Incisive Nifty Trend Analysis

[prada]

Jet airways- CMP- 357

Technically looks set for a crash landing to 287, the longer it stays below 373.

 

[prada]

Please carry over light positions going into the news heavy weekend. Monday morning can be dramatic, either way.

 

[timepass]

Please carry over light positions going into the news heavy weekend. Monday morning can be dramatic, either way.

There is a short trading session tomorrow, Saturday.

 

[trdstudent]

Please carry over light positions going into the news heavy weekend. Monday morning can be dramatic, either way.

Good to see a pure TA thrd :thumb: . So monday v can see some drama
I thought today nifty will plug the 5220 gap created on 6th August , but....
Down side should be 5148 and then may be 5050 . Up side as long as 5340 holds v can't see any new high .
What do u think ?

 

[a1b1trader]

There is a short trading session tomorrow, Saturday.

Tomorrow also???,
but Zerodha informed for 8th and not for 1st.

 

[gsn57iaf]

Dear Prada, I have one doubt about analyst oftentimes saying that chart of 'XYZ' is very weak. Please educate what does it mean in technical terms. Thanks.

 

[prada]

I am of the same opinion too. We should see a retest of 5030 soon.

Good to see a pure TA thrd :thumb: . So monday v can see some drama
I thought today nifty will plug the 5220 gap created on 6th August , but....
Down side should be 5148 and then may be 5050 . Up side as long as 5340 holds v can't see any new high .
What do u think ?

 

[prada]

Hi HS. It would be difficult for me to sort out your queries individually as I lack time. You can post your queries here and i will try my best to answer them as much as possible.

Dear PraDa Sir,
I am regular reader of your thread. And trying to assimilate the lessons hidden in it.
I think my trading journey is actually started from here only.
May I get any contact info for further communication (to learn something from you as student)

HS

 

[prada]

Structure/Pattern of the chart is studied over a given time frame and out of experience, an analyst can figure out if the stock is weak or strong. Best indicator is the trendline.

Dear Prada, I have one doubt about analyst oftentimes saying that chart of 'XYZ' is very weak. Please educate what does it mean in technical terms. Thanks.

 

[Reggie]

The most commonly used defination of a weak stock is when it makes lower low and lower high.

Other method is to draw a trendline of the tops, and if it is a downward sloping trendline, it is a weak. Also if a stock trades below 100/200 DMA it is considered weak.

Dear Prada, I have one doubt about analyst oftentimes saying that chart of 'XYZ' is very weak. Please educate what does it mean in technical terms. Thanks.