April 12, 2010

  • The stock is trading near the channel resistance.
  • The stock went up with low volume.
  • look for a trend line break which can give at least 100 points on the down side.
  • MACD in daily chart is about to give a sell. will be confirmed in the next 2 days.
  • keep the channel top as stop loss and look for a short trade.
          Take care
           thank you
  • Unitech has broken out of the weekly triangle
  • But it has to close above 81 for a good up move.
  • WEEKLY MACD is about to give a buy signal.
  • keep lower lower line of the small triangle as the stop loss and go long.
  • Aban offshore moving up within a large triangle.
  • Stock may move up till the channel top. so for short term long positions can be taken with channel bottom as the stop loss.


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore