Daily Line Chart
Daily Chart
Hal Hourly Chart
- A bearish day ending in a doji leaving the confusion of direction intact.
- The action since 6th January has formed a triangle adding to the evidence of a confused market.
- Daily oscillators continue to be in a limbo.Macd continues to be in a sell mode.
- Daily emas are all bullishly aligned.
- All emas are in bearish alignment on half hourly charts.The Nifty has closed below the 200 ema.
- Half hourly oscillators are showing minor positive divergences.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
3 comments:
5160- Strong Support... Hedged Longs... hahaha ha..... all fall down!! :)
ha ha ha ha. hedged longs so limited profit/losses but kept us with the trend. This is called positional trading where u keep with the trend and hedge it when trend starts flatering and booking partial profits. btw my longs are still in profit.
@ Chanakya - what is there here for laughing mentioning 5160 Strong support, as all analysts and layman (newbie trader) also knows that its a last red candle..
You didn't c the other charts??? including weekly support level? You can't appreciate the other charts, but laughing at one thing.. funny..
Regards
PS : No hardfeelings... try to be practical before you post something, good blogging is not an easy task
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