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a layman's approach to break out and break down |
ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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Post: #2446  Posted: Fri Apr 08, 2011 7:38 pm Post subject: |
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| now after a long long time nifty 200 sma at 5716 is> nifty 100 sma at 5711
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2447 Posted: Fri Apr 08, 2011 8:01 pm Post subject: |
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DEAR CASPER
ranbaxy seems to have topped out at 474. ur views are most welcome!
regs
ridinghood
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ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2449 Posted: Sat Apr 09, 2011 6:05 pm Post subject: |
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| ktpillai wrote: | My studies show on two occasions Nifty spot facing resistance at 76.4% fibo.Also the weekly chart of nifty shows ,nifty honouring the resistance trend line.Will this resistance be violated and nifty will rally further or will nifty honour the resistance and move downward as in the previous occasion  |
hi ktpillai sir
sorry for late reply 
let us see the chart i am posting here, we have a strong resi at the falling trend line, and last week's candle made a sort of "inverted hammer"
or "shooting star" pattern which is indicating that bulls power is diminishing
so we could say, that this resi is honored and we will go down, confirming the bearishness of the market
but, we have a support in weekly chart around this level too, this is around 5790 range,which should give us some relief
but if we consider that we are going down and then taking support on that trend line, then we will have 3 consecutive lower highs which will confirm a bearish trend and if we are really going down with a overall bearish trend, i dont think this channel trendline support will provide much respite to the bulls
so to be safe,
i will suggest, open ur POSITIONAL SHORT only below that support line of 5790 and open your POSITIONAL LONG only above the falling trend line
in between intra trades will be okey but we better not take over night position unless the market fix up its mind and take a proper direction
any more question sir? you r always welcome!
ps; personally i dont trade on weekly chart's basis, some time i refer to this weekly chart only to know about the general trend and decide what to do, if u use weekly chart only for a "confirmation" purpose, then you can safely assume that the pull back from 5300 is over now, its time to book profit and wait for next big moves, and refer to daily chart to pinpoint your entry and exit whereas, this weekly chart will show you the general bias of the market, so, plz read my previous post about daily nifty it may help u to understand the possibilities ahead
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casper
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Joined: 02 Oct 2010
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2451 Posted: Sun Apr 10, 2011 8:27 am Post subject: |
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hi CASPER
thanx alot brother!
u embarass me no end by saying that u r late. coz maintaining this great thread responding to so many fellow ichartians calls for huge effort which u r doing enthuiastically nd selflessly.
the fact is that this is otherway round as lesser people like me r invariably let in acknowledging ur effort .
regs
ridinghood
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2452 Posted: Sun Apr 10, 2011 9:08 am Post subject: |
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| ridinghood wrote: | hi CASPER
thanx alot brother!
u embarass me no end by saying that u r late. coz maintaining this great thread responding to so many fellow ichartians calls for huge effort which u r doing enthuiastically nd selflessly.
the fact is that this is otherway round as lesser people like me r invariably let in acknowledging ur effort .
regs
ridinghood |
ok
i have a proposal for you
just learn the techniques how i do this analysis and post ur findings
you must be in some other job or business so i dont say put 100% but for initial starting, give some 10-15 minutes per day to a chart, draw some trend lines by connecting highs and lows, use important ema like 34/89
use pivot points,
start it doing in eod charts only bcoz it comes for free here
at starting you will make mistakes, every one does so, me too made lots of mistakes and making alot of mistakes now tooo
i assure you to provide views/guidance whenever u need in this process, even after learning properly, if u need any help u will be always welcome
and i will eagerly wait for a day in near future when you will post a chart and say "look casper, i found it"
on that day, i will feel that all my efforts are now paying
(i will not disclose the names, but i have helped a few ppls here in ichart and out of ichart too, to learn and master the art of t.a, and u cant imagine, how happy moments are those when one of them comes forward with their own analysis, some time their views differ from me, some times they r right, some time i am, but i just can not describe the overall satisfaction i get from their effort, if u dont get bored by lengthy reply then i will describe what happened on yesterday...... yesterday one of them called me up, and said "dada, i hv opened a forex a/c... i shouted "why???u want to lose all ur capitals in a day??"
he said"suno to sahi...meine tumhe apni contract note email kar dia,take a look, i have tripled my a/c in a day...." now this is the magic of t.a, i want all of you to be successful in this market...thats my dream, plz help me to realize it)
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marthandan
White Belt
Joined: 14 Jan 2007
Posts: 26
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| Post: #2453 Posted: Sun Apr 10, 2011 2:35 pm Post subject: |
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Dear Casper,
Bravo
marthandan.
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gambletrader
White Belt
Joined: 24 Feb 2011
Posts: 27
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| Post: #2454 Posted: Sun Apr 10, 2011 6:10 pm Post subject: Thanks Casper Bro |
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Casper Bro,
I surely believe so many people follow your views and will be benefiting . Never ever have a doubt on that one. Sure we will come up with our ideas in the forum and make you happy. But in the mean time please be assured that you are a source of inspiration to so many people who want to learn TA. And we will always look up to you. This is my first post , just wanted to say I am following your thread and learning a lot. Thanks for the wonderful service you do in a truly altruistic manner.
