Igate Global Solution -Chart pattern

Hi,
Can some one please confirm the formation of Head and Shoulder pattern formation in the igate Global solutions. Is the price target at 260.

Thanks and Regards,
Vikranth

Good one ,..

but I'm not able to check the volumes in this chart. neither i could found it in my soft. Anyways , It seems the head n shoulder reversal in this stock .

Cant say about the targets coz i m very weak into it. sorry. Bt i can say its pure buy with the short stop of 220. and below that 205.

U can ask experts like traderji or saint for it...

Yes, it indeed Head-and-Shoulders Bottom.
1st target 246 (almost achived). 2nd target 285-290.

thanx,
soumya

A very clear H&S soumya, but its a thinly traded share, prone to manipulations. Wt abt its risk/reward? pls elaborate. I was trying to refrain from it.

Regards.

Hi,
How do we know that it is thinly traded stock, is it just a judemental comment or are there any quanititative values/ranges to categorize a stock as thinly traded or not.

Regards,
Vikranth

There is nothing subjective in TA, if thats what u mean. I usually refrain from those where volumes are less than 0.05 million(say on 1 yr. avg.). Such stocks show absurd spurts and declines, and unusual OHLC values. Whatever entry/exit setup u use, backtest it on igate, preferably in training mode(if availale in ur s/w).

Thanks.

Re: ERA construction-Chart pattern

Hi,
Please confirm the formation of H&S bottom reversal on this chart.
Has the target around 428 already been reached, is there any steam left in it.

Can we set some higher target because the volumes are high even at these levels.

Thanks and Regards,
Vikranth

http://www.traderji.com/technical-analysis/9376-era-construction.html