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Wockhardt

Discussion in 'Technical Analysis' started by vishuhd1, Apr 17, 2013.

  1. vishuhd1

    vishuhd1 Member

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    Shabbir,
    I wanted to know whether Wockhardt has formed a perfect pinbar yesterday on a daily basis at 1699 levels?... If yes, then this will signal a trend reversal and we can go long again on this stock... Pls share your views..
     
    vishuhd1, Apr 17, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    The perfect pinbar will be concluded after end of todays session buddy
     
    shabbir, Apr 17, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    BTW I don't see it to be a pinbar because day before yesterdays candle is lower than yesterdays one.
     
    shabbir, Apr 17, 2013
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  4. vishuhd1

    vishuhd1 Member

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    So, if I am getting you correct, the tail of the candle which is making a pinbar should be lower than its previous candles, is it?...
     
    vishuhd1, Apr 17, 2013
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  5. vishuhd1

    vishuhd1 Member

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    Also, how and where should be the next day's candle after the pinbar, for us to confirm it?... The next day's candle should end higher than the pinbar candle is it?...
     
    vishuhd1, Apr 17, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    shabbir, Apr 17, 2013
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  7. vishuhd1

    vishuhd1 Member

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    Thanks very much Shabbir.. You have really explained very well in this post.. :)..
     
    vishuhd1, Apr 17, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Apr 17, 2013
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