Patterns and Technicals

[pkamalesh]

wowwwwwwwwww superb calculations and we made it:clapping::clapping:

Arey bhai..calculation kuch nahi hai...sab automatic hai....:thumb::rofl:

 

[pkamalesh]

The 61.8% Retracement level is 2804(from thr previous peak)..If we manage to keep above this with volumes we might go ahead to 2900-2940..

High of the day 2928..Nearing our target of 2940...:clap:

 

[pkamalesh]

High of the day 2928..Nearing our target of 2940...:clap:

Wow...High of 2950..great retracement...cheerz

 

[pkamalesh]

Yesterday was Good in terms of retracemnt levels...Weve seen that NF is almost nearing its 100 % retracement from previous peak(plzz check the prev chart)....So now taking the previous higher peak from aound 3148 and checking for retracement..The level 2975 will now be the resistance..once crossed there might be a chance of 3060 and then the 3148(for positional)...

 

[Shailu]

can u explain more clear by any chart style or in simple manner if possible.

 

[pkamalesh]

Getting Back to the TL stuff after a while now...On the upper side the resistance for positional trades looks to be around the 3110 mark..On the lower side immediate support of 2905 and a second support at 2788 until which the bulls have an upper hand in my view...

 

[pkamalesh]

can u explain more clear by any chart style or in simple manner if possible.

Sorry shialu...I just saw ur post..somehow missed it..i would surely post some simple possible charts that could be useful to interpret trades..

 

[trillian]

Hi kammy,

5 Min MP chart for Nifty spot

regards,

 

[pkamalesh]

Hey trill..Nice to see u back man..Yeah weekly POC around the 3150 mark..Just check this out..was comparing the Poc levels for the past 3 days...Thought 3050 would be coming soon..Ur views buddy

 

[trillian]

yes kammy 3050 is an Important level which can act as intermediate support for nifty..

Regards,