Tom de mark sequential monitor for nifty50 stocks

[panakhilesh]

vivek sir ,.. iam just posting a non nifty50 stock NBCC for calculation purpose only..pls tell me if its ok..i am struggling a bit with calculations..just posting to check calculations..not to interrupt your flow of nifty 50 stocks posts...NBCC completed cd13 buy..with intersection

 

[vivektrader]

vivek sir ,.. iam just posting a non nifty50 stock NBCC for calculation purpose only..pls tell me if its ok..i am struggling a bit with calculations..just posting to check calculations..not to interrupt your flow of nifty 50 stocks posts...NBCC completed cd13 buy..with intersection

On the 9th bar setup 2 got completed, CD 13 was expected there, but on the same bar if you calculate the length of setup 2 (8.5), it will come out to be greater than setup 1, recycling the countdown based on setup 1 (8.25).
So effectively we are at CD 2 based on setup 2 (on the right).
Learn to count manually, all scripts have limitations. Even when script says 13, verify it my manual counting taking all qualifiers into account.

Vivek

 

[panakhilesh]

ok...recycling criteria has to be followed..considering the length of the setup..will keep that in mind..thanks a lot..

 

[panakhilesh]

Vivek Sir...
this is a chart of HCLTECH here all the criteria are fulfilling except 13<12<11.. here 13<11 but 12 is bigger inbetween.. how should we see this setup..kindly have a look at the chart and my markings. i have taken into account all the qualifiers..
Intersection complete
Perfection complete
recycling Checked
13<8
only 13<12<11 not matching..

 

[vivektrader]

Looks OK to me.

 

[panakhilesh]

Thanks sirji..this will boost my confidence to count correctly..

 

[andal]

Indiabulls Housing Finance completed buy CD13 with intersection

 

[panakhilesh]

Vivek Sir..
Kindly refer the Chart attached

This is a chart of Kajaria ceramics..
The Setup 1 Length is 68
The setup 2 length is 131.70..
Setup 2>1.. But it has started just after CD Completion.. how should we look this setup.. like is the Setup and CD of setup 1 still valid???
Price is still above risk level..

 

[vivektrader]

Vivek Sir..
Kindly refer the Chart attached

This is a chart of Kajaria ceramics..
The Setup 1 Length is 68
The setup 2 length is 131.70..
Setup 2>1.. But it has started just after CD Completion.. how should we look this setup.. like is the Setup and CD of setup 1 still valid???
Price is still above risk level..

When buy CD13 got completed there was no setup 2 , so that CD13 is final, even though a new setup completed a few days after that.


Vivek

 

[andal]

Ultratech cement completed buy CD13 with intersection