Friday, November 13, 2009

20Microns


Flag and Pole pattern has formed in 20microns chart and yesterday it gave a breakout from the flag so it could now target rs 59.
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6 comments:

  1. koolfriend4uNovember 14, 2009 at 2:52 AM

    Renu excellent!

    the penant formation & breakout in 20 mic caught @ rit time.

    I hav a query in calculation of tgt.

    we need to calculate the length from 28(where pole starts wit breakout) to 46 (peak) i.e 18

    so tgt cud be 38+18=56 rit?

    if wrong pls correct.

    -karthik
    karthikequity@gmail.com

    ReplyDelete
  2. koolfriend4uNovember 14, 2009 at 2:59 AM

    http://3.bp.blogspot.com/_ygwA_laFMMw/Sv3MATYiAMI/AAAAAAAAAEA/eM-yhy14F-0/s1600-h/20micron.PNG


    Need your view renu

    Thanks in advance

    -karthik

    ReplyDelete
  3. UnknownNovember 14, 2009 at 8:14 PM

    Hi Renu,
    may be I'm wrong as recently I've started learning analysis.My observation is as SAR Red & Green dots' distance is less...then may be one more down leg is pending.Long leg doji on nov13 can be supportive to my observation.I don't want to counterpart ur well studied analysis but just putting my observation here.I'm learning many things from many people including you.
    Regards

    ReplyDelete
  4. varahurvijayakumarNovember 14, 2009 at 11:47 PM

    can u give me a sl for 20microns

    ReplyDelete
  5. RenuNovember 15, 2009 at 10:41 AM

    hi KoolFriend4u,

    the difference between your target and mine is coming because i took 24 as pole bottom.

    hi Amirishali,
    i could be wrong in my analysis as i am also learning like you thanks for putting forward your view.

    hi varahurvijaykumar,
    you could keep stop loss of rs 36 which is little below the base of flag.

    ReplyDelete
  6. RenuNovember 15, 2009 at 1:50 PM

    hi varahurvijaykumar,

    instead of 36 make it 39.

    ReplyDelete

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