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Analysing NF using iCharts levels - Aug 2011 |
SwingTrader
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Post: #121  Posted: Fri Aug 19, 2011 10:09 am Post subject: |
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If long, do not stay long below 4870 and surely not below S3.
** sorry, making too many mistakes today  had posted 4883 instead of 4870 above....corrected it now.
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Srikanth Kurdukar
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guru.july
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| Post: #122 Posted: Fri Aug 19, 2011 10:12 am Post subject: |
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| SwingTrader wrote: | If long, do not stay long below 4870 and surely not below S3.
** sorry, making too many mistakes today had posted 4883 instead of 4870 above....corrected it now. |
It's okay ST....We are understanding the logic  |
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guru.july
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| Post: #123 Posted: Fri Aug 19, 2011 10:32 am Post subject: |
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| Touched 20 EMA and reversed.. |
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guru.july
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| Post: #124 Posted: Fri Aug 19, 2011 1:22 pm Post subject: |
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| NF headed towards S4 after touching and reversing from 34 EMA. |
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SwingTrader
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| Post: #125 Posted: Mon Aug 22, 2011 9:28 am Post subject: |
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NF around BEAR level. Price action around here (upto S1 level) is important, watch for reversal to the upside in this area. Below S1 we may continue down.
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Srikanth Kurdukar
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guru.july
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| Post: #126 Posted: Mon Aug 22, 2011 10:01 am Post subject: |
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| SwingTrader wrote: | | NF around BEAR level. Price action around here (upto S1 level) is important, watch for reversal to the upside in this area. Below S1 we may continue down. |
Hi ST, What if the NF breaks BULL? Is BULL to R1 a tough resistance? |
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SwingTrader
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| Post: #127 Posted: Mon Aug 22, 2011 10:26 am Post subject: |
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| guru.july wrote: | | SwingTrader wrote: | | NF around BEAR level. Price action around here (upto S1 level) is important, watch for reversal to the upside in this area. Below S1 we may continue down. |
Hi ST, What if the NF breaks BULL? Is BULL to R1 a tough resistance? |
BULL-R1 is always a tough sup/res area (same for BEAR-S1, it is also a tough sup/res area).
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Srikanth Kurdukar
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vinay28
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| Post: #128 Posted: Mon Aug 22, 2011 12:53 pm Post subject: |
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Dear ST
What is the likely error in values of S, R, bull, bear, etc.? Only a couple of points?
Vinay |
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SwingTrader
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| Post: #129 Posted: Mon Aug 22, 2011 1:03 pm Post subject: |
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| vinay28 wrote: | Dear ST
What is the likely error in values of S, R, bull, bear, etc.? Only a couple of points?
Vinay |
What error? I did not understand, please explain.
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Srikanth Kurdukar
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vinay28
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| Post: #130 Posted: Mon Aug 22, 2011 1:14 pm Post subject: |
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| e.g. when you say bull level is 4876, what is the range? say 4872 to 4880 or exactly 4876? |
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SwingTrader
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| Post: #131 Posted: Mon Aug 22, 2011 1:18 pm Post subject: |
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| vinay28 wrote: | | e.g. when you say bull level is 4876, what is the range? say 4872 to 4880 or exactly 4876? |
Whatever number we have given is the where the level is but do not expect the support/resistance itself to be exactly at that level. If we say BULL is 4876.47 it does not mean that bullish move will start exactly at that point or exactly above it...these are the levels around which one can expect probable support/resistance. Example: BULL-to-R1 range is where one can expect significant support or ressitance (depending where the price currently is).
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Srikanth Kurdukar
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vinay28
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| Post: #132 Posted: Mon Aug 22, 2011 1:21 pm Post subject: |
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| Thanks ST |
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SwingTrader
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| Post: #133 Posted: Mon Aug 22, 2011 1:55 pm Post subject: |
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NF turning down from R1...watch out for a reversal down.
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Srikanth Kurdukar
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SwingTrader
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| Post: #134 Posted: Mon Aug 22, 2011 2:03 pm Post subject: |
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Clearing R1 is going to be tough but if NF clears it then we can see fast move up to R3.
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vinay28
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| Post: #135 Posted: Tue Aug 23, 2011 8:45 am Post subject: |
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Dear ST
What do the S to R values posted on FB and at the bottom of home page stand for?
Vinay |
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