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FINANCIAL CHRONICLE™ » CHRONICLE™ ANALYTICS » Technical Analytics & Charts (1)

Technical Analytics & Charts (1)

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41Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Fri Mar 16, 2012 8:23 am

K.Haputantri


Co-Admin
Thank you TAH for the quick response. I think, I have not made myself clear in the second issue raised. In fact, I have confused you asking the wrong question. The lenght of those dotted arrows at the end of in your ABCD charts are irrelavent as they mearly give Sell/Buy signals. Kindly correct me if I am wrong.

Actually, my quarry relates to the red arrow Up/down pointing Target Zones in your charts of 14th instant on Swarnamahal, Dial & OGL. It appears they are drawn manually. As you are aware, manual work can be arbitrary some times. Hence, ?Can you help in the correct method of identifying the target zone with any guide lines etc.

42Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Fri Mar 16, 2012 8:30 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@K.Haputantri wrote:Thank you TAH for the quick response. I think, I have not made myself clear in the second issue raised. In fact, I have confused you asking the wrong question. The lenght of those dotted arrows at the end of in your ABCD charts are irrelavent as they mearly give Sell/Buy signals. Kindly correct me if I am wrong.

Actually, my quarry relates to the red arrow Up/down pointing Target Zones in your charts of 14th instant on Swarnamahal, Dial & OGL. It appears they are drawn manually. As you are aware, manual work can be arbitrary some times. Hence, ?Can you help in the correct method of identifying the target zone with any guide lines etc.
If you look at the initial posts from baby pips i put, can you see the BLUE arrow those are the levels but i prefer to keep 1 Fib level below the target to be safe. Laughing so that our targets will hit more often than not. Very Happy

43Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Fri Mar 16, 2012 3:10 pm

K.Haputantri


Co-Admin
Thanks TAH for your valuable advise.

44Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sat Mar 17, 2012 10:59 pm

Kumar


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks traderathome.
Good work and new strategy.

45Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sun Mar 18, 2012 9:50 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is my analysis for AHUN N, I will try to put my analysis once a week before monday morning.Please accept my advance apology in case i miss or delay in the future.

The Share price pattern is confirmed as a falling wedge. A Typical trend reversal pattern and known as a bullish pattern.

I have depicted possible price reversal zones with Resistance level, So trade with caution. Due to I see a bearish gartley pattern in the formation at PRZ1 and PRZ2 price action can form to be a bearish crab.


Happy Trading,


[You must be registered and logged in to see this image.]

Please do your due diligence and consult your stock broker and this is not a BUY/SELL or Hold advise.

46Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sun Mar 18, 2012 11:13 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
TAH,

Thanks for the valuable effort.. If you look at most of the charts, they fall into falling wedges as I noticed but they keep fallin so finding a reversal point is a bit difficult.. Wink
Added to this ASI is nowhere signelling a reversal as last Friday high TO was due to several high calibre crossings.. not much of retail activities..

Therefore aprt from the trades we make, a point to consider is the crowd mentality at a greater extent.. A possible price action on a chart can get changed due to unfavourable news even...

Keep up the good work, I'm sure we can analyse few potential winners with gartley Wink

47Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sun Mar 18, 2012 11:20 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes. AHUN shows a bearish W type gartley pattern.

As you can see bellow my program picked up a bullish M type gartley pattern. EAST, So you might wanna keep it under watch. But you know what they always say, This M is not like this m.

[You must be registered and logged in to see this image.]

Hey trader@home can you show how come AB=CD ?
HOw to measure it using Fibonacci ?

Thanks

48Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 9:09 am

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yeah
Falling Wedge is one of the hardest patterns to identify exact buy point!
Better to wait till pullback closes above the breakout's high!

49Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 9:43 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
If anyone is interested, here's the HARMONIC PATTERN DETECTION AFL code for AmiBroker Wink This is what I used so far..


