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Nifty Bearish CRAB ? |
amitvjog
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Joined: 21 Mar 2011
Posts: 80
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Post: #1  Posted: Tue Mar 18, 2014 5:01 pm Post subject: Nifty Bearish CRAB ? |
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Is it a valid bearish CRAB pattern on Nifty? looks like....
Pl confirm.. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #2 Posted: Tue Mar 18, 2014 5:57 pm Post subject: Re: Nifty Bearish CRAB ? |
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| amitvjog wrote: | Is it a valid bearish CRAB pattern on Nifty? looks like....
Pl confirm.. |
possible ..has been hearing this....let others comment...but wait for the upside to complete above 6600-6700....then resketch.... |
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amitvjog
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Joined: 21 Mar 2011
Posts: 80
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| Post: #3 Posted: Tue Mar 18, 2014 6:29 pm Post subject: |
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yes , sure Amit
Thanks |
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sureenderkalra
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Joined: 11 Dec 2012
Posts: 174
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| Post: #4 Posted: Tue Mar 18, 2014 6:57 pm Post subject: |
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| Yes, it is a perfect crab candidate when we see 15 min to 2 hrs chart. But after looking eod chart, one comes to know that nifty has made a low of 5620 on 4th March before this crab pattern sits at its 'D' Pivot point so I think it not so convincing as it looks in lower time frame charts. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #5 Posted: Tue Mar 18, 2014 7:04 pm Post subject: |
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| sureenderkalra wrote: | | Yes, it is a perfect crab candidate when we see 15 min to 2 hrs chart. But after looking eod chart, one comes to know that nifty has made a low of 5620 on 4th March before this crab pattern sits at its 'D' Pivot point so I think it not so convincing as it looks in lower time frame charts. |
What were the volumes at 5620 ..an erratic point...why should we not ignore this point altogether for TA.. |
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sureenderkalra
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Joined: 11 Dec 2012
Posts: 174
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| Post: #6 Posted: Tue Mar 18, 2014 7:55 pm Post subject: |
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| I might be wrong Amit. But in my opinion, had nifty not made a low before it touches D point, it could have been sold with some more confidence. Right now it will be a courageous to enter by considering this crab pattern. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #7 Posted: Tue Mar 18, 2014 8:20 pm Post subject: |
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| always confusing and risky to trade when NS and NF charts don't tango! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #8 Posted: Tue Mar 18, 2014 10:51 pm Post subject: |
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| sureenderkalra wrote: | | I might be wrong Amit. But in my opinion, had nifty not made a low before it touches D point, it could have been sold with some more confidence. Right now it will be a courageous to enter by considering this crab pattern. |
I am with you on this...my question was different since I am genuinely not clear about whether off beat points far off from mornal levels at "opening" can be considered for TA... |
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sureenderkalra
White Belt
Joined: 11 Dec 2012
Posts: 174
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| Post: #9 Posted: Thu Mar 20, 2014 9:01 am Post subject: Indusindbk - Bearish Crab |
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Bearish crab of indusindbk
Target 1 is 442 and Target 2 is 428. One may enter after breaking of sliding trend line |
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