iCharts Discussions

[a1b1trader]

NF -ww 5 min tf tgt 7782 14.8.14

In this chart one -ww has already triggered and has started downmove towards its target of around 7782.

Readers will also notice that on right side of this wolfe another -ww will form incase, NF reverts from the present position and moves upwards and crosses 7815 ( as I am anticipating that NF can reach 7820/25 and so, a fall below 7815 will trigger this bearish wolfe, to a target of 7785/80 again)

Let us see how the movement pans out tomorrow.

[a1b1trader]

NF -ww 30 min tf tgt 7680 14.8.14

Sorry
Forgot to post this bearish wolfe.
This wolfe has yet to trigger, the trigger point being around 7790.

So now we have 3 bearish wolfes, one of them already triggered and fall of this first one will trigger second one and a fall to 7680 will trigger the third one.

Let us see, whether it happens as anticipated.

[a1b1trader]

My Observations - NF

For Monday

Monday can be a choppy and range bound day, the range being either 7775 - 7825 (short range) or 7750 - 7850 (long range). However, if NF is able to break this range of 7850 on upper side and 7750 on lower side and remain above 7850 or below 7750 (as the case may be) then this will be the likely move for the short term, atleast

Holding 7815

C&SA 7845/50 -> 7875 -> BO

Highly bullish above 7875

However please note that if NF fail to cross 7850 decisively then, there could be a danger of reversal again for lower levels. So be careful about the movement.

B&RB 7750 -> 7725/20 -> 7695/90 -> 7660/50 -> 7620/10 -> BD

Now there are 3 -wws, and the interesting fact is all the 3 are interlink, that is, the fall of first will trigger second one and the fall of second one will trigger third one, The target of this third -ww is around 7600, as posted on Thursday.

Will update realtime, as and when possible, if necessary. However, please note that in case of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

[a1b1trader]

NF Ichimoku Chart 60 min tf 14.8.14

[a1b1trader]

NF Ichimoku Chart Daily TF 14.8.14

[a1b1trader]

[a1b1trader]

My Observations - BNF

For Thursday

Want to share two points

First, a bearish wolfe with target 15030/15000 is already on the run

and second, You must have noticed that since last 7 trading sessions, BNF is not able to cross 15200 level, to turn bullish, as emphasized by me

Now BNF will be bullish only above 15275/300.

Monday can be a choppy and range bound day for BNF and the range could be 15000 - 15200/25 and any break of this range will move BNF in that direction.

C&SA 15125/50 -> 15200/25 -> 15275/300 -> 15350/75

Will post more levels once C&SA 15375

And

B&RB 15100/075 ->15025/15000 -> 14950/25 -> 14875/50 -> 14800 -> 14750 -> sell off


Will update realtime, as and when possible, if necessary. However, please note that in case of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

[a1b1trader]

BNF Ichimoku Chart Daily TF 14.8.14

[a1b1trader]

BNF Ichimoku Chart 60 min tf 14.8.14

[a1b1trader]

[a1b1trader]

BNF

Seems unable to cross 15300. If so and fails to cross then we can see 15150

Also supported by a -ww with similar target of around 15175

Take care

[a1b1trader]

NF

If fail to cross 7850, then likely to fall

Also a small -ww to a target 7825

[a1b1trader]

NF has crossed previous high of 7839
But NS is still below previous high of 7840.95

[a1b1trader]

[a1b1trader]