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Model charts showcasing patterns

Discuss Model charts showcasing patterns at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by trader31339 Attached is a chart showing a Rising Wedge.Please check whether it ...


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  #51  
Old 1st January 2006, 09:47 PM
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Default Re: Model charts showcasing patterns

Quote:
Originally Posted by trader31339
Attached is a chart showing a Rising Wedge.Please check whether it is a a Valid RISING WEDGE?

Thanks,

later
Hi Trader,

I dont see a rising wedge. Are you referring to November month's daily charts? Also, the rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal. Secondly, for the wedge to form, you need atleast 2 supports and resistances. The wedge you are showing is using daily volatility.

Remember, rising wedge is one the most difficult patterns to recognize.

Cheers,

Mohan

Last edited by mohanlate; 1st January 2006 at 09:53 PM.
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  #52  
Old 1st January 2006, 10:11 PM
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Default Re: Model charts showcasing patterns

Quote:
Originally Posted by p_haolader
Hi Mohan,

Thanks a lot for replying. Glad to see there are still folks like you who work selflessly. All the best ..

Partha

Thanks Partha. Trying my best to help. And still learning.
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  #53  
Old 7th January 2006, 12:59 AM
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Default Re: Model charts showcasing patterns

Hi Mohan
I am attaching chart for MSK Projects.
Please comment if it is in bollinger squeeze

Last edited by pkjha30; 3rd August 2008 at 06:09 PM.
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  #54  
Old 7th January 2006, 02:39 AM
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Red face Re: Model charts showcasing patterns

Quote:
Originally Posted by pkjha30
Hi Mohan
I am attaching chart for MSK Projects.
Please comment if it is in bollinger squeeze
Hi pkjha30,

Excuse my barging-in without invitation I am no expert.

I am a newbie to this forum and also to stock markets. I think the price of MSK went out of the Bol. squeeze around 23rd dec '05. The band is still quite wide but the strong momentum play is not visible. The price has also fallen within the band and is moving caressing the upper band.

I repeat I am no expert and my views should be taken with a very broad outlook

RSI (9 and 11) has also fallen to 50's after piercing 70.

Fast Stochastic moved above slow stochastic on around 22nd-23rd dec '05 but has retraced back and is on the verge of kissing the slow stochastic.

On Balance Volume looks quite strong though.

Regards,
Sanjoy

P.S.: Ppl don't fire me for my ignorance, 'cuz I am trying to build my knowledge with the help of u guys.
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  #55  
Old 7th January 2006, 06:14 AM
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Question Re: Model charts showcasing patterns

Hi,

Is RainCalcin daily charts showing inverse head and shoulder pattern? Pls advice. Have entered the stock 50. Any inputs on the future course of this stock?
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  #56  
Old 7th January 2006, 10:23 AM
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Default Re: Model charts showcasing patterns

Quote:
Originally Posted by sanjoy_roy
Hi pkjha30,

Excuse my barging-in without invitation I am no expert.


P.S.: Ppl don't fire me for my ignorance, 'cuz I am trying to build my knowledge with the help of u guys.
Hi sanjoy

Thanks for reply.This is an open forum and all are welcome to submit their views. As for your ignorance you are modest. I am neither technical analyst nor a trader. Hence I solicited views of forum members. This thread was proper for this question. I knew that msk was out of the squeeze though I could not understand whether it will further go up or languish. Thanks for reply. Mohan can probably tell if you are right.

regards
pankaj
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  #57  
Old 9th February 2006, 04:24 PM
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Default Re: Model charts showcasing patterns

Quote:
Originally Posted by mohanlate
Hi All,

It is amazing how some charts form near perfect chart patterns. Check out GINNIFILA (Ginni Filament). Looks like it brokeout of a nice triangle. I Suggest a BUY above 35 with a SL of 34.30. Your suggestions, comments, analysis please.



Thanks
Hi Mohan

Any further analysis on Ginni. Its at 20.80

Pankaj
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  #58  
Old 9th February 2006, 04:34 PM
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Default Re: Model charts showcasing patterns

Quote:
Originally Posted by mohanlate
HI Pankaj,

MCLEOD Russel was in a bollinger squeeze. It broke out at 61.80. Its a great HOLD. May not be the best time to get in. You can wait for a correction. Remember, if on the breakout, the price crosses the +2D standarard deviation line, then it is going to come back inside. On the retracement if it crosses 20DMA, we may see a trend reversal. MACD is looking good. Let it turn a good positive. 50DMA is good for long term. A 20,50 DMA crossover may not work for short term. Remember the rule - Don't buy up into a major moving average or sell down into one.

Thanks,

Mohan
Hi Mohan

Mcleod has crossed 100 and appears to be long term. What do you say?

Pankaj
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