Cheers,
vkisho
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mrvishal_g
White Belt
Joined: 17 Sep 2010
Posts: 89
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| Post: #2455 Posted: Sun Apr 10, 2011 6:25 pm Post subject: |
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CASPER JAISA KOI NAHI, he is definately doing a great job.
Hellooooooooooooo.................Casper
How r u brother???
Vishal
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S.S.
White Belt
Joined: 09 Feb 2011
Posts: 241
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| Post: #2456 Posted: Sun Apr 10, 2011 6:41 pm Post subject: |
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 great.......
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shaadoo
White Belt
Joined: 22 Jul 2010
Posts: 153
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| Post: #2457 Posted: Sun Apr 10, 2011 8:21 pm Post subject: |
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| casper wrote: | | ridinghood wrote: | hi CASPER
thanx alot brother!
u embarass me no end by saying that u r late. coz maintaining this great thread responding to so many fellow ichartians calls for huge effort which u r doing enthuiastically nd selflessly.
the fact is that this is otherway round as lesser people like me r invariably let in acknowledging ur effort .
regs
ridinghood |
ok
i have a proposal for you
just learn the techniques how i do this analysis and post ur findings
you must be in some other job or business so i dont say put 100% but for initial starting, give some 10-15 minutes per day to a chart, draw some trend lines by connecting highs and lows, use important ema like 34/89
use pivot points,
start it doing in eod charts only bcoz it comes for free here
at starting you will make mistakes, every one does so, me too made lots of mistakes and making alot of mistakes now tooo
i assure you to provide views/guidance whenever u need in this process, even after learning properly, if u need any help u will be always welcome
and i will eagerly wait for a day in near future when you will post a chart and say "look casper, i found it"
on that day, i will feel that all my efforts are now paying
(i will not disclose the names, but i have helped a few ppls here in ichart and out of ichart too, to learn and master the art of t.a, and u cant imagine, how happy moments are those when one of them comes forward with their own analysis, some time their views differ from me, some times they r right, some time i am, but i just can not describe the overall satisfaction i get from their effort, if u dont get bored by lengthy reply then i will describe what happened on yesterday...... yesterday one of them called me up, and said "dada, i hv opened a forex a/c... i shouted "why???u want to lose all ur capitals in a day??"
he said"suno to sahi...meine tumhe apni contract note email kar dia,take a look, i have tripled my a/c in a day...." now this is the magic of t.a, i want all of you to be successful in this market...thats my dream, plz help me to realize it) |
hi casper
spread ur blossoms of ur TA on us also.as u r so kind n faithful to TA that this process should continue and more n more ppl get the info of TA.
regards
shaadoo
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2458 Posted: Sun Apr 10, 2011 11:24 pm Post subject: |
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hiii
marthandan.vkisho,Vishal bhaiyya,s.s. and shaadoo
thanks and welcome
united we stand divided we fall
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2459 Posted: Mon Apr 11, 2011 10:14 am Post subject: BHUSANSTL |
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BHUSANSTL.. 5tf
*************
Above 485 we can see 490/494..(A close in 5tf. is more conclusive)..
SL 480
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #2460 Posted: Mon Apr 11, 2011 12:08 pm Post subject: |
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| casper wrote: | | ridinghood wrote: | hi CASPER
thanx alot brother!
u embarass me no end by saying that u r late. coz maintaining this great thread responding to so many fellow ichartians calls for huge effort which u r doing enthuiastically nd selflessly.
the fact is that this is otherway round as lesser people like me r invariably let in acknowledging ur effort .
regs
ridinghood |
ok
i have a proposal for you
just learn the techniques how i do this analysis and post ur findings
you must be in some other job or business so i dont say put 100% but for initial starting, give some 10-15 minutes per day to a chart, draw some trend lines by connecting highs and lows, use important ema like 34/89
use pivot points,
start it doing in eod charts only bcoz it comes for free here
at starting you will make mistakes, every one does so, me too made lots of mistakes and making alot of mistakes now tooo
i assure you to provide views/guidance whenever u need in this process, even after learning properly, if u need any help u will be always welcome
and i will eagerly wait for a day in near future when you will post a chart and say "look casper, i found it"
on that day, i will feel that all my efforts are now paying
(i will not disclose the names, but i have helped a few ppls here in ichart and out of ichart too, to learn and master the art of t.a, and u cant imagine, how happy moments are those when one of them comes forward with their own analysis, some time their views differ from me, some times they r right, some time i am, but i just can not describe the overall satisfaction i get from their effort, if u dont get bored by lengthy reply then i will describe what happened on yesterday...... yesterday one of them called me up, and said "dada, i hv opened a forex a/c... i shouted "why???u want to lose all ur capitals in a day??"
he said"suno to sahi...meine tumhe apni contract note email kar dia,take a look, i have tripled my a/c in a day...." now this is the magic of t.a, i want all of you to be successful in this market...thats my dream, plz help me to realize it) |
Hi Tushar,
Great going Dude, hope lot many come here with their TA analysis and I know, they will surely do some good TA in their charts, as sometimes we miss those minor points which the newbee find.
All the best for such a wonderful TA university you have opened in this thread.
regards,
Chetan.
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