Regarding chartnexus, Nifty index and stocks looks okay. But other indexes have stopped updating after 4-Dec-2013.
gudmorning master and all frnds
BNF 11220 and AxisBank Fut 1273 : Good Resistances since yesterday afternoon. BNF touched that 2 times yesterday and once today. Yesterday, One in morning then another in afternoon.
Master,wud be an apt assessment to make that ysday's Bear Flag is Invalidated if NS does > ysdays Swing Hi @ 6197 ?
Double top at 6196 on 5 minute frame ? (from 6158 low)
@ Prithvi Raulji,In BN, it is marked with a ST bias +ve. How far it will take it up, I would n't know as I don't monitor it "intra".If there is any change in larger T/F bearishness, it will get updated in EOD posts.
GM sir nd friends yes chartnexus is giving problem it's showing application error for me. Alternative here -http://chartink.com/stocks/charts.php?name=acchttp://nseguide.com/charts.php?symbol=NIFTYicharts.in(OR) be like me "i am not using any charts" only the "nos" :D :)be careful who's trading nifty and crude at a time..both are almost the same :)hv a good day
@ shriram,Bear Flag could be redrawn and 6208, approx would be the resistance and above it, it starts to lose its relevance.
6197 to be next good resistance ? on 30 min t/f the high from yesterday's 9:30 at 6197 has been tried twice since - yesterday at 230 candle and today at opening hr....adding 10 pts to that 6208 level near JNSAR would be early sign of reversal (On conservative basis)?
Also 6208 critical as indicated by Master !
@ shriram,There are times the "Bear flag would conceal a leading diagonal" and that is how it fails occasionally.
Master,mm... ok, one more angle for your eval.Is the rise from 6151 looking an Exp. Trig , all arms doin ZZs within ?
Dear Ilango sir,In 5 mins chart, does the chart pattern from yesterday's 0930hrs to today's 1030 hrs qualify as an ascending triangle with break out point at 6197 ?Raghavendra
@ shriram,Yes. from 5 min chart.
6185-86 zone showing it relevance as a support today???????????/
Master,In that case, if suspect Exp.trig.. how to work out tgts for "e"Does "e" always meet the Upper TL of the trig. or Undershoot / Overshoot is seen ?a 6151 6175 24 b 6175 6152 -23 -95.8%c 6152 6197 45 187.5%d 6197 6158 -39 -86.7%e 6158 6220 62 138.2% ** in play ? (will be meeting the TL joining 6175-6197 ruffly here)
7-8 point range since 10...
or can we consider the "e" done @ 6196 today as an Undershoot, if NS u-turns & trades < Swing lo @ 6158 ??
Good Morning Master & Blogmates...Do we have a "Fast Fall" setup in 30 mins & Hourly charts ???
6177 6173 ... is 50%-61.8% retrace of the last rise from …… 6158 to 6196 80% is - 6166 If strength to return again, it should be around 6177 6173 Weakness gets confirmed Below 6173 OR 6166
If bullish & if LD done from 6151 to 6197, the correction for the same could move all the way down to 6158-62 also.
ok sir, tks.
Presently, the 50% of last rise, 6177, has offered support. If "6177" breaks next support @ 6158-66.
Sir ILango ji in pre market you have mentioned OS Day & Hr ., i am unable to understand this , kindly update sir thnx
Waiting For JNSAR to trigger
@ Master,At which level 6130 confirmed as a Wave -2 of Bigger Wave-3 and this is must wave-3??above 6415 or 6241??
siris it a fast rise setup developing in 5 day charts b/w 50 and 200ema??????
JNSar Trigger LongJai Ho
New Post Done.