wave 2nd start nov sell 4000 daily chart also indicate it
A chart is attached to show the expected move if 4950 is not broken up convincinglyDo let me know your counts.
Past performance of 29th jan 2009
BHARATHI AIRTEL:
yesterday low and 10:20 bar low is same so we decided to go short at 635 for a target of yesterday 100% according to fibbonoci and daily chart the doji has formed at the resistance level at 38% this gave us confidance to make oa short at 10am bar low 642 .
* But 10am bar exceeded 4% and it was big but open and high was same in inraday chart it shows a bearish candle stick may form in daily chart as we guessed.


yesterday low and 10:20 bar low is same so we decided to go short at 635 for a target of yesterday 100% according to fibbonoci and daily chart the doji has formed at the resistance level at 38% this gave us confidance to make oa short at 10am bar low 642 .
* But 10am bar exceeded 4% and it was big but open and high was same in inraday chart it shows a bearish candle stick may form in daily chart as we guessed.


HCL Tech,this chart has formed double head in the daily chart
inside bar was formed on last 2 days(10am bar high was close to yesterday high,the pattern was reversal).Yesterday high was 115 10am bar low was 114 we made a short at 114 first trget was yesterday low and second target is yesterday 100% at 109.



ar
a
inside bar was formed on last 2 days(10am bar high was close to yesterday high,the pattern was reversal).Yesterday high was 115 10am bar low was 114 we made a short at 114 first trget was yesterday low and second target is yesterday 100% at 109.


SBI

,sbi,In the above stock has broke out the 10am bar before 10:20am and acheived 50% of 10am bar before the time 10:20.so we should not trade in the stock or trade over less quantity.
Past performance of 27th jan 2009
Buy focus on wipro
buy at yesterday high or at 10:00am bar high for a target of yesterday 100%

sell focus on gail
10:00 bar was near 1%.After 10:20 it ha sbroken the low 199 and reached its target in 5 hours.

a
Subscribe to:
Comments (Atom)





