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| Discuss Teach A Man To Fish And......... at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; dear saint, posting an image of cipla daily chart. it is gradually forming rising wedge- ... |
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#1541
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dear saint,
posting an image of cipla daily chart. it is gradually forming rising wedge- bearish indication. so we need to be careful! am i correct? regards, nick Last edited by nick721156; 28th May 2008 at 08:24 PM. |
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#1542
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i am indebted to you for your guidance. regards, nick |
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#1543
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I'd look to go partial long if next week's candle can take out the high of this week......and then add later once weekly gets into pullback mode and makes higher pivot lows. Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1544
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If you like to trade short as much as you like to go long,keep this on your watchlist for a short when it dumps. Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1545
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Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1546
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RANBAXY opposite of CIPLA.......in a Primary Downtrend the last 3+ years,now taking out previous pivot highs on the monthly......giving indications of a change in trend and the start of a new Bull Market in Ranbaxy.
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1547
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SAINT ..sorry to bother u again ....its just a humble reminder for a query sent ....hope u will find some time in ur busy schedule ...
thanx vineet [as usual ur pm is full...so have to post here ...sorry] |
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#1548
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Shall do,Vineet!
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1549
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I would be obliged if you could give some clarification on the above statement. In the current downtrend nifty has gone above the prev week's high on 3 occassions and on 2 of these above occassions it has closed below the prev week's high and continued with the downtrend. So what should the strategy be for an intermediate trader. Thanks Sandeep |
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#1550
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dear saint, thanks a lot. regards, nick |
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