/* HARMONIC PATTERN DETECTION */



_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

_SECTION_BEGIN("Gartley");

GBmin = Param("Swing B Min.",0.55,0.3,1,0.01);
GBmax = Param("Swing B Max.",0.72,0.4,1,0.01);
GCmin = Param("Swing C Min.",0.38,0.3,1.27,0.01);
GCmax = Param("Swing C Max.",1.0,0.4,1.27,0.01);
GDmin = Param("Swing D Min.(XA)",0.55,0.3,1,0.01);
GDmax = Param("Swing D Max.(XA)",1.0,0.4,1.0,0.01);

_SECTION_END();

_SECTION_BEGIN("Bat");

BatBmin = Param("Swing B Min.",0.38,0.3,1,0.01);
BatBmax = Param("Swing B Max.",0.55,0.4,1,0.01);
BatCmin = Param("Swing C Min.",0.38,0.3,1.62,0.01);
BatCmax = Param("Swing C Max.",1.27,0.4,1.62,0.01);
BatDmin = Param("Swing D Min.(XA)",0.5,0.3,1,0.01);
BatDmax = Param("Swing D Max.(XA)",1.0,0.4,1.0,0.01);

_SECTION_END();

_SECTION_BEGIN("Butterfly");

BtBmin = Param("Swing B Min.",0.55,0.3,1,0.01);
BtBmax = Param("Swing B Max.",0.9,0.4,1,0.01);
BtCmin = Param("Swing C Min.",0.38,0.3,1.62,0.01);
BtCmax = Param("Swing C Max.",1.27,0.4,1.62,0.01);
BtDmin = Param("Swing D Min.(XA)",1,1,1.8,0.01);
BtDmax = Param("Swing D Max.(XA)",1.38,1,1.8,0.01);

_SECTION_END();

_SECTION_BEGIN("Crab");

CBmin = Param("Swing B Min.",0.38,0.3,1,0.01);
CBmax = Param("Swing B Max.",0.65,0.4,1,0.01);
CCmin = Param("Swing C Min.",0.38,0.3,1.62,0.01);
CCmax = Param("Swing C Max.",1.270,0.4,1.62,0.01);
CDmin = Param("Swing D Min.(XA)",1.25,1,1.8,0.01);
CDmax = Param("Swing D Max.(XA)",1.8,1,2,0.01);

_SECTION_END();

_SECTION_BEGIN("Patterns");

strength = Param("Strength",5,2,15,1);
bu = ParamToggle("Bullish Pattern","Off|On",1);
be = ParamToggle("Bearish Pattern","Off|On",1);

bi = Cum(1)-1;

function GetTop(bars)
{
Top = H == HHV(H,2*bars) AND Ref(HHV(H,bars),bars) < H;
Top = Top AND LastValue(bi)-ValueWhen(Top,bi) > bars;
return Top;
}

function GetValley(bars)
{
Valley = L == LLV(L,2*bars) AND Ref(LLV(L,bars),bars) > L;
Valley = Valley AND LastValue(bi)-ValueWhen(Valley,bi) > bars;
return Valley;
}


// Build fractals array

P1 = GetTop(strength);
V1 = GetValley(Strength);

P1 = IIf(P1,IIf(ValueWhen(P1,bi,2) < ValueWhen(V1,bi),P1,IIf(ValueWhen(P1,H,2) > H,False,P1)),P1);
//P1 = IIf(P1 AND ValueWhen(P1,bi,0) > bi,IIf(ValueWhen(P1,bi,0) < ValueWhen(V1,bi,0),IIf(ValueWhen(P1,H,0) >= H,False,P1),P1),P1);
P1 = IIf(P1 AND ValueWhen(P1,bi,0) > bi AND NOT(ValueWhen(V1,bi,0) > 0 AND ValueWhen(V1,bi,0)

V1 = IIf(V1,IIf(ValueWhen(V1,bi,2) < ValueWhen(P1,bi),V1,IIf(ValueWhen(V1,L,2)//V1 = IIf(V1 AND ValueWhen(V1,bi,0) > bi ,IIf(ValueWhen(V1,bi,0) < ValueWhen(P1,bi,0),IIf(ValueWhen(V1,L,0) <= L, False,V1),V1),V1);
V1 = IIf(V1 AND ValueWhen(V1,bi,0) > bi AND NOT(ValueWhen(P1,bi,0) > bi AND ValueWhen(P1,bi,0)=ValueWhen(V1,L,0),False,V1),V1);


P1H1 = ValueWhen(P1,H);
P1Bar1 = ValueWhen(P1,bi);
P1H2 = ValueWhen(P1,H,2);
P1Bar2 = ValueWhen(P1,bi,2);
V1L1 = ValueWhen(V1,L);
V1Bar1 = ValueWhen(V1,bi);
V1L2 = ValueWhen(V1,L,2);
V1Bar2 = ValueWhen(V1,bi,2);


//Bullish Patterns

PTvalid = (P1Bar1 > V1Bar1 AND V1Bar1 > P1Bar2 AND P1bar2 > V1Bar2) AND P1; // Peaks and troughs are in order

// 4 swings of developing Gartley/Bat etc.

