Nifty Entry ,Exit ,Target levels with Median Line Charts

[darshanshukla]

As expected all bank stocks crashed and most of them was SBI by more than 5%...
Hats off to Andrews and its theory.

Dear Kavima,
Following thread since beginning and fan of it.
Here i'm posting chart of Bank Nifty Cash and four (4) Major Banks which are having more than 60% weight in Bank Nifty

According to Andrew's primary law all are returning back without touching Median line so they have to form double bottom or new low (either of this), including Bank Nifty itself. While SBIN is coming back after breaking Median line so it will fall more faster than others.....

Just guide me if I'm wrong,
Thanks,
Dr.Darshan

@Chirag I have quoted you as I am using it for stocks more than Index so just an example for you.
Charts as in descending order,
1-Kotak Bank
2-Axis Bank
3-ICICI Bank
4-Bank Nifty

 

[SaravananKS]

Price reached aggressive long entry zone ( refer friday's 5 min chart).Stoploss below recent swing lows.

SL HIT

 

[Kavima]

12.12.2011 MONDAY

There was no opportunity to add to shorts as price did not retrace the fall as expected.Downward momentum has increased towards lower targets at Blue median line at 4640

60 min and 5 min charts below

 

[vinzz]

dear seniors

pls check
nifty future not breaking 4763

has the trend reversed ?
not going towards 4640 ??

 

[Kavima]

13.12.2011 Tuesday

 

[4xpipcounter]

Kavima, I'm no "yes" person, but I'm agreeing with your analysis 100%. I termed this as being an intraday bounce after 4723 (4732 was the actual dip.) was hit. I've got 4893 and 4939 on my charts as R's to look for on containment. Just amazing!

 

[Kavima]

Posting an intraday chart with projections

This is a study with median lines and probabilities of intraday price moves.Trade decisions are / may be based on the current holding positions .
Please treat it as a study and give me your feedback.I may not be monitoring the intraday as held up with office work.

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[LivetoTrade]

Kavima, I'm no "yes" person, but I'm agreeing with your analysis 100%. I termed this as being an intraday bounce after 4723 (4732 was the actual dip.) was hit. I've got 4893 and 4939 on my charts as R's to look for on containment. Just amazing!

Sir, Sorry, not on your back, but please help clarify the above post with this - http://www.traderji.com/derivatives/42863-nifty-50-future-trends-492.html#post619267

Okay, so will this be the reply to my question http://www.traderji.com/derivatives/42863-nifty-50-future-trends-491.html#post619194

 

[Kavima]

@Livetotrade

Saw yr query.4840 was resistance zone 1.If price manages to surpass 4840, then we can move towards 4930 zone is my outlook.
Today it has touched 4840 and closed very close to the recent lows.Let's see how it can turn out tmorrow.
Corrections are always difficult to assess and I'm just seeing the major support and resistance zones in mind where it can breakout or breakdown.

 

[Kavima]

14.12.2011_Wednesday

5 min EOD chart below

Followup of intraday chart

If 4730 zone turns out to be a support and price moves beyond 4800 and crosses 50 sma in 5 min charts, then the pullback continuation can happen.Otherwise below 4840, the downtrend looks to be continuing towards the Median line.

DAILY CHART OUTLOOK