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W form

Discussion in 'Technical Analysis' started by starvaibhav, Mar 5, 2015.

  1. starvaibhav

    starvaibhav New Member

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    Dear sir,
    I found 'w' pattern in IDBI. What is your opinion.
     
    starvaibhav, Mar 5, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes but then if you can attach the chart you are referring to, it will confirm things further that we both are referring to the same chart.
     
    shabbir, Mar 5, 2015
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  3. starvaibhav

    starvaibhav New Member

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    i have attached daily chart of idbi
     

    Attached Files:

    starvaibhav, Mar 5, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    The chart that you have marked is not a W but consolidation and breakout. 62ish range as support and W is around that where it touched 62ish twice.
     
    shabbir, Mar 5, 2015
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