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| Discuss Trading With Chart Pattern at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by rvina2 Hi Raja, According to me Reliance has formed inverted H&S on ... |
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#181
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yes veena u are correct.Buy when the price breaches the resistance line.look for good volume on breakout.Target is around 2700.I think head and shoulder is formed because of falling crude prices.see the attached chart.
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| The Following User Says Thank You to rajatheroyal For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#182
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thanx very much Raja. could u pls tell me at what level i should buy and what should be the stop loss.
And one more thing pls keep on posting charts as that is a great source of knowledge for us. thanx veena |
| The Following User Says Thank You to rvina2 For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#183
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As i already told u, buy above the resistance line which is 2350.Dont forget to see the volume when the neck line is breached.As far as stop loss is concerned theoritically stop is placed on the bottom of the right shoulder which is too high. u can put a stop below the resistance line say for eg. 2300.
here after i will post my charts on a separate thread http://www.traderji.com/equities/232...atters-me.html |
| The Following 2 Users Say Thank You to rajatheroyal For This Useful Post: | ||
kalpesh Gupta (27th August 2008), rvina2 (3rd August 2008) | ||
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#184
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gm, CAN one advise me on NIFTY pattern expected in the weeks to come. I have got a trade shorting NIFTY@4300. How I can cover it up, if trend reversed continues as on 01Aug08. Any cues pl.
thanks n regards |
| The Following User Says Thank You to Mohac For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#185
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inverted H & S is observed in SAIL 04.08.08 daily chart and long build up in OI. similarly, tata steel has crossed the long term support on daily charts and showing strength. also bank of baroda is showing -ve divergence in RSI on daily charts and on weekly charts, right shoulder of H & S pattern formed is a huge resistance. stock should decline going by technicals.
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| The Following User Says Thank You to sriramvr For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#186
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hi every body
in good time technicals are ok but in falling market don't rely on technicals stay strict to the stop loss is the best mantra. |
| The Following User Says Thank You to satishdb For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#187
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what about fmgoetze.is it broke out of some pattern.some kind of double bottom.resistance was 60 and it has closed above 60.volume breakout has confirmed the pattern.target should b 70.isnt it?please share ur views
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| The Following User Says Thank You to razx5 For This Useful Post: | ||
kalpesh Gupta (27th August 2008) | ||
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#188
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Aban offshore has formed bullish harami. stock should stabilise for short term upmove.
Nick |
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#189
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Any opinions on SAIL. is it a good time to short sell at cmp 156 or so.
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#190
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