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

[aniket_tyagi]

deleted....

 

[deven_c]

as i told yesterday that nifty is making descending triangle with support being at 5762.85 and today nifty has touched it on closing basis, tomorrow if nifty breaches this support then it will act as a good resistance, ADX on the other hand is indicating that nifty is headed to a down trend, although it has not confirmed it yet but if the nifty goes down, the ADX is likely to go above 20 then nifty will be in strong downtrend. I m learning technical analysis, so please tell me that is my approach right or wrong

 

[veluri1967]

as i told yesterday that nifty is making descending triangle with support being at 5762.85 and today nifty has touched it on closing basis, tomorrow if nifty breaches this support then it will act as a good resistance, ADX on the other hand is indicating that nifty is headed to a down trend, although it has not confirmed it yet but if the nifty goes down, the ADX is likely to go above 20 then nifty will be in strong downtrend. I m learning technical analysis, so please tell me that is my approach right or wrong

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.

 

[SwingKing]

Preethi21,

Please abide by forum rules.

You can write anything you want related to the thread & forum.

But any personal attack against any member is uncalled for.

Please keep this wonderful thread relevant.

Tc

 

[kindman]

Hai Babukraman and friends ,,

jesselivermore had made lots of millions (100) from stock market,,,
but what attracted me is he lost all his earnings through trading it self ,, and got suicide ,,

jesselivermore himself tells the reason behind his failure is" VIOLATING MONEYMANAGEMENT RULEZ "
He lost 90% of his money on a single trade on cotton adding more more position to a losing trade
(single trade is enlough to blow all ur earnings )

Dont ever violate moneymanagement rules ,,,
because one trade is waiting for all of us which will test our patience and it will force us to make mistake in moneymanagement and blow up all our earning,,,,,

A Single mistake,,, and game finish ,,
tc

:thumb::thumb::thumb:

 

[preethi21]

Friends,, what i am going to say is fully based on my experience and strong indicator support,,,

next 10 days are going to be so bad for bulls,, market crash is ahead just within 2 weeks

You can take my words as a joke,,,
"better initiate fresh short in nifty/stocks for 15 days horizon"
Buy JINDLSTEL 700 jan put @ 10 rs lot size is 500 total cost 5000 rs
trade is very risk less

I had given strong signal,,,,

I had some amazing trades in this crash,, positions are not closed ,,

contract notes will be pasted after Jan 2011 expiry ,,,

 

[krushi123]

I had given strong signal,,,,

I had some amazing trades in this crash,, positions are not closed ,,

contract notes will be pasted after Jan 2011 expiry ,,,

Request you to offer a bit more pointers. Can we still get in? Will we have a dead cat bounce, where we can join the party?

Having given a teaser, we request you to reveal a bit more.. to take action!

Thanks a lot

 

[prst]

I had given strong signal,,,,

I had some amazing trades in this crash,, positions are not closed ,,

contract notes will be pasted after Jan 2011 expiry ,,,

how do u think the next 2 weeks will pan out?
any hopes of recovery?

 

[aniket_tyagi]

Hi Guys,

Below is a weird chart of HINDALCO.

226-210-197-<190 ???

EW looks perfect. I started from July when it was consolidating* for 2 weeks. 8 consecutive days, same range daily, on daily chart.

I should not be saying comments and criticism invited. I am an infant. So, thappad bhi chalega.
:clap::clap::clap::clap:

Followup...
Just got Weirder.. We now have got A-B, again with 61.8 retracement.
We are heading to 220, 212 as per the chart.
(Taken daily as it's not visible on weekly, previous chart was also made on daily, posted on weekly just for the clarity of the point)

 

[preethi21]

Request you to offer a bit more pointers. Can we still get in? Will we have a dead cat bounce, where we can join the party?

Having given a teaser, we request you to reveal a bit more.. to take action!

Thanks a lot

My dear why so hurry to buy??
we will get perfect buy,,,, dont be in hurry,,,

wait untill market stabilize ,,,,,