iCharts Discussions

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

ST Sir,
Now NF consolidated above Bear can be Bullish?

Regards,
Dilesh

SwingTrader · Posted: Fri Aug 20, 2010 9:42 am Post subject:

SwingTrader · Posted: Fri Aug 20, 2010 10:41 am Post subject:

NF has found support in BEAR-S1 band...it has bounced from S1 level. If it breaks out above BEAR it is bullish....more so if it continues its move above LOC. SL in this case has to go below S1.

A breakdown below S1, of course, is bearish...a straight sell with SL above BEAR.

SwingTrader · Posted: Mon Aug 23, 2010 9:26 am Post subject:

NF between BULL & BEAR which are relatively close today. A break beyond BULL/BEAR is necessary for any decent trend to get established. I would look to trade any breaks beyond bull/bear.

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

Hi ST Sir,
Please explain the chart of RELCAPITAL. Would it be a good buy with support of ema 89 and BEAR level?

Regards,
Dilesh

SwingTrader · Posted: Mon Aug 23, 2010 11:43 am Post subject:

SwingTrader · Posted: Mon Aug 23, 2010 11:58 am Post subject:

Market now firmly bullish with stats also pointing in the same direction. Things will continue to be bullish until NF falls below LOC.

I am going to be out for the rest of the day today. I will be a bit free after end of this week. Will plan on posting more starting end of the week or next week on wards.

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

SwingTrader · Posted: Tue Aug 24, 2010 9:07 am Post subject:

NF is between BEAR & LOC...it has bounced from the bear level. A break below bear will be bearish and a straight sell with SL above LOC. A break above LOC will be a buy with SL below bear.

SwingTrader · Posted: Tue Aug 24, 2010 9:46 am Post subject:

NF : Watch the S1 level....it price falls through it then significant downside move is possible. NF will now be bullish only on a break above BEAR & 89 EMA which are close to each other.

BNF : Bearish if it breaks below S1 (89 EMA is also around this level so some support is there here)

SwingTrader · Posted: Tue Aug 24, 2010 12:16 pm Post subject:

Finally a good trade in NF after I missed the monster move few days ago Very Happy

I have offloaded part of my NF position just above S3 as I did built up a big position size. I have also tightened my stops significantly for the remaining position.

SwingTrader · Posted: Wed Aug 25, 2010 9:05 am Post subject:

NF between LOC & BEAR. A break above LOC will be bullish and a breakdown below BEAR will be bearish.

SwingTrader · Posted: Wed Aug 25, 2010 9:44 am Post subject:

Market stats at the moment are firmly bearish:

BULLISH : 20
SIDEWAYS WITH BULLISH BIAS : 14
SIDEWAYS : 147
SIDEWAYS WITH BEARISH BIAS : 75
BEARISH : 122

*** The above stats are based on where the scrips are w.r.t iCharts levels

SwingTrader · Posted: Wed Aug 25, 2010 10:39 am Post subject:

Market Stats as of 10:35 AM :

BULLISH : 20
SIDEWAYS WITH BULLISH BIAS : 5
SIDEWAYS : 76
SIDEWAYS WITH BEARISH BIAS : 91
BEARISH : 266

This is a very strong downmove or climax before the market turns up? You decide Very Happy

SwingTrader · Posted: Wed Aug 25, 2010 11:27 am Post subject:

Market stats still very much bearish. NF has to breakout above BEAR and stay there for atleast a few bars (on 5 mins chart) to turn this one into sideways if not bullish.