Blog Posts - Head And Shoulder



Is this a good time to enter SBI stock? - a technical update

The previous technical update to the stock chart pattern of State Bank of India (posted on Apr 2013) contained a bearish view for the following two reasons:(1) formation of a head-and-shoulders reversal pattern with a downward target of 155 (adjusted...

BSE Sensex and NSE Nifty charts (Aug 05, 2016): bulls fight off a bear attack

FIIs were net buyers of equity worth Rs 2800 Crores during the first trading week of Aug '16. DIIs were net sellers of equity worth Rs 1500 Crores, as per provisional figures, but were net buyers on Fri. Aug 5 - enabling both Sensex and Nifty to clos...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - May 13, 2016

S&P 500 index chartThe following comments appeared in last week's post on the daily bar chart pattern of S&P 500: "An upward bounce is possible from current level. Bears may use it to sell again."The index did bounce up above the 2080 level i...

Gold and Silver charts: bear market rallies flatter to deceive

Gold chart pattern The daily bar chart pattern of gold rallied past its 20 day and 50 day EMAs to touch an intra-day high of 1170 on Mon. Aug 24 – but failed to test resistance from its falling 200 day EMA and formed a ‘reversal day’ (highe...

Nifty chart: a mid-week update (Aug 12 ‘15)

An unexpected devaluation of the Chinese Yuan spooked FIIs, who went on a selling spree in global markets. As per provisional figures, they were net sellers of equity worth Rs 2600 Crores this week. DIIs turned net buyers of equity worth Rs 1300 Cror...

How is Nifty faring against Asian Market indices?

Lately, there has been a lot of talk about how some FIIs have been spooked by the retrospective MAT notices and poor Q4 results from India Inc. Short-term funds in particular have been on a selling spree that has led to a 10% correction in Nifty –...

Technical updates – L&T and JK Lakshmi Cement

Stocks from the infrastructure sector were in doldrums due to the economic slowdown, and had fallen to two year lows during the second quarter of 2013-14. The ground-swell from Modi’s campaign brought them out of bear markets. Once the Modi govern...

Technical updates – Canara Bank and Dhanalakshmi Bank

Narendra Modi’s charisma and promise of ‘acche din’ struck a chord with young voters that led to a landslide victory for the BJP in the general elections. That was 6 months ago. A country paralysed by scams and corruption can not change overn...

Technical updates – IFCI and Reliance Capital

This week, let us take a look at the long term charts of a couple of financial companies. Both were darlings of investors during the 2003-07 bull phase but had since fallen on bad times for different reasons. IFCI had a lot of NPAs on its books and...

Technical update – 6 Housing Finance stocks

During the past couple of years, high interest rates, slow economic growth and inflation took a huge toll on the performance of most companies in general, and rate-sensitive companies in particular. Commercial real estate business took a beating. Ev...

BSE Sensex and NSE Nifty 50 index chart patterns – Sep 27, 2013

Improvement in merchandise and software exports coupled with lower oil price and import restrictions on gold and luxury items may finally bring down the current account deficit within manageable limits. However, Q1 (Jun) deficit may climb a bit due t...

BSE Sensex and NSE Nifty 50 index chart patterns – Sep 20, 2013

There was an anti-climax and a negative shock for the Indian stock market last week. The much-awaited QE3 ‘tapering’ announcement by the US Fed turned out to be a non-event. Status quo was maintained as the economic recovery in the US remained an...

Nifty chart: a mid-week update (Sep 11, ‘13)

The closing chart pattern of Nifty shows an interesting tussle between bulls and bears that has not been satisfactorily resolved yet. Why not? Because of contradictory technical signals favouring both sides. The bullish and bearish signs are mentione...

WTI and Brent Crude Oil charts: bull markets face headwinds

WTI Crude chart The 6 months daily bar chart pattern of WTI Crude oil – which was consolidating sideways for the past 2 months - broke out upwards and touched an intra-day high above the 112 mark accompanied by a volume spurt. But the bears refu...

WTI and Brent Crude Oil charts: bulls to the fore

WTI Crude chart The following comments were made three weeks back in a technical analysis of the 1 yr daily bar chart pattern of WTI Crude oil: “For the last 3 months, oil’s price has made a bullish pattern of higher tops and higher bottoms.

Copper e il Dr Gibaud

La rottura della neck line del Dr Gibaud ha attivato un Head and Shoulder con target ottimale a circa 2. *** Le indicazioni di analisi tecnica possono essere errate e non rappresentano in alcun modo un invito all’investimento. Chi segue questi cons...
by Appunti ciclici on Jun 29, 2013

WTI and Brent Crude Oil charts: an update

WTI Crude chart The 6 months daily bar chart pattern of WTI Crude oil shows another aborted attempt by the bulls to push oil’s price past the resistance level of 98. Bears used the rally to sell. Down-day volumes continue to remain strong, whic...

BSE Sensex and NSE Nifty 50 index chart patterns – May 24, 2013

BSE Sensex index chart Sensex reversed direction last week – the sharp fall coming as a surprise to many analysts and investors, who are once again fearing a big crash. Readers of this blog received ample warning about a correction/consolidation i...

Skoda Octavia facelift was officially revealed a couple of months back and now the car has for the first time been spotted testing in India

Skoda Octavia facelift was officially revealed a couple of months back and now the car has for the first time been spotted testing in India. The car sports a “MH” registration number which shows that the car has been out of its Aurangabad...

Skoda Octavia facelift was officially revealed a couple of months back and now the car has for the first time been spotted testing in India

Skoda Octavia facelift was officially revealed a couple of months back and now the car has for the first time been spotted testing in India. The car sports a “MH” registration number which shows that the car has been out of its Aurangabad...


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