Analysis of charts - discussion share ur views

[talisman]

hi guys was just looking at some charts and thoug would review some old charts what i ahd posted updating with current positions

Hey Vishal...
long time...good to see you back...
And..went through your entire project..almost...must say, very well made and presented...
Kudos...

Keep flourishing...

 

[talisman]

got repeated...

 

[vishalalluri]

Hey Vishal...
long time...good to see you back...
And..went through your entire project..almost...must say, very well made and presented...
Kudos...

Keep flourishing...

yup talisman
really long i feel as if its been an year but actually not he he

about the project its very beginners level when i look at it now but can be a reference to start for people who kno ZERO .

feel so good to see al your messages :clapping:

 

[Nava]

 

[Nava]

 

[vishalalluri]

hi nava

andhrabank and canbank are showing bullish engulfing and 3/15 crossover upwards with +ve guppy crossovers and rising stochastic

i am not sure if this is a sectorial rise yday as i have not been into markets past few weeks

plz share ur views too on the same 2 stock s

 

[Nava]

andhrabank and canbank are showing bullish engulfing and 3/15 crossover upwards with +ve guppy crossovers and rising stochastic

i am not sure if this is a sectorial rise yday as i have not been into markets past few weeks

plz share ur views too on the same 2 stock s[/QUOTE]

Vishal,

I believe both are forming acceending traingle. I am new and learning TA.
Expect other people to confirm this formation.

 

[vishalalluri]

Vishal,

I believe both are forming acceending traingle. I am new and learning TA.
Expect other people to confirm this formation.

yup they are forming patterns andhrabank break/close over 125 has to be watched

gudnite

 

[saivenkat]

Hello friends
I am posting here the chart of nifty for some clarifications.

Apart from the clarifications that i have asked in the chart, i find that Fib retracement has completed 61.8% and even made a break out at 79.2% level of 5083. Other than this i find that ADX is still looking good. Friends,shall we take that nifty has given a up move, giving weightage to this kind of indicators?

or shall take it as down move, when i look, MACD having -ve divergence, and also i here some friends here, specialized in elliot wave theory saying the 5TH WAVE FORMATION is complete, and reversal is about to start.

In short with the indicators suggesting different things, i would like to ask here, two things. A) What strategy to adopt in these situations?
B) Have i come out with a correct decoding of the chart with the help of the indicators that i used here? Please correct me if i have made mistakes.

Thanks and Regards
Saivenkat

 

[vishalalluri]

Hello friends
, i would like to ask here, two things. A) What strategy to adopt in these situations?
B) Have i come out with a correct decoding of the chart with the help of the indicators that i used here? Please correct me if i have made mistakes.

Thanks and Regards
Saivenkat

hi sai

nifty would be still range bound for some days i belive these small corrections should be a oppurtunity to acculmulate or buy on dips

savant sir has already told earlier that markets are gona go to historical highs and trust me i feel as if his experience makes the markets to move

adx for nifty is not very strong both the +ve and -ve adx are very close to each other and , till we see them diverging apart its difficult to predict where its heading the next days .

NICE observation of charts of nifty yup there is price and volume divergence accumulation distribution is unknown to me so cant comment

as i have not been able to follow up with markets bit sloppy in looking at charts today will surely post my chart from now on