My charts (and yours too........)

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Current PCR for nifty is:

0.77(yesterday it was 0.5)
1.6x
1.2x

 

[enygma]

DLF seems setup for a low risk shorting opportunity.
- Trendline
- 20EMA has proven Resistance for sometime now
- Stochs in OB and flipping over

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[Romeo and Elliott]

2morro going to be an overload,
So many of them giving good reversal signs, all positions pulled, will have to 'hunt' on opening 2morro.

- Max is at a triple bottom, but not breached the top of the first rise.
- LICHSGINF at a 61.8%, good play for a tight SL, could head into a InvHnS
- TV-18 looks good too, except the upper trendline, morning would be telling, not excluding the possibility of opening higher and heading under close (will short then, lets see)
- EKC seems to have done 5 waves down and a morning star at the bottom

lots to watch 2morro
Will keep an eye out for reversal gaps and flat bottoms on probables.

Looks like an InvHnS

Max failed the test, apparently, lower TL holding support but no bets.

Nice rise thus far, lets see. could bomb into a Double Top. Got a trailing SL.

 

[kiranjakka]

Romeo and Elliott, what is invhns in lichsg chart? please tell me

 

[Romeo and Elliott]

Romeo and Elliott, what is invhns in lichsg chart? please tell me

http://www.investopedia.com/terms/h/head-shoulders.asp

http://stockcharts.com/help/doku.ph..._analysis:chart_patterns:head_and_shoulders_b

http://www.chartpatterns.com/headandshoulders.htm

Its supposed to be a reversal sign. I dont follow Head and Shoulders or an inverted HnS as such, i follow elliotts.

These are best and successful (and possibly intended to be) on a wave 1-2-3 structure heading upwards on a reversal. However waves A-B-C could also form them but, if identified as an Head and shoulders, these will 'fail'.

As for LICHSGFIN, the larger trend would define it, which is why the recommended entry is at a developing right shoulder, that ways one has enogh margin to exit with a profit in either case.

In this case a fantastic acceleration on the 1 or A, coupled wth a wavy-B leading to a 61.8 retracement was a nice entry.

 

[enygma]

Update on BNF daily chart posted earlier in the week
Broken out of the channel but right at a resistance - the horizontal TL.
With NF also similarly placed on the daily at a key R of 5540, we are in for interesting times - BNF might swing this game either ways ...

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[preethi21]

nice chart....

 

[veluri1967]

Originally Posted by veluri1967 on 10/1/2011
My thoughts are nothing to do with your analysis. These are just my views.

I see a lot trapped at levels of 6200 to 6300 especially when Nifty gapped up depicting an exhaustion gap. When Nifty tries to show its head up, trapped are getting in to get rid of their holdings. Thus each rise of Nifty is beaten up by them. Nifty is unable to absorb this selling pressure at higher levels and drifting down low. Probably Nifty exhibiting a shake out correction to imbibe fear in those trapped. Nifty stabilises once a big shake out takes place, may be a sharp correction up till 5400 could do that. It expected to happen this month so that Nifty will be ready to see new heights by March.

I could be right or wrong. Lets see how the time unfolds Nifty moves.

Nifty at levels of 5400 today. Its not that I am right but the feeling of being with the market makes me happy. Now Nifty should settle down at these levels +/- 200 for sometime before taking a direction.

Conservative investors/traders, should not look at Nifty as long as it hovers between 5180 and 5610. Initial breakouts, if any, out of this range will whipsaw with highest probability. IMO, unless nifty forms convincing narrowed range than mentioned, it looks better if we adhere to range mentioned.

 

[preethi21]

Velluri nice .... good work....

 

[preethi21]

What happend to all?

Imagehacks site stopped free image uploading???

our lots of hard work gone waste......

Friends comeon..... paste ur charts thank you