Nifty Entry ,Exit ,Target levels with Median Line Charts Part 2

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Kavima

Well-Known Member
#41
#41
timepass said:
Kavima, there appears to be a negative divergence - Price going up, stoch crossover at lower (but still in OB zone).
Click to expand...
Using stochs as a guide to judge the S/ R levels and suitable entry levels at the OS/OB zone in combination with TL breaks.
Would prefer to see the price moving out of the ascending PF for any weakness in the rally.Even otherwise , it could become a sideways move / minor retracement after reaching 6080-6100 zone when the stochs can turn down below OB levels for some time before moving up again.
 
P

paras_123

Active Member
#46
#46
Hi Kavima,

I am reading your analysis on a daily basis, Interesting and Amazing Technique.
was expecting it to test 93.6 to sell,,, but when it cut 68 in graph at 10.45, it was confirmed of a downfall move

it has to fall to 48 as it was a Intra day support.

Regards,
Paras
 
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