iCharts Discussions

[seshareddy]

Hi friends

on oct 15th friday high 6224 low 6076 close 6091.98

on nov 12th friday high 6221 low 6074 close 6094

history repeated

just information to all


seshareddy

[girishhu1]

hellow seshaji,
the only difference is on earlier occassion, nifty was well above 34 ema and finally took support at 34 ema after a slide of about 200 points. and this time it is breaking down the 34 ema.
only for info
regards
girish

[casper]

nice observation girish bhai

[SID2060]

yup its breaking down the ema 34. On Monday if nifty close above ema 34 than we can buy nifty. Or we should wait for 2 closes above ema 34 for confirmation. Also as per fibonacci there exist a vry strong support at the psychological level of 6000. Also we may hope for support at ema 50, ema 89 etc.

Regards
Sid

[seshareddy]

yes small difference oct 15th not gone below 34ema now went below 34ema

one more difference also there

this time weekly rsi also given sell over bought over stayed released now

can we try to know the sell area key for down trend

with help of fib calculations

iam thinking that fib 618 raise and fall

if 618 broken upside mkt may show new highs also that is my doubt

let us c the real game

seshareddy

[nksachdev]

history represent also means what has been will be again.

Lets look at top formations.

We had our previous bull market top on 8th Jan 2008.

Our next major top is on 6th June 2009 immediately after the Manmohan singh govt won.

The above gives us a time frame of 17 months from top to top.

We add another 17 months to June top and we come up with 8th Nov where we expect to have a top.

Think about it now the meaning of history repeating .

Regards

Naresh Sachdev

XXXXXXXXXX--email has been removed by Admin. There is History behind this also. --PT

[seshareddy]

Hi nksachdev

okkkkkkkk i check nice study

thanks

seshareddy

[tripathi_manu]

[Padkondu]

as u all know, technical analysis is all about tracking da history, finding patterns and expect some thing basing on da history. dat is calculation of probability.

as i heard from da learned, history repeats, but not in da same as it did. here comes da question how? there could be several answers basing on different analysis. this is where experience counts.

regards
padkondu

[seshareddy]

hi padkondu

all patterns are history repeats only natural time cycle and pattern cycles always natural. once i get grip on this i try to open new thread and post regularly

seshareddy

[girishhu1]

[seshareddy]

hi girish

it depends on week open strength

we c the close and strength of week open and decide

seshareddy