Pattern recognition ?

C

Czar

Guest
#51
#51
though if you see its a channel inside a larger channel & frankly how many stocks in this market have their 15,45,100 MA in the right order & the price above these ?

...
 
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C

Czar

Guest
#52
#52
A Possible double bottom in Wipro, visible in futures chart, its messed up by freak trades in spot, also IT has been in bear market since Jan 2007, 1.5 years up... break above 445 should be watched...
 
R

rvina2

New Member
#53
#53
Dear Sir,
have a question. Looking at Unitec weekly charts, it had broken its H&S support line on 6 Jun at around 190 and after going to the level of around 150 is now moving up. So do u think that the downfall is over or its just a retracement.

regards
veena
 
C

Czar

Guest
#54
#54
Well I am holding unitech with stop of 152 & if it manages to break 179 should fire up, though I really dont believe much in H&S patterns, so wont comment... Also Please no sirs we all are friends...

But its set to rally to about 215/ 220 atleast if markets permit...
 
R

rvina2

New Member
#56
#56
Czar u said that u r holding Unitec wth sl of 152. If i am not wrong u r long in Untech. Could u pls share on what basis u took long position in Unitech.
Asking just to increase my knowladge

thanx
 
C

Czar

Guest
#59
#59
exited sterlite, still a buy, but will wait for a better swing move, entered 590, sold half 622, other half 595...
 
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