Friday, November 4, 2016
Thursday, October 6, 2016
Monday, October 3, 2016
Sunday, October 2, 2016
Thursday, September 22, 2016
Tuesday, September 20, 2016
Sunday, September 18, 2016
Weekend Views on Nifty !
The Monthly Chart Above and The Weekly Chart Below:
The Daily Chart Above and The Hourly Chart Below:
Tuesday, September 13, 2016
Saturday, August 27, 2016
Weekend Views on NIFTY !!!
The Weekly Picture;
The Daily Drama;
The Hourly Break;
Remeber TA is not exact science. We deal with probabilities and we each see different things on our charts. We have different biases and perceptions. However there is something which is same for all market participants and that is capital preservation and this capital preservation comes from only one thing: ADHERING TO YOU STOPS !!! Trade your levels, be flexible with your levels but always be TIGHT with YOUR STOPS !
The Daily Drama;
The Hourly Break;
Remeber TA is not exact science. We deal with probabilities and we each see different things on our charts. We have different biases and perceptions. However there is something which is same for all market participants and that is capital preservation and this capital preservation comes from only one thing: ADHERING TO YOU STOPS !!! Trade your levels, be flexible with your levels but always be TIGHT with YOUR STOPS !
Friday, August 26, 2016
Wednesday, August 24, 2016
Tuesday, August 23, 2016
Monday, August 22, 2016
Sunday, August 21, 2016
Wednesday, August 17, 2016
Tuesday, August 16, 2016
Monday, August 15, 2016
Sunday, August 14, 2016
Saturday, August 13, 2016
Saturday, August 6, 2016
Wednesday, August 3, 2016
Monday, August 1, 2016
Saturday, July 30, 2016
Weekend Views on Nifty !!!
“And every hour of every day I'm
learning more
The more I learn, the less I know about before
The less I know, the more I want to look around
Digging deep for clues on higher ground...”
The more I learn, the less I know about before
The less I know, the more I want to look around
Digging deep for clues on higher ground...”
(UB40 “Higher Ground”)
That’s what everybody is doing; the bears digging for clues
to fall and the bulls for clues for higher grounds!
The Weekly chart:
1. Price in clear uptrend. Higher
highs and Higher lows structure intact.
2. The three key Ema’s bullishly
inclined and trending upwards.
3. Approaching key resistance zone.
Price overextended from the nearest EMA.
4. A weekly close above 8650 would
be keenly watched for a fresh breakout.
5. No reversal in trend on weekly
charts till 8400!
The Daily Chart:
1. Clear uptrend albeit with lot of
unfilled gaps below.
2. Price overextended from the EMA’s.
3. In the last few days Nifty has been
doing Time corrections rather than Price corrections to bring up the nearest short term Ema.
4. The indicators below showing
signs of reversal but no confirmation yet from the PRICE!
5. Daily reversal on the daily chart
comes if nifty breaks 8470 and closes below it.
We rallied on BREXIT, we rallied on REXIT, we rallying on
MONSOON and we rallying on GST! It’s the earning season so stock specific moves
are there. Smallcap and Midcap PE’s are High! Do we really need reasons??? No! A
technical analyst trades on his charts, a news junkie trades on news and a
fundamental guy trades on value.
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