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Play With Candle Sticks

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  #1  
Old 1st September 2007, 09:39 PM
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Default Play With Candle Sticks

Hai Friends

I Opened This Thread To Learn More About Candles

Stock Name : Radico Cmp 170 Rs

Candle Pattern : White Soldiers 3+ Bullish Hammer

Trend: Bullish

Brearish Trend Channel Changed

Macd : Buy

Support :155/140

Target ====180
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  #2  
Old 1st September 2007, 10:06 PM
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Default Re: Play With Candle Sticks

HI
very goodddddd.
this is the only thread this,,forum was missing,,,hope we all make this ,,thread successfull..
secondly make more .appropriate indications by marking teh candles,,,,and lay stress,, as how the tgts are ,,made...so that the newbiews if u wnat cam clearly and very easily learn,,,,
because what i think candlesticks is the most easy,,,part of technicals analysis,,,and secondly teh chrat paterns

renu
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  #3  
Old 1st September 2007, 10:07 PM
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Default Re: Play With Candle Sticks

dear kindman


thanks for starting the post.....now-a-days, I am re-studying () candlestick pattern......your thread will definitely help me and others...

by the way I am attaching the image with some modification pls take the trouble to explain it?

have a nice day
JB
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  #4  
Old 1st September 2007, 10:29 PM
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Default Re: Play With Candle Sticks

Stock : Adani

Cmp : 344 Rs

Trend : Bullish

Pattern : Bullish Triangle Wedge Break Out

A Big Upword Can Be Expected

Sl: 332/330 Closing

Target : 355/60 If 360 Breaks Then Double Top Breaks Blast
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  #5  
Old 1st September 2007, 10:50 PM
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Default Re: Play With Candle Sticks

Stock : Optocircut
Cmp:450

Trend : Bullish

Candle Pattern: Bullish Engulf ( See The Last Two Candles: Red Candle Is Swallowed By White Or Green)

July 18 /19 Stock Was At 450.. And Jumped From There

Aug 30/31 Stock Having Same Pattern

Jump Can Be Expected

Big Support 420--25 Level

Target : 470/480 Rs
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  #6  
Old 1st September 2007, 10:51 PM
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Default Re: Play With Candle Sticks

Opto Circuit Chart
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  #7  
Old 2nd September 2007, 08:12 AM
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Default Re: Play With Candle Sticks

STOCK NAME

DRAGON FLY DOJI+ BULLISH HAMMER
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  #8  
Old 2nd September 2007, 11:09 AM
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Default Re: Play With Candle Sticks

I think u need to read some more material on what is Double top and whats not.
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  #9  
Old 2nd September 2007, 11:40 AM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by swagat86 View Post
I think u need to read some more material on what is Double top and whats not.

SWAGAT MY DEAR...

WHO IS WRONG?? ME OR YOU??
EXPLANATION OF DOUBLE TOP

For a double top,
prices rise to a certain level and then retreat because the supply outstripped the demand at that level.
If prices rise again to the level at which they retraced before, it is called a double top.
If prices continue to carry through that level, a double top breakout is recognized by our alert system.
The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout

SEE MR SWAGAT DONT EXPECT MORE REPLY FROM ME....
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  #10  
Old 2nd September 2007, 12:32 PM
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Default Re: Play With Candle Sticks

Quote:
Originally Posted by kindman View Post
SWAGAT MY DEAR...

WHO IS WRONG?? ME OR YOU??
EXPLANATION OF DOUBLE TOP

For a double top,
prices rise to a certain level and then retreat because the supply outstripped the demand at that level.
If prices rise again to the level at which they retraced before, it is called a double top.
If prices continue to carry through that level, a double top breakout is recognized by our alert system.
The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout

SEE MR SWAGAT DONT EXPECT MORE REPLY FROM ME....
kindman i think what swagat is pointing out makes sense. A Double top is formed when price reaches the level of previous top and retrace back fom there but in your chart the price has not retraced back from the previous top , instead they have gone straight through it, so that means its a single top and not double top
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