Tuesday, December 18, 2012

Nifty completed (iv)/4 with a break of the trendline and commenced its (v)/5th wave, demonstrating a very useful EW guideline.


12 comments:

Tushar Thete said...

Hello Sir,

Request you to shed some light below levels.

Above 5895, it is 5940-5960-5985
Below 5895, it is 5880-5865-5845

I am not able to understand...

jay shah said...

many many thanks dear sir for the wonderful insights

srinivasan k said...

Ilango sir thanks for ur charts. 5975,6015 is v completd place . Than l go short at place. Pl explain friends

HARISH TAHKKAR said...

Make the Observation of
On plain fno 5 M chart with vol only low 5838 candles:Tail shaped low making vol:8,40,000
L 5838 C 5866.(2)Next to it.vol 1,49,000 L 5843
C 5489.Both tailed shapes shows priece absorption
3rd storng bullish but 4th "MARUBOZU"full shaven
bullish candle.Both swallow all sell off.5th hammer.If low making candles is "MORUBOZU" bearish price can stll go down.

HARISH TAHKKAR said...

Please read vol of (2)Next 1,49,0000.Which is important.

srinivasan k said...

Harish sir where is complet v wave.macd chart are converge.

Parimal said...

CNX IT Index: on daily chart, 50 DMA crossing both 100DMA and 200DMA downwards.

Dinesh Rishi said...

HARISH TAHKKAR

valid observation

if checking any candle the last 50% vol matters :D

5 mint last 2.5 mint

Dinesh Rishi said...

Parimal

IT and BN got inverse relation due to INRUSD

Raghavendra said...

Parimal ji,

TCS and Infosys on Day TF are near/oversold on RSI.

TCS has RSI positive divergence on Day TF while Infosys has RSI positive divergence on HrTF.

Will IT stage a corrective rally now ?

Raghavendra

venkatapathy l said...
This comment has been removed by the author.

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