Can you post this chart again by changing the TF to Weekly and the Display as a "line" instead of Candlestick.?
My observation for what it is worth is that I found that the Weekly chart also showed a H&S and the downside target has already been met!! The volume criteria as put forth by you also did not match in weekly!!
Just my $0.02, and my analysis is prone to error!!! Facing some MS office problem otherwise would have tried to post the suggested chart myself!!
My observation for what it is worth is that I found that the Weekly chart also showed a H&S and the downside target has already been met!! The volume criteria as put forth by you also did not match in weekly!!
Just my $0.02, and my analysis is prone to error!!! Facing some MS office problem otherwise would have tried to post the suggested chart myself!!
Fine friend, I ignored that little bit if hump you marked as Right shoulder and, took that large one as Right shoulder and marked the neckline. That is the reason for the difference in targets.
But from Fib retracement i see that it had fallen beyond 50% retracement of 631. yesterday low was 625. Does this imply the next support comes at 61.8% at 545 levels. Please correct me if i am wrong in my calculations.
Regards
Saivenkat
But from Fib retracement i see that it had fallen beyond 50% retracement of 631. yesterday low was 625. Does this imply the next support comes at 61.8% at 545 levels. Please correct me if i am wrong in my calculations.
Regards
Saivenkat
Hi SaiVenkat & others,
Looks like your analysis of this stock has truned out to be correct.Kudo's to you for the apt analysis.
After reaching the target of 400 (actually 385) as suggested by you, the stock looks like is an uptrend again after 1.3 years of your post.Could you please analyse the stock again for the benefit of the members here.
Thank you
Looks like your analysis of this stock has truned out to be correct.Kudo's to you for the apt analysis.
After reaching the target of 400 (actually 385) as suggested by you, the stock looks like is an uptrend again after 1.3 years of your post.Could you please analyse the stock again for the benefit of the members here.
Thank you
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