iCharts Discussions

[a1b1trader]

Hi friends

I have opened this thread, to post my observations on NF, BNF and on some selected stocks, may be on intraday or on EOD basis. I may write that I am basically a chart reader or you may say a chart gazer . I do not use any other indicator or any other system for my readings, but I am not averse of using patterns like wolfe waves and some others. And I am also not averse of looking at Ichimoku, the famous Japanese Cloud system

Along with my observations, I will also post some levels, in Mano Ya Na Mano, that may look impossible at present but as per me, will be possible in near future, if NF or BNF crosses some levels in due course of time.

I may add that all levels posted in my posts will be for NIFTY FUT and BANKNIFTY FUT (NF and BNF) and on spot basis for equities. Whenever I will use spot levels for NIFTY and BANKNIFTY, I will specify them, as NS and BN. I will use some abbreviations like C&SA and B&RB, most of the time in my posts, which means crosses and sustains above (C&SA) and breaches and remains below (B&RB). So members may please note it.

I may further add that I may not post stop loss levels for all of my posts as I feel that SL is a relative figure and may be different for different trader, as per their risk management, So members should choose their own SL even if, I have posted some SL levels.

Finally the post posted by me in the thread are my observations only and I may be wrong in my views. My observations are for educational purpose only and in no way an invitation to follow and trade on these basis. So please take care.

I will post my Ichimoku charts and Wolfe Waves charts in this thread only

Thanks

[a1b1trader]

NF Ichimoku Chart 15 min of 25 July

[a1b1trader]

NF Ichimoku Chart 60 min of 25 July

[a1b1trader]

BNF Ichimoku Chart 60 min of 25 July

[a1b1trader]

BNF Ichimoku Chart 15 min of 25 July

[amitagg]

Pls post interpretation also

Eg when which line pierced or price entering cloud that bear triggering or bull maintained

And values at those lines

[amitagg]

[a1b1trader]

[a1b1trader]

MANO YA NA MANO #1

BNF if C&SA 15800 then likely to reach 16900/17000 levels.

Only condition that BNF shall hold 15700 levels

[a1b1trader]

MANO YA NA MANO #2

If NF C&SA 7900 and holds 7860 levels, then likely to reach 8000 and 8200 levels

[a1b1trader]

My Observation for 28.7.14

NF
If holds 7775 and C&SA 7795 then we can see 7820 levels and above 7825 will give 7850

However if B&RB 7750 then 7730 and below that 7705/7700 and if B&RB 7695 then 7665/60 is possible.

Use proper SL

[a1b1trader]

My Observation for 28.7.14

BNF

Holding 15390, if C&SA 15420 then 15500 and above 15520, 15600 is possible

However, if B&RB 15350 then 15310 and below 15300 first 15240 and then 15180 is also possible.

[chiragbvyas]

[a1b1trader]

[a1b1trader]