Just plot 13&8 EMA on daily chart and find out when did the cross over took place This is not the only indicator i fallow there few more too... would take quite long time of mine put everything in
3 Important Technical Indicators i fallow are
1) EMA cross over i change the value according to my requirement
2) Pivot levels for SUP/RES.... values 6months 3months and 1month high low close. i will choose the duration either one from this as per requirement
3)P&F chart gives me insight about possible levels to enter and exit.
To explain all in one go is not possible to me.
So, nifty (spot) has passed the green cloud entirely and now appears to be headed for the red cloud. If it does touch the red could in next 3-4 days, that would be in 4900 area
(in that case I'll shoot all those who advised me to go short).
The market has entered the R zone again. This is that point of indecision and which is why the daily candle is shorter than usual. There is not the same range once it gets into these thickets. There is still room for the market to move pass this area, into the cloud and to the top. The blue TL spotting the top comes from the daily and will provide formidable R if we get that high. Any moves north are still too weak for that area to be broken. Even if we get the move into the cloud, the cluster R at the top contains to herald the move to the mid--4300's.