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| Discuss Geometric -Chart pattern at the Trading on Technicals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, Please find attach EOD chart of Geometric software. It has reached the support price. ... |
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#1
5th November 2006, 08:54 PM
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Geometric -Chart pattern
Hi,
Please find attach EOD chart of Geometric software. It has reached the support price. Is is caught in an upward trend channel. Also note the decrease in volumes as it reaches the support. Based on this is it a BUY signal @119-122. Can some experts please confirm my observation on this chart. Thanks and Regards, Vikranth 
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#2
5th November 2006, 11:56 PM
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Re: Geometric -Chart pattern
Good Pattern,..
Flag has been constructed in the rising channel,.. but I would definately wait for it if it doesnt break supportline ( closing basis). Or if i m desperate to trade then i would keep a very strict stop. Choice is urs ,.. If ur a swing trader then dont go for high risk.. wait till the confirmation .. and Swing traders MUST wait for the breakouts.  Then too Experts may comment more then me ,.. even i m eager to know about what shall i do in such conditions ( in case if im wrong )
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#3
11th November 2006, 11:52 AM
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Re: Geometric -Chart pattern
Hi,
Please find attached EOD chart of Geometric software after 10Nov. After one week the support line has been breached. However the stock price is moving, up and volumes are still bullish. Based on these facts is it a BUY signal.. I would appreicate views from experts in this forum. Thanks and Regards, Vikranth
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