Auto Ind ---Head $ Sh buy triggered

Hello friends,

See the chart below:

AutoInd.
Time frame: Daily.

Technicals:
1)Inverse H$S neckline breaked.
2)Hence Ross Hook Formed.
3)This Ross Hook breaked yesterday.
4) Tried to pierce 200EMA, failed, than 2nd time did it with good volumes.

Buy levels:
Buy around 220 zone.

Stop : below 190 on closing basis.

Target: 360 ( hey this target is not based on typical HS )

See ya,
Winston

Hey thnx Winston ,,, will keep a tab on this one ,, mirc elec was very good , hope this one also does well ,, hey btw I read somewhere that u do technicals with ur college studies , thats very impressive ,,,, hey btw im doing my final year chartered accountancy and am interested in learning technical analysis ,,, any book that u could suggest for starters ,,, thnx

hi,
as a start , you can read very basic book:
1) Timing Market by Curtis Arnold

then go for:

2)technical analysis of stock trends by Robert Edwards and John Magee

3) Marting Pring

4) Joe Ross ( google it to download)

these all will be avery good start.

Seeya

Thnx Winston

Winstonn,

Thanks a lot for your books...

Cheers,
Nagendra