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Analysing NF using iCharts levels - Aug 2011 |
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Post: #61  Posted: Fri Aug 12, 2011 12:54 pm Post subject: |
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| vinay28 wrote: | Dear ST
Did it not go below S1 also? |
Yes, as I said, below S1 we are very bearish. NF is still below S1, now BEAR-S1 is going to be big resistance for the up move.
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Srikanth Kurdukar
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| Post: #62 Posted: Tue Aug 16, 2011 9:30 am Post subject: |
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NF has opened above BULL-R1, dropped into the bull-r1 zone and is probably finding support here. If this support holds (NF should not drop below BULL) then we have probability of seeing higher prices. Below BULL it gets a bit bearish and LOC, then BEAR-S1 may be tested for support.
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Ravi_S
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| Post: #63 Posted: Tue Aug 16, 2011 9:44 am Post subject: |
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| ST can you post today's levels in FB? |
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| Post: #64 Posted: Tue Aug 16, 2011 9:50 am Post subject: |
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| Ravi_S wrote: | | ST can you post today's levels in FB? |
Ravi,
Today's levels were posted on FB on 12th evening itself.
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guru.july
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| Post: #65 Posted: Tue Aug 16, 2011 10:15 am Post subject: |
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| Time to short NF i guess.. It's trying to cross bull and go towards LOC. RSI and Stoch also going down. |
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| Post: #66 Posted: Tue Aug 16, 2011 11:02 am Post subject: |
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| guru.july wrote: | | Time to short NF i guess.. It's trying to cross bull and go towards LOC. RSI and Stoch also going down. |
Best to wait for a close below BULL...around the key levels there will be fake moves. Same for up move....wait for a close above R1. Beyond BULL/R1 we have trend.
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guru.july
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| Post: #67 Posted: Tue Aug 16, 2011 11:04 am Post subject: |
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Best to wait for a close below BULL...around the key levels there will be fake moves. Same for up move....wait for a close above R1. Beyond BULL/R1 we have trend.[/quote]
Ya i agree ST. Im waiting for the confirmation. Just watching now. |
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satishboda
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| Post: #68 Posted: Tue Aug 16, 2011 11:36 am Post subject: |
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| wait for a close.. what does that mean.. is it on 5 min candle or 15 min candle. |
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| Post: #69 Posted: Tue Aug 16, 2011 11:43 am Post subject: |
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| satishboda wrote: | | wait for a close.. what does that mean.. is it on 5 min candle or 15 min candle. |
5 mins
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| Post: #70 Posted: Tue Aug 16, 2011 11:48 am Post subject: |
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NF now below BULL. BULL-R1 now significant resistance for any up move.
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guru.july
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| Post: #71 Posted: Tue Aug 16, 2011 11:56 am Post subject: |
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| SwingTrader wrote: | | NF now below BULL. BULL-R1 now significant resistance for any up move. |
ST, Do you expect rebound from LOC or will it go and touch BEAR? |
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| Post: #72 Posted: Tue Aug 16, 2011 12:01 pm Post subject: |
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| guru.july wrote: | | SwingTrader wrote: | | NF now below BULL. BULL-R1 now significant resistance for any up move. |
ST, Do you expect rebound from LOC or will it go and touch BEAR? |
We have good support at LOC (based on other indicators)....but one never knows. I usually assume that it will go to BEAR-S1 but I watch the price action around LOC very closely for a reversal. Around BEAR-S1 there is always a good chance of reversal as there is going to be strong support.
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sachin2278
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| Post: #73 Posted: Tue Aug 16, 2011 12:17 pm Post subject: |
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| What is the bear s1 level |
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| Post: #74 Posted: Tue Aug 16, 2011 12:23 pm Post subject: |
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| sachin2278 wrote: | | What is the bear s1 level |
Sachin,
We are talking about "iCharts Levels" - the levels that appear below the chart on JCharts (Premium) / JCharts (Basic) pages for the scrip you have selected.
BEAR-S1 is a key support/resistance area (a price range) where one can expect significant sup/res once price moves into this zone.
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SwingTrader
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| Post: #75 Posted: Tue Aug 16, 2011 2:20 pm Post subject: |
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NF has hit BEAR level, time to tighten SLs / book profits etc as we have significant support in this price range (BEAR-S1)....watch for a probable reversal to the upside from here.
Serious down move now only if we break below S1.
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