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#102
6th April 2008, 05:59 PM
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Re: Trading With Chart Pattern
Quote:
Cheers djsinha Last edited by djsinha; 26th May 2008 at 04:50 PM. 
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#103
6th April 2008, 11:22 PM
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Re: Trading With Chart Pattern
Hi soumya_b ,
I have a query abt. ascending triangle formation ..Please find attached image file for HeroHonda - Daily Chart ..Just wanted to know is there a building/formation of an Ascending triangle looking at the chart ? Regards, Raju Last edited by Raju; 7th August 2008 at 09:37 AM.
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#104
6th April 2008, 11:39 PM
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Re: Trading With Chart Pattern
Hai Raj, first of all, ascending Triangle needs four reversal to confirm dat its there. N specifically about hero honda, its all over the place, u'll do better leave it n go for another chart.
Regards. Gaurav
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#106
7th April 2008, 06:34 PM
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Re: Trading With Chart Pattern
Quote:
Yes it is ,.. Go ahead.. Regards,.. Darsh
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#107
7th April 2008, 09:36 PM
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Re: Trading With Chart Pattern
Quote:
In my view, there is no Asc Triangle here for following reasons - 1) Asc Triangle is continuation pattern. 2) It occurs in an uptrend as Bulls stop to take breath 3) It also comes at the bottom of downtrend and indicates reversal formation. In case of Hero-Honda, there was no up or down trend at the place where your marked triangle is shown (22nd-Jan). HeroHonda has been in sideway move since long time hence there is no question of trend continuation or trend reversal. So I will search for breakout patterns on this chart rather then spending time on finding the continuation pattern. btw, it has already given "Bearish Harami" pattern on Monday 7-Apr and it is already close to strong resistence line around 775 (touched almost 7+ times in the past) so it will be interesting to watch the stock near resistence line. Happy Trading. - Anup
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#109
16th April 2008, 07:04 PM
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Double Bottom Brk-out In Chambal Fertilizer??
M in a bit of Doubt whether is it a Truw double bottom or..........................
I wish all the Senior Members, 'll add their views on it. Looking forward for ur rep guys. Regards. Gaurav......................... Last edited by sam_chinks; 15th July 2008 at 04:18 PM.
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#110
16th April 2008, 07:12 PM
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Last Minutes Triangular/double bottom Brk-down in Nifty 5min chart
See the Chart Pic attached n post ur views.
regards. Gaurav............. Last edited by sam_chinks; 13th July 2008 at 06:11 PM.
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