Friday, June 29, 2012

Nifty breaks out of the ascending triangle.

Ascending Triangle (as a Continuation pattern)

Definition of 'Ascending Triangle'

A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. The chart below is an example of an ascending triangle:

Ascending Triangle
Read more: http://www.investopedia.com/terms/a/ascendingtriangle.asp#ixzz1zAzPWA2a

25 comments:

HARISH TAHKKAR said...

....Now monthly Bar Reversal too.
May : H 5280 L 4789 C 4924
June : H 5273 L 4770 C 5279
C = 5279 > M.CEMA 5173
> M.JNSAR 5163

Rajib said...

Not sure whether this will sound boasting ... but my chart reading told it last week.

Regards,
Rajib

SURESH NIFTY said...

Dear all blogmates,,,Happy weekend,,,,

Ilango Sir,,,I will be hoping some nice articles from to read in weekend ,,,so that we all can get motivated towards life & learn something,,,

Mr. Sultan said...

How to calculate sar n keep position on d base of sar or 5 dema? Arrey koi to bolo?

Dinesh Rishi said...

Sringesh

not in good taste

Plz delete it

Dinesh Rishi said...

Mr. Sultan

mail me and give me ur cell No. I will clear all your doubts.

Sringesh said...

DR,
Can't see the delete button. If you can please do it from your end.

Dinesh Rishi said...
This comment has been removed by the author.
Dinesh Rishi said...

Sringesh

after you log in

delete button is after date and time of your comment

small dustbin icon

shriram said...

Re-calib lables from 5629 as:-

Ya 5629 4770 -859

Yb up can tgt 61.8% retrace @ 5301
Yb 4770 5301 -531 0.618

Within this Yb,


Yb.A 4770 5124 -354
Yb.B 5124 5048 76 -0.214689266

Yb.C 5048 5272 -354

Already done 65.2% x Yb.A

Next tgts 76.4 % = 5318 & c=A = 100% = 5402

Enjoy the Long train :-)

salimkabani said...

As per wavetimes.com Ramki's view nifty may resist at 5290 and come down to 4533. Pl. Discuss and guide with the angle of EW.

Mr. Sultan said...

Dinesh sir my mob num is 9892182919 dinesh rishi u can call me any time

Mr. Sultan said...

I dnt hv yr email id yhatswhy i send my mobik num, sorry to disturb u sir

Sujatha said...

sultan- remove ur mobile no. dont post @ public blog if u want send it to sir or take DR-ji's id from sir. hope u don't mind

regards

Mr. Sultan said...

Thnk u sujatha do uu hav sirs id?

Mr. Sultan said...

Dr sr plz giv me yr id

Nilesh Patil said...

@Cooldant sir & all Dr. Friends
Doctor’s prescription 4u.
A cute little smile 4breakfast.
More laughs 4lunch.
Lots of happiness 4dinner.
Wish you Happy Doctors Day

Shivani Bhasin said...
This comment has been removed by the author.
My Life My Trade said...

It is most bullish at the top .... IMO this will turn out to be fake breakout... All of Friday's buyers will get slaughtered no later than Tuesday

HARISH TAHKKAR said...

Opinion : Trend following along with JNSAR is neither bullish nor bearish.It is staying objective as JNSAR takes care of not only capital but part of profit that may aries.
Present buy mode will get auto converted into sell mode if it is fake breakout or if it is real it will trail the profit ahead.Let the market to show its hand.Follow and flourish is better than be a biased.

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