Click on the charts to see in enlarged format. Hindustan Unilever forming negative divergence on daily charts. Break below 403 – 406 band gives good trading opportunity. LakshmiVilas Bank forming nice bullish WolfeWave. Target around 102. Gujarat FluoroChemicals looks to break long term trendline giving an nice shorting opportunity. Cairn India clearly [...]
Few Charts Dec’11
December 29th, 2011 · No Comments · market
Tags:axisbank·bullish·cairn·charts·gujfluoro·hns·lakshmibank·trendline·wolfewave
United Spirits broke with good volumes
November 9th, 2011 · No Comments · Movies
click on the image to see it in enlarged format. Update: The above chart looks like a typical breakout scenario. Unfortunately, the Kingfisher news pushed the price of this scrip nearly 9% down next day. Is it pump and dump story? Possible.
Tags:breakout·bullish·market·united spirits·WW pattern
Nifty made bullish island reversal pattern
October 19th, 2011 · 1 Comment · market
Update: Looks like Island patterns are usually formed at tops and bottoms. I am wrong in my conclusion. I am learning! Bullish Island reversal pattern on Nifty chart. Volumes are slightly supportive. Given the -ve / bearish sentiment across the participants, including myself, market can reverse and create shock and awe. So Nifty can break [...]
Tags:bullish·chart·island reversal·market·nifty·pattern·results·sentiment
