Bullish 3 Drive pattern is formed in ICICI Bank, Convergence of Fibonacci ratio is at 711. Little variance in the symmetry is visible. Fibonacci ratios are good. 3 Drive pattern is a reversal pattern it generally forms at the important reversals. Watch out for the entry signals to enter the long trade.
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Update at 10:05 AM:
It broke the 711 in the opening it self , hence no trade.
5 comments:
hi..@ to kruichh and doji..-----'ll not say thanks again and again.but only 1 word--u are simply awesome.in ur charting ability and anlysis..appreciated.and ur detailed advise and recomendations are graet..its nice reading ur blog daily.i hav recomended ur bolg to many of my trader friends..KEEP POSTING SUCH NICE ANAKLYSIS REPORT AND CHART PATTERNS AND SIGNALS OF BUY AND SELL REGULARLY.GOD BLESS U. and thanks for all advise on amibroker,and all advises ,related to it..chart reader simply rocks.
Thank you Art. Appreciate your nice words :)
ha ha ha ..doji and i thiught it was for me :0
doji..wanted to ask u something ?? do u possess some gartley goggles,if not, then how do such patterns come to ur mind instantly looking at a chart ?
Hi Kurichh,
Initially I used the gartley afl, I posted earlier on my blog.
http://www.chartreader.co.in/2009/04/gartley-afl-script.html
But now, I prefer scanning stocks by eye. I have about 40 odd scrips that I track every day. And when you try to analyze them every day, it doesnt take more than 2 hours of time. Also, it helps me to learn and improve.
And, I too appreciate you taking time to help out people on amibroker and data :)
Doji
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