View previous topic :: View next topic |
Author |
Nifty View |
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #4456 Posted: Mon Aug 06, 2012 2:58 pm Post subject: |
|
|
Now, we've ALMOST covered the gap created on 12th July..... |
|
Back to top |
|
|
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #4457 Posted: Mon Aug 06, 2012 6:53 pm Post subject: |
|
|
psalm wrote: | Now, we've ALMOST covered the gap created on 12th July..... |
but also created a new with a gap up opening |
|
Back to top |
|
|
saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
|
Post: #4458 Posted: Mon Aug 06, 2012 7:37 pm Post subject: |
|
|
apka wrote: | psalm wrote: | Now, we've ALMOST covered the gap created on 12th July..... |
but also created a new with a gap up opening |
But that gap is on the lower side and it will give a sell opportunity.
Further an Inverted H&S pattern is on the verge of completion. Also nifty seems forming side by side H&S,. I think the formation will be clear in this week. |
|
Back to top |
|
|
bharatpatel White Belt
Joined: 26 Oct 2011 Posts: 401
|
Post: #4459 Posted: Mon Aug 06, 2012 7:56 pm Post subject: hi |
|
|
Dear Friends,
once again nifty entered my area before a week that was 5075 and 5046, given close below 5046.45 and then opened gap up next day and low was 5077.5 only 30 points stop loss and today's high 5293.20 that is more than 200 points of profit.
happy trading with tried and tested plus result oriented method.
regards,
bharat |
|
Back to top |
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #4460 Posted: Mon Aug 06, 2012 8:26 pm Post subject: |
|
|
saumya12 wrote: | apka wrote: | psalm wrote: | Now, we've ALMOST covered the gap created on 12th July..... |
but also created a new with a gap up opening |
But that gap is on the lower side and it will give a sell opportunity.
Further an Inverted H&S pattern is on the verge of completion. Also nifty seems forming side by side H&S,. I think the formation will be clear in this week. |
inverse hns counting from which date to which, please? weekly or daily charts? |
|
Back to top |
|
|
saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
|
Post: #4461 Posted: Mon Aug 06, 2012 8:56 pm Post subject: |
|
|
apka wrote: | saumya12 wrote: | apka wrote: | psalm wrote: | Now, we've ALMOST covered the gap created on 12th July..... |
but also created a new with a gap up opening |
But that gap is on the lower side and it will give a sell opportunity.
Further an Inverted H&S pattern is on the verge of completion. Also nifty seems forming side by side H&S,. I think the formation will be clear in this week. |
inverse hns counting from which date to which, please? weekly or daily charts? |
Inverse H&S from 10.7.12 on daily charts (from nifty 5342)
and a 50% completion of H&S on daily charts from 26.7.12 (nifty 5032)
Moreover if we take a longer time period then on daily charts we are on the completion of H&S (almost 85% completed only down leg remains) starting from 18.5.12 (nifty 4792). |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #4462 Posted: Tue Aug 07, 2012 10:21 am Post subject: |
|
|
The gap that was created on 12th June has been covered completely today....Let's see where we're going from here....BULLs and BEARs should be a bit cautious from here onwards, I feel....one stock I look at for some leads, L&T is also below the key level 1423 (high made as of now is around 1419)....Having said that, the market is not looking weak.....but I still believe that initiating LONG position is a bit dangerous....there is nothing wrong in holding the LONGs which were carried....but initiating fresh LONGs looks dangerous to me....Current rate is around 5309.
NOTE: I normally hesitate to post my views, if it is against the trend on a particular day. But I am posting this slightly bearish view, as one or two persons here have asked me to post my views, even if it is against the trend of a particular day....Please discard this view, if you're bullish about the market.
Regards,
SAM |
|
Back to top |
|
|
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
|
Post: #4463 Posted: Tue Aug 07, 2012 10:35 am Post subject: |
|
|
12th june or july? |
|
Back to top |
|
|
anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
|
Post: #4464 Posted: Tue Aug 07, 2012 10:37 am Post subject: |
|
|
anand1234 wrote: | hi........sam
do not think so much dwn from this lavel.......any dwn may b the buying opportunity.......... as per my obsevation we r going towars 5300 lavel............let c..........wt u think??
thx
anand |
h.........sam
I posted this thread on 1/8/12...........tgt hit on 7/8/12..........ENJOY..
thx
anand |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #4465 Posted: Tue Aug 07, 2012 10:39 am Post subject: |
|
|
vinay28 wrote: | 12th june or july? |
Sorry, 12th July.....typo... |
|
Back to top |
|
|
sachin79 White Belt
Joined: 07 May 2011 Posts: 55
|
Post: #4466 Posted: Tue Aug 07, 2012 11:01 am Post subject: |
|
|
another 100-150pts..as per 2011 mirror image theory..thn a sudden crash to 4900-4950 lvls..in aug series itself |
|
Back to top |
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #4467 Posted: Tue Aug 07, 2012 11:14 am Post subject: |
|
|
saumya12 wrote: | Inverse H&S from 10.7.12 on daily charts (from nifty 5342)
and a 50% completion of H&S on daily charts from 26.7.12 (nifty 5032)
Moreover if we take a longer time period then on daily charts we are on the completion of H&S (almost 85% completed only down leg remains) starting from 18.5.12 (nifty 4792). |
thank you saumya for the effort. But i think is not an Inverse H&S. It is just a dip and immediate bounce. There is no head in it.
H&S there is head but no second shoulder.. |
|
Back to top |
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #4468 Posted: Tue Aug 07, 2012 11:16 am Post subject: |
|
|
Expecting 5430-5450 to come.
Friday SBIN result and IIP data, sab log hoshiyar. Jaagte raho. |
|
Back to top |
|
|
saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
|
Post: #4469 Posted: Tue Aug 07, 2012 11:20 am Post subject: |
|
|
apka wrote: | saumya12 wrote: | Inverse H&S from 10.7.12 on daily charts (from nifty 5342)
and a 50% completion of H&S on daily charts from 26.7.12 (nifty 5032)
Moreover if we take a longer time period then on daily charts we are on the completion of H&S (almost 85% completed only down leg remains) starting from 18.5.12 (nifty 4792). |
thank you saumya for the effort. But i think is not an Inverse H&S. It is just a dip and immediate bounce. There is no head in it.
H&S there is head but no second shoulder.. |
Yes, I already said that H&S is not completed yet, the second shoulder is just under formation. Who knows!! |
|
Back to top |
|
|
sachin79 White Belt
Joined: 07 May 2011 Posts: 55
|
Post: #4470 Posted: Tue Aug 07, 2012 1:08 pm Post subject: |
|
|
next 2% in almost all mkts wil face stiff resistance..so watch out for 5450.. |
|
Back to top |
|
|
|