BullGartley4 = PTvalid AND (P1H2-V1L1)/(P1H2-V1L2) > GBmin AND (P1H2-V1L1)/(P1H2-V1L2) < GBmax
AND (P1H1-V1L1)/(P1H2-V1L1) > GCMin AND (P1H1-V1L1)/(P1H2-V1L1) < GCMax;

BullBat4 = PTvalid AND (P1H2-V1L1)/(P1H2-V1L2) > BatBmin AND (P1H2-V1L1)/(P1H2-V1L2) < BatBmax
AND (P1H1-V1L1)/(P1H2-V1L1) > BatCMin AND (P1H1-V1L1)/(P1H2-V1L1) < BatCMax;

BullButterfly4 = PTvalid AND (P1H2-V1L1)/(P1H2-V1L2) > BtBmin AND (P1H2-V1L1)/(P1H2-V1L2) < BtBMax
AND (P1H1-V1L1)/(P1H2-V1L1) > BtCmin AND (P1H1-V1L1)/(P1H2-V1L1) < BtCmax;

BullCrab4 = PTvalid AND (P1H2-V1L1)/(P1H2-V1L2) >CBmin AND (P1H2-V1L1)/(P1H2-V1L2) < CBmax
AND (P1H1-V1L1)/(P1H2-V1L1) > CCmin AND (P1H1-V1L1)/(P1H2-V1L1) < CCmax;


// Bullish Gartley/Bat found. D retacement level is not evaluated

BullGartley = IIf(LowestSince(BullGartley4,L) < ValueWhen(BullGartley4,P1H2)-(ValueWhen(BullGartley4,P1H2)-ValueWhen(BullGartley4,V1L2))*GDmin AND
LowestSince(bullGartley4,L) > ValueWhen(BullGartley4,P1H2)-(ValueWhen(BullGartley4,P1H2)-ValueWhen(BullGartley4,V1L2))*GDmax AND
HighestSince(BullGartley4,H) <= ValueWhen(BullGartley4,P1H1 ) AND
LowestSince(bullGartley4,L)==L, True,False);
BullGartley = BullGartley AND LowestSince(BullGartley4,L) < ValueWhen(BullGartley4,V1L1);

BullBat = IIf(LowestSince(BullBat4,L) < ValueWhen(BullBat4,P1H2)-(ValueWhen(BullBat4,P1H2)-ValueWhen(BullBat4,V1L2))*BatDmin AND
LowestSince(BullBat4,L) > ValueWhen(BullBat4,P1H2)-(ValueWhen(BullBat4,P1H2)-ValueWhen(BullBat4,V1L2))*BatDmax AND
HighestSince(BullBat4,H) <= ValueWhen(BullBat4,P1H1 ) AND
LowestSince(BullBat4,L)==L, True,False);
BullBat = BullBat AND LowestSince(BullCrab4,L) < ValueWhen(BullCrab4,V1L1);


BullCrab = IIf(LowestSince(BullCrab4,L) < ValueWhen(BullCrab4,P1H2)-(ValueWhen(BullCrab4,P1H2)-ValueWhen(BullCrab4,V1L2))*CDmin AND
LowestSince(BullCrab4,L) > ValueWhen(BullCrab4,P1H2)-(ValueWhen(BullCrab4,P1H2)-ValueWhen(BullCrab4,V1L2))*CDmax AND
HighestSince(BullCrab4,H) <= ValueWhen(BullCrab4,P1H1 ) AND
LowestSince(bullGartley4,L)==L, True,False);
BullCrab = BullCrab AND LowestSince(BullCrab4,L) < ValueWhen(BullCrab4,V1L2);


