Tuesday, July 22, 2014

Nifty, holding 7674, trends up with "abc" corrections...


Hemanth said...

Master..can you please explain what is fast rise nd fast fall in simple english..is it crossover of emea's?
Thanks for your time !!

Prabhanshu Raman said...

Thank you sir for your guidance.
Can you pls suggest the settings for lead indicator... 3rd chart..

Yash and Dhan said...

Master May I with your permission.
@ Hemanth : When a short term SMA/EMA is trending above a longer term SMA/EMA but instead of crossing down it turns up to resume its upward journey it is called a fast rise set up.
Here in this case 20 is above 50 it moves towards the 50 SMA and instead of crossing below it resumes upward journey.
I hope you understand now..

Hemanth said...

one more followup question....what does fast rise setup imply?
Is it that bullishess is continuing because short term avg(EMA/SMA) rising from Long term avg?
or we are about to make some quick upmove?

Thanks for your time !!

deepak pinto said...

does the present up move from 7422 which is so well channeled resemble a impulse or a abc x abc x abc configuration

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