Wednesday, September 15, 2010

Rising Window Pattern

Last Week, I had mentioned about the "Marubozu" pattern in NIFTY. Out of my curiocity, I checked in SENSEX. In addition to the "Marubozu" , I found a "Rising Window"pattern. The statisticks is as below.
 
Readers may study it and come to their own conclusion.
 
 
Number From To Chart Scale Volume Breakout
      Pattern   Trend Direction
0 9/27/2004 10/4/2004 Rising Window Wk Up Up
1 11/1/2004 11/8/2004 Rising Window Wk Dn Up
2 6/13/2005 6/20/2005 Rising Window Wk Up Up
3 12/5/2005 12/12/2005 Rising Window Wk Up Up
4 4/24/2006 5/2/2006 Rising Window Wk Dn Dn
5 8/28/2006 9/4/2006 Rising Window Wk Dn Up
6 4/9/2007 4/16/2007 Rising Window Wk Up Up
7 11/26/2007 12/3/2007 Rising Window Wk Up Up
8 4/27/2009 5/4/2009 Rising Window Wk Up Up
9 5/11/2009 5/18/2009 Rising Window Wk Dn Up
10 9/6/2010 9/13/2010 Rising Window Wk Up  
 
Best regards

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES