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CHARTS & PATTERNS |
sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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Post: #91  Posted: Sat May 05, 2012 9:02 pm Post subject: |
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| Thanx shekhar for reply.
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #93 Posted: Sat Jul 14, 2012 10:58 am Post subject: |
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This is an alternative view for the count which believes that correction to the wave starting from the lows of 2009 to the highs of 2010 has ended at 4534 and we are firmly in the uptrend next impulsive started from 4534.
So here is the bearish view. Chart 1 is a weekly chart. Correction so far is about 40% of the previous uptrend which happens to be W:a presently W:b either done at 62% hence the lower tgt at 3850. (remember this is W2 and most of the times does a retrace closer to 62%). Starting from the lows of 4534 wave structure so far is 5-3-? (most likely zig zag 5-3-5) Hence b up is on.
Chart 2 daily chart. Presently b:A 5 wave structure and b:B 3 wave done and b:C is going on, which has to be necessarily a 5 wave structure. Which on equality basis comes to 5812 approx. before any significant down move could unfold. 
Happy Trading !
SHEKHAR
NB: Charts are for NF from GCI, hence values may be at a little variance for true NF values at NSE.
| Description: |
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| Filesize: |
35.67 KB |
| Viewed: |
432 Time(s) |
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| Description: |
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| Filesize: |
46.84 KB |
| Viewed: |
388 Time(s) |
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Last edited by shekharinvest on Sat Jul 14, 2012 3:44 pm; edited 1 time in total |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #94 Posted: Sat Jul 14, 2012 12:15 pm Post subject: |
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| Sekhar, so we are heading towards 5800 for nf, correct ?
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #95 Posted: Sat Jul 14, 2012 3:45 pm Post subject: |
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| sonila wrote: | | Sekhar, so we are heading towards 5800 for nf, correct ? |
Yes that is my preffered view
SHEKHAR
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #101 Posted: Fri Jul 27, 2012 12:57 am Post subject: |
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| Symmetrical triangle refers to what ?
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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jdpt
Yellow Belt
Joined: 25 Jun 2012
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #104 Posted: Fri Jul 27, 2012 1:27 am Post subject: |
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Thanks for link. I am new to TA 
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jdpt
Yellow Belt
Joined: 25 Jun 2012
Posts: 806
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| Post: #105 Posted: Fri Jul 27, 2012 8:54 am Post subject: |
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Your  sonshu101.
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