Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
21 comments:
4975 13ema 30 min tf
5033 34 ema 30 min tf
Nf no discount now ,, same as cash
.
4970-80 makes Wave 4 complete, assuming,
1 = 5170-5110
2 = 5110-5145
3 = 5145-4910 ( more than 1.62 of 1 )
4 = 4910-4970 ( 4970 or 5000 or 5060 )
EW folks, confirm ?
Thx
gd
give me 4980
@ Ashish,
If you have seen the earlier 5-min NF chart, there are two alternative labeling is being done. Accordingly a retracement for the "iii"rd wave may be done.
At which retrace., it will get resisted is left to individual. Look for some TT no.
Micro managing is a tough task. You just have to do it and manage the trade.
NCash has attempted thrice to cross 4965 but failed.
4970/72 is 23.6 % retracement lvl from today's low.
pd
VIX @ 32 (15% up)
@ AshishAg,
Note in the chart, Nifty faced resistance at "4966" before the fall to 4720.
Currently, 4766 is giving it the resistance. Above this...if there is strength, 4985 & 5015.
@ Ta Ra Ra gang
http://www.youtube.com/watch?v=93vB-XL-rCM&feature=related
But I just wanna say "Na Na Na Na Na Re"
http://www.youtube.com/watch?v=utGILuszbMY&feature=related
:))
4966 pe maja aa gaya.
again rimzim start hua.
heading towards 4700.
which is the news that will drive nifty up?
Ans: no till 16/9/11.
pdd
:) :) :)
@Hitendra
RBI is the reason as Septemeber is also a NAV management month quaterly and also hal yearly
PT,
What's ur view for this week?
pd
Dow acid-test
By Colin Twiggs
September 12th, 2011 2:30 a.m. ET (4:30 p.m. AET)
These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.
The Dow is headed for the band of support between 10600 and 10800 — a real acid-test. Support is likely to fail unless we see a substantial increase in volume, indicating buying support. Breach of 10600 would confirm another down-swing with a target of 10000*.
Bye Sir and all blog mates
@Hitendra
Give me your mail id
Dear pc...,
Today it has bounced back above WLEMA so
at present it looks immediate support...is understanding
Abnormal intra addition in NF i.e. almost 30 lac is not
good for Bulls when it is trading below all TT parameters.
PT,
hitendrapatel@torrentpower.com
@pcsmitpra
For INFY, look at Sir's TA file (http://wealthinnifty.blogspot.com/) and also look at Business Line's levels http://www.thehindubusinessline.com/features/investment-world/article2442215.ece
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