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Analysing NF using iCharts levels - Aug 2011 |
guru.july
White Belt
Joined: 13 Jul 2010
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Post: #151  Posted: Wed Aug 24, 2011 1:55 pm Post subject: |
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| vkisho wrote: | | 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. |
Thanks vkisho!!! Thats a good observation  |
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SwingTrader
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Location: Hyderabad, India
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| Post: #152 Posted: Thu Aug 25, 2011 10:23 am Post subject: |
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NF falling from BULL-R1 since market open. At LOC now. We may reverse from here but if LOC breaks then BEAR-S1 will be tested where there is major support.
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Srikanth Kurdukar
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SwingTrader
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| Post: #153 Posted: Thu Aug 25, 2011 11:21 am Post subject: |
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Watch price action here...S1 is major support. If S1 breaks we go to S3 or a bit below it fast...A bullish reversal if it is to come soon will be around S1.
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Srikanth Kurdukar
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SwingTrader
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| Post: #154 Posted: Thu Aug 25, 2011 12:29 pm Post subject: |
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Price action near LOC will give us clue to the strength of the current move. If price breaks through LOC easily then BULL-R1 area could be tested.
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Srikanth Kurdukar
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SwingTrader
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| Post: #155 Posted: Mon Aug 29, 2011 10:32 am Post subject: |
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NF has opened right at R1 today and has rallied up since then. R3 is always a major resistance when price is moving up above BULL-R1 (similarly S3 is the major support below S1). A reversal if it is to happen anytime soon may happen around R3. Above R3 the trend would obviously continue...reversing from R3 we may test BULL-R1.
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Srikanth Kurdukar
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satishboda
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Joined: 15 Dec 2010
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| Post: #156 Posted: Tue Aug 30, 2011 9:19 am Post subject: |
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| what are the levels for today... Thanks |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #157 Posted: Tue Aug 30, 2011 9:21 am Post subject: |
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Dear ST
Please check S to R values on FB
Vinay |
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