Daily Tryst with Nifty
- Thread starter Sunil
- Start date
Bullish Wedge on 5min Spot. Also a possible WW with tgt 4560-80 levels. Will hv to wait n watch for b/o or b/d on wedge.
(4510-ish also being 20EMA on NFut -- we can maybe see a bounce which in effect would result in Bullish Wedge b/o.)
Sunil Sir
your inputs on the wedge and on the Inside Bar (which I think is now negated).
(4510-ish also being 20EMA on NFut -- we can maybe see a bounce which in effect would result in Bullish Wedge b/o.)
Sunil Sir
your inputs on the wedge and on the Inside Bar (which I think is now negated).
(please avoid 'sir' tag)
As i said, i hav come across this harami bar in 60mi after a long time - i used to see some members trade this in lower TFs of 5min.
After a quick glance through other sources on www about such bars, i feel today's harami bar may not be as per textbook. That is why, I reserved my comments about its implications, and waited for SIR Market to teach us about it.
As of now, 4500 is a psychological support and being tested after some time - ideally should hold up.
In today's intraday chart, we can observe lower Pivot high & lower pivot low.
A TL is also possible joining the lower PHs - intraday trend reversal only when such prev. lower PH is broken along with a formation of a higher pivot low.
BTW, the Inside bar did its normal thing, and achieved its ideal target. The only argument about its validity as a harami bar remains...
As i said, i hav come across this harami bar in 60mi after a long time - i used to see some members trade this in lower TFs of 5min.
After a quick glance through other sources on www about such bars, i feel today's harami bar may not be as per textbook. That is why, I reserved my comments about its implications, and waited for SIR Market to teach us about it.
As of now, 4500 is a psychological support and being tested after some time - ideally should hold up.
In today's intraday chart, we can observe lower Pivot high & lower pivot low.
A TL is also possible joining the lower PHs - intraday trend reversal only when such prev. lower PH is broken along with a formation of a higher pivot low.
BTW, the Inside bar did its normal thing, and achieved its ideal target. The only argument about its validity as a harami bar remains...
Bullish Wedge on 5min Spot. Also a possible WW with tgt 4560-80 levels. Will hv to wait n watch for b/o or b/d on wedge.
(4510-ish also being 20EMA on NFut -- we can maybe see a bounce which in effect would result in Bullish Wedge b/o.)
Sunil Sir your inputs on the wedge and on the Inside Bar (which I think is now negated).
(4510-ish also being 20EMA on NFut -- we can maybe see a bounce which in effect would result in Bullish Wedge b/o.)
Sunil Sir
your inputs on the wedge and on the Inside Bar (which I think is now negated).
wedge needs more confirmation
thanks for reminding about 20SMA (i follow S instead of E ; it's at Fut 4475 / Spot 4470)
Thank you for nice explanation sunil (sir ) , so your positional call means its right time for me to cover my shorts atleast... was thinking abt it since last 1 hour
) , so your positional call means its right time for me to cover my shorts atleast... was thinking abt it since last 1 hour
and i may be wrong...
Shorts still not weak until that TL and the LL LH setup (as described in prev posts) remain.
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