Nifty Futures Trading Part 2 (Positional)

[Czar]

Two thoughts:

-ve:

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broken like the last triangle...

+ve:

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Testing long term TL, since we broke down & then broke up, testing the TL remains on Weekly & as I had posted last week 4000 should be tested for survival...

 

[orderflow13]

Two thoughts:

-ve:
broken like the last triangle...

+ve:
Testing long term TL, since we broke down & then broke up, testing the TL remains on Weekly & as I had posted last week 4000 should be tested for survival...

udayan mukharjee in making
m jut joking ,..... eh u r right seem 4000 will test sooner than later,as u said it will be rude to say good bye

 

[Czar]

Well the guy is worth more than 900 crs as per last year estimated rumours... a dream for many

ya 4K it is then

But remember we are seeing Weekly daily charts & should not panic in hourly cause of them... hourly is reaching oversold grounds

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[orderflow13]

market needs a time base consolidation ?

 

[Czar]

Agreed though could you explain what you showed in the charts in words Alex ?

Also By today I see half the Indian traders are aware of the H&S, lol

 

[dumdum20008]

But remember we are seeing Weekly daily charts & should not panic in hourly cause of them... hourly is reaching oversold grounds

yes , we are in oversold state on hourly
and most probably may not see sub 4200 levels in hurry

 

[dumdum20008]

market needs a time base consolidation ?

hi laxya, which free trial charting soft u used in this?

 

[orderflow13]

hi laxya, which free trial charting soft u used in this?

incrediblecharts... laymen like me in s/w can only handle such kind of sw,
p.s.my frnd did something n nifty chart appeared,it is compatible for bse by default

 

[orderflow13]

Agreed though could you explain what you showed in the charts in words Alex ?

Also By today I see half the Indian traders are aware of the H&S, lol

adx as a indicter of trend,its rising means we in strong trend,that trend wd be bullish or bearish,now adx is comparatively falling on 3 year chart, as the bearish trend is subsides. But other indicators still on sell signal, and fib is around 3860, it seems like we wont make any new high or low in coming months and we may consolidate. as i rounded on macd, historically lines stretched too much,that shows the extreme sentiments,after such excitements always follow a calm weather. thats why i feel like we need time wise consolidation. its my view n here r lot of assumptions and hypothesis. thats why i didnt add it on chart.

 

[dumdum20008]

incrediblecharts... laymen like me in s/w can only handle such kind of sw,
p.s.my frnd did something n nifty chart appeared,it is compatible for bse by default

thanx, but your previous posted charts dont throw possibilty of u being layman