AMARAJABAT completed the head n shoulders and a round bottom. Currently on the support resistance zone awaiting a breakout or reversal. to make the handle. of the cup Without the ghost of Charlie Chaplin-->
Here are top 10 charts that are at an interesting point in their lives.Some are at a make or Break level , some are heading towards completion of certain pattern etc. A birds eye view just so that one knows whats happening in their life. - Monthly timeframe- BHEL-->Lifetime TRIANGLE TATASPONGE--> BAT in the making HINDALCO---> Lifetime Channel L&T -->...
LT made a huge leg to jump to the top edge of the weekly rising wedge.Awaiting a breakout/Reversal.
BHEL made a big leg up, to reach the top of the channel.Awaiting a breakout/reversal .
TATASTEEL moving in a rising wedge recently tested the 7 year high, making a second attempt, with a good fight from either side, while others wait on sidelines to see who wins.
BAJFINANCE has been respecting the neckline for a month now. Spending most of its time above it, its back on the neckline. Awaiting a breakdown or reversal.
GAIL is moving in an up channel for almost a month now. Currently on the edge of the channel. Awaiting a reversal or breakdown
BPCL has been moving in the rising wedge for more than a year. currently on the bottom of the lower edge, awaiting a breakdown or reversal.
Its been a fun year with all you guys and all the charts. With few animals around, thought i wud compile them into THE JUNGLE BOOK: A guide to ANIMAL PATTERNS :D ALso i'd like to mention a few of the few_too_many cool people out in this jungle of charts. ======BravetoTrade For his great insight and extraordinary Educational posts,BravetoTrade has been...
AURO has been moving in a down channel since a month. Currently making an ascending triangle along the neckline, reaching the edge of the channel. Awaiting a breakout of the channel or a reversal to complete another leg in the triangle.
TORNTPAHRM has been moving in a slow rising channel for 6 months now. Cirrently on the edge awaiting a breakout or reversal.
DHFL Broke out of the month long down channel and is retesting the trendline, holding on 618FIB. May bounceback or fall down to complete another leg.
BEML has been in the correction mode, moving in a down channel for a few months.(make no mistake, its has moved from 200 to 2000 in 3 years) Its on the edge of daily/weekly timeframes, for a possible bounce up. As of now, awaiting the breakout/reversal from the this hourly down channel
RAYMOND has been moving strong in a rising wedge for months. Making new highs everytime. Recently made another lifeteime highs and is flagging up on the edge of the wedge(lot of dojis and hammers and stars).Awaiting a Reversal/Breakout from that level.
INDIA_CEMENT has been moving in a falling wedge for a year now. Made a strong legup to reach the edge of the wedge.May FLag_up a bit before reversal or breakout
IBREALEST is moving in a traingle for 6 months now. The wicks are spot on the trentline. The last testing of trendline cudnt push it high enough, and its back on the edge. Awaiting a breakdown or reversal. Its closing towards 200 ema.
DLF has been testing the 3 yrs highs last couple of weeks, but this week it made a huge engulfing candle, engulfing last 3 weeks and is above the 2014 high level.Since its weekly,the close of the candle should give the better idea, since it can very well close below that level, leaving just the weekly_wick above and retrace. 2Hour-->