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NVK SET UP |
simran8998
White Belt
Joined: 19 Mar 2009
Posts: 34
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Post: #76  Posted: Fri Sep 25, 2009 10:59 am Post subject: |
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Hi, natarajmtech
It is not a double top
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natarajmtech
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Joined: 13 Oct 2008
Posts: 61
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| Post: #77 Posted: Fri Sep 25, 2009 11:08 am Post subject: |
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I think now the Nifty is giving an another operttunity to those who missed the bus to go short at the level of 4980.
Regards,
Nataraj
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natarajmtech
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Joined: 13 Oct 2008
Posts: 61
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| Post: #78 Posted: Fri Sep 25, 2009 11:49 am Post subject: |
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| simran8998 wrote: | Hi, natarajmtech
It is not a double top |
yes, it is a higher high , see how the RSI diversion -ve direction from one peak to an another peak
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simran8998
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Joined: 19 Mar 2009
Posts: 34
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| Post: #79 Posted: Fri Sep 25, 2009 11:49 am Post subject: |
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Hi all,
i got one trade acc to NVK. Please check attachment
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63.32 KB |
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2136 Time(s) |
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simran8998
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Joined: 19 Mar 2009
Posts: 34
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| Post: #80 Posted: Fri Sep 25, 2009 12:38 pm Post subject: |
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SL hit
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n11211
White Belt
Joined: 14 Jul 2009
Posts: 9
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| Post: #81 Posted: Fri Sep 25, 2009 12:54 pm Post subject: nvk setup |
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hi all !
See +ve divergence took place on 5 & 10 min chart on NF between 11.55pm & 12.20 pm so i went long acc to this divergence . I couldn't place it here bcoz i still dont know where to copy chart before attaching, plz guide me .
Regards,
Nilesh(n11211)
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n11211
White Belt
Joined: 14 Jul 2009
Posts: 9
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| Post: #82 Posted: Fri Sep 25, 2009 12:55 pm Post subject: nvk setup |
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Hi !
I forgot to mention that +ve div was in stochastic on 5& 10 min NF chart.
Regards,
Nilesh.
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simran8998
White Belt
Joined: 19 Mar 2009
Posts: 34
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| Post: #83 Posted: Fri Sep 25, 2009 1:20 pm Post subject: |
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Another NVK setup
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73.42 KB |
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2093 Time(s) |
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natarajmtech
White Belt
Joined: 13 Oct 2008
Posts: 61
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| Post: #84 Posted: Fri Sep 25, 2009 1:25 pm Post subject: |
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| natarajmtech wrote: | Hi all,
The double top still not formed but it looks an yet another opertunity to go short for a target of 4940 or below...
See attachment for the NVK setup for a shor trade today
Please wait for the second top formation to confirm...and adjust the stop loss accordingly.
Regards,
Nataraj |
Great ...nifty at 4950...hope you guys raised stop loss to 5000 after seeing top of the NVK setup proposed by me at 4989.
I think can continue to hold the nifty for the target of 4940 or below since it already taken the fibonacci retracement of 4954 level also.
Regards,
Nataraj
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n11211
White Belt
Joined: 14 Jul 2009
Posts: 9
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| Post: #85 Posted: Fri Sep 25, 2009 1:31 pm Post subject: nvk setup |
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Hi Simran !
You got it well. I went long @ 4988 & sold @ 5004. But mkt deceived and has fallen before giving any indication for short trade (atleast to me).
Where did u copy this chart to draw trendline before attaching ? Can u tell me how to attach chart of nifty from jchart prem ?
regards,
Nilesh.
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simran8998
White Belt
Joined: 19 Mar 2009
Posts: 34
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| Post: #86 Posted: Fri Sep 25, 2009 1:33 pm Post subject: |
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| natarajmtech wrote: | | natarajmtech wrote: | Hi all,
The double top still not formed but it looks an yet another opertunity to go short for a target of 4940 or below...
See attachment for the NVK setup for a shor trade today
Please wait for the second top formation to confirm...and adjust the stop loss accordingly.
Regards,
Nataraj |
Great ...nifty at 4950...hope you guys raised stop loss to 5000 after seeing top of the NVK setup proposed by me at 4989.
I think can continue to hold the nifty for the target of 4940 or below since it already taken the fibonacci retracement of 4954 level also.
