Recent content by clarkeharry

Yeah, the first candle is a sign of real demand. But the second is not. Thats why the prices should go down a bit. But they never retrace, never correct on so low volume but continues upwards.

Accepted. But the prices should have corrected before going up. I expected the prices to go down to the middle of the candle before going up.

Yeah Pat, technical analysis works at times only. Thats why we should have a stoploss. For me patience is the most important virtue in markets.

Hi, I want to know why did the price not go lower after the second long green candle. Just look at the first long green candle which is on a huge volume. However on the second green candle the volume is too less. I expected there were only a few buyers and the prices would correct themselves...

Thanks for the reply tomorton. I appreciate your view regarding the trade. I would have liked more members discussing this trade. Thanks once again for your reply.

Hi, In the first pic of GAIL, I bought at the long green candle which completes the reverse head and shoulders at 384. But now it may fall to 350. I have not used any indicators for this trade. Is this a correct trade? In the second and third pic of BharatForge I have bought at the...