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Sunday, June 27, 2010

Action construction Equip



Buy in the range of 50 - 46 , sl 44 trg 63-65 -68
ACE stock price movement is froming ascending channle.

An ascending channel

An ascending channel is the price action contained between upward sloping parallel lines. Higher pivot highs and higher pivot lows are technical signals of an uptrend. Trendlines frame out the price channel by drawing the lower line on pivot lows, and the upper line is the channel line drawn on pivot highs. Price is not always perfectly contained but the channel lines show areas of support and resistance for price targets. A higher high above an ascending channel can signal continuation. A lower low below the low of an ascending channel can signal trend change.

Saturday, June 19, 2010

IDFC


Idfc Chart is forming inverted head and shoulder.
Buy Above 170with SL of 162 Trg 190....
If idfc trade at 190 than on bigger picture (2 yr chart)
it will give break out above 180





Wednesday, June 16, 2010

Jet Airways


Buy Jet airways Above 521 Trg 550 - 570 with SL of 500.

If Jet airways achieve Trg of 570 than on bigger picture , there is Triangle
Break out at 540 which set trg of 600.



If Jet gives break out triangle and achieve trg than on weekly chart Jet airways
Chart is forming Inverted head and shoulder.. With TRG 700 - 750- 800






Sunday, June 13, 2010

Valecha Eng


A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue.

A Flag (Bullish) follows a steep, or nearly vertical rise in price, and consists of two parallel trendlines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), however it often has a slight downtrend.
The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast".


The rectangular flag shape is the product of what technical analysts refer to as consolidation. Consolidation occurs when the price seems to bounce between an upper and lower price limit. This might occur, for example, in the days following a positive product announcement, when the excitement is starting to subside, and fewer buyers are willing to pay the high price that was commanded just a few days before. But, at the same time, sellers are unwilling to sell below a lower support limit.
A bullish signal occurs when the price rebounds beyond the upper trendline of the Flag formation, and continues the original upward price movement. This is considered a pattern confirmation.
When speaking about Flags, technical analysts may use jargon and refer to the flag as "flying at half-mast". Visually, this reference is nothing like a flag at half-mast, such as on a day of national mourning. Instead, this term refers to the location of the flag - at the mid-point of what would otherwise be a continuous uptrend.



BSE Sensex



Sensex Possible head and shoulder

Monday, June 7, 2010

Saturday, June 5, 2010

Thursday, June 3, 2010

Tuesday, June 1, 2010