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Analysing NF using iCharts levels - Aug 2011 |
SwingTrader
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Post: #136  Posted: Tue Aug 23, 2011 8:58 am Post subject: |
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| vinay28 wrote: | Dear ST
What do the S to R values posted on FB and at the bottom of home page stand for?
Vinay |
They are iCharts levels for NF (same as those available under the chart on Jcharts (Premium) page)
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Srikanth Kurdukar
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vinay28
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| Post: #137 Posted: Tue Aug 23, 2011 9:07 am Post subject: |
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| Oh no ST. I found nf numbers at third place. At first and second places there are numbers which are in 20 and 50K levels and I am talking about them. |
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vinay28
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| Post: #138 Posted: Tue Aug 23, 2011 9:08 am Post subject: |
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| sorry in 20 and 60/70 K levels |
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SwingTrader
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| Post: #139 Posted: Tue Aug 23, 2011 9:11 am Post subject: |
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| vinay28 wrote: | | sorry in 20 and 60/70 K levels |
Oh! I just checked....those are our new Gold & Silver weekly levels.
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Srikanth Kurdukar
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SwingTrader
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| Post: #140 Posted: Tue Aug 23, 2011 9:37 am Post subject: |
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This morning NF is falling into BEAR-S1 area from BULL level. Price action around BEAR-S1 is what we should watch. If NF slices through it down and breaks S1 then we head down further to S3. If NF is supported in BEAR-S1 range and it breaks above BEAR then we may see a reversal to upside.
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Srikanth Kurdukar
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SwingTrader
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| Post: #141 Posted: Tue Aug 23, 2011 12:07 pm Post subject: |
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NF near BULL....significant resistance above in BULL-R1 area.
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Srikanth Kurdukar
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guru.july
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| Post: #142 Posted: Tue Aug 23, 2011 12:09 pm Post subject: |
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| SwingTrader wrote: | | NF near BULL....significant resistance above in BULL-R1 area. |
Thanks ST!! |
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SwingTrader
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| Post: #143 Posted: Wed Aug 24, 2011 9:59 am Post subject: |
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Nice move today....NF bounced right off BEAR this morning and is heading to BULL-R1 area. If it can weather the resistance there and slice through R1 then we may have a big up move. A reversal from BULL-R1 will bring it back to test LOC or even BEAR. For now the trend is up...
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vinay28
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| Post: #144 Posted: Wed Aug 24, 2011 10:05 am Post subject: |
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| Thanks ST |
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SwingTrader
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| Post: #145 Posted: Wed Aug 24, 2011 11:21 am Post subject: |
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NF sideways until now...morning it bounced from BEAR but it could not reach BULL, fell back below LOC, now unable to reach bear. Clearer indication of direction now possible only when it reaches one of the key levels BULL or BEAR. Until then sideways....
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SwingTrader
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| Post: #146 Posted: Wed Aug 24, 2011 11:29 am Post subject: |
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Got my wish...NF below BEAR. Watch price action near S1, if price is not supported then we may head lower. A consolidation and break above BEAR may set us on course to BULL.
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vinay28
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| Post: #147 Posted: Wed Aug 24, 2011 12:43 pm Post subject: |
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| NF below Bear as per your "wish", ST? |
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guru.july
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| Post: #148 Posted: Wed Aug 24, 2011 12:53 pm Post subject: |
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| NF kissed 34 EMA and reversed.. |
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vinay28
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| Post: #149 Posted: Wed Aug 24, 2011 12:55 pm Post subject: |
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| It also bearly crossed S1 |
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gambletrader
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| Post: #150 Posted: Wed Aug 24, 2011 1:52 pm Post subject: |
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| guru.july wrote: | | NF kissed 34 EMA and reversed.. |
Also note that 89 EMA was there. So it offered strong resitance.Nifty is now caught between the Saas and Bahu MAs ( Courtesy PT) 89EMA and 200 SMA. Unless otherwise it breaks either one there will not be much movement for the day. |
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