The Third Eye: moving average

Showing posts with label moving average. Show all posts

Monday, July 6, 2015

Elliott Wave & Technical Analysis for Nifty

As in the last post , without invalidating 5885 , tested 5640 and below but held this support on closing basis. Lets check further -

Elliott Wave & Technical Analysis for Nifty

Let's check out the different Time frames and Probabilities for Trading -

Elliott Wave & Technical Analysis for Nifty

Check out the Charts with Observations for Trading Probabilities -

Technical Analysis for Nifty

Nifty closed below the important level of 6000 in the last trading session . Lets analyze what are the probabilities ahead -

Elliott Wave & Technical Analysis for Nifty

One can check couple of previous Posts to get the Trading insight and EW Counts being followed . Check charts there for developing Negative Diversions appearing in the resistance zone of 5950-70 starting for 10 min and moving to Hourly and Daily time frame and now in Weekly .
The Charts and Observations have been updated below. -

Elliott Wave & Technical Analysis for Nifty

The short term correction ended at apprx. 5548 level from where the uptrend started again. Please check the Post written at the start of November series for the insight where a likely target for the correction was expected near 5550 and then upmove to resume for higher targets - CLICK HERE

Prices went to test and whipsaw 50dma but respected the Trendline support as shown in the last post . The last week update in the comment section mentioned-

Elliott Wave & Technical Analysis for Nifty

Nifty continues in the corrective mode as the insight analyzed from last many weeks . Below are charts with comments for the probability that may lie in future. Please go through them carefully.

Update for Nifty Trading

Markets were in sideways corrective mode last week . The insight of correction continues this week also as perceived since the start of the Month. 5730 remained unconquered in the sideways markets as analyzed last week .

Elliott Wave & Technical Analysis for Nifty

Last week's update showed negative divergences in various time frames and Market respected them to move down the whole week . Now this leg of downmove may be nearing an end in the short term . We looks at the probability now -

Trading Nifty

Nifty is slowly grinding up on weekly basis with no correction of consequence . The indicators in different time frames are showing negative diversions wrt the price movement along with a completion of a wave count . What to expect next -

Technical Analysis and Elliott Wave Update for Nifty

Markets reacted from apprx. the Resistance zone given in last post of 5380-95. Now the closes after that have been above 5300 and the down sessions have been on comparable lower volumes. The Weekly close has been neutral . Lets check out the probabilities and factors supporting both the causes.

Technical Analysis for Nifty

First session of the last week took out the Monthly low of 5169 till then, bringing in weakness and trapping series long which culminated in the series expiry towards the low and in the process whipsawed the 200dma /5095 on closing basis on expiry day . Lets now see the technical picture in different time frames -

Trading Nifty

It has been a choppy , low range , low volatility Market since the start of July series. The Monthly range so far has been a poor 180 points apprx. Since last few months ,after making a top at 5630, we are seeing the trading with no followups of any breakouts on either side , important levels and averages being whipsawed , range bound short term trading and now small daily ranges and low volatility. It has been a boring market to trade lately .