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Thursday, July 2, 2009

Some Patterns from Yesterday (July 01)

These are the some stocks I was tracking yesterday, and I couldnt post on the blog due to lack of time. Posting them now for sake of record and study purpose.

Bearish ABCD Pattern in Reliance, which has perfect AB=CD and the retracements were good. CD is exactly the 100% extention of AB. Below is the 5 min chart of Reliance:


Golden Renuka :), Which was perfect trade for today.
Bearish ABCD Pattern in Renuka sugars. This is the perfect ABCD pattern with golden ratios.
AB is perfectly equal to CD. Below is the 5 min chart of Renuka Sugars:


Failed break out in LT (Wyckoff Terminal Uptrust). Below is the 5 min chart of LT:

 

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