Ichimoku Kinko Hyo trading system...!

[Piratetrader]

Linkon Sir, Paul Sir and other Ichimoku followers would like your views on this Monthly Chart of Nifty:

Regards

Woh aditya bhai You can use the monthly to take ideas in a confluence along with other time frames but trading with it ? Monthly there is a weak crossover and it is struck below the T/K and it is saiyng the pair might be headed to 4420(future Span-B) further to 4000 but can you hold that long? !! if you look at the daily chart bro the Span - A is holding tight If it holds then we are heading to the monthly kinjun/ bottom of the weekly cloud, but as the weekly momentum is highly overbought it looks like the pair might be headed to the weekly tenken-sen or you can say the daily kinjun at 5050 first before resuming north to the Span-B of the weekly cloud and then we can get a reversal from there explosive south move also the monthly kinjun is at 5440 you might wanna keep an eye on that also for a reversal signature

 

[adityasaraf007]

We have got 2 confluence as of now which indicate the Long Term direction of Nifty as South.... Can someone make this confluence stronger or bring some contradictory views....

 

[adityasaraf007]

Woh aditya bhai You can use the monthly to take ideas in a confluence along with other time frames but trading with it ? Monthly there is a weak crossover and it is struck below the T/K and it is saiyng the pair might be headed to 4420(future Span-B) further to 4000 but can you hold that long? !! if you look at the daily chart bro the Span - A is holding tight If it holds then we are heading to the monthly kinjun/ bottom of the weekly cloud, but as the weekly momentum is highly overbought it looks like the pair might be headed to the weekly tenken-sen or you can say the daily kinjun at 5050 first before resuming north to the Span-B of the weekly cloud and then we can get a reversal from there explosive south move also the monthly kinjun is at 5440 you might wanna keep an eye on that also for a reversal signature

You mean the direction should be 5050 to 5440 to 4420.... Am I right?

Somewhere in the forum I found that SGX Nifty was trading around 5050 today..... It made a low of 5022 and closed at 5153... So, your target of 5050 seems to be achieved.....

 

[Piratetrader]

You mean the direction should be 5050 to 5440 to 4420.... Am I right?

Somewhere in the forum I found that SGX Nifty was trading around 5080 today.....

"5050" The charts says the directing should be that way "IF" the DAILY SPAN -A gets toasted ! If you look at it in simple way if the span -A gets toasted you have a good shorting oppurtunity targetting for the daily kinjun !

 

[adityasaraf007]

5050 was achieved today in SGX Nifty and it closed above 5150..... So, 5440 is your target now and then both of us take the Nifty to 4400-4300

 

[timepass]

In that case..... 4300 is leading 2-Nil.... Linkon Sir, Paul Sir, Timepass, Vjay ji, others... your views

I am not much of a chartist, but what the heck, it's sunday today. So, let me put my view using the few things that TT shows :

Now, Nifty has pierced the lower BB three months in succession and there is a good chance of it moving up slightly from there. But the 20MA (5504) is turning red so it may be the containment zone. Anyway a lot of candles have spent their time in the upper BB zone so this month's candle too may continue in the lower zone.

Oscillators : RSI is still trending downwards so long term downtrend seems to be a given. On the other hand, the stochastics have given a positive crossover, and a positive divergence is also seen. So, I guess we are in for a month or two of defiant uppishness before the downtrend resumes.

All bets are off outside 5100-5500 range.

Saifu, where did you see overbought on the weekly ??

PS : If we don't go above 5399 i.e. October high, then we may have a solid bearish harami candle this month

 

[Piratetrader]

5050 was achieved today in SGX Nifty and it closed above 5150..... So, 5440 is your target now and then both of us take the Nifty to 4400-4300

Bhai what are you saying ? nifty is at 5221 !! Bro I think You are looking at """"SGX Nifty """ and I am talking about the NSE nifty! please disregards my previous post bhai !

 

[Piratetrader]

I am not much of a chartist, but what the heck, it's sunday today. So, let me put my view using the few things that TT shows :

Now, Nifty has pierced the lower BB three months in succession and there is a good chance of it moving up slightly from there. But the 20MA (5504) is turning red so it may be the containment zone. Anyway a lot of candles have spent their time in the upper BB zone so this month's candle too may continue in the lower zone.

Oscillators : RSI is still trending downwards so long term downtrend seems to be a given. On the other hand, the stochastics have given a positive crossover, and a positive divergence is also seen. So, I guess we are in for a month or two of defiant uppishness before the downtrend resumes.

All bets are off outside 5100-5500 range.

Saifu, where did you see overbought on the weekly ??

PS : If we don't go above 5399 i.e. October high, then we may have a solid bearish harami candle this month

Here is it time paas bhai "overbought"

 

[adityasaraf007]

@timepass

What I can make out from your post is that.... you are favouring Nifty to move till 5500 and then it should begin its downward journey till 4400-4300.....

If this is what you are conveying, then Nifty Long Term 4400 leads the pack 4-Nil


@Saif

I am talking about our own Nifty.... As today was a holiday, I saw the quotes of SGX Nifty... Nifty traded on Singapore Exchange

 

[timepass]

SGX nifty did as low as 5022 today, and bounced back > 100 points. But there seems to be some hanky panky with Dec futures on SGX. Take a look.