Wednesday, June 4, 2014

Nifty pausing near the consolidating channel top..


10 comments:

Rahul said...

Does anyone has view on SAIL. RSI shows clear -ve divergence. Valuations are very expensive. P/E about 16 whereas industry standard it close to 8. Has risen more than 10% in last 2 sessions closing above 100 whereas 95 call shoes huge open interest.

Please comment.

intraday trader said...

SIR 1 QUESTION ,
IF 5119 TO 6141 IS (1) 5700 (2) 6343 (3.1) 5933 (3.2) & 7563 (3.3) THEN 3.4 WILL COME at what level for above count

intraday trader said...

SIR IF 5933 TO 6872 WAS 3RD SUBWAVE 3RD MINOR AND 6638 (3.4) AND 7563 IS 3.5 THEN 4TH WILL COME 6700?

Raghavendra said...

Today was a NR7 day. Expand range expansion in next 2 days.
A large % of previous NR7 (sample size of 15 ) follow up days have expanded to DOWN.
Monitor prices for this phenomenon over the next 2 days.

Pattern Trading said...

#Andhrabank & #unionbank has given breakout from long term downtrending resistance line ...

deepak pinto said...

Range bound day at resistance.
Profit booking is a logical conclusion.
But still no give way of support.
Tomorrow must be decider for
0- b tl break upside
Or else triangle staring down

Pattern Trading said...

Good evening master and all blog mates

Nifty chart update : Click here

shriram said...

@ Rahul: Sail had 3 pattern Tgts T1:100 (done) , and T2: 115 , T3: 150

Trail with an MA or find a lower T/f corrective (wave form) to "TIME" long entry

Anandha said...

Ilango sir, Hourly & Daily looks over bought. Line chart connecting daily closing prices have -ve divergence with trend indicator, RSI. However J10Sar is above JNSAR. What do you see the possibility here.

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