iCharts Discussions

[a1b1trader]

Narrow Range (NR) Patterns formed today for the 4 major indices

NF - 2NR7 *
NS - No pattern
BN - 2NR4 *
BNF - 2NR4 *

* Pattern formed for the second consecutive day

So trade accordingly
Tomorrow will be a volatile day

Take care

[a1b1trader]

CNX IT

Has formed IDNR7
Inside bar with NR7 pattern

So, IT Index is also likely to be volatile.

Take care

[a1b1trader]

TATAMOTORS +ww 15 min tf tgt 518 20.8.14

[a1b1trader]

TATAMOTORS Ichimoku Chart 15 min tf 20.8.14

[a1b1trader]

TATASTEEL 5 min tf tgt 551 20.8.14

[a1b1trader]

TATSTEEL Ichimoku Chart 5 min tf 20.8.14

[a1b1trader]

RELIANCE +ww 30 min tf tgt 1030 20.8.14

[a1b1trader]

RELIANCE Ichimoku Chart 30 min tf 20.8.14

[a1b1trader]

NF +ww 3min tf tgt 7903 20.8.14

[a1b1trader]

SBIN +ww 3 min tf tgt 2420 20.8.14

[a1b1trader]

BNF +ww 3 min tf tgt 15540 20.8.14

[a1b1trader]

My Observations - BNF

For Thursday

Holding 15475/50

C&SA 15500 ->15550 -> 15600/10 -> 15650/75 -> 15725/50

Will post more levels once C&SA 15700

And

Though not likely to break 15475/50, but in case

B&RB 15450 ->15400 ->15325


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]

My Observations - NF

For Thursday

Holding 7875

C&SA 7880 -> 7900 -> 7920/25 -> 7950/55 -> 7975/80 ->8000

Above 7975, will post real time

Though not likely to break 7880/75, but in case fail to hold

B&RB 7875 -> 7855/50 -> 7830/25

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

Use proper SL/TSL

[a1b1trader]

[a1b1trader]