Dear Friends!
Pattern Trading is one of the most handy tools to trade/invest in the market.
The beauty of patterns is that they provide a visual & lively representation of the evergoing fight between different market participants.
Coupled with the ability to forecast precise Entry, Target & Stop-loss points, chart patterns give a technical trader the proverbial edge.
As this discipline of pattern trading is my favourite area in Technical Trading, I want to share the fruits of my labour with fellow boarders and hence I am starting this thread. I would be posting the links of various patterns which are either in the process of forming a pattern or which have broke out of the pattern. The Entry,Stop Loss & Targets will be given after the breakout. I will also try to provide option strategies for the patterns.
At the moment, the analysis will cover only NSE stocks but my targets are to expand the area to International & Other Financial Markets to the extent permitted by my schedule.
To start with, the following patterns have been listed on my blog http://tradingtalks.blogspot.com.
1. Breakouts:
Sl. No.---Stock---Pattern
1. ---CMC --- Flag
2. ---SIL --- Double Top
3. ---Pratibha ---Triangle
4. ---ICSA---Double Bottom
5. ---ANSALHSG---Triangle
2. Breakout Candidates:
Sl. No.---Stock---Pattern
1. ---LT --- Triangle
2. ---Provogue --- Triangle
3. ---Primesecu --- Diamond
4. ---Finantech --- Head & Shoulder
5. ---SIEMENS --- Triangle
You all are welcome to comment, discuss and correct.
Best Regards,
--Ashish
http://tradingtalks.blogspot.com
Pattern Trading is one of the most handy tools to trade/invest in the market.
The beauty of patterns is that they provide a visual & lively representation of the evergoing fight between different market participants.
Coupled with the ability to forecast precise Entry, Target & Stop-loss points, chart patterns give a technical trader the proverbial edge.
As this discipline of pattern trading is my favourite area in Technical Trading, I want to share the fruits of my labour with fellow boarders and hence I am starting this thread. I would be posting the links of various patterns which are either in the process of forming a pattern or which have broke out of the pattern. The Entry,Stop Loss & Targets will be given after the breakout. I will also try to provide option strategies for the patterns.
At the moment, the analysis will cover only NSE stocks but my targets are to expand the area to International & Other Financial Markets to the extent permitted by my schedule.
To start with, the following patterns have been listed on my blog http://tradingtalks.blogspot.com.
1. Breakouts:
Sl. No.---Stock---Pattern
1. ---CMC --- Flag
2. ---SIL --- Double Top
3. ---Pratibha ---Triangle
4. ---ICSA---Double Bottom
5. ---ANSALHSG---Triangle
2. Breakout Candidates:
Sl. No.---Stock---Pattern
1. ---LT --- Triangle
2. ---Provogue --- Triangle
3. ---Primesecu --- Diamond
4. ---Finantech --- Head & Shoulder
5. ---SIEMENS --- Triangle
You all are welcome to comment, discuss and correct.
Best Regards,
--Ashish
http://tradingtalks.blogspot.com