1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Polaris

Discussion in 'Technical Analysis' started by sujan4bw, Aug 20, 2012.

Tags:
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    There is breakout in Polaris with High volume. It has got resistance at 132.

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Aug 20, 2012
    Share #1
  2. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    There is breakout in Polaris with High volume. It has got resistance at 132.

    Regards
    Sujan
     
    sujan4bw, Aug 20, 2012
    Share #2
  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    I think it is too early to say symmetric break out have a look on pic, I think breakout is due @ 127
     

    Attached Files:

    sanjay_sansanwal, Aug 20, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    You had the same thread twice and so merged both of them.
     
    shabbir, Aug 20, 2012
    Share #4
  5. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Shabbir, Is polaris forming Rounding Bottom pattern.

    It has resistance in range of 130 - 133. If it break that range I think it's a good buy.

    Please correct me If I'm wrong.
     

    Attached Files:

    sujan4bw, Aug 24, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    It has not cracked 100 and reversed from 105 forming U (round bottom pattern).
     
    shabbir, Aug 24, 2012
    Share #6
  7. drsuraimardi

    drsuraimardi New Member

    Joined:
    May 3, 2012
    Messages:
    124
    Likes Received:
    1
    Occupation:
    Doctor
    cup with handle pattern

    Hello Shabbir & Sujan
    I think Polaris is having a cup with handle pattern and whenever it will give breakout above the handle or the upper resistance around 131 with large volume it will be a buy for target of 150-153.Correct me please...
     

    Attached Files:

    Last edited: Sep 5, 2012
    drsuraimardi, Sep 5, 2012
    Share #7
  8. drsuraimardi

    drsuraimardi New Member

    Joined:
    May 3, 2012
    Messages:
    124
    Likes Received:
    1
    Occupation:
    Doctor
    I have attached half drawing above
     

    Attached Files:

    drsuraimardi, Sep 5, 2012
    Share #8
  9. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    132 is resistance...crossing same should reach target of 150.

    It has two patterns 1) symmetrical triangle - entry at 125 and need to be cautious at 132.
    2) Rounding bottom - entry should be above 132.
     
    sujan4bw, Sep 5, 2012
    Share #9
  10. drsuraimardi

    drsuraimardi New Member

    Joined:
    May 3, 2012
    Messages:
    124
    Likes Received:
    1
    Occupation:
    Doctor
    Thanx Sujan .Shabbir what's your view regarding my observation and chart drawing ?
     
    drsuraimardi, Sep 5, 2012
    Share #10
  11. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes above 130 should be stock to watch.
     
    shabbir, Sep 5, 2012
    Share #11
  12. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Polaris up by 5 % today.......hit high of 129.30 today. Above 133 will have target of 140.
     
    sujan4bw, Sep 10, 2012
    Share #12
  13. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Polaris just crossed its resistance 133.....heading towards 140.
     
    sujan4bw, Sep 11, 2012
    Share #13
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes looks good.
     
    shabbir, Sep 11, 2012
    Share #14
  15. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Polaris today high is 139.30 so for......gained 8% today.
     
    sujan4bw, Sep 11, 2012
    Share #15
  16. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Today Polaris made an high of 147.
     
    sujan4bw, Sep 20, 2012
    Share #16