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

[Romeo and Elliott]

how will be nifty tomorrow....

Anyones guess is good as anyone elses
but given
SGX Nifty closed 5449.00 ie. down 36.50

Im thinking (even hoping) for a gap down followed by a rise.

5449 is almost a 61.8 % retracement fm the last run up. The run up itself was pretty strong, which looked impulsive, Bs sometimes turn out that way but given the fall after that lacks any amount of force id say its not a C in motion but looks corrective.

But the above is purely speculative. Good question tho.

Watching ACC, BAJAJHIND, ESCORTS for a long, depends on how they open.

 

[dhootankur]

Escorts looks like better for short...just my view...

 

[Romeo and Elliott]

Escorts looks like better for short...just my view...

True, Last three bodies have shown increasing down-force.

I'll in any case not enter 2morro, i need a solid white body forming 2morro and the day after opening above the white days close the day after, then its a long.

Expeciting a reversal on following grounds :
The down-wedge was perfect.
The impulsive rise just after was good.
The re-coil down seems to have a ABC internal structure.
Price hasnt breached the low of the wedge (ie of the first upmove)
Theres a hint of a long term trendline its prolly trying to seek on the down.
Volumes on the last day was very high, happens sometimes on reversals.

i'll just wait out 2morro on this one, a flat top and easy move below the low of yesterday would make me consider a short too.

Lets see.

 

[VJAY]

 

[babukraman]

20110614 Nifty 5days tick chart
Hi all,
I've ventured into writing in Tamil as well. Hope this is fine with the non-Tamil readers.

 

[praveen taneja]

Only chart is not enough on earth everything going against RIL CBI Inquiry cancellation of Well all these things suggesting there is still significant downside left in RIL

 

[Suro]

positive news or negative, RIL does not appear to be going anywhere....SO FAR...but sideways, well within its established range. Attached weekly chart for last 2 years!

 

[praveen taneja]

Jayega bhai Jayega dekhte jao neeche wali support line tod kar kam se kam 10% neeche jayega

 

[manjit sharma]

nice one sir its so good

 

[Romeo and Elliott]

DOW JONES WEEKLY ...

Uptrending wedge ? Heading for a fall ?? (still not broken, so maybe a bounce fm the lower trendline then fall?)