Half Hourly Chart
Daily Chart
- Black candle making a higher low higher high.
- Resisted at the 50% retracement level of fall from 4951 levels.
- Daily oscillators in the oversold region.and not showing any strength .
Nifty has been in a range of 4675-4827 for last 4 trading sessions. 4827 level has been resisted twice and thus makes it an important level to cross for further upsides. Must trade above 4750 to remain in the rising channel shown on the half hourly charts . So long as it remains in this channel we may expect upsides.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
7 comments:
lakshmi ji, i have been noticing the trend line you draw on half-an-hour charts are giving a clear picture of entry-exit levels... Nice setup regds.
C.D.Moorthy
I second Sweety's opinion...:)
Full heartedly saying the whole analysis is extremely good... thing is "how we understand the charts and commentry" .
Thanks a ton mam.
Regards
PS : Me poor lady... following her blog since long time but made loss of my own thinking.. :( Now turned better.. :)
thanks
expect S&P 500 to march upwards, so does the nifty
MAM, I have one request -- if EVER your blogspace becomes full PLEASE DON'T DELETE ANYTHING. I plan to buy a TERABYTE (external powered) hard drive and copy all this information.
Looks like we lost some valuable information from the forum when the space limit was hit. I was travelling that weekend and by the time I came back lots of data was deleted :(
Actually I meant to say please let me know before deleting.
I am hunting for a TERABYTE hard drive. I just need a few more of my trades to click and I will buy one :)
Girish, am not that tech savvy. so hurry up. cos if it hits a limit i would really have no option.In other words hope u make enuf to buy the hard disk
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