SH's MArket Correction Prediction Strategy

[manojborle]

15 ema was touched on 11th September itself.
On 11th September, 15 EMA was 5340.6 and low was 5335.

So I think according to correction strategy, abhi time hain correction ko

What you guys say ?

 

[smartshahezad]

I am talking about crossing over.. As in for example, 15EMA is at 5450.. The market closes below the EMA at 5430 and next day opens at 5470.. I thought that counts.. Reason being a simple logic.. We consider EMA and prices to be like a rubberband.. As in the prices stretches out but always comes back to the EMA which is the base of the market correction theory.. In the above mentioned example, compared to a rubberband, the prices corrected with a force opening above the EMA(ignoring the EMA price) which for me is a strong bull move.. Now it depends if we are to enter here or not because the best opportunity is at or near the EMA.. Please do correct me if i am wrong.. Cheers...

 

[raj00027]

Hi SH ji,

As per the correction strategy, I think its due for the nifty correction to 15 EMA. Date - 05 Oct.

As on today 15 ema is around 5620-5630.

But today (05th Oct), due to trading technical error, nifty touched all the EMAs (15, 34, 100).
Please clarify should we count on this or to ignore today"s candle and wait for the correction in nifty.

Regards,
Xavier

 

[timepass]

Hi SH ji,

As per the correction strategy, I think its due for the nifty correction to 15 EMA. Date - 05 Oct.

As on today 15 ema is around 5620-5630.

But today (05th Oct), due to trading technical error, nifty touched all the EMAs (15, 34, 100).
Please clarify should we count on this or to ignore today"s candle and wait for the correction in nifty.

Regards,
Xavier

Xavier, you are talking about nifty spot touching the EMAs. The strategy is about nifty futures which have not touched 15ema.

 

[raj00027]

Xavier, you are talking about nifty spot touching the EMAs. The strategy is about nifty futures which have not touched 15ema.

Hi timepass ji,

So far I have been checking only spot prices for trend analysis, thinking it will be parallel to nifty movement.

Please guide me where I can find the charts for futures.

Regards.

 

[timepass]

Hi timepass ji,

So far I have been checking only spot prices for trend analysis, thinking it will be parallel to nifty movement.

Please guide me where I can find the charts for futures.

Regards.

why ?? Your trading platform should have the charts.

Or you can see free EOD charts at www.icharts.in
There may be other sites but I am not aware of them.

 

[raj00027]

why ?? Your trading platform should have the charts.

Or you can see free EOD charts at www.icharts.in
There may be other sites but I am not aware of them.

Hello Ji,

I am using Chartnexus-free version, where I am getting charts for spot prices.
Even in icharts, I guess we get only the spot prices.
or is it available in paid version of icharts.

Regards.

 

[arora.sanchit84]

You get free EOD charts for Futures as well.
The account creation is free of cost.
Once you log in. Just click on Charts (Premium) and search for "Nifty-1m" for nifty futures charts. Similarly for other furture charts as well

Hello Ji,

I am using Chartnexus-free version, where I am getting charts for spot prices.
Even in icharts, I guess we get only the spot prices.
or is it available in paid version of icharts.

Regards.

 

[raj00027]

You get free EOD charts for Futures as well.
The account creation is free of cost.
Once you log in. Just click on Charts (Premium) and search for "Nifty-1m" for nifty futures charts. Similarly for other furture charts as well

Hi Arora Ji,

Thanks for your reply. I got it now.

Regards.

 

[gsing]

hello everybody,
can anyone guide me to find out stocks which has not touched 15 ema for a month.?
34 ema for 3 months
and 100 ema for 6 months.
how to find such stocks to trade according to sh sir's market correction theory ?
i download data of everyday market from i chart.in which different type of ema 's value is provided.