Nifty Entry ,Exit ,Target levels with Median Line Charts

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vikrit

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:):):lol::lol:

I can never be angry with Niftyben! Hey just now chked the charts ...nifty has reached my last Wednesday's chart target of 5320 :)

Abt reversing ,next week is going to be interesting!!


glad, you are back. :)

yeah... many patterns also indicating some up-down, lets see how it will pan out.


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Hi Kavima,

Didn't know you are an Architect by profession.
Even I am an Architect. However I call myself Architect by qualification and not profession.

If you don't mind me asking, how seriously do you practice Architecture?
Just curious!!
As far as I am concerned, initially Architecture was bread and butter and trading was for the additional income to splurge!!
Now its become the other way round.
At a point the income from trading far exceeded the income from Architecture Now I am a more serious trader but I still do a bit of practice to keep up the "Architect" facade:)
 
its looks like hanging man in daily chart. IMO probability of going straight up is less..
Boss, since last one month Nifty has been showing its tongue to the candlestick patterns :)

I am not sure why we are not talking about double top?

I am missing something?
Somewhere in this thread, few days ago, I had mentioned the possibility of a double top with a higher right shoulder..
 

vikrit

Well-Known Member
Boss, since last one month Nifty has been showing its tongue to the candlestick patterns :)

Somewhere in this thread, few days ago, I had mentioned the possibility of a double top with a higher right shoulder..
TP, i didnt say hanging man will guaranteed work out as a reversal. i meant probability is less going straight up (there are two possibilities sketched by kavima).
 
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