Pattern recognition ?

[Czar]

bought SBI 1486 with stop of 1459...

sold SBI due to inability to make Higher highs... 1550

 

[learn2trade08]

Dear czar,
have u taken a look at crompton greaves,looks like something verymuch interesting cooking up...
your charts and thoughts are always sincerely appreciated.
thanks in advance
p.s: a double top on monthly and a wolfe wave is very much visible on the charts,hughe cut in oi today...Your analsis please.

 

[Czar]

regarding the wolfe you may be right (but am no pro on that, maybe ajax or someone could spot better), but could do 330/350, but this is a medium term buy on pullback.... its having accumulation on weekly charts...

learn2 you are now learned2, spotted so many things on 1 charts

 

[learn2trade08]

dear czar,
sincerely appreciate your time,you are a hard working man..all the time on markets and up all night.
you are a gem!

regarding the wolfe you may be right (but am no pro on that, maybe ajax or someone could spot better), but could do 330/350, but this is a medium term buy on pullback.... its having accumulation on weekly charts...

learn2 you are now learned2, spotted so many things on 1 charts

 

[learn2trade08]

dear czar,
had a good one in crompton...
thanks

 

[Czar]

yes its in pull back mode, if it breaks 245 then further weakness, so be careful if you have short around that level...

 

[Czar]

bought punj 281.75 (fut) 277 stop

 

[Czar]

punj stops triggered tried to be too greedy

 

[rajaram.dilipkumar]

punj stops triggered tried to be too greedy

czar, you did the right thing by buying punj at the retest of b/o pt which was 280...so no regrets my friend...

 

[Czar]

Ya infact I gave approx 1 buck leverage from previous swing... guess should have taken the 5/6 bucks & run away... anyway was worth a shot...