Nifty : Real time discussions...!

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sumeetsj

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Two areas marked in the chart:

1. 50 Week MA, (although the week is not over), 5540-5555 zone is to be watched for resistance

2. Stoch has given a bullish crossover on weekly charts

Nifty Spot 5580 as i write this



Going good so far..
I have gone long, will not be adding to positions today though..
Plan to carry for tomorrow,
placing stops near 5545
 

linkon7

Well-Known Member
I am working on a OBR method and realised that target setting is very difficult with 30 min structure.

One thing i noticed is that structure on 30 min tf doesn't show how strong the boundary walls are. Since multiple touches at a ref lvl on a 30 min time bar will get same weight as a single freak touch of the same level in the same bar.

I did some research on pnf charts and suddenly found a new toy to play with....!
 
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