iCharts Discussions

SwingTrader · Posted: Sat Sep 29, 2018 8:49 am Post subject:

NSE Breadth Oscillator as on 28th SEP 2018

All three oscillators - long, medium & short - are at the bottom. Start focusing on price action of leading stocks (the ones that did not go down much in the recent decline) and indexes. I will be buying only leading stocks that breakout first after this decline is done. I strongly feel one should not preempt a rally and buy just because oscillators are at the bottom. Price action is the key.

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

Thanks.

SwingTrader · Posted: Mon Oct 01, 2018 7:18 pm Post subject:

NSE Breadth Oscillator as on 1st Oct 2018

All oscillators at rock bottom, market is oversold and could be due for a short pullback. A proper intermediate term rally will probably require some consolidation time to repair the big damage done to most stocks.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

ST,

all oscillators might have touched bottom today, please update.

manoj

SwingTrader · Posted: Wed Oct 03, 2018 6:54 pm Post subject:

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks ST

SwingTrader · Posted: Thu Oct 04, 2018 6:42 pm Post subject:

NSE Market Breadth Oscillator as on 4th OCT 2018

The same situation continues. All three oscillators, obviously, at the bottom. NIFTY 500 index continues to go down. Nothing to do but to wait for price to turn. Wait and watch mode. Don't force any trades. Patience is required now.

SwingTrader · Posted: Sat Oct 06, 2018 8:48 am Post subject:

NSE Market Breadth Oscillator as on 5th OCT 2018

Much of the same as all oscillators keep grinding the bottom. Keep the focus on price action. Scan and look for stocks that are not going down much in this decline. I would not buy but keep a close watch on those stocks. Such stocks would be the ones that could breakout of the decline first.

Again, keep focus on overall market and the price action surrounding it (NIFTY500). This could go on for a while as there is significant damage done.

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

I read that in bse sensex 500, 80% stocks are below their 200dma.. same must be for nifty too then?

Everyday FII has been adding shorts and buying puts as per data even on friday. Its not over yet.

Sun08 · White Belt Joined: 21 Aug 2017 Posts: 478

On 5/10/18, S&P dollex made a double bottom with the low of May '17 when nifty made a low of 9272, a div of 1000 points in nifty. I expect a sharp reversal before next fall. It also means that INR may strengthen.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

ST,

The current charts is a close match with 2013 charts where the long term trend stayed near bottom for many months before any raise was noticed with few short term pullback.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

ST,

any change in short term oscillator after today's pullback from lows.....

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

ST,

Please post updated chart if possible.

SwingTrader · Posted: Wed Oct 10, 2018 9:03 am Post subject:

NSE Breadth Oscillator as on 9th Oct 2018

No improvement in breadth. Lot of damage, it is going to take a while. Even if the short-term oscillator takes a trip to +100, we will probably see good setups only if medium term starts to move up strongly. This could take time due to the overall damage to charts / psychology of investors.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks