@milanpatel
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Milanrp wrote a new post, IDEA bullish amid conformation of merger with Vodafone. AIRTEL formed double bottom pattern. 7 years, 2 months ago
Today Vodafone confirmed the merger with IDEA making the stock very bullish. It might face resistance at 112.AIRTEL completed a double bottom pattern with good break out volumeGRASIM approaching the target. Keep
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Milanrp wrote a new post, Market summary for 25-01-2017 7 years, 3 months ago
GAIL reached the target price. Showed a doji star with high volume. The trend might be reversing soon.ACC broke resistance with good volume.YES BANK approching resistance at 1445.
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Milanrp wrote a new post, A very bullish market today. But there a few caveats. 7 years, 3 months ago
These are the few things that I observed: HINDALCO completed a double bottom pattern.BAJAJ AUTO broke a resistance at 2780.GAIL today the price movement was conservative despite a bullish market. Keep your stop
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Milanrp wrote a new post, Main take aways of the market on 19-01-2017 7 years, 3 months ago
ACC is forming a double bottom.Watch GRASIM very closely. The prices pulled back to the side of the triangle pattern watch for the violation of the pattern.GAIL: Resistance level broken with a very good volume s
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Milanrp wrote a new post, Main take aways of the market on 18-01-2017 7 years, 3 months ago
GRASIM forming a triangle pattern watch closely. (See the attached image)HINDUSTAN UNILEVER broke an important resistanceACC and GRASIM formed flagsTATA STEEL moving strongly after completion of double bottomBHEL
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Milanrp wrote a new post, Moderate activity in the market today not many technical break outs. Two flags are under formation. 7 years, 3 months ago
YES BANK in the process of forming a flag. Completed a falling wedge with a mediocre volume. Coal India is also in the process of forming a flag.The volume patterns in both of the pattern are giving a positive
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Milanrp wrote a new post, Market view for 13-01-2017 7 years, 3 months ago
1.IDEA broke improtant support level at 69 expect to go down even further2.POWER GRID showed a pull back after completing a double bottom3.GAIL approaching important resistance at 453. It recently completed a
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Milanrp wrote a new post, Metallurgical companies performing bullishly 7 years, 3 months ago
Metallurgical sector is very bullish. Three companies completed a double bottom pattern with a time period of approx one month:Trade plans are as follows:1. TATASTEEL: Bullish/Double
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Milanrp wrote a new post, HCL bullish engulfing 7 years, 3 months ago
HCL technology has show a bullish engulfing with good volume.The primary trend is also up.
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Milanrp wrote a new post, Buying oppurtinities ADANIPORTS and INDUSINDBANK 7 years, 3 months ago
ADANIPORTS broke the triangle pattern with a good volume.
Target-344; Entry-285; SL-258
INDUSINDBANK broke support line of a double bottom with good volume.
Target-1184; Entry- 1114; SL-1041
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Milanrp started the topic L&T/ BEARISH / TRIANGLE PATTERN / TARGET- 1255.51 in the forum Triangle Pattern 7 years, 4 months ago
L&T formed a triangle with all the required condition. Time period greater than 1.5 months and high volume during break out. I have also added On balance Volume as a secondary indicator.
Trade Plan: Symbol: LT / Direction- short / Entry- Below 1447 / Target- 1255.51
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MURUGAVEL and Milanrp are now friends 7 years, 4 months ago
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Milanrp started the topic KOTAKBANK/BULLISH ABOVE 750/SL 730.5/FLAG PATTERN in the forum FLAG Pattern 7 years, 4 months ago
TRADE PLAN: SYMBOL: KOTAKBANK / DIRECTION LONG / ENTRY ABOVE 750 / SL 730.5 / TARGET / 769.4
For detailed explanation please refer the image
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Milanrp started the topic MARUTI-BULLISH ABOVE 4659.47-SL 4024.14-CUP PATTERN in the forum CUP pattern 7 years, 4 months ago
TRADE PLAN: SYMBOL: MARUTI / DIRECTION LONG / ENTRY ABOVE 4659.47 / SL 4024.14 / TARGET 5411.64
For explanation please refer the attached image
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Milanrp started the topic IDEA/ BEARISH BELOW 169.5/ SL 184.9 / HEAD AND SHOULDER in the forum Head and Shoulder 7 years, 4 months ago
TRADE PLAN: SYMBOL: IDEA / DIRECTION: SHORT / ENTRY BELOW: 169.5 / SL 184.9 / TARGET 143.1
Idea has shown a perfect head and shoulder with a duration of approx 3 months, with high volume during the left shoulder and low volume during the second shoulder.
For detailed explanation please refer to the diagram.
Please feel free to correct me if I…[Read more]
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Milanrp started the topic CIPLA- BEARISH BELOW 575.1- SL 657.2 in the forum Double Bottom / Double Top 7 years, 4 months ago
TRADE PLAN: SYMBOL: CIPLA / DIRECTION: SHORT / ENTRY: BELOW 575.1 / SL: 657.2 / TARGET: 494.2
Two equivalent tops can be observed in a duration of approx. 65 days along with higher volume at the second top. Thus I concluded that it was a good double top.
Note: Stop loss is taken to be 50% of the peak value, as the peak was too high.
For…[Read more]
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Milanrp started the topic CIPLA- BEARISH BELOW 575.1- SL 657.2 in the forum Double Bottom / Double Top 7 years, 4 months ago
TRADE PLAN: SYMBOL: CIPLA / DIRECTION: SHORT / ENTRY: BELOW 575.1 / SL: 657.2 / TARGET: 494.2
Two equivalent tops can be observed in a duration of approx. 65 days along with higher volume at the second top. Thus I concluded that it was a good double top.
Note: Stop loss is taken to be 50% of the peak value, as the peak was too high.
For…[Read more]
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Milanrp started the topic CIPLA- BEARISH BELOW 575.1- SL 657.2 in the forum Double Bottom / Double Top 7 years, 4 months ago
TRADE PLAN: SYMBOL: CIPLA / DIRECTION: SHORT / ENTRY: BELOW 575.1 / SL: 657.2 / TARGET: 494.2
Two equivalent tops can be observed in a duration of approx. 65 days along with higher volume at the second top. Thus I concluded that it was a good double top.
Note: Stop loss is taken to be 50% of the peak value, as the peak was too high.
For…[Read more]
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Milanrp started the topic GAIL-BEARISH ABOVE:403.3 / SL:363..4 / TARGET:439.7 in the forum Dow Theory – Old but a Golden Concept 7 years, 4 months ago
Trade Plan: Symbol: GAIL / Direction: Long / Entry: Above 403.3 / SL: 363.4 / Target: 439.7
Refer the image for explanation.
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Milanrp started the topic ONGC- BULLISH ABOVE: 293.01 / SL:267.30 / TARGET:318.91 in the forum Dow Theory – Old but a Golden Concept 7 years, 4 months ago
Date: 01/12/2016
Trade plan: Symbol: ONGC / Direction: Long / Entry: Above 293.01 / SL 267.30 / Target 318.91
ONGC is showing a bullish trend. The volume is higher than average while crossing the neckline
Create long position if the price goes above 293.01
SL: 267.30
TARGET:318.91
RISK/REWARD RATIO: 1.01
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