Nifty Futures Trading

[MurAtt]

Nifty Spot
Now H&S in the making in 5 min chart. Neckline 2833.
Correct me if I am wrong.

 

[MurAtt]

Crossing HOD will negate the H&S.
Also seeing RSI div in Spot 5 mins. RSI moving down, market leaning upwards.

 

[MurAtt]

H&S Negated. New HOD on Spot 2862.50

 

[new2sm]

have already mentioned 2855 as R1

Wow from 2803 to 2855 rsi close to overbought ab ayega maaza.

 

[dhavalj]

looks like some sort of expanding triangle in the making in 3 min, from 12.30 pm. don't know much about it though, just read it somewhere that its bearish as far as i recollect. any implications? price targets?

 

[kalwarik]

whats next target? 2880?

 

[MurAtt]

Expanding Triangles are more of continuation pattern as far as I recollect.
Need to ahve confirmation from someone.

 

[learn2trade08]

reliance bearish divergence and it is at strong resistence levels now...
lets see
all the best

 

[coolboy007]

reliance bearish divergence and it is at strong resistence levels now...
lets see
all the best

L2T
I have taken a Put just now in RIL PA1230 keeping in mind Weekly resistance at 1340 levels and overbought conditions. Can you tell me where you saw Bearish divergence after EOD. Is it for Intra only or for Positional trades too.

 

[learn2trade08]

here cb...
all the best,but carefull with puts....

L2T
I have taken a Put just now in RIL PA1230 keeping in mind Weekly resistance at 1340 levels and overbought conditions. Can you tell me where you saw Bearish divergence after EOD. Is it for Intra only or for Positional trades too.