A Symmetric Triangle is formed in GMR Infra, but volume pattern is not consolidating. Trade must be taken with caution, confirming volumes at the break out is must. Strict stop loss must be followed with this trade.
Tuesday, August 4, 2009
Symmetric Triangle in GMR Infra - 4th Aug 09
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GMR Infra Chart - Hourly:
A Symmetric Triangle is formed in GMR Infra, but volume pattern is not consolidating. Trade must be taken with caution, confirming volumes at the break out is must. Strict stop loss must be followed with this trade.
A Symmetric Triangle is formed in GMR Infra, but volume pattern is not consolidating. Trade must be taken with caution, confirming volumes at the break out is must. Strict stop loss must be followed with this trade.
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3 comments:
hi;
im really impressed by the way of ur explanation of chart patterns..thanks a ton.would also like to see more of those patterns,keep it up..i wanted to ask actually,which software do u use,and have been using in getting such graphs,and this type of charts.is it brokers software or paid softwares.plz if u dont mind would u let me know ur software..im using brokers trader terminal,but im limited in getting only intraday graph,thats why..plz looking forward.
@ art..
the software used is "amibroker "
Hi art,
Thank you for your nice words, I am using amibroker for charts.
-Doji
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