Nifty: Daily Price Analysis

[rajputz]

If you have a harem of 40 women, you never get to know any of them very well.

rajputz
leave 40 you would forget ur name as well:rofl::rofl::rofl::rofl:

Praveen bhai, main to 4 mein ulajh jata hoo...waise this was regarding the stocks...we need to know the movement of stocks we study and know it well. the author of the quote is warren buffet...

 

[rrmhatre72]

Hope the below image helps in getting the example...

Thanks Raj,

Which is this software?

 

[rajputz]

No software...its taken from net a long time ago...That time i was studying divergence...

 

[laxsri]

Rajputz,

Great stuff of understanding and learning for me. Thank you very very much.

 

[laxsri]

Hi Rajputz,

I just got this chart from one of the trading platforms for EUR / USD. Should I categorize this as HLLL? And should one keep his long positions active.

Please note the redline in the Price and Stoch windows.
Link: http://img200.imageshack.us/img200/5287/eurusdh.png

Please advise.

 

[rajputz]

Hi Rajputz,

I just got this chart from one of the trading platforms for EUR / USD. Should I categorize this as HLLL? And should one keep his long positions active.
Please advise.

Its no where HL LL. where did price made Higher low. Let some body else answer to ur querry.

 

[rajputz]

Sorry for off topic discussion in the thread raunak sir.

 

[AW10]

Hi Rajputz,

I just got this chart from one of the trading platforms for EUR / USD. Should I categorize this as HLLL? And should one keep his long positions active.

Please note the redline in the Price and Stoch windows.
Link: http://img200.imageshack.us/img200/5287/eurusdh.png

Please advise.

laxsri, I think you are pushing yourself too hard to look for divergence.
First step is to mark high low points in the chart (also called pivot points/swing points).. on price window as well as on oscillator window.
Next is to see thier sequencing with immediately prev point.. You shd not jump across intermdiate swing points.
And then try to map one of those 4 divergence scenario.

Just because u can connect two points and draw a line and it shows divergence doesn't mean that yr interpretation is correct.

If you really want to finetune yr technical analysis skill then start reading chart as if you are reading Urdu.. i.e. go from right edge to left edge..and keep marking the PH/PLs etc..

What price did 20 bars ago has is less important then what it did 5 bars ago.

Hope this helps..

Suggestion - If you want to discuss it further then, lets move Rajput's chart and your doubts in another thread that is dedicated to TA / stochastics/oscillator/ divergence etc.. and leave this thread uncluttered.

Happy Trading

 

[rajputz]

Suggestion - If you want to discuss it further then, lets move Rajput's chart and your doubts in another thread that is dedicated to TA / stochastics/oscillator/ divergence etc.. and leave this thread uncluttered.

Exactly AW sir,

Lets leave the topic here, and Raunak Sir, please continue with the nifty analysis thread.

 

[laxsri]

Thanks for the clarification. I am sorry being a novice and eagerness to learn is bringing in these posts from me. If there are further questions (am sure will have ), will discuss in a separate thread.

Rajptuz,

Thanks again for your inputs.