BullButterfly = IIf(LowestSince(BullButterfly4,L) < ValueWhen(BullButterfly4,P1H2)-(ValueWhen(BullButterfly4,P1H2)-ValueWhen(BullButterfly4,V1L2))*BtDMin AND
LowestSince(BullButterfly4,L) > ValueWhen(BullButterfly4,P1H2)-(ValueWhen(BullButterfly4,P1H2)-ValueWhen(BullButterfly4,V1L2))*BtDmax AND
HighestSince(BullButterfly4,H) <= ValueWhen(BullButterfly4,P1H1 ) AND
LowestSince(bullButterfly4,L)==L, True,False);
BullButterfly = BullButterfly AND LowestSince(BullButterfly4,L) < ValueWhen(BullButterfly4,V1L2);



// to remove redumbdent lines

BullHar4 = BullGartley4 OR BullButterfly4 OR BullBat4 OR BullCrab4 ;
BullHar = BullGartley OR BullButterfly OR BullBat OR BullCrab ;

Point4 = IIf(BullHar,ValueWhen(BullHar4,bi),Null);
BullHar = IIf(BullHar, IIf(Point4 == ValueWhen(BullHar,point4,0) AND ValueWhen(BullHar,bi,0) > bi ,False,BullHar),BullHar);

X = ValueWhen(BullHar4,V1L2);
Xbar = ValueWhen(BullHar4,V1Bar2);
A = ValueWhen(BullHar4,P1H2);
Abar = ValueWhen(BullHar4,P1bar2);
B = ValueWhen(BullHar4,V1L1);
Bbar = ValueWhen(BullHar4,V1bar1);
C1 = ValueWhen(BullHar4,P1H1);
C1bar = ValueWhen(BullHar4,P1bar1);
D = ValueWhen(BullHar,L);
Dbar = ValueWhen(BullHar,bi);
ABdXA = (A-B)/(A-X);
BCdAB = (C1-B)/(A-B);
ADdXA = (A-D)/(A-X);
BCdCD = (C1-D)/(C1-B);

PlotPattern = Dbar > C1bar;
if(LastValue(PlotPattern) AND bu)
{
Plot( LineArray(LastValue(Xbar),LastValue(X),LastValue(Abar),LastValue(A)),"",colorBlue,styleThick);
Plot(LineArray(LastValue(Abar),LastValue(A),LastValue(Bbar),LastValue(B)),"",colorBlue,styleThick);
Plot(LineArray(LastValue(Bbar),LastValue(B),LastValue(C1bar),LastValue(C1)),"",colorBlue,styleThick);
Plot(LineArray(LastValue(C1bar),LastValue(C1),LastValue(Dbar),LastValue(D)),"",colorBlue,styleThick);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Bbar),LastValue(B)),"",colorBlue,styleDashed);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Abar),LastValue(A)),"",colorBlue,styleThick);
Plot(LineArray(LastValue(Abar),LastValue(A),LastValue(C1bar),LastValue(C1)),"",colorBlue,styleDashed);
Plot(LineArray(LastValue(Bbar),LastValue(B),LastValue(Dbar),LastValue(D)),"",colorBlue,styleDashed);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Dbar),LastValue(D)),"",colorBlue,styleDashed);

PlotText(NumToStr(LastValue(ABdXA),1.2),(LastValue(Bbar)+LastValue(Xbar))/2,(LastValue(B)+LastValue(X))/2,colorBlue);
PlotText(NumToStr(LastValue(BCdAB),1.2),(LastValue(C1bar)+LastValue(Abar))/2,(LastValue(C1)+LastValue(A))/2,colorBlue);
PlotText(NumToStr(LastValue(ADdXA),1.2) ,(LastValue(Dbar)+LastValue(Xbar))/2,(LastValue(D)+LastValue(X))/2,colorBlue);
PlotText(NumToStr(LastValue(BCdCD),1.2),(LastValue(Bbar)+LastValue(Dbar))/2,(LastValue(B)+LastValue(D))/2,colorBlue);
}

// Bearish Patterns

PTvalid = (V1Bar1 > P1Bar1 AND P1Bar1 > V1Bar2 AND V1Bar2 > P1Bar2) AND V1;

