My Technical Analysis Diary. . . . .Invest in stocks only after you have done your own Risk Management
Hey, so nice to have found this blog of yours, so interesting. I sure hope and wish that you take courage enough to pay me a visit in my PALAVROSSAVRVS REX!, and plus get some surprise. My blog is also so cool!
so it didnt turn out to be a bearish flag--did it. i dont want to make a silly remark about it -- what my interest is to ask you---what do u think was that pennant and how wud u explain the move to 1300+ now---thanks
Thanks for the comments as I did not do any follow up on this one. I do not take short positions. It was a caution call.While I am not a proffessional and am bound to go wrong. If you read my FAQ you will find that predictions can go wrong and you must have your backup plan.Now comming to he move to above 1300. Usually I do not analyze the reason behind the move but I try to predict "What Next" BUT will try to answer you Note that the move is with lot of volumes. There might be some bad news expected in this stock and it fell on 15th while till 25th it would have become clear that the bad is not so bad and also there is an expiry of the F&O comming so lot of postion unwinding would have occured. While the move on 25th have atleast given us to think afresh in this counter.PS: thanks for maintaning net etiquite and not making silly comments.
frnd- i also got thinking and concluded tht it was more of a symmetrical triangle rather than a flag.... thts all i can say -- i was actually asking ur tech view on the same and not a non tect reason like bad news etc.. any way i dont expect any more replies on the subject since i am sure u will have more calls to post etc and must be busy--if u do feel like chatting... email me! thanks for taking the trouble and answering even this much-- happy trading!
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