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Is this a Head and Shoulders Pattern

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  #1  
Old 18th December 2007, 02:28 PM
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Default Is this a Head and Shoulders Pattern

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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File Type: jpg Suzlon_18122007.jpg (87.3 KB, 68 views)
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  #2  
Old 18th December 2007, 10:11 PM
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Default Re: Is this a Head and Shoulders Pattern

In my opinion it looks like one.

Laksh
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  #3  
Old 18th December 2007, 10:18 PM
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Default Re: Is this a Head and Shoulders Pattern

Quote:
Originally Posted by tradkan View Post
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
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  
Old 18th December 2007, 10:23 PM
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Default Re: Is this a Head and Shoulders Pattern

Quote:
Originally Posted by tradkan View Post
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
Yes Its a head shoulder pattern.but failed i think so
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  #5  
Old 18th December 2007, 10:47 PM
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Default Re: Is this a Head and Shoulders Pattern

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  
Old 19th December 2007, 12:38 PM
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Default Reverse Head and Shoulders pattern in Mysore Cements

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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File Type: jpg Mysore Cements_19122007.jpg (46.3 KB, 23 views)
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  #7  
Old 19th December 2007, 01:01 PM
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Default Re: Reverse Head and Shoulders pattern in Mysore Cements

Quote:
Originally Posted by tradkan View Post
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
never in ur life rely on only one indicator or pattern......
it may some day break our heads or injure our shoulders........
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  #8  
Old 19th December 2007, 01:57 PM
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Default Re: Is this a Head and Shoulders Pattern

Inspite of high volumes why is ispat stuck on 84-85 levels today?
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