BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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VENKATPERSONAL, you appear all of a sudden like a cartoon and drop the same message in all the active posts. What do you need and why are you doing this. You have already got an experience where a post containing a chart with some advertisement was removed last week.
Be clear in what you do, please do not advertise for free. As far my knowledge goes, this forum charges very less for ad's by placing your ad's the owner of this site will get some revenue and that will motivate him to give something more better. Please come out of short cut thinking, get to genius levels with real effort.
Everyone has talents, making use of it in the right way will make them reach their life's goal with great satisfaction.
Be clear in what you do, please do not advertise for free. As far my knowledge goes, this forum charges very less for ad's by placing your ad's the owner of this site will get some revenue and that will motivate him to give something more better. Please come out of short cut thinking, get to genius levels with real effort.
Everyone has talents, making use of it in the right way will make them reach their life's goal with great satisfaction.
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Market breaks down
NIFTY cracks down, but well within the broad range. EMA are tight clutching each other, unless there is a big move on the either side, it is unlikely to open out. There are no signals to trade in both systems. Number of trending stocks in the NIFTY component list has gone below 50%, this is a rare occurrence & it clearly prints out the Global economic and financial mess.
Keep off from the markets for the time being, ranged markets are dangerous suckers.
NIFTY cracks down, but well within the broad range. EMA are tight clutching each other, unless there is a big move on the either side, it is unlikely to open out. There are no signals to trade in both systems. Number of trending stocks in the NIFTY component list has gone below 50%, this is a rare occurrence & it clearly prints out the Global economic and financial mess.
Keep off from the markets for the time being, ranged markets are dangerous suckers.
NIFTY hit the bottom today with a strong power, which has also brought the hourly chart into trending mode after holding for a long time. As there is a double bottom with the histogram retracing bullish divergence, there is a likely pullback to the opposite side of the range else a trend continuation.
Further details about the next moves can be finalized once the closing data is provided by the exchanges.
Further details about the next moves can be finalized once the closing data is provided by the exchanges.
Re: Market breaks down
Hi D S Ramesh,
Can u pls comment if nifty is making inverted head and shoulder pattern? if yes, then nifty can go up to 5900.
I am confused abt the time it takes for this pattern to develop. i have attached chart for 6 months. Please comment. I think we need to see other indicators as well to confirm that.
NIFTY cracks down, but well within the broad range. EMA are tight clutching each other, unless there is a big move on the either side, it is unlikely to open out. There are no signals to trade in both systems. Number of trending stocks in the NIFTY component list has gone below 50%, this is a rare occurrence & it clearly prints out the Global economic and financial mess.
Keep off from the markets for the time being, ranged markets are dangerous suckers.
Keep off from the markets for the time being, ranged markets are dangerous suckers.
Can u pls comment if nifty is making inverted head and shoulder pattern? if yes, then nifty can go up to 5900.
I am confused abt the time it takes for this pattern to develop. i have attached chart for 6 months. Please comment. I think we need to see other indicators as well to confirm that.
There seems to be a inverted Head and Shoulders pattern formation coming up on the NIFTY, but the Neck line is quite far away to today's close.
Even in that case your 5900 is a far cry at the moment. Weekly charts have gone flat and Daily too joins it's company. Weekly has a strong bearish divergence on many indicators. There will be a prolonged sideways market with a broad sideways pattern getting developed.
There can be a bull move but that will only be a false break to form another strong bearish divergence on the weekly and add strength to the next bear market on the daily.
Just trade the charts as they unfold, too much predictions will keep the good small trades out of your scanner.
Even in that case your 5900 is a far cry at the moment. Weekly charts have gone flat and Daily too joins it's company. Weekly has a strong bearish divergence on many indicators. There will be a prolonged sideways market with a broad sideways pattern getting developed.
There can be a bull move but that will only be a false break to form another strong bearish divergence on the weekly and add strength to the next bear market on the daily.
Just trade the charts as they unfold, too much predictions will keep the good small trades out of your scanner.
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