Tuesday, June 10, 2014

Nifty, completing technical intra correction, inches up.


15 comments:

shreya puneeth said...

Correction might happen for another two days... Any updates.

abhinav said...

Its hanging man day, top in place, dont buy in market. tomorrow there will be gap down by at least 30 points

Vikash said...

Today candle is more of a hanging man pattern. Whats your take on this.

POWERTRADE said...

The Trailer is complete today ----- Picture abhi baki hai mare doston ----- Sell on rallies now ! ! !

Raghavendra said...

Hanging man candle needs a follow up else it becomes a pause pattern in a strong trend. Historically this candle has failed in nifty on day time frame many times

Hemanth said...

Dear blogmates..I need small help .
Can you guide me how I can get nifty 30mins candle closing values for atleast last 6 months in a excel..appreciate your time..

shreya puneeth said...

i am looking at correction of atleast 200 pts, then rally upto 8200

deepak pinto said...

Taken in isolation sure semblance to a cross.
But needs follow up And location awkward.
On the other hand
The macd and divergence gone.
Test of support done
Buying came
More upside logical and looks to be with the flow of things

rk apps said...

It looks like retailers are still exiting.. DII figures says so... domestic operators are only hyperactive.

mynac said...

Dear PT,
Welcome back, after so....so....so many days/months or (Y's?) later..
Don't know about Nifty,nevertheless due to your presence here, remember Sholay's famous dialogue.. " Hmm...Ab ayega maza,...bahut din ke bad Gabbar ko koi mila hai... jo itaniSS bat kar sake...Ab ayega maza khel ka... :)All the best..

shriram said...

Some self-motivational words...

One Life, One Aim.. Financial Freedom.. One Path.. Arjun Focus.

Way ahead --> Independent Honest Inquiry into True Nature of Price, Finalizing a Hi-prob, Low RISK SYSTEM & most imp.

Disciplined following of System Rules, again n again n again

Good night !

Immortal said...

5 year long upward breakout and the origination point of the current trend happened after market broke out with a breakaway gap on 07/03/14 with gap up opening at 6414. It reached to its next point after rallying 600 points to create another runaway gap on 13/05/14 gap up opening above 7000 and now has it completed its ultimate target of another 600 points rally near 7600 by forming an exhaustion gap??

Ponder on the above only for analytical interest but for trading stick to your mechanical trading methods...Always remember traders have to make money first and your mechanical methods will ultimately provide you the right signals to act upon....All the best and happy trading!

June 8, 2014 at 5:28 PM

http://tradeinniftyonly.blogspot.in/2014/06/nifty-having-broken-out-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+blogspot/uxfD+(Just+Nifty)

Immortal said...
This comment has been removed by the author.
Immortal said...

In continuation to the above and subsequent price action, next immediate pattern anticipated is Island Reversal .....There is a unfilled gap at 7500 created on 6th June which can be formed by gaping down at the same point to give final shape to the pattern....

Will continue to state ponder on the above for analytical interest and trade with your mechanical methods as ultimately as your methods will signal will the same albeit with a lag resulting in good risk/reward ratio

Those interest to learn more can google and read more on Gap patterns

All the best and happy trading

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