continuation will occur. Also the volume is not in accordance as per Edwards and Magee. What is your opinion?

PNB was bang on target
 

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