Regards,
Nataraj |
Hi,
You can not consider it as double top or slightly higher high because it high by around 20 points so this is not a NVK setup
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natarajmtech
White Belt
Joined: 13 Oct 2008
Posts: 61
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| Post: #87 Posted: Fri Sep 25, 2009 1:34 pm Post subject: Re: nvk setup |
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| n11211 wrote: | Hi !
I forgot to mention that +ve div was in stochastic on 5& 10 min NF chart.
Regards,
Nilesh. |
Hi Nilesh,
Its very simple, just open up the page of yaho RT chart in Long size (option available in the yahoo RT chart under size: M|L) and
> hit "print scrn" button in your keypad to copy the screenshot of your window
> open the mspaint application and do "ctr+v" or edit->paste option to paste the content
> In mspaint you can find all tools to draw line , circle and type text messages and make use of all to draw the trend line and messages in the chart
> save it in "jpg" format (other formats like gif, jpeg,png is also allowed format for icharts)
> upload your file in the filename filed of the ichart message posting form by browsing your path where you have stored the file (usually save it in desktop)
Hope it helps you.
Regards,
Nataraj
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natarajmtech
White Belt
Joined: 13 Oct 2008
Posts: 61
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| Post: #88 Posted: Fri Sep 25, 2009 1:40 pm Post subject: |
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| simran8998 wrote: | | natarajmtech wrote: | | natarajmtech wrote: | Hi all,
The double top still not formed but it looks an yet another opertunity to go short for a target of 4940 or below...
See attachment for the NVK setup for a shor trade today
Please wait for the second top formation to confirm...and adjust the stop loss accordingly.
Regards,
Nataraj |
Great ...nifty at 4950...hope you guys raised stop loss to 5000 after seeing top of the NVK setup proposed by me at 4989.
I think can continue to hold the nifty for the target of 4940 or below since it already taken the fibonacci retracement of 4954 level also.
Regards,
Nataraj |
Hi,
You can not consider it as double top or slightly higher high because it high by around 20 points so this is not a NVK setup |
Saikat mentioed slight higher high but some where it become to high also so the catch here is the steep fall of RSI as double peak in formation.
So in all possiblity it is fulfilling NVK setup.
And also it is not possible to cluster more than one NVK setup within the NVK setup....as you are doing it here..it is too confuing
Regards,
Nataraj
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simran8998
White Belt
Joined: 19 Mar 2009
Posts: 34
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| Post: #89 Posted: Fri Sep 25, 2009 1:54 pm Post subject: |
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| natarajmtech wrote: | | simran8998 wrote: | | natarajmtech wrote: | | natarajmtech wrote: | Hi all,
The double top still not formed but it looks an yet another opertunity to go short for a target of 4940 or below...
See attachment for the NVK setup for a shor trade today
Please wait for the second top formation to confirm...and adjust the stop loss accordingly.
Regards,
Nataraj |
Great ...nifty at 4950...hope you guys raised stop loss to 5000 after seeing top of the NVK setup proposed by me at 4989.
I think can continue to hold the nifty for the target of 4940 or below since it already taken the fibonacci retracement of 4954 level also.
Regards,
Nataraj |
Hi,
You can not consider it as double top or slightly higher high because it high by around 20 points so this is not a NVK setup |
Saikat mentioed slight higher high but some where it become to high also so the catch here is the steep fall of RSI as double peak in formation.
So in all possiblity it is fulfilling NVK setup.
And also it is not possible to cluster more than one NVK setup within the NVK setup....as you are doing it here..it is too confuing
Regards,
Nataraj |
Then how will you judge which NVK setup is to follow. either long or short because today both setup were build
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natarajmtech
White Belt
Joined: 13 Oct 2008
Posts: 61
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| Post: #90 Posted: Fri Sep 25, 2009 1:57 pm Post subject: |
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| natarajmtech wrote: | | natarajmtech wrote: | Hi all,
The double top still not formed but it looks an yet another opertunity to go short for a target of 4940 or below...
See attachment for the NVK setup for a shor trade today
Please wait for the second top formation to confirm...and adjust the stop loss accordingly.
Regards,
Nataraj |
Great ...nifty at 4950...hope you guys raised stop loss to 5000 after seeing top of the NVK setup proposed by me at 4989.
I think can continue to hold the nifty for the target of 4940 or below since it already taken the fibonacci retracement of 4954 level also.
Regards,
Nataraj |
Nifty touch below 4940, so the mission complete succesfuly....
Saikat you rock...why you are so silent ?
Regards,
Nataraj
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