|
|
| Discuss Itc , Double Top .. A Dangerous Sign Ahead... at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; DEAR FRIENDS ,.. This stock was in my watch list since past so many days... ... |
|
|||||||
| Notices |
| Technical Analysis Discussion of all the principles involved in technical analysis. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
7th January 2007, 08:59 PM
|
|||
|
|||
Itc , Double Top .. A Dangerous Sign Ahead...
DEAR FRIENDS ,..
This stock was in my watch list since past so many days... I think worst is not over yet with this stock. A double top has been formed ,.. On friday it has given the Pattern Confirmation breaching the support line... Now , target for this stock ( future ) is 156 .. still 10 rs more???? And dont forget its a Heavy Weight ..... Hind Lever is also not so strong... Experts comments please... Regards,.. Darsh 
|
|
#2
7th January 2007, 10:24 PM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Hi Darsh,
Excellent work!!!! this must be one of the highest winning probability trade!!!!!! keep it up. But, for HLL the long traingle deveploping has not given beakout on downside. So be cautious on the weekness. thanx winston
|
|
#3
7th January 2007, 10:52 PM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Oh yeah, its going down with large rise in oi. Lot of shorts are built. If the mkt goes up during end of this month, there can be lot of covering and it may rise then. Till then, ride the wave, shorted at 181.
|
|
#4
8th January 2007, 01:09 AM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Quote:
Though I am no expert, I would like to put my comments on the chart. While I do not disagree with he bearish outlook of ITC projected by you; IMHO, the pattern should not be identified as a double top. A Double top is a bearish reversal trend. Thus, by its very nature, a Double top can form only after the stock has been in an uptrend. Afterall, there must be something to be reversed. As ITC is in a downtrend on daily charts, the pivots/pattern should not have been identified as "Double Top". Best Regards, --Ashish http://tradingtalks.blogspot.com.
|
|
#5
8th January 2007, 09:27 AM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Quote:
Absolultely ! If anyone can post a good one yr chart of ITC , it will be clear Thx Ashish
|
|
#6
8th January 2007, 09:39 AM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Aca ' s right a double TOP as the name says would come at the top of an uptrend and not after a slide.
Regds
|
|
#7
8th January 2007, 09:54 AM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
Quote:
Maybe we should look for a double bottom signalling the end of the secondary downtrend AGILENT
|
|
#9
8th January 2007, 01:26 PM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
you guys are right...it may not a double top for itc...look at weekly chart...a trading range emerges...pls give ur views...i am mostly an options trader...not an expert in TA
|
|
#10
8th January 2007, 05:54 PM
|
|||
|
|||
|
Re: Itc , Double Top .. A Dangerous Sign Ahead...
You 're right about the ranging part ,beginner-av.
Well , yes agilent. I guess we got to look for some sort of bottoming sign whatever that may turn out to be.
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Itc , Double Top .. A Dangerous Sign Ahead...
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Is Daytrading dangerous? | pksam | Risk & Money Management | 316 | 24th March 2008 08:56 PM |
| about double brokerage | c_pavan | Brokers & Demat Matters | 7 | 9th November 2006 01:31 PM |
| kotak sec.-double brokerage | c_pavan | Investors Grieviences | 0 | 1st November 2006 10:10 PM |
| Godrej, Malaysian co sign MoU for palm plantation | Robbie | Commodities | 0 | 25th September 2006 09:21 AM |
| Double Tops | sbn021 | Technical Analysis | 4 | 8th April 2005 01:35 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
