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Trend Now |
opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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Post: #1  Posted: Fri Feb 11, 2011 3:27 pm Post subject: Trend Now |
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| This is the trend now...still bearish. Strong TL on the upside...so market should now actually resume bearishness |
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Juan_Belmonte
White Belt
Joined: 12 Apr 2010
Posts: 6
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| Post: #2 Posted: Fri Feb 11, 2011 3:38 pm Post subject: nifty direction |
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| nifty eod still in downtrend, but I think base in place now for bulls. move above 5400 required for good up move. |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #3 Posted: Fri Feb 11, 2011 3:49 pm Post subject: oops |
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| Sorry forgot the attachment |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #4 Posted: Sat Feb 12, 2011 8:59 am Post subject: Next 3 days |
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| With Mubarak leaving Egypt and oil prices easing, will the nifty move up and complete a cycle to touch the 15 EMA like this ? |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #5 Posted: Sat Feb 12, 2011 9:19 am Post subject: |
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| Please note that the last attahcment (imagine.jpg) is a projection of 14,15,16th feb's daily TF candles using Photoshop. |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #6 Posted: Wed Feb 23, 2011 12:23 am Post subject: |
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| Dear opportunist, It appears to be a trend reversal to the layman in 6 months daily chart of HDIL. How can one confirm a trend reversal |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #7 Posted: Wed Feb 23, 2011 1:43 pm Post subject: Market now 23 feb 11 |
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| The market has entered into a symmetrical triangle with vertex at 2.40 pm....BD/BO likely at that time... I think it will be a BD as bearish tendencies are high |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #8 Posted: Wed Feb 23, 2011 6:03 pm Post subject: BD prediction comes true |
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| The market indeed breaks down a good 20 min before my prediction !! |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #9 Posted: Thu Feb 24, 2011 8:51 am Post subject: Inverse HnS on Nifty |
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| An inverse Head and Shoulder pattern has formed in nifty with neckline at 5532. Keep an watch for a major BO at 5532. |
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