Thursday, July 30, 2009

Update on Descending Triangle in JPAssociates - 30th Jul 09

Intraday Chart - 5 mins:
Update on Descending Triangle in JP Associates, it formed a descending triangle with declining volumes. It gave a good break down but it failed in the retest to the support line of the triangle today.

4 comments:

Unknown on August 1, 2009 at 3:18 PM said...

Hi Doji,
What could be the breakout targets now as it has given breakout from descending triangle with good volumes.
Thanks

Doji (Blog Author) on August 3, 2009 at 3:33 AM said...

Amirishali,
The update I gave is that the pattern failed after the breakout.

Doji

viju on August 3, 2009 at 10:57 AM said...

Hi doji,
One more question to ask suppose I have IEOD of nifty of last one year in 1 min and not having in different time frame like 5 min or more.Can I see(1 min IEOD) it in Amibroker in different time frame Like 5 min,10 min or half hour,hourly.If not plz guide me what to do or what we should have.

Doji (Blog Author) on August 3, 2009 at 2:09 PM said...

Viju,

yes, its possible. In amibroker, change timeframe from view menu.

Doji

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