iCharts Discussions

[Jackpot_Madhan]

Zones of Camarilla :

The zone between R1 and S1 is known as “Trend-forming Zone”, This zone is most of the times very volatile and difficult to trade, hence Avoid making any New Trade Entry while the stock is trading in this ZONE.

Trend Reversal Zone :

The Zone between R1 and R2 and the Zone between S1 and S2 are known as trend reversal Zones. Any stock opens in this Zone above R1 and goes towards R2 (especially when the market trend is bearish), will get resisted at R2 and commence bearish run towards S2 and further below till Break-Down and S5 and sometimes even below. The vice-versa is also applicable especially when the market trend is bullish and the stock is trying to test S2, will get support and proceed towards R2, Break-out and R5 and even above.

Bullish Zone :

If the stock Opens the day between R2 and R3 or R3 and break-out, it is in Bullish Zone.

Bearish Zone:

If the stock Opens the day between S2 and S3 or S3 and Break-down, it is in Bearish Zone.

Break-out Zone:

If the stock opens above break-out level and within R5, it is break-out Zone.

Break-Down Zone:

If the stock opens below break-down and above S5, it is break-down Zone.

Trade Reversal :

When ever break-down or break-out levels are used as Stop-loss, you have to REVERSE the trade on Hitting the STOP-loss with DOUBLE the quantity, keeping previous entry point as the current STOP-loss.

[vinay28]

I have tried this, even for scrips. Not very satisfactory, perhaps because it is too well known.

[Jackpot_Madhan]

Nifty Spot Camarilla Levels for the Day 17.01.2013

R5 - 6066
R4 - 6037
R3 - 6019
R2 - 6013
R1 - 6008
S1 - 5996
S2 - 5990
S3 - 5984
S4 - 5967
S5 - 5938

Watch the vibrations in Nifty Spot near S3 and R3

[opportunist]

[vinay28]

I don't understand what you mean oppo but thanks anyway

[opportunist]

[sreenath77]

Classical pivots are more popular and you can see the price taking support and finding resistance more regularly on these.

[amitkbaid1008]

[vinst]

[amitkbaid1008]

Vinst

Here is a chart for Level 1008

and then 1+0+0+8=9

so +/- 9 from that level

I marked 1008-9=999

and then 999-9=990

also

[vinay28]

amit. what range you will take for nifty of 6000? 6 or 60?

[pkholla]

We all see what we want(wish) to see, including man on moon on days near about full moon.
Did anyone see NASA foto of smiling sun winking at us on 21-12-12? (Spoof on Maya calendar)
Rgds, Prakash Holla

[vinst]

[amitkbaid1008]

[amitkbaid1008]