Hindalco moving down-Buying Target please.

#1
Had to come down, since it had a bearish engulf on the 28-Jul-2006 at 165.

I am planning to buy at 151 (or below first) and then near 141.

Can anyone suggest a more researched view please.


Please refer to the charts...

Manoj
 
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#3
ping_manoj said:
Had to come down, since it had a bearish engulf on the 28-Jul-2006 at 165.

I am planning to buy at 151 (or below first) and then near 141.

Can anyone suggest a more researched view please.


Please refer to the charts...

Manoj
What about the 3 black crows after that ... listen to what they tell you!
 
#6
ping_manoj said:
Hi kuldeep,

Can you please elaborate on the black crows...

Thanks in Advance

MANOJ
Fabonacci has spoken. Here is what 3 black crows imply.

The identifying conditions are:

1. Three consecutive black days with lower closes each day.

2. Each day opens within the body of the previous day.

This pattern signals a trend reversal.

Have attached a picture.
 

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#7
kuldeep49 said:
Fabonacci has spoken. Here is what 3 black crows imply.

The identifying conditions are:

1. Three consecutive black days with lower closes each day.

2. Each day opens within the body of the previous day.

This pattern signals a trend reversal.

Have attached a picture.

Will it go up tommorow, after 3 black crows ?

Thanks
Munit
 
#8
ping_manoj said:
Hi kuldeep,

Can you please elaborate on the black crows...

Thanks in Advance

MANOJ
Hi! Manoj,

Following is a link that may help you:
http://stockcharts.com/education/ChartAnalysis/candlesticks.html

Please go to the bottom of the page. The last diagram explains about 3 black crows.

A couple of queries ...
1) What is the "technical analysis" software that you use. I just love the charts that you have posted.

2) Can you please PM me the link for the website website that filters out patterns.

3) Your "Speed Of Trend"(SOT) indicator seems interesting. Is it possible to please share some more information on the same.

Once the stocks have been filtered by the website, how do you feed in the data in the "Speed Of Trend"(SOT) indicator. Any information that you can provide would be helpful.

Can we use it too / Can you share the same with us.

Thanks & regards,
Amit
 

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