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NIFTY - only Charts [TA] |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #16  Posted: Tue Mar 04, 2014 7:46 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | posting amended chart given by Vinay....see the green and orange trendline...and take a call which one is valid......as per TA analysis, very important that long term trendline has to be breached for bear phase [long term], i would take orange one as valid..... |
Nifty took support from green trendline and rising - new chart posted
see how the rise from 6220 changed the picture....its an important day today....see also the channel supports and resistance above 6357 meaning it shal be touched on spot....that is also multi month weekly resistance point..... |
have you missed the -ve div and the fact that "phaltu" A gr shares have started going up? I sold all my longs near the end and bought 6200pe. Nifty will have to remain above 6308 and also go up further strongly to kill the -ve div. Everybody went bullish after 1 pm and hence I decided to get out near EOD. Hope to see at least 100 point fall but wonder from what level. Otherwise, 6050 is likely soon I feel. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #17 Posted: Tue Mar 04, 2014 8:34 pm Post subject: |
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vinay,the negative divergence u are talking about is visible on hcl techs chart?rsi making lower high and stock going higher up.plz confirm.i know this is the wrong thread.plz post ur answer in the relevant thread.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #18 Posted: Tue Mar 04, 2014 11:05 pm Post subject: |
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| vinay28 wrote: | | amitagg wrote: | | amitagg wrote: | | posting amended chart given by Vinay....see the green and orange trendline...and take a call which one is valid......as per TA analysis, very important that long term trendline has to be breached for bear phase [long term], i would take orange one as valid..... |
Nifty took support from green trendline and rising - new chart posted
see how the rise from 6220 changed the picture....its an important day today....see also the channel supports and resistance above 6357 meaning it shal be touched on spot....that is also multi month weekly resistance point..... |
have you missed the -ve div and the fact that "phaltu" A gr shares have started going up? I sold all my longs near the end and bought 6200pe. Nifty will have to remain above 6308 and also go up further strongly to kill the -ve div. Everybody went bullish after 1 pm and hence I decided to get out near EOD. Hope to see at least 100 point fall but wonder from what level. Otherwise, 6050 is likely soon I feel. |
Vinay ...6000 is Prabhudas Lilladhar view...may not be accurate....anyways i dont mind since market will tell if bearish by breaking smaller swing lows ... i have seen at "Spectaculars Swing Trade" system is "very good and for me the best" and i would not go against it.... |
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