See the Trend analysis results for the FNO Stocks on Different time Frames for 20 September. Ticker Date/Time MA-140 MA-60 MA-8 Overall Trend Comments 3IINFOTECH_F1 9/19/2011 - - - Down Trend Deep Down Trend, Avoid Long ABAN_F1 9/19/2011 --- --- --- Strong Down Trend Deep Down Trend, Avoid Long ABB_F1 9/19/2011 +++ - --- No Trend No … [Read more...]
Triple Top (Reversal):concept
The triple top is a reversal pattern made up of three equal highs followed by a break below support. A pattern used in technical analysis to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying … [Read more...]
Falling wedge- concept
a bullish pattern that begins wide at the top and contracts as the prices falls down . This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, until a resistance breakout this bullish … [Read more...]