Pattern Trading

winstonn · #31 13th January 2007, 02:59 PM

hi ,

ABB*******Diamond on weekly charts ( i would wait for Diamond failure ,
if it happens, can lead to Big bang )

Bongai Refn***********Cup and handle .....cup is on

( IFCI prior to big move had Cup and handle )

Cochi Ref *********breaked Rising Wedge on weekly charts

IDBI & IDFC & INFOSYS TECH ***********Brodening Triangle on weekly charts

IFCI************long tail on point and figure........Beware!!!!!

MTNL-*************Double Bottom and break of the Between Peak
Weekly chart

ONGC***********Weekly Bear Flag onnnnnn

Suzlon**********Long Rising Wedge on weekly charts breaked

thanxs
winston

rahulg77 · #32 13th January 2007, 03:04 PM

Quote:

Originally Posted by aca_trader

Reliance has broke out of a 10 week long rectangle.
Last leg of the consolidation took shape of an imprefect
Ascending Triangle.

Check out the charts here.

Best Regards,
-Ashish
http://tradingtalks.blogspot.com

Hi Ashish,

Agreed 100% on reliance. even I was eyeing this counter and should give a good move now.

Rgds

Rahul

rahulg77 · #33 13th January 2007, 04:27 PM

Hi Ashish,

Tell me......is there any pattern in which inverted head and shoulders forms at the top/uptrend. If yes does it represent a reversal or a continuation pattern.

Rahul

aca_trader · #34 13th January 2007, 05:04 PM

Quote:

Originally Posted by rahulg77

Hi Ashish,

Tell me......is there any pattern in which inverted head and shoulders forms at the top/uptrend. If yes does it represent a reversal or a continuation pattern.

Rahul

An inverted H&S can form in an uptrend and in such a scenario it works as a continuation pattern.

The essential elements of the pattern remain the same but the target measurement is an issue. It may be more or less than the depth of Head from Neck Line.

Best Regards,
--Ashish
tradingtalks.blogspot.com

aca_trader · #35 13th January 2007, 05:16 PM

Quote:

Originally Posted by winstonn

hi Ashish and all friends,

Nifty forming Ascending triangle on weekly Charts.
Break above 4000 on weekly basis is a good trigger for continued uptrend.

thanxs
winston

Hi Winston!

Thanks for your suggestion. Can you please provide a chart of NIFTY with Ascending Trangle.

Best Regards
-Ashish
http://tradingtalks.blogspot.com/

aca_trader · #36 13th January 2007, 05:32 PM

Quote:

Originally Posted by winstonn

Hi ashish,

here are some patterns:

Chenn Petro********Symmetrical triangle on.....

Bharti Artl********* Ascending trianlge ( upper trendline slightly lowered )
Break Happened

HDFC *********** Symmetrical trianlge ( superb formation on.....)
Big Bang Expected

HLL************* Falling wedge

thanxs
winston

Hi Winston!
Can you please provide the charts alongwith as you have already idenified the patterns. I did try to locate the same but had partial success only.

Best Regards,
--Ashish
http://tradingtalks.blogspot.com

rahulg77 · #37 15th January 2007, 05:59 PM

HI ash,

Chk out CESC. Broken out of a ascending triangle Volumes reduced during the pattern and there was a surge today. is a good buy and first tgt will be 350 levels.

Rgds

Rahul

renu daga · #38 15th January 2007, 07:01 PM

hi..
this ia very good good thread started,,,avoiding technicals,,in searching for patterns in ,,huge no of scripts,,
ANSAL HAS GIVEN ABREAK OUT TODAY,,,,15/01/07
AND NIFTY GIVENA BRAEK OUT,,,AT 4045..THE FORMER HIGH,,AND THUS FORMING AASCENDING TRIANGLE,,,EVERYBODY PLSSSSSS CHECK THIS OUT,,AND NOW SEE WHAT AGOOD RUN WE CAN GET,,,,,,,,,,300 POINTS,,

AM I RGT OR NOT,,

renu daga · #39 15th January 2007, 07:19 PM

HI ASHISH...
i ahve seen ur workout in ur bolgspot,,,good work,,,,,and consuming time too,,and attention,,,rgt now ,,,i want the list of shares..frontliners.....which are either in an ascending triangle(have just taken breakout..or waiting for one)..and second,,,for consolidation pattern,,waiting for upward,,breakout,,,

can u,,,,,,,,
renu

rahulg77 · #40 15th January 2007, 11:19 PM

HI Ash,

ACC has a small double bottom formation that it is about to break. It is easier noticed in the F&O chart of january expiry.

Rgds

Rahul

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