Nifty Entry ,Exit ,Target levels with Median Line Charts

[timepass]

Can you explain a bit about how you arrived at the "consolidation" phase ??

Candlestick readers, is it a sort of diamond (in the making) on the hourly ??

 

[Kavima]

Sharpening Your Instincts in E-mini Stock Index Futures Trading

a Webinar Presentation by Tim Morge

Link Posted in Trading with Median lines thread...,.

 

[Kavima]

14.05.2012 Monday

 

[Kavima]

15.05.2012 Tuesday

 

[Kavima]

17.05.2012 Thursday

 

[darshanshukla]

Yes Kavima
you have drown lower line of down trending channel and todays low was exectly over it while breakout occured @ 4876 and target of that is 4972
lets see what your pitch fork brings out new from that.

17.05.2012 Thursday

 

[Kavima]

18.05.2012 Friday

 

[timepass]

OTOH, it could to retest the dashed orange trendline before deciding on further course of action.

 

[Kavima]

@TP
I expect it to hit atleast 4950-4970 before a pull back for a retest ,barring negative global cues over the weekend.......

OTOH market is supreme....

 

[timepass]

NF closed at 4888, spot at 4891. I can see nifty spot going above 4900, but unless we have a gap up, I don't really see any easy 70-80 points upside. Even today was basically coming back to a positive close, rather than upside, and the volumes were average.


OTOH, the market is still oversold. What are your stochs saying ?? You have not been posting stochs with your charts for quite some time now.