// Swing 4

BearGartley4 = PTvalid AND (P1H1-V1L2)/(P1H2-V1L2) > GBmin AND (P1H1-V1L2)/(P1H2-V1L2) < GBmax AND
(P1H1-V1L1)/(P1H1-V1L2) > GCmin AND (P1H1-V1L1)/(P1H1-V1L2) < GCmax;

BearBat4 = PTvalid AND (P1H1-V1L2)/(P1H2-V1L2) > BatBmin AND (P1H1-V1L2)/(P1H2-V1L2) < BatBmax AND
(P1H1-V1L1)/(P1H1-V1L2) > BatCmin AND (P1H1-V1L1)/(P1H1-V1L2) < BatCmax;

BearButterfly4 = PTvalid AND (P1H1-V1L2)/(P1H2-V1L2) > BtBmin AND (P1H1-V1L2)/(P1H2-V1L2) < BtBmax AND
(P1H1-V1L1)/(P1H1-V1L2) > BtCmin AND (P1H1-V1L1)/(P1H1-V1L2) < BtCmax;

BearCrab4 = PTvalid AND (P1H1-V1L2)/(P1H2-V1L2) > CBmin AND (P1H1-V1L2)/(P1H2-V1L2) < CBmax AND
(P1H1-V1L1)/(P1H1-V1L2) > CCmin AND (P1H1-V1L1)/(P1H1-V1L2) < CCmax;

// Poin D

BearGartley = IIf(HighestSince(bearGartley4,H) > ValueWhen(BearGartley4,V1L2) + (ValueWhen(BearGartley4,P1H2) - ValueWhen(BearGartley4,V1L2))*GDmin AND
HighestSince(bearGartley4,H) < ValueWhen(BearGartley4,V1L2) + (ValueWhen(BearGartley4,P1H2) - ValueWhen(BearGartley4,V1L2))*GDMax AND
LowestSince(BearGartley4,L) >= ValueWhen(BearGartley4,V1L1 ) AND
HighestSince(BearGartley4,H) == H, True, False);
BearGartley = BearGartley AND HighestSince(BearGartley4,H) > ValueWhen(BearGartley4,P1H1);

BearBat = IIf((HighestSince(BearBat4,H) > ValueWhen(BearBat4,V1L2) + (ValueWhen(BearBat4,P1H2) - ValueWhen(BearBat4,V1L2))*BatDmin AND
HighestSince(BearBat4,H) < ValueWhen(BearBat4,V1L2) + (ValueWhen(BearBat4,P1H2) - ValueWhen(BearBat4,V1L2))*BatDMax AND
LowestSince(BearBat4,L) >= ValueWhen(BearBat4,V1L1 ) AND
HighestSince(BearBat4,H) == H), True, False);
BearBat = BearBat AND HighestSince(BearBat4,H) > ValueWhen(BearBat4,P1H1);

BearButterfly = IIf(HighestSince(BearButterfly4,H) > ValueWhen(BearButterfly4,V1L2) + (ValueWhen(BearButterfly4,P1H2) - ValueWhen(BearButterfly4,V1L2))*BtDmin AND
HighestSince(BearButterfly4,H) < ValueWhen(BearButterfly4,V1L2) + (ValueWhen(BearButterfly4,P1H2) - ValueWhen(BearButterfly4,V1L2))*BtDMax AND
LowestSince(BearButterfly4,L) >= ValueWhen(BearButterfly4,V1L1 ) AND
HighestSince(BearButterfly4,H) == H, True, False);
BearButterfly = BearButterfly AND HighestSince(BearButterfly4,H) > ValueWhen(BearButterfly4,P1H2);

BearCrab = IIf(HighestSince(BearCrab4,H) > ValueWhen(BearCrab4,V1L2) + (ValueWhen(BearCrab4,P1H2) - ValueWhen(BearCrab4,V1L2))*CDmin AND
HighestSince(BearCrab4,H) < ValueWhen(BearCrab4,V1L2) + (ValueWhen(BearCrab4,P1H2) - ValueWhen(BearCrab4,V1L2))*CDMax AND
LowestSince(BearCrab4,L) >= ValueWhen(BearCrab4,V1L1 ) AND
HighestSince(BearCrab4,H) == H, True, False);
BearCrab =BearCrab AND HighestSince(BearCrab4,H) > ValueWhen(BearCrab4,P1H2);


