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| Discuss Pattern Trading at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; i could have shown u the chrt but unable to attach,,its showing error..there is 400 ... |
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#51
18th January 2007, 08:39 PM
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Re: Pattern Trading
i could have shown u the chrt but unable to attach,,its showing error..there is 400 point,,,triangle..
renu 
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#52
18th January 2007, 09:42 PM
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Re: Pattern Trading
Quote:
Best Regards, --Ashish http://trasingtalks.blogspot.com
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#53
19th January 2007, 02:37 AM
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Re: Pattern Trading
Consolidation on the top boundary, extending to the apex, adding credence to the Sensex ascending triangle.
Hoping for a good upmove from here on. First fibo tgt for an intermediate top (14142) achieved Next one should be 14607. Any downturn from higher levels should find good support at 14070 lvls. Regards, Kalyan.
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#54
19th January 2007, 09:51 AM
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Re: Pattern Trading
Quote:
Download-Link #1:http://**********.com/files/12347986/nifty.png.html see the nifty chart renu
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#55
20th January 2007, 12:33 AM
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Re: Pattern Trading
Hi Ashish,
I am a rookie. It seems MTNL has made a break out from side way movement today. Can you confirm. Regards Dhana
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#56
20th January 2007, 08:08 AM
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Re: Pattern Trading
Quote:
You are right that MTNL has broken out of the small consolidation on daily charts. Chart Attached. Best Regrds, --Ashish
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#57
20th January 2007, 11:23 AM
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Re: Pattern Trading
hi ashish
thx for the names , another suggestion would be that is it possible that others can also upload charts(of course u get to review first) , reason being i cannot make myself start another blog . but i would like to discuss and learn from ppl like u. actually patterns may or may not be work out as we anticipate (until they are proven, right) awaiting ur reply regards
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#58
20th January 2007, 04:09 PM
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Re: Pattern Trading
Hi Ashish,
Thanks for that chart. I was not knowing how to form patterns. I thought this was a buying opportunity (as this also the highest after 2006 crash). With your pattern , I could see symmetrical triangle pattern. My understanding is that if symmetrical triangle break out happen, the target is height of the triangle. It was good only for yesterday. Is my underatanding right Ashish. Best Regards Dhana
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#59
20th January 2007, 06:54 PM
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Re: Pattern Trading
Quote:
Always a pleasure to improve upon. You are most welcome to post the charts as we learn from each-other only by discussing issues. On blogger, there is a provision for commenting on the posts. Can you please check if it allows posting of charts as well or if you can suggest some alternative way? If yes, I will be most willing to have them on the blog and discuss a different perspective without any moderation. :-) Best Regards, --Ashish tradingtalks.blogspot.com
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#60
20th January 2007, 07:40 PM
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Re: Pattern Trading
Quote:
You are right about the symmetrical triangle target. But this is usually the minimum and not maximum target. The stock is trending finely, has earlier given positive signals on a number of indicators, the trendline is intact & it has crossed 6-month long resistence line; hence one can still enter the stock with good MM principles. As the previous pivotal high was at 166, you can enter the stock at 167 with SL at 160. The only point of concern is that RSI is in Overbought Zone but in a bull run the stock may remain in OB zone for long periods of time. Best Regards, --Ashish Last edited by aca_trader; 20th January 2007 at 08:01 PM.
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