tag:blogger.com,1999:blog-7148222695370746347.post6452496925517168249..comments2023-10-15T17:16:24.091+05:30Comments on Stock Market Charts | India Mutual Funds Investment: BSE Sensex Index Chart Pattern - Sep 11, '09Subhankarhttp://www.blogger.com/profile/13248068905130821262noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7148222695370746347.post-25436793464234051522009-09-19T00:07:28.097+05:302009-09-19T00:07:28.097+05:30Appreciate your comments, Venky.
I don't tra...Appreciate your comments, Venky. <br /><br />I don't track the Nifty (because the authorities do not consider 'gaps' - which makes it unsuitable for technical analysis), so won't be able to comment on the Doji.<br /><br />FIIs are continuously pouring in money. The liquidity is overwhelming technical signals. I've learned not to fight the trend - so have set trailing stop-losses and enjoying the ride, while it lasts.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-29927451894628741802009-09-13T22:17:31.088+05:302009-09-13T22:17:31.088+05:30Nice post Subhankar. Saw something called as grave...Nice post Subhankar. Saw something called as gravestone doji being formed on the Nifty on Thu / Fri by a post on the groups. Was observing some candlestick patterns before the big fall in Jan'08 and now and some similarities are visible. Additionally, the index has "broken" the ascending triangle marginally (saw it on the RSI) but did not follow up with higher volumes / price rise on Friday. I feel this indicates a "setting up" operation to trap the traders to go long on a false breakout (similar to Jan '08) and then go in for the kill by trapping them. Too many penny scrip discussions on the groups, media turning bullish / "liquidity" being the factor of rise, retail people thinking nothing can go wrong etc. etc. dont lead to a comfortable feeling. I feel it may be a fall than a rise of 2000+ points on the Sensex. My amateurish views and may be entirely wrong too. I am sitting out and watching the movie unfold.Venkyhttps://www.blogger.com/profile/03753291437493989196noreply@blogger.com