BearHar4 = BearGartley4 OR BearButterfly4 OR BearBat4 OR BearCrab4 ;
BearHar = BearGartley OR BearButterfly OR BearBat OR BearCrab ;

Point4 = IIf(BearHar,ValueWhen(BearHar4,bi),Null);
BearHar = IIf(BearHar, IIf(Point4 == ValueWhen(BearHar,point4,0) AND ValueWhen(BearHar,bi,0) > bi ,False,BearHar),BearHar);

X = ValueWhen(BearHar4,P1H2);
Xbar = ValueWhen(BearHar4,P1Bar2);
A = ValueWhen(BearHar4,V1L2);
Abar = ValueWhen( BearHar4,V1bar2);
B = ValueWhen(BearHar4,P1H1);
Bbar = ValueWhen(BearHar4,P1bar1);
C1 = ValueWhen(BearHar4,V1L1);
C1bar = ValueWhen(BearHar4,V1bar1);
D = ValueWhen(BearHar,H);
Dbar = ValueWhen(BearHar,bi);

ABdXA = (B-A)/(X-A);
BCdAB = (B-C1)/(B-A);
ADdXA = (D-A)/(X-A);
BCdCD = (D-C1)/(B-C1);

PlotPattern = Dbar > C1bar;

if(LastValue(Plotpattern) AND be)

{
Plot( LineArray(LastValue(Xbar),LastValue(X),LastValue(Abar),LastValue(A)),"",colorRed,styleThick);
Plot(LineArray(LastValue(Abar),LastValue(A),LastValue(Bbar),LastValue(B)),"",colorRed,styleThick);
Plot(LineArray(LastValue(Bbar),LastValue(B),LastValue(C1bar),LastValue(C1)),"",colorRed,styleThick);
Plot(LineArray(LastValue(C1bar),LastValue(C1),LastValue(Dbar),LastValue(D)),"",colorRed,styleThick);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Bbar),LastValue(B)),"",colorRed,styleDashed);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Abar),LastValue(A)),"",colorRed,styleThick);
Plot(LineArray(LastValue(Abar),LastValue(A),LastValue(C1bar),LastValue(C1)),"",colorRed,styleDashed);
Plot(LineArray(LastValue(Bbar),LastValue(B),LastValue(Dbar),LastValue(D)),"",colorRed,styleDashed);
Plot(LineArray(LastValue(Xbar),LastValue(X),LastValue(Dbar),LastValue(D)),"",colorRed,styleDashed);

PlotText(NumToStr(LastValue(ABdXA),1.2),(LastValue(Bbar)+LastValue(Xbar))/2,(LastValue(B)+LastValue(X))/2,colorRed);
PlotText(NumToStr(LastValue(BCdAB),1.2),(LastValue(C1bar)+LastValue(Abar))/2,(LastValue(C1)+LastValue(A))/2,colorRed);
PlotText(NumToStr(LastValue(BCdCD),1.2) ,(LastValue(Dbar)+LastValue(Bbar))/2,(LastValue(D)+LastValue(B))/2,colorRed);
PlotText(NumToStr(LastValue(ADdXA),1.2) ,(LastValue(Dbar)+LastValue(Xbar))/2,(LastValue(D)+LastValue(X))/2,colorRed);

}

LatPattern = bullHar OR bearHar;
Lastpattern = LastValue(ValueWhen(LatPattern,IIf(BullGartley,1,IIf(BearGartley,-1,IIf(BullBat,2,IIf(BearBat,-2,
IIf(BullButterfly,3,IIf(BearButterfly,-3,IIf(BullCrab,4,IIf(BearCrab,-4,Null))))))))));
PatternName = WriteIf(LastPattern == 1,"Bullish Gartley",WriteIf(LastPattern == -1,"Bearish Gartley",WriteIf(LastPattern == 2,"Bullish Bat",
WriteIf(LastPattern == -2,"Bearish Bat",WriteIf(LastPattern == 3,"Bullish Butterfly",WriteIf(LastPattern == -3,"Bearish Butterfly",
WriteIf(LastPattern == 4,"Bullish Crab",WriteIf(LastPattern == -4,"Bearish Crab","None"))))))));


plotFractals = ParamToggle("Plot Fractals","Off|On",0);
if(PlotFractals)
{
PlotShapes(shapeSmallCircle*P1,colorRed,0,H,10);
PlotShapes(shapeSmallCircle*V1,colorBlue,O,L,-10);
}

