Fanatic's View !!!

[RSI]

Please try to resize the image. Or else one will have to move the browser window left and right so as to view the chart and to read the post. That is not a very pleasent experience. If you upload the image to imageshack it automatically resizes the image for posting in forum.

Just my suggestion.

 

[FanaticTrader]

By fanatictrader at 2010-11-07

Again, no frill analysis...simple support & resistance game . With BHEL taking support at lower trendline of rising channel close abobe 2542 can see prices hitting levels of 2563/2587/2625. If taking long positions, SL needs to be monitored accordingly :thumb:

 

[FanaticTrader]

Is Godrej Industries gearing up for a big move ?

By fanatictrader at 2010-11-08

With price breaking out of downward sloping trendline supported by huge volume number looks a promising bet as +DI and -DI is also on verge of crossover At current levels price target of 235 and 248 can be seen on charts. SL can be adjusted to keep one's appetite for risk

 

[FanaticTrader]

By fanatictrader at 2010-11-08

Tata Steel has retraced 50% of its down move from 685 to 581 levels. With yesterday's close above 633 level one can see jump to 645 levels (which is 61.8% retracement or 'golden ratio' in fibo) in next one or two sessions. Again SL should be adjusted to one's risk appetite.

 

[sam2trade]

Hi fanatictrader,

Good :thumb:. It touched 644.85.

Thanks,
Sameer.

By fanatictrader at 2010-11-08

Tata Steel has retraced 50% of its down move from 685 to 581 levels. With yesterday's close above 633 level one can see jump to 645 levels (which is 61.8% retracement or 'golden ratio' in fibo) in next one or two sessions. Again SL should be adjusted to one's risk appetite.

 

[FanaticTrader]

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[FanaticTrader]

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[FanaticTrader]

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[FanaticTrader]

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Tata Steel cracked under pressure and target achieved :thumb:

 

[alroyraj]

Nice charts...Good call too bad I missed it...Keep up the good work...

ps. Were did you read all all this patterns like 2b etc....Thanks...