iCharts Discussions

[vinst]

Hi,

First post is on daily Timeframe. Sensex should reach the black curve unless drastic changes take place.

The Cyan line is sensex closing prices. Dark blue box is projected from short term moves and Pink is projected from longer term moves. Both on daily TF.
This projection does not say anything about path sensex may take in coming days to reach projections shown. Projection valid till sensex closes below 17145.

regards,

[vinst]

My updates here will not be to feed excitement since I am using end-of-day data and projections do not (generally) change everyday.

thanks for patience !
vin

[hbanerji]

very interesting! please post regularly and keep this thread alive

[vinst]

Update on daily TF closing prices in Cyan:

Shorter term projection has turned down (dark blue).
Longer term projection stays up (colour changed to brown).

[vinst]

[vinay28]

vinst, what does the latest graph show?

[vinst]

[vinay28]

thanks vinst

[vinst]

sensex EOD price projection: longer term (brown) has also turned downwards.

[vinay28]

good one vinst. Can you make a similar one for nifty? 4856 looks more probable now than a month ago

[vinst]

Sensex EOD : both projections have flipped up as shown in picture.

Since analysis is done after the day is over, to get some idea of trading with this, we'll take opening price of next day.
In present case, opening price of 2nd-April should be taken (for reference, closing of 30-March was 17404).

[vinst]

sensex up projections still continue (about a month now).
upper limit time projection for short term is nearly getting over and so we see that price (cyan) is coming close to end of dark blue box. could flip down any time.

[stevenmat]

cnice...can u make a similar one for nifty ? with end of the month targets?

[vinst]

[vinst]

Projections have turned down at the end of friday but could not post.
downward projections are as given in an ealier post
dated 29 Mar 2012 09:40 .

regards,