Daily Tryst with Nifty

[MurAtt]

HnS - on 3 min, NL 4060, head high of day -- anyone....

 

[WOD]

Bear flag formation in nifty on 60 min ..may be a 70 point dip from 4060 i.e 3990.....lets see.....

anyone with me?

 

[Sunil]

4100 - 4055; an obvious rectangle since yesterday

 

[Sunil]

HnS - on 3 min, NL 4060, head high of day -- anyone....

now, more of a descending triangle.... if yesterday's HOD is brought into pic...

will have to look at peak of every new triangle formed, for negation

 

[MurAtt]

Also a HnS worth 60-80 pts -- just a crude HnS on a cursory glance at the yahoo 5 min chart -- have not yet checked perfectly, but see y'day and today chart on 5 min and u get the drift .... NL 4070, confirmation 4060

Even y'day on 3 mins we had this, basically today it bounced from the NL but this is on 5 min and looks much more like a HnS ...

Will attache graph later .. Busy now ....

 

[WOD]

4100 - 4055; an obvious rectangle since yesterday

Which TF are you referring to.......is it 60 min...

 

[WOD]

Also a HnS worth 60-80 pts -- just a crude HnS on a cursory glance at the yahoo 5 min chart -- have not yet checked perfectly, but see y'day and today chart on 5 min and u get the drift .... NL 4070, confirmation 4060

Even y'day on 3 mins we had this, basically today it bounced from the NL but this is on 5 min and looks much more like a HnS ...

Will attache graph later .. Busy now ....

Murtuza, did you observed that double top formation on 5 min from 10 to 11 PM......

Was skeptical if it is a valid "M" so did not post my observation, still very much skeptical....what you say? what we now seeing might be the effect of same..

 

[Sunil]

Which TF are you referring to.......is it 60 min...

my next post abt Desc triangle would be more appropriate

5min chart patterns tend to be more reliable than 1min ones



BTW, will have to take care abt nifty level x000 - the last time "teen mindi" came on screen was on 1-Apr in form of 3000.
Thanks to elections, 4000 has never come on screen...

 

[WOD]

my next post abt Desc triangle would be more appropriate

5min chart patterns tend to be more reliable than 1min ones



BTW, will have to take care abt nifty level x000 - the last time "teen mindi" came on screen was on 1-Apr in form of 3000.
Thanks to elections, 4000 has never come on screen...

Yup, 5 min chart are very very realiable (kind of becoming god for me nowdays).....

 

[MurAtt]

@WOD -- No idea abt M or W formations, will have to check those out.

Flagpole formation - 5 min, another 30 pts downmove coming if not negated ...

P.S. : This and earlier post based on NSpot and not on NFut.