|
| Discuss Nifty Head and Shoulders + Candle = power trade at the Trading on Technicals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello all, i just went through nifty 60 min charts from past 10 days and ... |
|
|||||||
| Register | Blogs | FAQ | Chat Room [5] | Search | Today's Posts | Mark Forums Read |
| Trading on Technicals Discuss Day Trading, Swing Trading & Position Trading methods and strategies here. |
|
Welcome to the Traderji.com - Discussion forum for Stocks Commodities & Forex. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please read the FAQ. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
12th February 2007, 06:48 PM
|
|||
|
|||
Nifty Head and Shoulders + Candle = power trade
hello all,
i just went through nifty 60 min charts from past 10 days and saw H&S pattern. Wht was interesting abt this pattern was it was not just a pattern!!!  The break was accompanied with shotting star and the following black candle which confirmed the pattern. Also the MACD had a -ve cross over when the H&S pattern was forming and also during the break. This added further confirmation to short. Kindly see the charts. Thanxs winston Last edited by winstonn : 15th January 2008 at 08:27 PM. 
|
|
#2
12th February 2007, 08:49 PM
|
|||
|
|||
|
Re: Nifty Head and Shoulders + Candle = power trade
A fast and steep correction reminds me of the bull run being intact. Take any of the sugar stocks as an example - they didnt fall to these levels overnite that suggests a bear phase in them. But as for the indices, it is safe to assume that the bull run is still on. hope this helps
|
|
#3
13th February 2007, 05:13 AM
|
|||
|
|||
|
Re: Nifty Head and Shoulders + Candle = power trade
Other than the still high level of OI, the F&O cues don't look all that bad. Cash selling will get intensified though if margin calls start getting triggered. But the Adv/Decl is already at highly oversold levels. Wonder how much worse it can get.
Crude is down, dollar rising - good signs.
|
|
#4
13th February 2007, 08:55 AM
|
|||
|
|||
|
Re: Nifty Head and Shoulders + Candle = power trade
Quote:
IMHO, the pattern is not an H&S as the volume pattern is not matching the H&S pattern. A rounding Top and an island reversal (Gaps on almost identical levels) are more suitable patterns. Charts Attached for reference. Best Regards, --Ashish http://tradingtalks.blogspot.com
|
| Sponsored Links |
|
|
|
| Thread Tools | |
|
|
Similar Threads for: Nifty Head and Shoulders + Candle = power trade
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Power Indiabulls Trade Calculator | pagenotfound | Software | 32 | 1st November 2007 11:22 PM |
| The Head and Shoulders Pattern | Traderji | Technical Analysis | 11 | 1st November 2007 06:53 PM |
| Power My trade ! | ipodpune | Introductions | 0 | 7th May 2006 08:06 PM |
| Head & shoulders in Gold | billauday | Metals | 16 | 24th October 2005 09:06 PM |
| candle sticks | cmlee | MetaStock | 2 | 8th September 2005 09:59 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss
arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer
to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
