iCharts Discussions

[channasri]

Nifty and bank nifty appear to be making broadening top formation.

Pls note ChannasriSAR for 31-7-2014: 7752
SL for shorts: 7740
SL for longs if trend reverses: 7770

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Broadening top formation showed its effect on Nifty and bank nifty. Nifty is doing a retracement for the rise from 7422 to 7841. Fibonacci levels are 7742 (23.6%), 7682(38.2%), 7632(50%), 7582(61.8%), 7533(73.6%) and 7506(80%). It will have to conquer 7650 to be in bull trend.

Pls note ChannasriSAR for 4-8-2014: 7727
SL for shorts: 7700
SL for longs if trend reverses: 7750

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note ChannasriSAR for 5-8-2014: 7722
SL for shorts: 7704
SL for longs if trend reverses: 7750

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 6-8-2014: 7729
SL for longs: 7729
SL for shorts if trend reverses: 7705

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 8-8-2014: 7700
SL for shorts: 7680
SL for longs if trend reverses: 7720

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 11-8-2014: 7672
SL for shorts: 7655
SL for longs if trend reverses: 7700

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note channasriSAR for 12-8-2014: 7659
SL for shorts: 7642
SL for longs if trend reverses: 7675

Use 5 EMA in 5 min charts and the levels provided here for booking profits and re-entries.

Regards,
channasri

[channasri]

Pls note ChannasriSAR for 13 - 8 - 2014: 7670
SL for longs : 7700
SL for shorts (if trend reverses):7650

Regards,
Channasri

[channasri]

Pls note ChannasriSAR for 14 - 8 - 2014: 7682
SL for longs : 7700
SL for shorts (if trend reverses):7660

Regards,
Channasri

[channasri]

Pls note ChannasriSAR for 18 - 8 - 2014: 7702
SL for longs : 7720
SL for shorts (if trend reverses):7675

Regards,
Channasri

[channasri]

Pls note ChannasriSAR for 19 - 8 - 2014: 7734
SL for longs : 7757
SL for shorts (if trend reverses):7710

Regards,
Channasri

[channasri]

Pls note ChannasriSAR for 20 - 8 - 2014: 7765
SL for longs : 7796
SL for shorts (if trend reverses):7740

Regards,
Channasri

[channasri]

Pls note ChannasriSAR for 21 - 8 - 2014: 7785
SL for longs : 7820
SL for shorts (if trend reverses):7760

Regards,
Channasri

[amitagg]

I have my doubts if anyone is looking or following this system. Pls check with all and post trades for few days OR post on key reversal points

[channasri]

@amitagg: This thread of mine has more than 10,200 views so far. Do one thing. List out the various threads. Divide the total No. of views by total No. of posts. Grade all the threads in descending order. You will get the answer. This thread has an average of 62+ views per post. Let me know how many threads have an average more than this.

If you don't like this thread don't follow it. Chose a thread of your choice or have your own.

@novice traders: I have started this thread to help those innocent new traders to have a trend identifying system. I have provided performance charts in the initial posts. I have also suggested certain trade set ups based on moving averages of different time frames.

Use this thread until you develop your own trading method. Don't get carried away by unnecessary distractions. I have seen amitagg making numerous comments in various threads. Let him set an example by beginning and managing his own thread. If his thread is better than mine, I will also make money by it. Because, a trader should not be egoistic. If he cannot do this he should keep quite atleast.

Pls note ChannasriSAR for 22 - 8 - 2014: 7811
SL for longs : 7842
SL for shorts (if trend reverses):7785

Regards,
Channasri