iCharts Discussions

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

yes bears in full control till price dosent cross 5360.. more to it can take a note of WOP and Monthly Open Tomm to continue with shorts..

kps · White Belt Joined: 19 Feb 2010 Posts: 6

kps · White Belt Joined: 19 Feb 2010 Posts: 6

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

Its open price of NF.. for this week ND open price was 5240 and monthly open price on 1st of july was 5270...

hbanerji · White Belt Joined: 16 Apr 2009 Posts: 31

jimmie,

thanks for your post, but what's the trading strategy looking like? if monthly is above/below daily, what calls can we make, or what stop-losses/targets should one use?

appreciate an answer

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

NIFTY PROJECTIONS

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

NIFTY MIRRORED

The Mirror pattern on Nifty that started on Nifty in march 2009 has finally achieved its target....

Point No.1 is the Mirror Bottoms made by Nifty.
Point No.1 to Point No. 2 is the mirror image of the fall of 2008.
Point No.2 is HnS formation that was Mirrored.
Point No. 3 is the Higher Low formed mirror image of Lower Low during fall.
Point No. 4 is the Lower High formed during fall, mirrored to a Higher High during rise.
Point no.5 is the Higher Low made as against the Lower Low during fall.
Point No. 6 is the Double Top Mirrored ..
Point No. 7 is again the Higher Low made as against the Lower Low during fall.
Point No. 8 is the Higher High made during the fall, mirrored to lower High during Rise.
Point No. 9 is again the Higher Low made as against the Lower Low during fall.
Point No.9 to Point No.10 shows the Mirrored Blasty rise as against the Fall of Jan 2008

MIRROR PATTERN IS A SIMPLE UNSUNG PATTERN that happens in almost all Timeframes and happens Oftenly. I never got to read this pattern anywhere, just by simple observations, i have found it to be working great in Intraday charts also. This was the reason i was bullish for 6000-6200 levels since long. Laughing

Only difference in the fall and rise is.. that Fall is usually faster and Rise takes 1.5 to 2.0 times of the fall.. (time period)

Happy Mirroring........ artist

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

Good Observation

Hats off to jimmie the great

krismaha19 · White Belt Joined: 11 Jun 2009 Posts: 7

great work and this is also a possibility in nifty

krismaha19 · White Belt Joined: 11 Jun 2009 Posts: 7

great work jimmie sir.

KatrinaaDP · White Belt Joined: 11 Sep 2010 Posts: 95

Jimmie sir what a nice setup , keep it up you are great , but from here bullish or bearish....

DH1988 · White Belt Joined: 15 May 2007 Posts: 135

jimmi kabhi wrong nahi hota, AEOM

apoorvai · White Belt Joined: 14 Sep 2010 Posts: 1

But Jimmi , From Here BULL OR BEAR

neemtree · White Belt Joined: 20 Feb 2009 Posts: 43

Open a weekly line chart and daily line chart, it should touch the recent high (dont know if that goes for a smaller correct becoz, i did not draw lines at micro level).

All in all touch the recent high and next experts (jimmie) should say what is the next direction.

Anyways, this is real great jimmie.

jimmie · Expert Joined: 13 Aug 2007 Posts: 357

Apoorvai, KatrinaDP Analysis is different from Actual Trading. By posting this it dosent mean i have actualy traded the full range also.. Laughing

For Nifty from here, keep a watch on Weekly Open and 8 Ema on EOD>. I think a slight retracement to 8 EMA/EOD should be there enxt week and then it would continue its upward journey. Also keep a note of Krismaha's chart..