Monday, June 14, 2010

Stocks with classical patterns

Classical technical analysis patterns are alive and kicking. On June 8, we gave a buy call for Reliance Capital in our newsletter. (The newsletter is available to newsletter subscribers as well as Trend Analyzer software users).
The pattern was an Ascending Triangle, a classical Edwards and Magee pattern. Here is the chart that was given:

Slowly but steadily, Relcap did go up, closing at 720 today. (Four trading days have elapsed).

Learning is a continuous process. In keeping with this idea, here is a video that shows "How to Tell When a Market is Oversold"

Click Here to find out How to identify oversold markets

1 comment:

Tejinder Singh said...

Dear Sir,

I follow your comments & analysis very closely. I appreciate your frank, transparent & unbiased views.

I would like to subscribe to your newsletter. Please advise how to do so & also if there are any charges. Awaiting your reply.

Thanks & Regards,
Tejinder Singh Gabadia