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

[kaly422000]

http://img823.imageshack.us/i/n49.png/ nifty future testing 200 dma or will breach it

 

[saivenkat]

And You mean Kaly, that another 50 point or so if wiped off, then nifty will fall like a thud.. and if it happens then 5521 may be next halt.

 

[DanPickUp]

http://img823.imageshack.us/i/n49.png/ nifty future testing 200 dma or will breach it

Paint the right pitch fork on your picture and you have your next level, in case your trend line not holds. Just some ideas from the mountains.

 

[aniket_tyagi]

Paint the right pitch fork on your picture and you have your next level, in case your trend line not holds. Just some ideas from the mountains.

Hi Dan,

Do you mean this?

 

[kaly422000]

200 dma is a point ,if any scrip or index go much apart from 20o dma either side tends to test that point as i know as one of the nature of 200 dma as far my knowledge. what it behave testing 200 dma( if test) , the nature of testing may indicate what next. expert pls coment. next level i cant predict.

 

[DanPickUp]

Hi Dan,

Do you mean this?

Hi aniket

Hope you are well. What you show is the way down.:thumb: I would adjust it a little bit. If the middle line not holds, it could go down fast.

On the other hand, paint it up and get a second view and then let the market prove on Monday, where he wants to go. This analysis is very simple and can give good ideas about market directions.

DanPickUp

 

[aniket_tyagi]

Dan,

I am fine.

What adjustment are to be made? I have made APF for the first time.

For the upward direction, I have not made, as Red trend line has been TAKEN.

 

[DanPickUp]

Draw it exactly on the tops of the pivot points and not in to the bars or candle. You draw it in the bar on the second swing high.

Red line has been taken. So what ? Do not get this personal. Was it taken last week ? and we may are already under the middle up line on this side ? You then only have to paint the lines up and you will get a new cross point with the middle line down the underline up.

Remember, this are just some information's on how to look at charts and no recommendations, to take any action on it. If you do so, it is on your own risk and responsibility. By the way, this is just one idea and if you really want to read charts on a mathematical approach, you would need more education on that. Just giving one simple useful example here.

All the best from the mountains

DanPickUp

 

[aniket_tyagi]

Nothing is personal.

Remember, this are just some information's on how to look at charts and no recommendations, to take any action on it.

Only thing I am interested in.

What makes you think that I am interested in stock tips?
:lol::lol:

 

[DanPickUp]

Nothing is personal.



Only thing I am interested in.

What makes you think that I am interested in stock tips?
:lol::lol:

This is again one of the situations, where a kid tries to get information on PMs and then tries to show of in the forum.

Little boy, stay away from my PM and first learn before showing off any thing.

Kid : In different countries are different laws.

Example : If I post about trading in the states, I need an official paper to do so, when I give advises to trade on that ant that level. If you have this paper, you even have to tell the people about any risk they take, when ever taking any action on my thoughts in a post.

Get it boy ? And nothing personal by the way, just knowledge witch you kid not have !!

DanPickUp