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

Wednesday, January 31, 2007

Tuesday, January 30, 2007

TVSMotor


Dear Friends!


Unfortunately I forgot to mention the entry and exit on TVSMotor Chart. I hope the traders would have follwed the standard method of shorting below low of the previous day.


The updated chart is attached herewith.

Wednesday, January 24, 2007

Thursday, January 18, 2007

Breakouts- 17th Jan '07




IOB - Breakout from Symmetrical Triangle
ChambalFert - Breakout from 4.5 month congestion.

CMC & ICSA

CMC is in a vertical run. Follow with 2-days' low as SL point. 
ICSA has moved very fast. Follow with 2-days' low as SL Point.

Tuesday, January 16, 2007

KTKBAnk-Flag Pattern


KTKBANK has broken out of its Flag.

Ripe for entry now.

Targets Achieved

ICSA has achieved its target of 1040.
The strategy should now be to folow the stock with a moving Stop Loss.
Move your SL to 978.

CMC has achieved its target of Rs. 885.
Move Your stop-loss to Rs. 740.

Saturday, January 13, 2007

Reliance-Positive Breakout



Reliance has broke out of a 10 week long rectangle.

Last leg of the consolidation took shape of an imprefect

Ascending Triangle.

Check out both the weekly & Daily Charts.

Breakout Candidates











3I & ABAN - Brodening Top
Adani - Descending Triangle on top.
AMTEKAUTO, Punj LLoyd - Symmetrical Triangle
HEROHONDA, Radico - Ascending Triangle
Infosys & Investsmart - Rectangle