Friday, September 4, 2009
Symmetric Triangle in NTPC - 3rd Sep 09
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NTPC Chart - Daily:
NTPC formed a Symmetric Triangle in Daily charts, trade triggers after the breakout or breakdown with volume confirmation. Price nearing Apex, so go for big filters.
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6 comments:
Again excellent spotting Doji. I acted a bit early and took some at 206.3 in futures and slept off (I am on a visit to US and kept orders and slept). I am too early. 204/203/202 is possible. But I am sure, I will get a chance to exit that with little profit today and reenter at lower levels. Again, I say thanks, Doji. I am getting into a habit of confirming my own analysis with yours and that gives me confidence to proceed further.
Thanks for your comment Ramani. Appreciate writing your view.
I understand the pain, especially if you are from the east coast :) Cheers!
Doji
Hi Doji,
I feel, NTPC is near break up/down. But keeping over all trend cycle, NTPC is near break up. Your comments please.
Hi Ramani,
I think it is better to wait for the break out in NTPC and trade it. It underperformed from past 3 to 4 months. If it give break out from its consolidation we can expect a good move.
Doji
hi doji, good morning still there is some problem in tick data like high of the intraday is same or higher from 10 am to 12.3 pm.
Hi Viji,
Which scrip are you having this problem with?
Doji
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