LOLC Chart Pattern

nkuda · 1 LOLC Chart Pattern Tue Jan 08, 2013 2:31 pm

nkuda

Manager - Equity Analytics

Posts : 273
Equity Stars : 5287
Reputation : 11
Join date : 2011-02-19

What's your view on LOLC chart pattern, Inverted H/S and Ascending triangle Smile

klpfernando · 2 Re: LOLC Chart Pattern Tue Jan 08, 2013 2:35 pm

klpfernando

Manager - Equity Analytics

Posts : 109
Equity Stars : 4920
Reputation : 3
Join date : 2011-06-02

last minute 1 million shares traded at Rs 60.

traderathome · 3 Re: LOLC Chart Pattern Tue Jan 08, 2013 3:22 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7213
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

nkuda wrote:

What's your view on LOLC chart pattern, Inverted H/S and Ascending triangle

GOOD one too Very Happy

SL 35 PT longterm 100+ know Ideal re-entry was 45-48 Rolling Eyes

missed it unless price come back to 45-50 atleast. Sad

nkuda · 4 Re: LOLC Chart Pattern Tue Jan 08, 2013 3:55 pm

nkuda

Manager - Equity Analytics

Posts : 273
Equity Stars : 5287
Reputation : 11
Join date : 2011-02-19

traderathome wrote:

nkuda wrote:

What's your view on LOLC chart pattern, Inverted H/S and Ascending triangle

GOOD one too

SL 35 PT longterm 100+ know Ideal re-entry was 45-48 missed it unless price come back to 45-50 atleast.

Don't U enter at breakout ? , that breakout happened today ne ?...

traderathome · 5 Re: LOLC Chart Pattern Tue Jan 08, 2013 4:16 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7213
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

original B/O at 43.50 for me re entry @ 48.50 Very Happy

so for me the trade is well and truly is on.... Sad

nkuda · 6 Re: LOLC Chart Pattern Tue Jan 08, 2013 4:26 pm

nkuda

Manager - Equity Analytics

Posts : 273
Equity Stars : 5287
Reputation : 11
Join date : 2011-02-19

traderathome wrote:original B/O at 43.50 for me re entry @ 48.50 so for me the trade is well and truly is on....

What about ascending triangle breakout ?

traderathome · 7 Re: LOLC Chart Pattern Tue Jan 08, 2013 4:43 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7213
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

its technically can not be called as an ascending triangle know ? ....becos ascending triangle forms during uptrend as a continuation pattern, in this case prior trend was a bearish therefore we should look for a reversal pattern ? grrrrrrr

so the more closest formation for me is a Rounding Bottom..... Very Happy

Any How that B/o did not occur as far as i see....but as per my trading method...the b/o occured at the levels i stated earlier....

we should basically ride the trend as of now......imo with the seat belts on ..do slight jolts will not affect for a throwing-up

TAH cheers