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...
10 comments:
Ilango.. I am unable to download the Just Nifty TA file. The link leads to contact the owner via email. However I receive error while sending the mail.
Please advice if there is any way to download the excel file.
Regards
Sahil
master please if time permits remove these spam messages....
@Master,
Do you have any example of failed Bearish Engulfing pattern on larger timeframe?
Nilesh ji - i forgot but one time got hurt becoz it was bearish engulfing but shoot up...another time "i applied eye drops" watched carefully and escaped :) but that time real downside if time permits will try to check out the charts (chart nexus) and will post unexpected work..bit busy but "very much with market" :)
anyway thanks to JN family who didn't allow nifty to move up :) it didn't cross my budget high..check the candle u will get another importantance
master always says look into the fresh signals.and also the external factors like dow,ftse,dax,cac,hangseng,etc can not be ignored.
@Nilesh Patil,
Bearish Engulfing pattern, if you are referring to what happened on Budget day, then it is not applicable on the Nifty at all.
A Bearish Engulf has to happen in the supply zone, i.e. at the top of a up swing.
The Budget day candle here is in fact in the demand zone and not at all in the supply zone. Plus the candles after that are hinting at probable accumulation if not capitulation.
Namaste Ilango Sir & Blogmates,
Bullish: Bulls are on a song with the much needed follow-up coming through. Bears seems to be losing out, or maybe waiting for the opportune moment to strike hard, but time is running out...: Option Analysis for 06-03-2013
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Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Sujatha Sis,
Thank you very much for your valuable view.
High return Low risk probabilities trade set up of Tech-Table :
Buy trigger of Maximum Profit.....
EOD " C " > 5.DEMA "C", > 5WEMA "L"
5819 > 5776 , > 5762
SLO :(5795 Previous Day Low) or as per risk appetite.
Watch 5970-80 Tripple Top in Daily may be Resistance.
Bank Nifty of Stock Wealth :
EOD C 11876 > 5DEMAC 11771
Look for 5DEMAC C/O 5WEMAL
5WEMAL= 11794 For another trade.
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