Nifty Futures Trading Part 2 (Positional)

[orderflow13]

To the traderji team with love
Alex

 

[Czar]

Hi,
for the Worms( Bears) World (India) Party

A distorted H&S on Weekly chart.
Im scared, H&S are loosing their dignity by appearing here n there frequently

2600 by may next year is the bottom... kapish ? any kind of intermediate rallies will not change this target...

hmm so that's how I came to this conclusion

 

[Sunil]

alex, am looking forward to what the ET team has to say in tomorrow's weekly special...

since past few weeks, they have just been sticking to this dow range breakout of 11000 & 11750, to give directional momentum...

 

[praveen taneja]

alex, am looking forward to what the ET team has to say in tomorrow's weekly special...

since past few weeks, they have just been sticking to this dow range breakout of 11000 & 11750, to give directional momentum...

but sir sudoku sir already sunk the dow ship........

 

[Sunil]

not sure but read this somewhere:
the target for any H&S or inv H&S breakout is equal to
neckline less (diff between Head peak & necline) in case of H&S
&
neckline plus (diff between Inv head bottom & neckline) in case of Inv H&S

so, if are considering this latest H&S with peak at 4625 & neckline at 4225, then target ideally should be
4225 - (4625-4225) = 4225 - 400 = 3825

GOTTA CONFIRM THIS - I HAVE READ THIS ONLY AT ONE PLACE


(i hope no further discussion abt H&S except this formula's confirmation... else, as dumdum puts it, it will become H&S specialist thread)

 

[pakatil]

Dear Sunil,

Here is the example.

Not sure about posting from other sources is permitted. Will delete if required.

Cheers

 

[renu daga]

well since this sinpostional thread,,so just wnated to add thsi link here so that it come sto everyone snotice
well majority of it wenta bove my head...must be helpful fo rones who look for waves!!!
i dont because i dont knwo how to swim!!
just cehck teh link,,and matter

http://content.icicidirect.com/ULFiles/UploadFile_20089812243.asp

renu

 

[Czar]

ok Renu will check the link after you check it (dead)

 

[learn2trade08]

renuji,
tahnks for the link...wrt reliance,i had the exact same question posted in chart patterns thread(czar),please take time to post your thoughts...
thanks

well since this sinpostional thread,,so just wnated to add thsi link here so that it come sto everyone snotice
well majority of it wenta bove my head...must be helpful fo rones who look for waves!!!
i dont because i dont knwo how to swim!!
just cehck teh link,,and matter

http://content.icicidirect.com/ULFiles/UploadFile_20089812243.asp

renu

 

[renu daga]

ok Renu will check the link after you check it (dead)

meri kabar ke paas hi aap ki kabar hogi...

message straight from kabristan
renu


pk patil excatly rgt this is always tgt for ay HS pattern

renu