yes, today this zone 6750 is tested. since last 2 days hanging man was seen. that may be due to selling being absorbed by new entrants(a guess). today also doji is seen. if you notice this move has started from 5933, higher bottom was formed at 5984 . after that next higher bottom is formed at 6433. since then up move is on....this up move from 5933 is around 40 days old.stocks are moving up in rotation. when i put this chart i had an impression that with year end NAV lifting exercise we may halt somewhere around 6750 zone.till date no reversal is seen. but i feel it is on the cards soon.of course till we see 6433 broken uptrend is intact.
oh..that's good one to note..NF first should break 6735 the hell resistance then 6705 6673 will close the chapter of bulls temporarily..in this kind of OB mkt retail people like me are not interested to hold the long sir ..first 1) no guts 2) wants to protect the capital by part booking at high
tks for ur inputs i feel downside only upto 6644 6549 spot but mkt can't listen to me:)
higher bottom after 6650 also very close to it around 6665...today's fall , on first day of new F N O series was not encouraging....shoert term top made today?
intraday went below 6650 but closed above 6650......still at support zone.. keeping both options open......a bounce again from support and break down with gap down ........
bounce from here can be volatile and lack luster........
decisive break down below 6650 zone....., next strong support area around 6433 , a low made on 14th march,2014..........
scrips are correcting from recent tops........market players might be lightening positions before election results........better lighter positions will make it more stable market post result........
hi pankaj ji - hats off :) yes, actually i stopped out @ 6701 trendline itself i didn't expect this 50++
ReplyDeletecan u post monthly and quarterly charts pls.time permits which is looks like "over loaded"
wishing you a great profitable financial year.
tks n regards
yes, today this zone 6750 is tested. since last 2 days hanging man was seen. that may be due to selling being absorbed by new entrants(a guess). today also doji is seen. if you notice this move has started from 5933, higher bottom was formed at 5984 . after that next higher bottom is formed at 6433. since then up move is on....this up move from 5933 is around 40 days old.stocks are moving up in rotation. when i put this chart i had an impression that with year end NAV lifting exercise we may halt somewhere around 6750 zone.till date no reversal is seen. but i feel it is on the cards soon.of course till we see 6433 broken uptrend is intact.
ReplyDeletethank u very much for your reply.
ReplyDeleteregds
after no of days, today previous day's low is broken....may be a fter 8/9 days
ReplyDeleteoh..that's good one to note..NF first should break 6735 the hell resistance then 6705 6673 will close the chapter of bulls temporarily..in this kind of OB mkt retail people like me are not interested to hold the long sir ..first 1) no guts 2) wants to protect the capital by part booking at high
ReplyDeletetks for ur inputs i feel downside only upto 6644 6549 spot but mkt can't listen to me:)
shhhhh the hell resistance 6735 is sofar low..
ReplyDeletemarket resisted at expected zone.higher bottom formed now at 6650......enjoy bull ride till it is broken decisively.....
ReplyDeleteany fresh views????
ReplyDeletetks
my view is in last answer to you.......
ReplyDeletemarket resisted at expected zone.higher bottom formed now at 6650......enjoy bull ride till it is broken decisively.....
yet 6650 is not broken............
higher bottom after 6650 also very close to it around 6665...today's fall , on first day of new F N O series was not encouraging....shoert term top made today?
ReplyDeletetime will tell.......
intraday went below 6650 but closed above 6650......still at support zone.. keeping both options open......a bounce again from support and break down with gap down ........
ReplyDeletebounce from here can be volatile and lack luster........
decisive break down below 6650 zone....., next strong support area around 6433 , a low made on 14th march,2014..........
scrips are correcting from recent tops........market players might be lightening positions before election results........better lighter positions will make it more stable market post result........
current range can be defined 6640 to 6740........
Deleteshould trade on direction of movement out side this range, long above 6740 and short below 6640 with stop losses of course as per high/lows made......
on crossing 6740 .......nifty on fire.crossed 6800 also........
ReplyDeletenon stop rally......7150
ReplyDelete