Swing Delivery Trading

[rajputz]

Agreed! But range is getting narrower. Let see what happens tommorow. Nifty sits on 5550. I think the supply at resistances is being absorbed, may be wrong. But Nifty EOD says it may continue moving up from 5550...my interpretation, of course.

Doomsday kahin Bloomsday mein na badal jaaye!

I may be biased. But i see it going down in coming days. Its nifty dude. It needs to make some high before sliding, and thats what its doing. Its breathing. Let it breathe and it will show some good move.

 

[EagleOne]

Yeah. But mind you, from here till 5687 the coast is almost clear for almost 100 points upward. Suitable for mark-up the way it happened after 24th march.

We definitely need another A. Raja or Kalmadi to fulfill the dream!

 

[rajputz]

Yeah. But mind you, from here till 5687 the coast is almost clear for almost 100 points upward. Suitable for mark-up the way it happened after 24th march.

We definitely need another A. Raja or Kalmadi to fulfill the dream!

Everything is planned. I have seen market going up on bad news, and going down on good news also. Its all money that matters.

 

[rajputz]

hope the following image on Half Hourly chart helps us some way. Huge resistance and selling coming in every day. Triple Top Reversal Kindda thing.

 

[SavantGarde]

Hi Rajput,

You failed to detect that your 15 MA has crossed over the 45 MA.....
Next time... watch the Chart more carefully....

SG

hope the following image on Half Hourly chart helps us some way. Huge resistance and selling coming in every day. Triple Top Reversal Kindda thing.

 

[rajputz]

Hi Rajput,

You failed to detect that your 15 MA has crossed over the 45 MA.....
Next time... watch the Chart more carefully....

SG

Hi Savant Sir,

I dont look for action of MA. If you take a closer look then u will find that this is the default chart that is loaded in amibroker. I was doing some tweaks and posted the chart the same way as it appeared. As i wanted to show tripple top on 30 Min Chart. The MA, BB on it doesnt fancy me.

So they are of no relevance to me here. I just wanted to post 30 minute chart of nifty.

 

[SavantGarde]

So .... What does the Triple Top mean...It just means that it found resistance at that area several times......

I am sure.... If you attempt to break down a door... at your age by hitting it several times.... and give up....... somebody...elderly could break it down in a single.... attempt.... while all the hardwork was done by You...

Therefore look for Chinks.... and weakness

SG

Hi Savant Sir,

I dont look for action of MA. If you take a closer look then u will find that this is the default chart that is loaded in amibroker. I was doing some tweaks and posted the chart the same way as it appeared. As i wanted to show tripple top on 30 Min Chart. The MA, BB on it doesnt fancy me.

So they are of no relevance to me here. I just wanted to post 30 minute chart of nifty.

 

[AW10]

hope the following image on Half Hourly chart helps us some way. Huge resistance and selling coming in every day. Triple Top Reversal Kindda thing.

We see what we want to see on the chart.. and I see
- inverse Head and shoulder
- higher lows
- flat level at top but it has been touched 3 times.. so might have been weaken by now
- downtrend with no retracement, so might be a time for atleast some pullback

and certainly I won't call it triple top but just a flat level with triple touch.
(top has to come after a bullish trend, and we had bearish trend leading to this flat level).

I won't be surprised if it gets broken and we see this going up to 5700 level before next down leg. That is my reading, and if I am wrong then my stop is below 5450 level will protect me.

happy trading

 

[rajputz]

So .... What does the Triple Top mean...It just means that it found resistance at that area several times......

I am sure.... If you attempt to break down a door... at your age by hitting it several times.... and give up....... somebody...elderly could break it down in a single.... attempt.... while all the hardwork was done by You...

Therefore look for Chinks.... and weakness

SG

We see what we want to see on the chart.. and I see
- inverse Head and shoulder
- higher lows
- flat level at top but it has been touched 3 times.. so might have been weaken by now
- downtrend with no retracement, so might be a time for atleast some pullback

and certainly I won't call it triple top but just a flat level with triple touch.
(top has to after a bullish trend, and we had bearish trend leading to this flat level).

I won't be surprised if it gets broken and we see this going up to 5700 level before next down leg. That is my reading, and if I am wrong then my stop is below 5450 level will protect me.

happy trading

Very true Savant Sir and AW sir,

I think little biasness was there. Finished now. Will have to look from different angle now.

 

[rrmhatre72]

Thanks AW10,

Too good reading of chart... really eye opener.... never thought of all these points...
Request you to keep on posting simmilar charts reading regularly....

We see what we want to see on the chart.. and I see
- inverse Head and shoulder
- higher lows
- flat level at top but it has been touched 3 times.. so might have been weaken by now
- downtrend with no retracement, so might be a time for atleast some pullback

and certainly I won't call it triple top but just a flat level with triple touch.
(top has to after a bullish trend, and we had bearish trend leading to this flat level).

I won't be surprised if it gets broken and we see this going up to 5700 level before next down leg. That is my reading, and if I am wrong then my stop is below 5450 level will protect me.

happy trading