|
| Discuss Nifty forming typical Adam and Eve double bottom at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi everyone, Was going through Nifty weekly charts today, it seems to be forming a ... |
|
|||||||
| Register | Blogs | FAQ | Chat Room | Search | Today's Posts | Mark Forums Read |
| Technical Analysis Discussion of all the principles involved in technical analysis. |
|
Welcome to the Traderji.com - Discussion forum for Stocks Commodities & Forex. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please read the FAQ. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
29th April 2008, 08:13 PM
|
|||
|
|||
Nifty forming typical Adam and Eve double bottom
Hi everyone,
Was going through Nifty weekly charts today, it seems to be forming a typical Adam and Eve double bottom. Here is the explaination:- In the 3rd week of Jan a sharp bottom at around 4450 was formed and in 2nd week of March a rounded bottom (Eve bottom) was formed at around 4500 levels and what gives confirmation to the pattern is that the Adams bottom was formed on higher vol.s as compared to Eves bottom ithin a difference of 8 weeks TARGET:- Now the highest point between the two bottoms aka Median point is 5500, if the Nifty were to cross the 5500 levels than the target is achieved as follows Median pt.- Bottom i.e. 5500- 4500 = 800 This difference is added to top formed previous to this pattern formation i.e 6500 on nifty So the target is 6500 + 800 =7300 on Nifty Have attached the charts below 
|
|
#2
29th April 2008, 08:52 PM
|
|||
|
|||
|
Re: Nifty forming typical Adam and Eve double bottom
Quote:
|
|
#5
30th April 2008, 03:04 PM
|
|||
|
|||
|
Re: Nifty forming typical Adam and Eve double bottom
Quote:
 even with 6300 level... 7000 + should be there.... according to the Adam Eve theory ( though i dont know abt them tht they knew technical analysis from the birth of mankind  )If Adam & Eve thing comes true then hurray!!! personally i am not tht well read in technical anaysis abt Adam Eve bottom... i came across here for the 1st time though Regards
|
|
#7
30th April 2008, 03:24 PM
|
|||
|
|||
|
Re: Nifty forming typical Adam and Eve double bottom
No he meant 6500 i think as he wrote....
Median pt.- Bottom i.e. 5500- 4500 = 800 This difference is added to ""top formed previous to this pattern formation"" i.e 6500 on nifty
|
|
#9
30th April 2008, 06:23 PM
|
|||
|
|||
Re: Nifty forming typical Adam and Eve double bottom
he probably meant:
Quote:
Quote:
|
|
#10
30th April 2008, 07:55 PM
|
|||
|
|||
|
Re: Nifty forming typical Adam and Eve double bottom
There is no need for so much of detailed discussion about the absolute target, we have to give + or - 5% room to target and anyways this pattern will show real strength once 5500 is crossed until then second bottom is a probability and not a surity, if Nifty does not cross 5500 then we may even go below the bottom of 4500
|
| Sponsored Links |
|
|
|
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss
arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer
to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
