It looks like GAIL has Head & Shoulder neckline breakout. Will observe for few days
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Price will go down? Always remember this great saying by Jesse Livermore- The Stock Market is never obvious, It is designed to fool most of the people most of the time.
Target reached !!!!!!!!! Don't misguide people, you claimed a head and shoulder pattern which never happened,
Siddharth_Ruhil
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@nil00072010, Its funny how target reached was claimed. If u see my comment i mentioned clearly about the support and waiting for the confirmation. Its soo bad that people are being misguided. I agree with you and its time to take down such people and make them atleast admit it.
nikky2201
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@Siddharth_Ruhil, How rude dude? Do you take trades based on people idea? Everyone is learning here. No one knows how market will behave and no one can predict also. Every one is just making wild guess and presenting their ideas. I also did the same thing. I did not say go long or go short. See the subject line - GAIL - Neckline Breakout?
Siddharth_Ruhil
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@nikky2201, then how target done without any trade?
I dont have any absolutely any issue with your trade or analysis or it being a success or fail. But why target done?
And i apologise if it felt rude had no intention for that. Its a professional platform and i dont want to be rude to anyone. I just want a clarity if there wasnt any active trade then how target.
The point is people look upon these analysis and they get confused how target was done. Either you can give a small description that the long setup was active and hence target. I think if we are posting the analysis its our responsibility to guide right.
nikky2201
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@Siddharth_Ruhil, I had taken trade and exited that that's why I mentioned Target done. And why I will mention my position details here? In this post I asked people what they think is this Head & Shoulder breakout? That was just a question? I did not give any entry or exit point. What is this ? " its time to take down such people and make them at least admit it." Before coming to any conclusion be patient and think twice what you are posting don't arrive to any conclusion in haste.
I still don't get it when I did not share any entry, sl and target then how I am misguiding people.
@Siddharth_Ruhil, you are right bro, his analysis was inaccurate from the beginning see my 1st May's comment where I clearly mentioned that head and shoulder will not happen, at that time he was adamant and now says i am not responsible, what a joke
nikky2201
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@nil00072010, I think you have not read my post clearly. Please read it again. My analysis was posted on April 24th asking is this Head & Shoulder breakout? And your comment was posted on May 1st. Obviously scenario had changed by that time. Any one can make out by seeing last few days candles. Were you able to make out on April 24th where that would have gone next day?
Siddharth_Ruhil
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@nil00072010, Leave no point of arguing mate, its better we focus on our analysis rather than following such things. Everyone has a perspective lets just move on.