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Examples (March 2011) |
SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #16 Posted: Mon Mar 28, 2011 9:07 am Post subject: Re: Welcome back |
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rvgandhi wrote: | Dear ST.. Welcome back to routine work...
May the almighty bless you with a good health, wealth and prosperity.. |
Thank you very much. _________________ Srikanth Kurdukar
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #17 Posted: Mon Mar 28, 2011 9:08 am Post subject: |
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deepakms wrote: | Dear ST,
WELCOME BACK !
Pls keep posting and I think you had posted in the forum a few days back on starting a new topic on various settings to read charts.
I had requested in the same post to show in detail the chart used by you,meaning the settings and specific values like EMA (89 and 34).
Its been some since I have been using icharts but its always different to see what the expert uses.
So awaiting that new discussion............
Rgds
Deepak |
Thanks. Yes, I will start posting more detailed stuff in the next few days. _________________ Srikanth Kurdukar
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #18 Posted: Mon Mar 28, 2011 9:52 am Post subject: |
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NF has opened between the two key sup/res bands. These bands are relatively close together today indicating either a sideways move or a consolidation between the two bands followed by a breakout in one direction....will have to see. Big move is now possible only when NF moves beyond one of these bands. _________________ Srikanth Kurdukar
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #19 Posted: Mon Mar 28, 2011 9:54 am Post subject: |
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One thing to note in the chart posted below is that price is above 89 EMA which is just below the BEAR-S1 band. So if price moves down there may be significant support around BEAR-S1 band + 89 EMA. So at the moment downside seems to be limited until both BEAR-S1 and 89 EMA are broken to the downside. _________________ Srikanth Kurdukar
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #20 Posted: Tue Mar 29, 2011 9:55 am Post subject: |
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29.03.2011
NF has rallied up from LOC into the BULL-R1 band. If a reversal is to happen it will probably happen in BULL-R1 band. Above R1 the uptrend can continue.
LOC might again come into play as 89 EMA is around there, there is significant support here. _________________ Srikanth Kurdukar
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manass White Belt
Joined: 21 Sep 2009 Posts: 172
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Post: #21 Posted: Sat Apr 02, 2011 7:22 pm Post subject: |
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Welcome ST, all our best wishes is with you.
After a long time I got a little bit understanding on the levels from 1st posting of this thread.
Thanks & Regards |
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