Tuesday, August 21, 2012

Applied & Objective Technical Analysis - the Basics-II.

Having followed the prices travelling thru' the  Trendlines /  Trend Following  and seeing them break down too, it is time to look at certain other technical studies which help in
understanding the "tiredness/ exhaustion" in the prices with "divergences" besides
their main purpose of "trend Indicator", namely
MACD, the lagging indicator. However, 50% or more of the lag is managed with the use of "Fast Macd". We have shown you here the macd of "Hour Time frame", though the Day/ week/ month are in uptrend.
Correction that unfolds below 5400 should limit itself above 5294, the last pivot low.
FII's have continued their "Buying". But the OI table shows a ST hurdle @ 5400.

38 comments:

San said...

Good Morning Ilango Sir and Friends

Tata Steel and Nifty updates: CLICK HERE

Amol Sharma said...

Good Morning Sir and All Blog mates !

Yash and Dhan said...

Good morning Sir and all dear blog-mates.
Getting Back after a long week-end.
Good to see that DR sir is back in action with a better back.:)

Nilesh Patil said...

Good Morning Master & Friends,

sushil said...

Good morning master and blogmates

sushil said...

Good morning master and blogmates

NITIN KADAM said...

Good Morning All ,

In the graph below, Possible trade setup only mentioned less risky trades.

Aggressive traders can also use higher levels to short if Nifty sustaining below 5373 with OPEN-HIGH Same.

Overall View For Today :-

https://lh4.googleusercontent.com/-Xq1QAD2NhB4/UDL9U33mlyI/AAAAAAAAA_4/LIr1V4jKEIc/s800/21st%2520Aug%25202012.jpg


Happy disciplined trading to all.

Have a nice day!

Waquar said...

Learn and earn, with real time trading and training, what else can any one else ask for, i am really grateful to have come by this wonderful blog of yours ilango ji :-)

Jagan said...

Namaste Ilango Sir And All.

Prabakar said...

Namaste Ilango Sir and JN Family

Arun kumar sharma said...

Llango sir good morning
sir today i m confused about conservative trade.
is it mean that short sell position in nifty to be taken @ 5380 or below 5370 witl sl of 5405. But jnsar in stil upmode ?

SANPOT said...

Good Morning Ilango Sir and Blog mates.

Parimal said...

Namaste Dear Master and all friends
have a nice trading day

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

saravanan k said...

Good morning Ilango Sir & all blogmates.

Rgds
Saravanan

ALBELA HOUSE said...

R/Ilango Sir Namaste n Namaskaar 2 all reader's.

sandeep said...

jai hind master ,dr sir n all

amber said...

SIR ILANGO JI GOOD MORNING

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

NIFTYNINDIA said...

Nifty spot...CAM h3 5382 ...hits...taken short...sl...5398/5402(CAM H4..20 points....depends)

anmpatel said...

@master
at what price EOD can we call than nifty is back in original channel. or at least at 10am close? thanks.

gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

If an egg breaks due to outside force,
Inside life ends...!

If it breaks from inside,
Life begins...!

"Great things always begins from inside...
So try to make your inside Good...!!!

Manish said...

Goodmorning to master and all JN friends

Divergence keeps on increasing on 30 minute chart as Nifty moves up.

Have a Great trading day !!!

Ilango said...

@ anmpatel ,

For the current hour, sustaining above 5396 and the level increases for each hour.

anmpatel said...

ok. master. resisted at channel!!!

Stockathon said...

Good Morning Ilango Sir and Friends...

Prithvi said...

GOOD MORNING FAMILYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

mystocks said...

Good Morning Master& seniors

Stockathon said...

Dear Ilango sir,

Can we take a conservative trade here at 5395 as advised in pre-market? Or is it an aggressive trade?

NIFTYNINDIA said...

Nifty spot....earlier high 5399 resisted well..short safer.....

parminder said...

Master ilango and friends,
Good morning to all
odays low just .10 more than yesterday it was 5368.6 and today 5368.7

chetas said...

@ Prithvi

thats a big familyyyy,

its more like familXYXYXYXYX get it?

NIFTYNINDIA said...

1st hour close above HEMA...odd for short position..but resistance is near so will continue trade...

Prithvi said...

@ALL,

" A GREAT THOUGHT "

Do not expect the circumstances to be always in your favour...

Coz

This world has not been created for u alone.

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