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| Discuss Technical trades-Q&A at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Traderji, Is that an ascending triangle forming on the daily chart of ITC?If so,is ... |
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#1
31st August 2004, 01:40 PM
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Technical trades-Q&A
Hi Traderji,
Is that an ascending triangle forming on the daily chart of ITC?If so,is it worth a shot on a breakout.....and what should be the target areas? Thanx Saint Last edited by Saint; 31st August 2004 at 03:57 PM. 
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#2
31st August 2004, 04:52 PM
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Trading Technical Analysis of ITC
Very observent saint,
ITC is indeed forming a small contracting triangle or pennant pattern (one of my favourite trading pattern). Generally sharp explosive moves arise out of such patterns. You can read more on this pattern in my post here. Please see tha attached chart for my comments/trading signal.
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#3
31st August 2004, 08:03 PM
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Re: Trading Technical Analysis of ITC
Traderji,
Thanx for the reply on ITC,and the education on the pennant pattern.There's a lot we learn from you daily.........thanx again! Saint
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#6
9th September 2004, 12:39 PM
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Re: Trading Technical Analysis of ITC
Quote:
It's always great to hear and get some feedback from you all!
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#8
10th September 2004, 08:04 AM
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Re: Trading Technical Analysis of ITC
Quote:
ITC did indeed go up to 1098.00 yesterday, therefore I would book profits for the short term and wait for a pullback to the 1050 levels before considering to BUY ITC again.
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#10
24th September 2004, 10:55 AM
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Broadening Formation in Wipro
Looks like a broadening formation forming in Wipro 60min charts.....usually happens in peaks rather than troughs.A decline below the lower trendline will be a huge move down.....If this fails and breaks the upper trendline,will be a huge move up.......Interesting!!
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Re: Trading Technical Analysis of ITC
