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M Prem Rajan started the topic ACC:Flag:Bullish:Entry:1284 SL:1212 target: 1362 Duration: 10 days in the forum FLAG Pattern 8 years, 3 months ago
Pole formed in 5 days with a flat falg and breakout after 5 days. Kept target as difference between entry and stop loss at the base of the flag. The target was achieved in 10 days.
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M Prem Rajan replied to the topic Cup : Bajaj Finance: Entry:1125 SL:1000 Target: 1625 Duration: 7 months in the forum CUP pattern 8 years, 3 months ago
Adding chart
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M Prem Rajan started the topic Cup : Bajaj Finance: Entry:1125 SL:1000 Target: 1625 Duration: 7 months in the forum CUP pattern 8 years, 3 months ago
The script has formed a cup pattern over a period of 1.5 years, with the cup bottom at around 500 and formed a cup handle from 1000 to 1125.So we have set the entry after the cup handle has crossed the top of 1125 and a target of the height of the cup,(100-500=500) as profit. The target is set at 500+1125 = 1625. The script reached the target in 7 months.
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Vinish Kumar and M Prem Rajan are now friends 8 years, 3 months ago
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M Prem Rajan started the topic Asian paints-Bullish-Double Bottom-Entry:557 SL:505 Target:620 Duration: 5 Weeks in the forum Double Bottom / Double Top 8 years, 3 months ago
The stock hit double bottom with high volume at the second resistance level. The target is set at 609, but had a rally and reached 620 levels the next day. I am not sure if in this scenario, it would have been wise to cash out at target or increment the SL and target iteratively. I picked cashing out at target for this chart.
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M Prem Rajan replied to the topic BPCL-Dow-Entry:518 SL:355 Target:630 Duration:8 Months in the forum Dow Theory – Old but a Golden Concept 8 years, 3 months ago
Attaching the file.
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M Prem Rajan started the topic BPCL-Dow-Entry:518 SL:355 Target:630 Duration:8 Months in the forum Dow Theory – Old but a Golden Concept 8 years, 3 months ago
Entry at higher bottom – higher top combination and exit when it formed a similar bottom. The profit turned out to be on the lower side of the risk, but tried to follow the dow theory concept of bullish and bearish curve to determine the entry and exit levels.
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M Prem Rajan and ragunathan are now friends 8 years, 6 months ago
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M Prem Rajan started the topic IDEA-Double Bottom-Entry:143 SL:137 Target:158 in the forum Double Bottom / Double Top 8 years, 6 months ago
Double bottom formed with high volume on the latest bottom. The RSI indicator is around 40, complementary for a buy signal.
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M Prem Rajan started the topic HDFC-RSI-Bearish Engulfing-Entry:1303 SL:1350 Target:1200 in the forum Technical Indicators – Readymade Analysis 8 years, 6 months ago
After a steady bullish trend, there is a bearish candle created with high volume and covering the whole of the previous day’s candle. The RSI indicator complements the trend reversal to bearish with a number of around 60.
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M Prem Rajan posted an update 8 years, 6 months ago
Target:0 In Play:7 No Trade: 3 Stop Loss: 5 Waiting:1
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M Prem Rajan started the topic Zee Enterainment-Dow Theory-Bullish-Entry:426 SL:377 Target:496 in the forum Dow Theory – Old but a Golden Concept 8 years, 6 months ago
The price pattern has formed a higher bottom and broken the previous high with good volume forming a higher top. As per Dow theory, the stock is bullish and we can enter the trade at 426 levels with a stop loss of 377, which is the previous significant low. The target is set to 496.The stock had reached the entry levels on 19-Oct-2015.
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M Prem Rajan replied to the topic Grasim-Bearish-Hanging man-Entry:3631-Stop Loss:3676-Target:3565 in the forum Hammer and Hanging Man 8 years, 6 months ago
Stop Loss hit on 23-oct-2015.
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M Prem Rajan posted an update 8 years, 6 months ago
Target:0 In Play:6 No Trade: 3 Stop Loss: 5 Waiting:1
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M Prem Rajan posted an update 8 years, 6 months ago
Target:0 In Play:7 No Trade: 3 Stop Loss: 4 Waiting:1
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M Prem Rajan started the topic HIndustan Petroleum-Bullish-Triangle-Entry:811 SL-764 Target: 900 in the forum Triangle Pattern 8 years, 6 months ago
High volume breakout of triangle pattern occurred. The stock looks bullish with a target of 900.
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M Prem Rajan started the topic Historical Chart-HDFC BANK-Bearish-Exhaustion Gap in the forum Exhaustion GAP 8 years, 6 months ago
The bullish trend created with a break out gap ended with an exhaustion gap with high volume.
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M Prem Rajan replied to the topic NTPC-Bearish piercing-Entry:124.5 Stop Loss:130 Target:113 in the forum Piercing Candlesticks Patterns 8 years, 6 months ago
No trade as the price did not reach entry levels till 9 days and it reached almost the stop loss price of 129.5 on 20-oct-2015.
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M Prem Rajan replied to the topic Tata Power-Doji-Evening Star-Entry:69.5 Stop Loss: 71.5 Target1:64 Target2:55 in the forum DOJI – Morning Star and Evening Star 8 years, 6 months ago
Stop loss reached on 20-Oct-2015.
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M Prem Rajan replied to the topic Historical Chart – IDea- Evening Star-Entry:142 Stop Loss: 137 Target: 152 in the forum DOJI – Morning Star and Evening Star 8 years, 6 months ago
Right Balaji, it is a morning star. Thanks for correcting.
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