iCharts Discussions

[sunrays]

as posted in my previous post about the evening star pattern which was indicative of the next move in nifty we have witnessed a nice healthy fall 2day

[cbosein]

Hi Sunrays,

New to your posts.

1) You explained demand & supply zones based of 34ema on EOD basis. What RSI setup for this & how to interpret based on RSI levels for a given EOD?

2) How to identify equilibrium zone?

Thanks & regards,
Keerthi

[sunrays]

cbosein u can play rsi divergences @ critical ema's or even play oversold or overbought rsi factor 40-80 generall in a bull market on the eod chart....

as far as equilibrium is concerned here i meant more of a consolidation @ criical ema's on the eod charts of nity spot so that u get ready for the next move n hedge or trade accordingly

[sunrays]

nifty following fibonacci corrective pattern

soon after it hit 6222 it corrected 3% to close to 6050 n then bounced to hit a new high 6284 n then corrected 5% to get close to the 5970 mark n then again bounced to hit 6338 n corrected 8% to 5821 and yesterday's solid bounce was immensely indicative of how strong this 8% correction meant to the market

[sambhaji_t]

WORLD MARKETS ARE FALLING LIKE WATER FALL BUT DEMAND-SUPPLY STRATEGY IS SHINING LIKE SUNRAYS

HATS OFF TO AUTHOR --- SUNRAYS