Tuesday, August 19, 2014

Nifty Intraday Update-III


19 comments:

Ilango said...

@ Raghavendra,

InHS works better than HS. It is useful in calculating targets.

nifty rider said...

BN safe till 15490 breaches..

Prabhanshu Raman said...

yday Shri mentioned abour IHNS in Nifty Daily chart. Somehow I am still not able to identify it. Can someone post its chart pls.

Sonu said...

@Raghavendra Sir,

Today is developing NR7 day so far.

Raghavendra said...

Thank you sir...

With that thought, today is a clean breakout above the neckline projecting a 1000+ rally.
Will monitor the same along with other TA / TT parameters.

Raghavendra said...

@ Sonu - Yes so far.

After a trend - consolidation day.

Raghavendra said...

@ Prabhanshu,

Shriram - i guess posted it in the blog with a screenshot 2/3 days back.

But if we see weekly charts ( Ilango sir's daily TA file ) - a running correction possibility is mentioned. This Nifty running correction has close similarities to BN running correction prior to the election result week.

Prabhanshu Raman said...

Raghavendra ji.

Thanks, I got it.

nifty rider said...

bnf has many supports 15547,15490,15465.and finally 15425

Ilango said...

Flat correction seems to have been completed.

Ilango said...

"as long as 7900 is held...."

Nilesh said...

@ sir,
what about 5d is above 96

Ilango said...

@ Nilesh,

Staying above 80 mark without turning down for more than a day is bullish.. a trending move's additional confirmation..

Nilesh said...

@ sir,
macd look like now to turn -ve

Ilango said...

@ Nilesh,

Hour F.Macd has been down since 11.00AM Close today -mild weakness.

Hour S.Macd is likely to turn down & trigger by 3.30PM - weakness would continue but most likely in a sideways pattern since the "Day remains UP".

Ilango said...

@ Nilesh,

Please do not read "Oscillators/ Indicators' numbers" - they don't mean much. Read them for Overbought or oversold during a sideways market and rely less on them during trending phase except for "divergences". Here, again, during strongly trending phase(as in 3rd wave), these fail.

ramesh said...

This market is not for retail investors better smart people can put the money in FD or buy BONDS and don't invest in this market. Always the retail investor will lose the money in the stock market.

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