Trading With Chart Pattern

[akul]

sirji,
whts take on punj loyd
is it double bottom or cup n handle formation?
http://img87.imageshack.us/img87/5047/punjtr7.png

 

[columbus]

sirji,
whts take on punj loyd
is it double bottom or cup n handle formation?
http://img87.imageshack.us/img87/5047/punjtr7.png

one can buy the stock with stoploss at 260.

 

[soumya_b]

 

[Smart_trade]

Similar pattern in Reliance Capital Sept Futures 60 min chart and the base line was broken yesterday and the price came down!!!

Best Wishes,Trade Well !!!

Smart_trade

 

[Arb888]

ive heard of lot of prop traders use triangle patterns to trade off, some food for thought....

 

[darsh_goswami]

ive heard of lot of prop traders use triangle patterns to trade off, some food for thought....

I thought Pro Traders Dont use common mathods.

Or do they ?

Wondering

 

[mahesh2007]

Downside breakout from channel formation of BHEL.
not so favourable MACD & RSI making the b/o weaker.

 

[mahesh2007]

a typical example of side wise trend-

national aluminium(NALCO), since last month.(20% range)

 

[karthikmarar]

Mahesh

A different perspective of BHEL. Stock already in a downward channel.

 

[mahesh2007]

karthik!
Thanks for your perspective.

PS: please dont resize down your chart at Imageshack, it makes reading text of your graph difficult.