Friday, September 11, 2009

Update on Bullish ABCD pattern in Tatasteel - 11th Sep 09

TataSteel Chart - Hourly:
I have entered the trade with ABCD pattern which I have posted earlier. Now updating the extended targets for the Gartley pattern marked in the above chart with targets. I wanted to accumulate this scrip in the dips so I planed and booked out 75% of the holdings at each target, so that I would be in profit even if it hit stop loss. But even in a feeble day as yesterday, it managed to hold good.

TataSteel Chart - Daily:
On the daily charts it has broken the previous pivot, which again indicates strength. I would like to add in dips depending up on situation. Expect some updates.

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