iCharts Discussions

[dhdaarya]

midpoint-5968
+161=6007.8
+261=6043.7

-161=5928.2
-261=5892.3

[dhdaarya]

twist bhai 5968 playing good again

[twist]

[dhdaarya]

midpoint- 5912.3
+161= 5934.6
+261=5954.7

-161= 5890
-261=5869.9

[twist]

frnds 15min high low gives good sup/res posting chart below of 6k call 1min tf

[vinay28]

[twist]

15min high low can be useful in one way mkt for example if mkt is uptrending one way it will consolidate between 15min high and upper 161 levels now one can buy above 161 trgting upper 261 sl at 161 or 15min high

[twist]

[dhdaarya]

twist bhai keep updating. go on

[twist]

[paa]

today's levels please

[thebhargavpandya]

r4 --5952 r3 --5937.3 2.61-5928.2 1.61- - 5913.2 midpoint-5896 1.61- 5879 2.62--5864.9 r3- 5855.7 r4--5840

[dhdaarya]

thank u thebhargavpandya

[taruj]

From all the questions that have come up regarding how to use these levels. You can understand it in the following manner:

1. Wait for the price to go UP to R1 to initiate a SHORT POSITION OR Wait for the prices to go DOWN to S1 to initiate a LONG position. [Basic TA Rule of buy at support and sell (short sell) at resistance]

2. If you are short from R1 you can probably the Stop Loss at R2 if you Long from S1 you can probably keep Stop Loss at S2.

3. Both 1 & 2 are subject to market being rangebound (and the range can be big).

4. If market is not rangebound then you can probably go LONG on R1 for probable target at R2 (and R3,R4) OR go SHORT on S1 for probable target at S2 (and S3, S4). You must understand that point 4 is a breakout kind of strategy its difficult to comment on SL.

Like twisteshwar maharaj has said many times you probably shouldn't use these levels in isolation and use your own Technical analysis or pattern identification methods. etc, with your own MM techniques.

Requesting twist to comment & correct.

Regards,
taruj

[twist]

Taruj anna perfect