iCharts Discussions

[ConMan]

Divergence works even better in longer TF.... Look at Nifty Fut charts....Infosys looking in bad shape now....can we see a big fall in it???

Regards
QGM.

[sandew]

Infosys on weekly TF charts is an interesting study. Just few questions for food-thought
1. What is the trend
2. How deep will I put my SL when deciding to enter on weekly chart
3. Do I enter basis divergence or wait for trendline break
4. On daily TF, whats the outlook

Lets hazard a guess before Monday market open.

[ConMan]

1. What is the trend ...
The trend is still bullish in the weekly ATM...
2. How deep will I put my SL when deciding to enter on weekly chart
We probably need to wait before opening shorts as Infy is bit oversold....we can probably enter when we get a sell in 60mins....
3. Do I enter basis divergence or wait for trendline break
Wait for TL break
4. On daily TF, whats the outlook ...its a sell in EoD...with SL near 2770

Rgds
QGM

[vinst]

RSI for NIFTY has broken above falling trendline. so as of now strength should not be labelled as falling for nifty.

regards
vin

[ConMan]

Yes Vinst...it could have...we are talking of Infy here

[maha]