Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
good suggestions ....only problem is adhering to them......timing and anticipating is all that matters.....technical analysis=timing and funda check= anticipation....keep updating sir....wishing you a successful profitable year ahead....
Low of 7723 was made in last session 17-10-14 before this comment
UPDATE : 19-10-2014 : ---------------------
1. Complex corrective from top of 8180 is on.
2. This may be IV-3 or may be larger 4th wave correction. (as in charts above)
3. 50dma was broken convincingly and now last 2 sessions 100dma is supporting . (The trading range mentioned in hrly chart got broken bringing in short term weakness).
4. Correction unfolding is a combination corrective most likely a-b-c-x-a-b-c (Flat-x-may be zz) as of now .
5. Now close above 50dma may signal a likely end of correction and above 20dma as confirmation of it. Similarly break of 100dma may extend the correction further to 7650-7590 zone.
1. As mentioned above and in probable count last post, we did IV-3 at 7723 low ( flat-x-zz), moving up above 50-20dma we got confirmation of end of correction and a firm move above last high of 8180 justifies V-3
2. Now this fast upmove from 7723 can be taken as V-3 and may find positional target in 8425-8550 zone. Right now we may be in the iiird of this V-3.
3. Next week is a truncated week with two trading holidays. We may trade range bound with upward bias and may trade in the 8250-8450 broader range.
3 comments:
good suggestions ....only problem is adhering to them......timing and anticipating is all that matters.....technical analysis=timing and funda check= anticipation....keep updating sir....wishing you a successful profitable year ahead....
Low of 7723 was made in last session 17-10-14 before this comment
UPDATE : 19-10-2014 :
---------------------
1. Complex corrective from top of 8180 is on.
2. This may be IV-3 or may be larger 4th wave correction. (as in charts above)
3. 50dma was broken convincingly and now last 2 sessions 100dma is supporting . (The trading range mentioned in hrly chart got broken bringing in short term weakness).
4. Correction unfolding is a combination corrective most likely a-b-c-x-a-b-c (Flat-x-may be zz) as of now .
5. Now close above 50dma may signal a likely end of correction and above 20dma as confirmation of it.
Similarly break of 100dma may extend the correction further to 7650-7590 zone.
October 20, 2014 at 12:29 AM
UPDATE 02-11-14
----------------
1. As mentioned above and in probable count last post, we did IV-3 at 7723 low ( flat-x-zz), moving up above 50-20dma we got confirmation of end of correction and a firm move above last high of 8180 justifies V-3
2. Now this fast upmove from 7723 can be taken as V-3 and may find positional target in 8425-8550 zone. Right now we may be in the iiird of this V-3.
3. Next week is a truncated week with two trading holidays. We may trade range bound with upward bias and may trade in the 8250-8450 broader range.
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