Pattern recognition ?

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Czar

Guest
#1
Hi, I always wanted to start a thread like this one, to all those with tech knowledge please help me/us learners learn. To start with I am posting a chart if you could advice if there is a particular pattern in it... thanks
 

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#2
Hi, I always wanted to start a thread like this one, to all those with tech knowledge please help me/us learners learn. To start with I am posting a chart if you could advice if there is a particular pattern in it... thanks
IMHO, Failed Channel Break Out with Double Top and No Wolf.
 

biyasc

Well-Known Member
#3
reading charts? i dont think its possible for me, you guys are really amazing, keep it up,
 
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darsh_goswami

Guest
#5
Good but still not satisfied with the answers.
Czar ,.. u better say.

Regards,.
Darsh
 
C

Czar

Guest
#7
lol thanks guys, its weekly chart of mahindra ugine, the RSI & MACD +ve divergence is what interested me... its that I recognize patterns but to know the name & implication is still tough of the pattern, higher tops & lower bottoms... actually I spotted this at 80 & then it rallied to 118, but the pattern is still on...

as you see last time it made a bottom at 70 & retested it at 71, now its doing a similar pattern... it would be nice to trade with trendline bottom as a stop... cause this time it would give more than 100% profit, if it continues...
 
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darsh_goswami

Guest
#9
aaaaooooo, wolf alert: punj lloyd target 440/450 ? gentle +ve divergences...
Not wolf as much as i can see.

Then too will try to check it later on with my software.

Need help about recognizing Gartley on nifty.

Please do comment.
Need it.
regards,..
Darsh
 

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