Nifty unable to close above 5 high ema (Didn't even touch it..)...momentum is lacking..
Trade cautiously till a convincing up trend materialises above 2860 (Channel break point)..Trade the points with resistances & supports..
Monday, November 24, 2008
Nifty struggles for a reversal..>2750 up., < 2630 down..
Nifty is struggling to close above 5 ema, just managing it..
Nifty unable to close above 5 high ema (Didn't even touch it..)...momentum is lacking..
Trade cautiously till a convincing up trend materialises above 2860 (Channel break point)..Trade the points with resistances & supports..
Nifty unable to close above 5 high ema (Didn't even touch it..)...momentum is lacking..
Trade cautiously till a convincing up trend materialises above 2860 (Channel break point)..Trade the points with resistances & supports..
4 comments:
Hi Ilango, just dropped in to say hi. You have some good "micro" charts here!
ss :)
hello sir
i would like you to see reliance chart as it has gone above the wave 1 of 5th wave. so you may be right and this wave maybe C of 4th.
Hi..Yasharth Nathani..
Yes, I observed in many stocks the 80% retracement to the rise from oct.27 is holding and they are poised for the 4th C up now. Very helpful input.
Though a couple of possibilities exist, technically we are up for the last two days on daily parameters and we will go along that trend till it shows a reversal.(A close below 2690 in daily tomorrow is down..till then up.)
I am posting RIL hourly chart.
All the best.
hello ilango sir how are you?
it is me sterday salem aruvi
s sir my mail id "aruvi.salem@gmail.com"
ema formula and tables imp post article about gaps and trading strategies
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