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| Discuss Ascending Triangle at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello Amit and Saint! Well Just plunged into the vast ocean of T.A... Hopefully will ... |
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#11
18th September 2005, 06:45 PM
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Re: Ascending Triangle
Hello Amit and Saint!
Well Just plunged into the vast ocean of T.A... Hopefully will learn to swim soon... My source of inspiration were your Posts ....and thanks to you both again Roneeth 
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#12
18th September 2005, 06:59 PM
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Re: Ascending Triangle
Lots of education here on the Asc Triangle.......thanks Karthik,Roneeth!
Anu
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#13
18th September 2005, 08:55 PM
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Re: Ascending Triangle
Karthik and Roneeth,
Thank you very much for your kind support and the time both of you have spent for explaining the subject so nicely. T_learner
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#14
18th September 2005, 10:07 PM
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Re: Ascending Triangle
Hi Karthik and Roneeth,
In case of the scrip 523519-HCL Office Automation: I have observed a certain type of triangle formation. (*** not exactly the Ascending type***) It is like this: The triangle has formed between the 15 days MA and 45 days MA. First triangle is during 18.05.05 to 13.05.05 and the second is from 25.07 to 16.09. In case of the first triangle, price rose from Rs 7 to Rs 13 and then slowly came down and stablised at around Rs 10. In this process, 15 days MA first rose up then slowly came down, touched 45 day MA and thus formed a triangle with 45 day MA ---- which was continuously rising. Now this triangle was not exactly a right angled one. Here two sides of the triangle are contributed by 15 days MA and third side by 45 days MA. Anyway, after 15 days MA touched back the 45s day MA, price shoot up after a few days, attained a new peak of Rs. 17 and then came down slowly , thus forming a new triangle similar as the previous one. I am now observing whether a next price rise takes place or not. Now my question : Is there anything tehnical in the above or it is just a coincidence and price rise etc. was because some market player had manipulated the scrip as it is a penny stock scrip and average daily volume is very less ---- Normally average daily volume is at the range of 10000 to 20000 and during price shoot up, volume rose upto 3 lakhs. Regards, T_learner
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#15
19th September 2005, 02:05 AM
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Re: Ascending Triangle
Eeshwar, Roneeth,Zen4all,Amit,Saint,Anupama,T_learner
Thanks everybody.... Amit...ya..trying hard to be there...  Roneeth ...Good one...let's swim together.. regards karthik
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#16
19th September 2005, 11:48 AM
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Re: Ascending Triangle
Hi seniors,
i want to get started for learning few basics for technical analysis...so that i can too learn on my own about this can u tell me some site where i can get basics coz i am totally new comer to this  this thing is driving me now to learn something new... thanks Madhura
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#17
19th September 2005, 12:06 PM
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Re: Ascending Triangle
Hello Madhura!
There are so Many but these are what i can you give right now you can do a google search ... [url=http://www.ctcfutures.com/chart-patterns-futures.htm] [url=http://www.epiphanyresearch.com/servlet/glossary.jsp] http://www.investopedia.com/categories/technicalanalysis.asp http://www.marketscreen.com/help/AtoZ/default.asp?hideHF=&Num=49 http://www.candlecharts.com/about-press-room.html http://www.streetauthority.com/technicalanalysis.asp http://www.hardrightedge.com/wheel/beginners.htm Hope you find then useful Regards All the Best Roneeth
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#18
19th September 2005, 12:09 PM
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Re: Ascending Triangle
Hi Roneeth,
Thanks a lot, i will have a look at those... i will take up first http://www.hardrightedge.com/wheel/beginners.htm thanks Madhura
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#19
19th September 2005, 02:50 PM
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Re: Ascending Triangle
Another good site for learning may be "investopedia.com"
T_learner
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