Friday, December 27, 2013

Nifty Intraday Update-III


18 comments:

Raghavendra said...

Dear Ilango sir,

Can the hourly chart pattern from Dec 11th to till date be considered as a "Cup and handle " pattern. ?

Raghavendra

Ilango said...

@ Raghavendra,

NO. The cup has a double top but the tops here have been 6415 & 6318, quite far from each other.

dharmu mishra said...

respected llango sir
sir i am not able to understand
why the importance to the break of 6311 level is given sir
it is 21%of last rise from 6259 to 6325

umesh karadi said...

80% of (6325-6259)=6311

dharmu mishra said...

repected llango sir
is it because of 5ema at 2pm as 6311

Raghavendra said...

Thanks sir....Got it on the definition on boundaries of the "CUP - brim"

I was also looking at the pattern from "x" wave on the above hourly chart. Is it wrong to look at this way ?

Left side top = 6326 , right side top = 6318
Handle from 6318 to 6259.

Raghavendra

marina s rao said...

@ dharmu mishra

6311 is also Dev. Pivot of 30.12.13

herry said...

dear sir nifty above 6322 so sub wave vof v start..?

Raman Kapoor said...

Dear Sir, I use 14 day RSI to spot overbought and oversold in day. Does it make sense to use 14 hour data and calculate RSI to spot OB and OS in hour?

Raghavendra said...

Dear All,

3 PM close - Developing NR7 day . Higher high above 6329 or a lower low below 6285 will invalidate this pattern.

Raghavendra

Kiran said...

NS and BN , Both had NR7 day today along with few scripts. BHEL, ICICIBank, ONGC, RCOM RELINFRA, TATASTEEL, WIPRO. YESBANK

Kiran said...

23rd and 24th Dec were NR4 day for Nifty.

Muthu Thamizhini said...

Kiran, please tell us what are the implications of NR7 day? what shall we do in these scripts?

Kiran said...

NR7 day is not bullish or bearish indicator. It's range contraction due to bulls and bears fight and both are playing cautiously. Action can be taken a day after NR7 day.

suresh said...

sir ji,
is ns 6311 from h to l 80% or l to h 80% as results will be different

dharmu mishra said...

dear raghvendra
could you pls give me details regarding NR7

Post a Comment