On Hourly Charts, SesaGoa has broken out from a Cup & Handle Pattern within a bigger Cup (On which handle is yet to be formed). The patterns are bullish. For EOD traders, it's time to move SL to Rs. 1845.
Tuesday, February 27, 2007
Monday, February 26, 2007
Sunday, February 18, 2007
Trading The Channel
Usually, In pattern trading, we focus upon breakouts from te pattern. But there is one method to earn a bit of small profit with good R:R and that is trading the channel itself. It may be a horizontal channel,i.e., rectangle or a upward or downward sloping channel. It may also be a triangle.
The idea is to go long on every dip when the price touches the lower trendline,make pivot and starts moving upward. Stock should be shorted at upper trendline. The only caveat is that one needs to find stocks where channel is wide to accomodate the entries and exists.
Today's examples of trading the channel are.
Monday, February 12, 2007
Positive Breakouts--09th Feb '07
Friday, February 09, 2007
Thursday, February 08, 2007
Tuesday, February 06, 2007
Pattern Breakouts - 5th Feb '07
The patterns for today are:
ABB - Diamond (Both on Weekly & Daily)
IFCI- Flag (High & Tight)
RCOM- Channel
REL- Descending Triangle
Thursday, February 01, 2007
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