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Is the Market forming a “Head & Shoulder” Pattern?

+11
Bond
Slstock
rishanpossitive
hirankb
Backstage
malanp
smallville
sahan8896
traderathome
m2_yapa
Prince
15 posters

Go to page : 1, 2  Next

Is the Market forming a “Head & Shoulder” Pattern .?

Is the Market forming a  “Head & Shoulder” Pattern?  Vote_lcap25%Is the Market forming a  “Head & Shoulder” Pattern?  Vote_rcap 25% [ 7 ]
Is the Market forming a  “Head & Shoulder” Pattern?  Vote_lcap75%Is the Market forming a  “Head & Shoulder” Pattern?  Vote_rcap 75% [ 21 ]
Total Votes : 28

Poll closed

Go down  Message [Page 1 of 2]

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market is trying hard to break the 6,500 mark. Understanding the firm resistance to break the 6,500 magical point, my forecast is that Market is about to form a Head & Shoulder pattern in coming 3 months and gain the momentum in AUG- 2013 to reach new heights.

Is the Market forming a  “Head & Shoulder” Pattern?  Chart110

Is the Market forming a  “Head & Shoulder” Pattern?  Chart211

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Head and shoulder? I c next major resistance at 6600 not at 6500. After vvesak bull will take a rest

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Prince wrote:Market is trying hard to break the 6,500 mark. Understanding the firm resistance to break the 6,500 magical point, my forecast is that Market is about to form a Head & Shoulder pattern in coming 3 months and gain the momentum in AUG- 2013 to reach new heights.

Is the Market forming a  “Head & Shoulder” Pattern?  Chart110

Is the Market forming a  “Head & Shoulder” Pattern?  Chart211
Prince appreciate if you can draw and show us.....the HnS

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Don't thnk so,Price haven't you bought yet or are you waiting till the shoulder.?Some waited for resistance and corrections and you are waiting for a shoulder.Let's see.CSE is full of surprises. Very Happy

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

i dont see the Head,Shoulder,Leg or the Neck...... Surprised

kisima awayawayak penatek maneka nehe...

cheers

prince kollo apiwa baya gassanawa wage.

api HnS walata goooodak bayai...
Razz

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Ahhh.. This cant for another HnS again.. It was in the last 7000 run..

Market may tempporarily turn back but not a HnS.

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It is just a shoulder and a big belly, no head at all.

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

[quote="traderathome"]
Prince wrote:Market is trying hard to break the 6,500 mark. Understanding the firm resistance to break the 6,500 magical point, my forecast is that Market is about to form a Head & Shoulder pattern in coming 3 months and gain the momentum in AUG- 2013 to reach new heights.

if you can draw and show us.....the HnS


Sure...! My prediction is this .... we may see the next high in next September (2013)

Is the Market forming a  “Head & Shoulder” Pattern?  Chart310

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Looks like you have missed the bus and waiting to buy now.Sorry to say this want happen.Next breaking 6500 and going forward. alien

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

[quote="Prince"]
traderathome wrote:
Prince wrote:Market is trying hard to break the 6,500 mark. Understanding the firm resistance to break the 6,500 magical point, my forecast is that Market is about to form a Head & Shoulder pattern in coming 3 months and gain the momentum in AUG- 2013 to reach new heights.

if you can draw and show us.....the HnS


Sure...! My prediction is this .... we may see the next high in next September (2013)

Is the Market forming a  “Head & Shoulder” Pattern?  Chart310
i do not get it right with your forecast.....in trading based on charts we do not want to assume the market may take such and such patterns in the future..etc etc. the underline principle is Market is always right. so our assumptions,forecasts may go for six.

your assumptions that in next 3 months such and such pattern would form carry no weight.....because its way off.....and do not base your trades on the assumption as it can land you with losses if youget it wrong.so i would rather wait for the pattern to complete.....

if you wanna trade on pattern look at SEYBX HnS already formed and CMP in line with the neck line...i target 15rs thats Rs 50/share when actual MP was 35rs when i said its taking the shape of HS...and to trade with care. SEYBX hit 40ish and thrown back to 37 this is the time to BUY target Rs 50/- which is still valid.

TAH

Backstage

Backstage
Moderator
Moderator

Prince wrote:Market is trying hard to break the 6,500 mark. Understanding the firm resistance to break the 6,500 magical point, my forecast is that Market is about to form a Head & Shoulder pattern in coming 3 months and gain the momentum in AUG- 2013 to reach new heights.

Is the Market forming a  “Head & Shoulder” Pattern?  Chart110

Is the Market forming a  “Head & Shoulder” Pattern?  Chart211

He he he, 6 people have voted yes ! lol!

"if you want to know whats under a Scotsmens Kilt, look for the dandruff on the shoes " Laughing

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

traderathome wrote:i dont see the Head,Shoulder,Leg or the Neck...... Surprised

kisima awayawayak penatek maneka nehe...

cheers

prince kollo apiwa baya gassanawa wage.

api HnS walata goooodak bayai...
Razz
Ane apoi same here left shoulder ekatai head ekai balandanam asai eth ethtnin ehatanam I will sell all and my note pad too

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Also on Uptrend we can not say HS inverted because HS is trend reversal.
So are you referring to a Top HS,which i dont see ?
Shocked
appreciate if you can draw the full HS that you see, perhaps this will help all of us to confirm and to inform every 1.
thanks in advance
TAH

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

The head is always big (highest point above both shoulders peaks) and the shoulders are below top of the head.

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SAMP and COMB are two very good indicators of understanding the market's direction.


Anybody with me ......??



Last edited by Prince on Mon May 27, 2013 1:06 pm; edited 1 time in total (Reason for editing : add)

hirankb

hirankb
Senior Equity Analytic
Senior Equity Analytic

why ??? pls.

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

When COMB & SAMP in "red-zone" market sentiment is negative. Which means in a selling trend.

rishanpossitive


Manager - Equity Analytics
Manager - Equity Analytics

Prince wrote:When COMB & SAMP in "red-zone" market sentiment is negative. Which means in a selling trend.
Or when market red COMB,SAMP are in red because of attempts to collect lower.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Maybe a temporary observation these days. Will not always be true right?




Prince wrote:When COMB & SAMP in "red-zone" market sentiment is negative. Which means in a selling trend.

Backstage

Backstage
Moderator
Moderator

This thread is getting better and better ! Thanks Prince

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Yesterday market was up by + 50 points but SAMP & COMB was on a negative note. We all know the close of the market.
We'll test this in tomorrows market.

P/S

Right now the market is in Green + 3.18

Will it be........???????? Or will it not be.....???????

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Head is visible now. Technically its 6200 point is the next resistance going to be.

Is the Market forming a  “Head & Shoulder” Pattern?  Chart411

rishanpossitive


Manager - Equity Analytics
Manager - Equity Analytics

green tomorrow.

Prince

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

We'll apply SAMP & COMB theory tomorrow and see.

Theory was OK for today isnt it.??

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Prince wrote:Head is visible now. Technically its 6200 point is the next resistance going to be.

Is the Market forming a  “Head & Shoulder” Pattern?  Chart411

Ayoo Prince I dont think we're in for another H&S in the verge of a climb.. This is profit taking.. 6500 is a good barrier to break. Thus many ppl are in profits now so before they think whether market needs to go up, they sell at profits.

Panics may follow if it further goes down.. Laughing

Now JKH was too hot few days back and its getting corrected.. Likewise, if CTC and LLUB started a correction, ASI may further go down. Even COMB can take the index down few points with selling going on..

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