Nifty Entry ,Exit ,Target levels with Median Line Charts

[4xpipcounter]

No doubt. It's going to be fierce. That's why I'm not convinced we have made it to the peak yet. Th reason for the low range of late is that the market is in a period of indecision

Paul

Yes..there is a 123 formation in both 5 min and 60 min if recent high is not violated...
Price is still oscillating between supports and resistances and it makes me wonder when it decides to move in the direction it chooses to , it's going to be rather fierce
If 4800 is held,then still room for upmove.If 4780 breaks down , I would go with the greater fall probability.

 

[anjanbm]

Dear Kavima,
What level on upper side can we see today.
regards,
anjanbm

 

[Kavima]

Festive Season marks the start of prosperity.


Wishing all friends
A VERY HAPPY PONGAL
MAKAR SANKRANTHI
LOHIRI ​

 

[rishikesh_m]

hi Kavima

Happy pongal/ makar sankranti/lohri.

Sorry to hijack thread but can you when books/authors one should be following to do a thorough study of Pitchfork technique.

Some of the names and would like to know what you think of them -

Timothy Morge
Ron Jaenisch
Mircea Dologa
Mikula (i feel that book was more like an introduction,personally)
Gordon DeRoos
Greg Fisher

Which books or courses would you recommend ?

thanks in advance.

 

[Kavima]

13.01.2011 Friday

60 min EOD Chart

Price did finally break out of the resistance at 4880 to reach 4900 zone and closed positive for the day.
The zone is in an indecision zone if we go by PF analysis.

Positive view-
Price above 50 SMA inside ascending main PF. ..still in uptrend
Broken out of the temp PF so the upmove may continue. within the new channel created.
4800 zone is the support level for the upmove.

Negative view -
It's touched the trigger line and yet to cross it with momentum.
Reached 61.8% R of previous major swing.Still in resistance zone.
Looking at stoch indicator (35,3,3 ) , there is a probable divergence which indicates a top being formed...

The finale should unfold with monday's action.

Reduced 30 % of my shorts and balance hedged with calls,so will be taking a call on monday.

have a nice weekend..

 

[Kavima]

hi Kavima

Happy pongal/ makar sankranti/lohri.

Sorry to hijack thread but can you when books/authors one should be following to do a thorough study of Pitchfork technique.

Some of the names and would like to know what you think of them -

Timothy Morge
Ron Jaenisch
Mircea Dologa
Mikula (i feel that book was more like an introduction,personally)
Gordon DeRoos
Greg Fisher

Which books or courses would you recommend ?

thanks in advance.

Just rushing for pongal shopping..Will give my feedback soon...

 

[4xpipcounter]

Kavima, if you will pardon me from being an American, I guess that is a good thing, so same to you.
I understand it is a holiday in India.

Festive Season marks the start of prosperity.


Wishing all friends
A VERY HAPPY PONGAL
MAKAR SANKRANTHI
LOHIRI ​

 

[timepass]

Kavima, if you will pardon me from being an American, I guess that is a good thing, so same to you.
I understand it is a holiday in India.

I think it's called the winter solstice. The summer solstice occurs on June 21.

 

[4xpipcounter]

Timepass, I'm lost.

Winter solstice is December 21. This is January.
Is that what Pongal means?

I think it's called the winter solstice. The summer solstice occurs on June 21.

 

[Kavima]

Hi Paul,TP
Thks for yr wishes.
It's a festival to thank nature for it's bounty it showers on us throughout the year.celebrated as a farmer's festival .just for interest http://www.pongalfestival.org/what-is-pongal.html ,just chk out this link...