BIOCON
Buy @335-337 and add above 347-350
Target : 370- higher
SL 320
Thursday, 24 October 2013
Thursday, 10 October 2013
IDFC : Next Jackpot
Buy IDFC @97 and add on weekly close above 100.
Target 1: 119
Target 2: 150
SL 85 (closing)
Recent success calls: TATAGLOBAL / LUPIN / VOLTAS
Monday, 7 October 2013
Guess what's gonna happen to LUPIN tomorrow morning??
4H chart of LUPIN FUT
Already reco to subscribers for 940-980.
Friday, 4 October 2013
Thursday, 3 October 2013
How to approach H&S pattern or any other technical pattern
This post will shed some light on how to make actual money using pattern break outs.
Actually Chart patterns once successful , looks like a piece of cake to make money. But in real time many traders do not follow any kind of technique and are never able to make money.
Below is the chart of VOLTAS with H&S break out happening today.
Now approach should be to detect this chart pattern early and aggresive trades start accumulating once 2nd shoulder start forming( Actually after breakout of falling trend line). They buy more above break out point and then add again if price retests break out line after break out.
Keep a SL below Shoulder and target equal to height of H&S pattern.
Actually Chart patterns once successful , looks like a piece of cake to make money. But in real time many traders do not follow any kind of technique and are never able to make money.
Below is the chart of VOLTAS with H&S break out happening today.
Now approach should be to detect this chart pattern early and aggresive trades start accumulating once 2nd shoulder start forming( Actually after breakout of falling trend line). They buy more above break out point and then add again if price retests break out line after break out.
Keep a SL below Shoulder and target equal to height of H&S pattern.
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