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Exide India - symmetrical traingle

Discussion in 'Technical Analysis' started by sujan4bw, Aug 25, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Thx Shabbir.

    Sideways movement above 140 means...more and more buyers taking position right ?
     
    sujan4bw, Sep 11, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Sep 11, 2012
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  3. sujan4bw

    sujan4bw Member

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    Sideways movement above 140 means...more and more buyers taking position right ?
     
    sujan4bw, Sep 11, 2012
    Share #23
  4. shabbir

    shabbir Administrator Staff Member

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    Both. Fresh buyers taking position and people who purchased below some levels are exiting.
     
    shabbir, Sep 11, 2012
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  5. sujan4bw

    sujan4bw Member

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    Thx Shabbir. Understood completlely now, how traders behave in such instances.

    If new fresh positions are built up than more chances to go upside. Also I noticed pennant formation.
     
    sujan4bw, Sep 11, 2012
    Share #25
  6. sujan4bw

    sujan4bw Member

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    Shabbir, would you please let me know which one is Doji in attached screenprint.

    I had highlighted two doji's
     

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    sujan4bw, Sep 12, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    The Green one because for DOJI the open and close should be as close as possible.
     
    shabbir, Sep 13, 2012
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  8. sujan4bw

    sujan4bw Member

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    Thx Shabbir.
     
    sujan4bw, Sep 13, 2012
    Share #28
  9. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Sep 13, 2012
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  10. kksudin

    kksudin New Member

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    Thank you Sujan and Shabbir....
    After reading this thread..I traded in Exide and made a descent profit.
    Sudin
     
    kksudin, Sep 14, 2012
    Share #30
  11. shabbir

    shabbir Administrator Staff Member

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    Glad to read that.
     
    shabbir, Sep 14, 2012
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  12. sujan4bw

    sujan4bw Member

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    Good for you...so :party:
     
    sujan4bw, Sep 14, 2012
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  13. sujan4bw

    sujan4bw Member

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    Im still holding my position.....my target is 150.
     
    sujan4bw, Sep 14, 2012
    Share #33
  14. sujan4bw

    sujan4bw Member

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    Shabbir, Is it Bull Flag pattern formed in Exide ?
     

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    sujan4bw, Sep 20, 2012
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  15. shabbir

    shabbir Administrator Staff Member

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    Yes but I see it differently. Sharp upswings followed by consolidation suggesting good stock at breakout.
     
    shabbir, Sep 20, 2012
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  16. sujan4bw

    sujan4bw Member

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    Once it breakout the flag.....next target on upside would be measure of the Flag pole right?

    Read it in article.....is that assumption true?
     
    sujan4bw, Sep 20, 2012
    Share #36
  17. shabbir

    shabbir Administrator Staff Member

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    That is an assumption and on top of that I prefer calculating targets based on next resistance level or what I am ready to loose.
     
    shabbir, Sep 20, 2012
    Share #37
  18. sujan4bw

    sujan4bw Member

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    Shabbir, I had these many queries which I asked you in this thread. Reason is

    I took position in 2 lots (4000 shares) Future at 140 on 4-09-12.

    Today I squared off 2 lots ( 4000 shares) at 150. so profited by 10.

    Thx for your guidance and this particular transaction of mine would prove chart patterns clubbed with volume always proved right.
     

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    Last edited: Sep 21, 2012
    sujan4bw, Sep 21, 2012
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  19. sujan4bw

    sujan4bw Member

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    Exide is the only complete transaction in this month. Apart from exide I took position in Kotak which Im still holding.
     
    sujan4bw, Sep 21, 2012
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  20. shabbir

    shabbir Administrator Staff Member

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    Glad to see you made a profit of 40k in a single trade and when I shared something similar on my blog here many people thought I was just boosting about my numbers even though I had screenshot of my contract notes but today I think what I am doing is not only repeatable by me but for those who follow those patterns and that makes me on top of this world.
     
    shabbir, Sep 21, 2012
    Share #40
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