Nifty Entry ,Exit ,Target levels with Median Line Charts

[Kavima]

Price has reached the current PF median line and moving up:thumb:
Will wait for reversal signal to book first lot....

 

[LivetoTrade]

Kavima,

While using Ichimoku as an indicator, the levels of S and R, the cloud, the Kijun, the Tenkan, all change constantly depending on price action.

While using MA, the same happens.

Trendlines too indicate similarly.

Is Pitchfork value Dynamic or Static?

If yes, then has your upper resistance dropped from 488x/491x levels to 484x levels yet?

 

[Kavima]

hi LTT

MEdian Lines / Pitchfork is a channel where the extreme end are supports and resistance levels.These are derived from the immediate important pivots / swings, so in a way they are also dynamic and follow price action.We can have a larger pitchfork and smaller pitchforks within it to estimate the smaller swing movements.The price may not reach the exact resistance and support levels , and when it does not we look out for a reversal towards the previous trend to continue.Reversal signals which I look out for are reversal bar / candlebar formations / WRB at median lines, LMLH,UMLH, at important fib retracements , horizontal support / resistance lines / sloping up / down trendlines.Basically looking at the left side of the chart to get some clues where price can reverse.

 

[Kavima]

Posting 5 min intraday chart ...

Price gapped up and moved beyond the ML a nd the horizontal resistance levels from previous swing top highs.
4840 seems to be the resistance for today ..

[/URL] Uploaded with ImageShack.us[/IMG]

Planning to close my first lot with TSL for balance lots and leave for office...

 

[Khushijain]

Hi Kavima

thanks for sharing your views with other members.

 

[Kavima]

10.01.2012
5 MIN CHARTS

Yesterday's EOD 5 min chart

Today's EOD 5 min chart

Price has reached the resistance at the downsloping trendline from previous major swing tops.So slight slowing down of momentum probable for a few hours /day and a sideways move before the final surge....

60 Min Chart

Price gapped and moved past resistance towards 4800 zone and did not pause throughout the day till it reached 4850 levels. I just love these trend days...( Of course when i have entered the position already!!) :thumb:

 

[darshanshukla]

Great Kavima,
Nice entry and exit technique by you since last few posts,
I think your fan follower list is increasing...:clap:
and you deserve it actually for your work and dedication as you are daily posting @ thread.:thumb:
Keep on posting for traderkind,
Happy trading ahead,
Darshan

 

[trade4joisar]

50 SMA is @ 4889

 

[Kavima]

price attempting a pullback.Expect support at 4820 zone
Posting a 5 min chart for a possible intraday short trade..
price moving away from ML and Double top at today's high Price. I have entered a Short at 4868 NF for target NS 4830-4820 zone

[/URL] Uploaded with ImageShack.us[/IMG]

 

[anjanbm]

Dear Kavima,
What level can we expect upside for nifty future today.
Regards,
anjanbm