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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #46  Posted: Tue Dec 11, 2018 3:16 pm Post subject: |
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| In spite of ruling party's failure in assembly elections and RBI governor resignation mkt is trying to maintain above monthly S1 and yearly close,so let us hope for crossing 200Dma again and to continue it's upward journey. |
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amit522
White Belt
Joined: 31 Oct 2017
Posts: 117
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| Post: #47 Posted: Tue Dec 11, 2018 11:26 pm Post subject: Re: bullish flags |
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| amit522 wrote: | | back to back bullish flags on Banknifty daily charts |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #48 Posted: Wed Dec 12, 2018 11:32 pm Post subject: |
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| chandrujimrc wrote: | | In spite of ruling party's failure in assembly elections and RBI governor resignation mkt is trying to maintain above monthly S1 and yearly close,so let us hope for crossing 200Dma again and to continue it's upward journey. |
Again 200DMA crossed. |
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sunny_cool
White Belt
Joined: 06 Jan 2016
Posts: 6
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| Post: #49 Posted: Tue May 28, 2019 10:06 am Post subject: |
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| test data |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #50 Posted: Fri Jun 21, 2019 12:30 pm Post subject: |
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| Nifty is in Flag pattern and +WW pattern,so shorters be alert,any time mkt will try to reach new all time high. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #51 Posted: Fri Jun 28, 2019 12:22 pm Post subject: |
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| Nifty finished the premium gap filling,so it is ready to start any time. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #52 Posted: Tue Jul 09, 2019 10:37 am Post subject: |
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| Nifty at strong support line,so shorters be alert. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #53 Posted: Wed Jul 31, 2019 11:51 am Post subject: |
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| Mkt in oversold condition.Moreover RSI at 25-30 region which is 300- to 500 points bounce back area.Either Nifty will start from here or after forming double bottom with RSI divergence.So shorters be alert. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #54 Posted: Fri Aug 23, 2019 4:10 pm Post subject: |
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| chandrujimrc wrote: | | Mkt in oversold condition.Moreover RSI at 25-30 region which is 300- to 500 points bounce back area.Either Nifty will start from here or after forming double bottom with RSI divergence.So shorters be alert. |
After this msg Nifty went from 10778 to 11176 nearly 400 points,now double bottom formed with RSI divergence.So chance of re-testing 11176 is very high with strict S/L of few points below recent low.Once again shorters be alert.Once Nifty closes above 11176(200DMA) it will continue it's upward journey. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #55 Posted: Sat Aug 24, 2019 7:32 pm Post subject: |
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Nifty route map
10569 10624 10658 10679 10713 10802 10857 10891 10946 11035 11090 11124 11179 11234 11268 11289 11323 11412 11467 11501 11556 11700 11789 11844 11933 12166 12310 12398 12543 |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #56 Posted: Mon Aug 26, 2019 3:25 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | Mkt in oversold condition.Moreover RSI at 25-30 region which is 300- to 500 points bounce back area.Either Nifty will start from here or after forming double bottom with RSI divergence.So shorters be alert. |
After this msg Nifty went from 10778 to 11176 nearly 400 points,now double bottom formed with RSI divergence.So chance of re-testing 11176 is very high with strict S/L of few points below recent low.Once again shorters be alert.Once Nifty closes above 11176(200DMA) it will continue it's upward journey. |
Nifty high 11065 nearly 420 points+ from double bottom low,so long position holders keep tsl as per your convenience.THIS IS MY VIEW ONLY. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #57 Posted: Tue Sep 24, 2019 10:29 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Mkt in oversold condition.Moreover RSI at 25-30 region which is 300- to 500 points bounce back area.Either Nifty will start from here or after forming double bottom with RSI divergence.So shorters be alert. |
After this msg Nifty went from 10778 to 11176 nearly 400 points,now double bottom formed with RSI divergence.So chance of re-testing 11176 is very high with strict S/L of few points below recent low.Once again shorters be alert.Once Nifty closes above 11176(200DMA) it will continue it's upward journey. |
Nifty high 11065 nearly 420 points+ from double bottom low,so long position holders keep tsl as per your convenience.THIS IS MY VIEW ONLY. |
At last Nifty closed above 200 DMA and continuing it"s upward journey.But it seems to be a temporary one,because time being govt has given some boost to the mkt,which has rallied from monthly S1 to R2 by crossing four lvls at a stretch.But as per our and world economical condition the sustainability of this rally is a question mark.More over the qtrly results are going to be released from Oct first week on wards.Each and every one knows about the performance of this current qtr.At the most mkt will try to hit 11800-11900 range,from this zone it will try to retest the interim low 10000 lvl as per monthly double top chart.This will be negated if there is a formation of triple top in monthly chart.So long holders be alert to keep tsl at least a close below 200DMA.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #58 Posted: Fri Oct 11, 2019 12:14 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Mkt in oversold condition.Moreover RSI at 25-30 region which is 300- to 500 points bounce back area.Either Nifty will start from here or after forming double bottom with RSI divergence.So shorters be alert. |
After this msg Nifty went from 10778 to 11176 nearly 400 points,now double bottom formed with RSI divergence.So chance of re-testing 11176 is very high with strict S/L of few points below recent low.Once again shorters be alert.Once Nifty closes above 11176(200DMA) it will continue it's upward journey. |
Nifty high 11065 nearly 420 points+ from double bottom low,so long position holders keep tsl as per your convenience.THIS IS MY VIEW ONLY. |
At last Nifty closed above 200 DMA and continuing it"s upward journey.But it seems to be a temporary one,because time being govt has given some boost to the mkt,which has rallied from monthly S1 to R2 by crossing four lvls at a stretch.But as per our and world economical condition the sustainability of this rally is a question mark.More over the qtrly results are going to be released from Oct first week on wards.Each and every one knows about the performance of this current qtr.At the most mkt will try to hit 11800-11900 range,from this zone it will try to retest the interim low 10000 lvl as per monthly double top chart.This will be negated if there is a formation of triple top in monthly chart.So long holders be alert to keep tsl at least a close below 200DMA.This is my view only. |
Nifty has given a weekly and two consecutive close below 200 DMA and monthly pivot,but now trying very hard to close above 200DMA and monthly pivot.So positional traders be patience to take position.Market seems to be very volatile here.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #59 Posted: Fri Jul 24, 2020 2:58 pm Post subject: |
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| Nifty has retested the break down level which will act as a strong resistance.If it is unable to cross and close above this Covid -19 crash break down lvl it will try to move towards the downward support level in between it will try to take support at 200day EMA.There may be a chance of crossing the resistance line due to extremely bullishness of Reliance.So trade accordingly with proper S/L.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #60 Posted: Thu Mar 24, 2022 12:02 pm Post subject: |
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| Current Nifty trading range is above 200DMA but below last year close,so till getting any side breakout we may buy near 200DMA and sell at yearly close and vice versa. |
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