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| Discuss Rally ends and ready for a Crash Land!!! at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Sir Trendline Indication Or Sppt Is 3520 Accor To Attachment . N Now NIFTY Holding ... |
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#51
29th March 2007, 05:18 PM
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Re: Rally ends and ready for a Crash Land!!!
Sir Trendline Indication Or Sppt Is 3520 Accor To Attachment .
N Now NIFTY Holding Very Strong @3770 On Closing Basis . Shall We Consider Dn Side Over N Very Entering In New Bull Phase With Target Of 4360 Or 4550 Or Wat Uasish Say 5000 Wat u Advice N Also Let Us Know time frame for upside target of nifty 4360 or 4550 arvind Last edited by krppijain; 29th March 2007 at 05:26 PM. Reason: Mistake in asking for atthment 
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#52
2nd April 2007, 11:25 AM
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Re: Rally ends and ready for a Crash Land!!!
Hello all,
The last call to go long on nifty (3778 spot) is in good loss bcs of unexpected rbi action. Exit long if nifty closes below 3680 ; so watch today's last half an hour trade carefully. Anyway fresh shorts not advised as nifty poised for a technical pull back. Aroonsankar
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#53
2nd April 2007, 07:24 PM
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Re: Rally ends and ready for a Crash Land!!!
Quote:
hi can i ask my doubt that is . how u know that market may pullback in near future . can u plz explain with help of candle pattern and voll. (when u r saying market may pull back are u considering some indiactors which are in oversold region ) please explain Regards Satya
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#55
3rd April 2007, 10:29 AM
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Re: Rally ends and ready for a Crash Land!!!
hi satya and john,
i have attached the chart. We had two good pull backs from 200day ma in the past, shown in the chart. Thats the only reason y i 'm hesitate to go short now. If nifty closes below 3610 today or tomorrow, one can go short nifty heavily with a target 3210. Else nifty may bounce back to 3750 levels, make a HEAD AND SHOULDER pattern, once again try to test the upper edge of the RISING WEDGE, then fall to 3210. That upper edge should be used to go short. Both options are shown in the chart. Now refer the first chart (jan 2007)- From 3200 leves, a bigger bounce back is expected. If that bounce not sustained, Another bigger fall to 2400 levels. Anyway, no point in discussing it right now- let's wait for 3200 first. Your views are expected Thanks, Aroonsankar
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#57
3rd April 2007, 08:44 PM
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Re: Rally ends and ready for a Crash Land!!!
Quote:
Yr rising wedge looks unlike a classic one .. the upward line is sloping down? Not sure what that means Also an H&S, in yr context, presupposes an exisiting bullish trend in place ... which is missing . See this , specially 'Prior trend' http://stockcharts.com/school/doku.p...nd_shoulders_t Will be interested in your analysis AGILENT
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#58
3rd April 2007, 10:10 PM
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Re: Rally ends and ready for a Crash Land!!!
Quote:
Regards R. S. Iyer
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#59
3rd April 2007, 10:34 PM
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Re: Rally ends and ready for a Crash Land!!!
Guys,
I am really waiting for these levels. All funda atleast suggest we are going to see sensex 30% below where it is today (i.e between 8000-9000 level)...it mat take 1 or 2 yrs..but that's what I feel based on my understanding of micro economic data...also I am waiting for real estate market to crash because of these reason & we can see once again property prices coming down to 2000-2001 level....even if the purchasing power of indians is increasing , inflation & interest rates are increasing at much faster rate & with slow down in US (US economy can not be one way & there are so many factors which are going to bring it down), gap between the two will grow at faster rate....
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#60
4th April 2007, 11:23 AM
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Re: Rally ends and ready for a Crash Land!!!
Hello agilent& iyer, Thanks for ur comments. I agree that the rising wedge doesn't look like a classic one. From my exp., i see the classic wedges (with its upward line also rising) in a bullish market. While in a downtrend market, its difficult to plot a wedge with upward line rising; for convenience, it considers as triangle.The name only differs, not views.
Refer : http://stockstoshop.com/wedges.htm Now HEAD AND SHOULDERS: I said, "nifty may bounce back to 3750 levels, make a HEAD AND SHOULDER pattern, once again try to test the upper edge of the RISING WEDGE, then fall to 3210." Which means that the right shoulder is in making, i believe which can be seen clearly in few days with a slightly rising neckline. A bullish or bearish trend is very relative one. Nifty couldn't break below 200 day ma convincingly yet. So someone gone long on 3550 levels can assume he is in slightly uptrend. I believe no harm in ploting an h&s there. I believe it is the probability of each move that counts and these patterns will really help to measure those probabilities I disagree with iyers tat comment that 'no two points to draw lower trendline', instead i see 3 points. Aroonsankar Last edited by aroonsankar; 4th April 2007 at 11:49 AM.
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