GfxSetTextColor(IIf(LastPattern > 0, colorGreen,colorRed));
GfxTextOut("Last Pattern : " + PatternName,0,20);

Filter = BullHar OR BearHar;
Bull = BullHar; Bear = BearHar;
Color = IIf(Bull,colorGreen,colorRed);
AddColumn(IIf(Bull,1,IIf(Bear,-1,Null)),"Pattern",1.0,colorWhite,Color);

50Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 10:38 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Yes AHUN has a falling wedge, in addition I also see the following for AHUN;

[You must be registered and logged in to see this image.]

So there can be a possible uptrend for 70-75 region and a fall too.. trade with care Wink

51Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 11:18 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@smallville wrote:TAH,

Thanks for the valuable effort.. If you look at most of the charts, they fall into falling wedges as I noticed but they keep fallin so finding a reversal point is a bit difficult.. Wink
Added to this ASI is nowhere signelling a reversal as last Friday high TO was due to several high calibre crossings.. not much of retail activities..

Therefore aprt from the trades we make, a point to consider is the crowd mentality at a greater extent.. A possible price action on a chart can get changed due to unfavourable news even...

Keep up the good work, I'm sure we can analyse few potential winners with gartley Wink
Hi small, excellant code for amibokers. thanks n appreciate your effort.
is there a way we can link cse live tick data with meta trader 4 Laughing

52Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 1:15 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@traderathome wrote:
Hi small, excellant code for amibokers. thanks n appreciate your effort.
is there a way we can link cse live tick data with meta trader 4 Laughing

Sorry bro never worked in Meta.. why dont u switch to Ami cuz most of us are working on it Wink he hee..

53Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 19, 2012 1:26 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Smll,
Its the same AFL that I use.

54Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sun Mar 25, 2012 5:23 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is a chart worth watching how it will form Very Happy [You must be registered and logged in to see this image.]

Appreciate your comments.

I have indicated possible price levels the share probably looking before short reversal.

55Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 26, 2012 7:06 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The targets are drawn at strategic fib levels and not hypothetical PRZ Very Happy at the designated target levels we should see slight pull back to the halfway of current leg up before continuation.

anything below the pull back look for for downside. Very Happy

trade @100 Risk.this is not a trading advise,please check with your broker/investment advisor. Basketball

56Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Mon Mar 26, 2012 7:19 am

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@traderathome wrote:The targets are drawn at strategic fib levels and not hypothetical PRZ Very Happy at the designated target levels we should see slight pull back to the halfway of current leg up before continuation.

anything below the pull back look for for downside. Very Happy

trade @100 Risk.this is not a trading advise,please check with your broker/investment advisor. Basketball

I admire your great effort tradeathome. Thank you for indicating positive movements of some counters. we could closely watch only a few counters and not all shares in the Market. Your TA analysis above help us to focus on a few good shares.

57Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Tue Mar 27, 2012 8:27 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[You must be registered and logged in to see this image.]


The Milanka Index, is trending upward cautiously, and the Low,High and Low High pattern is respected and if this pattern to invalidate the Index should close @ 4760 below with further sliding below 4720. the immediate Res 1 is at 4910 which is previous HIGH closed on 19 Mar 2012. Major RES is at 5705 on 30/01/2012. Very Happy

My immediate concern is the Index should not close below 4760. which could hamper positive sentiments.

The Index should close this week above 4910 if we are to harbour any thoughts on market recovery. If the upward momentum continues we will very well see short term targets of 5350~ 5600 in coming weeks/months.

Regards
TAH

58Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Wed Mar 28, 2012 2:59 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is the chart of AHUN N.

I am currently Bullish bias on the stock.

I have drawn possible PRZ levels, for those who are holding this particular counter.

The 1st PRZ (77.60) is where we could see the confirmation of a Bearish Gartley pattern completion if reverses from PRZ1 levels to below Rs 60/-. The Extension from 161.8 Fib to 261.8 and 361.8 will confirm Alt Bearish CRAB formation.

