MY ANALYSIS

Monday, 21 November 2011

inverse H&S in GOLD

See H&S pattern in chart of GOLD which shows good buy signal. JUST WAIT FOR BREAK OUT

Saturday, 19 November 2011

primary trend in nifty

Here in the graph see two H&S in a rapid manner. The first H&S having break out at 5250 which is having target at 4250-4300. The price retest the neck line at 5350 on 3 weeks ago. The pattern makes more strong because of triangle formation with same break out. There is also formation of a new H&S with triangle. Second price pattern having break out at 4700 in down side with a target of  3400-3300. So have to wait for break out.

Friday, 18 November 2011

waves in nifty


Been speaking about a 5 wave decline which for some time was not clear on the hourly chart.
Its been my contention that wave C ended in a triangle at the top and so wave e of C truncated
at 5317. On that basis a clear 5 wave decline ended today on the hourly charts as shown.
Each leg breaks up perfecly into 5 waves internally and chanelling technique discribed
So unless this low breaks we should
have completed wave 1 of 3 down. Wave 2's often retrace a lot upto 61.8% which can 
give us upto 5137

Monday, 14 November 2011

H&S in nifty

H&S shoulder in nifty. wait for confirm breakout the target is 5040

Saturday, 12 November 2011

bowl in ACC

                     WAIT FOR BREAK OUT. I THINK IT IS A STRONG PATTERN

Friday, 11 November 2011

MAGICAL CHANNEL IN NIFTY

           See the formation of new right shoulder in nifty. if on Monday market formed proper right shoulder then target of nifty is increases from the previous one. but according to current condition right shoulder is too small and price is moving within a channel. if on Monday market directly open below the trend line then target becomes 5042.