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| Discuss Is this a Head and Shoulders Pattern at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I am new to TA, started a few months back. I would like to ... |
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#1
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Hi,
I am new to TA, started a few months back. I would like to get guidance from senior members in my analysis of charts. I found suzlon making a pattern which to me appeared as a Head and Shoulders Top. Is it correct or have I missed out something. Rgds, KK |
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#2
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In my opinion it looks like one.
Laksh |
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#3
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Yes Its a head shoulder pattern. but failed i think so.
Last edited by sillu_m; 18th December 2007 at 10:24 PM. |
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#4
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Yes Its a head shoulder pattern.but failed i think so
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#5
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Here in your example,volume is low on the left shoulder. Typically, the left shoulder must have high volume during rally, less on decline, the right shoulder should have less volume than accompanied the formation of the left shoulder or the head.
ss
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#6
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Thanks for the replies. Helps a lot in identifying the mistakes.
I observed this in Mysore cements chart. Looks like a reverse head and shoulders formation. Please correct me if its a mistake. Rgds KK |
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#7
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Quote:
it may some day break our heads or injure our shoulders........
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#8
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Inspite of high volumes why is ispat stuck on 84-85 levels today?
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