Archive for June, 2019

11765 would be a critical number in the ST for the continuation of this rally.

Prices have closed above 10Dsma-11762 & 50Dsma-11702. In the current scenario, 2 possibilities exist:- 

  1. Prices have completed the corrective mode after the last rise from 11108-12103 @ 11625. The rally from 11625 seems to be taking a pause @ 11920-930 zone. Watch the retrace of last rise from 11651-911 for weakness & strength clues.
  2. Prices continue to be in a corrective mode after the last rise from 10005 – 12103 with 1st part of fall done @ 11625 & a counter trend rally unfolding after which the 2nd part of the fall would unfold, provided this counter trend rally unfolds in 3 wave and limits itself to 12050-12200.

11765 would be a critical number in the ST for the continuation of this rally.

Nifty: ST direction is “UP” with price closing above “DHEma”and above all “CEmas” Read the rest of this entry »

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Break-out from the flag pattern moving towards 11920-975 if prices hold 11835 or 790.

Prices have closed above 10Dsma-11769 & 50Dsma-11697. In the current scenario, 2 possibilities exist:- 

  1. Prices have completed the corrective mode after the last rise from 11108-12103. The break-out from the flag pattern moving towards 11920-975 if prices hold 11835 or 790.
  2. Prices continue to be in a corrective mode after the last rise from 10005 – 12103 with 1st part of fall done @ 11625 & a counter trend rally unfolding after which the 2nd part of the fall would unfold, provided this counter trend rally unfolds in 3 wave and limits itself to 12050-12200.

11770 would be a critical number in the ST for the continuation of this rally.

Nifty: ST direction is “UP” with price closing above “DHEma”and above all “CEmas” Read the rest of this entry »

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Follow up move after the flag break-out would happen if prices hold 11750 (or 11735)

Prices have closed above 10Dsma-11775 & 50Dsma-11269. In the current scenario, 2 possibilities exist:- 

  1. Prices have completed the corrective mode after the last rise from 11108-12103. The break-out from the flag pattern has happened if prices hold 11750-775.
  2. Prices continue to be in a corrective mode after the last rise from 10005 – 12103 with 1st part of fall done @ 11625 & a counter trend rally unfolding after which the 2nd part of the fall would unfold, provided this counter trend rally unfolds in 3 wave and limits itself to 12050-12200.

11750 would be a critical number in the ST for the continuation of this rally.

Nifty: ST direction is “Sideways” with price closing below all“HEma”and above all “CEma” Read the rest of this entry »

3 Comments

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