Short term profit taking is recommended at these levels, while keeping a part of it to ride with the bullish trend. Very Happy

[You must be registered and logged in to see this image.]

Happy Trading
TAH

59Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Thu Mar 29, 2012 8:40 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Here is my midweek chart on the daily time frame for parq N

I had drawn up this chart couple of days back. Did not want to publish till yesterday.

This might be worth monitoring for swing traders... and short term traders.

And we will see the price testing the support of Rs 13/- mid feb 2012 levels , in coming days/weeks.

Price could bounce off support level with intraday/swing traders trying to cashing in on short term profit taking thus pushing prices to Rs 18/- ~ Rs 20/-.

[You must be registered and logged in to see this image.]

Kindly note stock trading inherits high risk and may loose your entire capital/investment.This is not a stock advice.Kindly excercise extreme caution and consult your stock broker/investment advisor for further clarification.

Happy Trading
TAH

60Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Fri Mar 30, 2012 6:48 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Dear Traders,

Another week has gone by, and we are in the process of gaining , loss territory so as to speak. Look at the bullish crab formation completed @ 161.8 FIB Lvl around Rs 30/-.

A new formation/pattern is emerging and which is nearing completion and a confirmation of same could be seen @ Rs 55/~Rs 65/-.

The momentum would lead to a short term price correction towards max Rs 50/- due to selling pressure/profit taking and continuation of its original upward direction can not be ruled out.

Happy Trading

TAH
Disclaimer: Kindly DYODD, seek advise from your Investment Advisor/Broker.This is not an Trading advise to ACT upon without further research.

[You must be registered and logged in to see this image.]

61Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Sat Mar 31, 2012 9:53 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
PARQ N. update....

We are nearing an important PRZ around Rs 13.10. I am looking for Rs 20/- and Rs 30/- possible profit taking levels.

Please use your own discretionary....when BUYING this stock.It is your responsibility and your money.the analysis provided by me is purely technical in nature, Please analyse financial reports concurrently of this company before deciding to purchase any share.

Happy hunting.... Very Happy

[You must be registered and logged in to see this image.]

62Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Thu Apr 05, 2012 6:58 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
BFL
This afternoon i purchased few shares of BFL, and thought i would share my thoughts on the purchase.[You must be registered and logged in to see this image.]

major reversal zone around 126/125Rs youwould see the fib levels of 261.8% further below i would place an order around rs 50/- should BFL prices slides further below.I am anticipating the prices to pull to Rs 215/- around Rs 123/-. If we go by AB=CD pattern the next reversal should also confluence around Rs 123/-. Did you notice around 27/7/2011 prices moved up Rs 100/-.perhaps not in the same amounts at least i am expecting 90/-Rs up from Rs 123-125 to have a Lower High established.

Good Luck.... Very Happy

margin Kills you,so trade with your own real money,if you are so desperate to make money,visit the nearest casino to burn your hard earned wealth.Stock trading is not a gamble.I am not responsible for your decisions nor this is an investment advise.this post is only for information purpose.i am neither promoting this share just because i bought it.

63Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Thu Apr 05, 2012 8:02 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Advise : Please take small profits in bear market. Very Happy Keep part of your shares to go with the trend,this way you may get lucky to ride the trend up Basketball on the way up or down collect the shares at important price reversal zones. cheers

64Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Thu Apr 05, 2012 8:04 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@traderathome wrote:Advise : Please take small profits in bear market. Very Happy Keep part of your shares to go with the trend,this way you may get lucky to ride the trend up Basketball on the way up or down collect the shares at important price reversal zones. cheers
Thanks.

65Technical Analytics & Charts (1) - Page 3 Empty Re: Technical Analytics & Charts (1) Wed Apr 11, 2012 9:04 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[You must be registered and logged in to see this image.]

Looking at the chart of Primal Glass,I can not ignore that the current price levels are very attractive which is co-incidentally confluence of 2 major FIB levels.
Buyers were willing to purchase at even 6.20, If I am not mistaken. Possible PT can be drawn around Rs 8/- or Rs 10/-.Anyone holding Primal,kindly share your experience.

Gud Luck cheers
TAH

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