Charts for the Day

[anil_s_trivedi]

Nifty struggling near 200 SMA...The total fall is coming at 11.8% from recent top of 8968...

 

[ravi2126]

Nifty struggling near 200 SMA...The total fall is coming at 11.8% from recent top of 8968...

Same with sintex....fighting with 200SMA

 

[doss186]

Dear Traders

The market is reversing back after 50% retracement of the bullish move from 6825 to 8968. Now it time to see a major bullish market. see the attached charts.

 

[ravi2126]

Anil'ji, can v study patterns on hourly chart?
As one of my friend is saying "As per technical rules,patterns are studied on daily chart or higher..
Ur input pls ?

AS i know on longer time it works well

 

[VJAY]

Anil'ji, can v study patterns on hourly chart?
As one of my friend is saying "As per technical rules,patterns are studied on daily chart or higher..
Ur input pls ?

IMO no hard rules there...patterns occures in every chart and every time frames ...Important for its success where and which point its occures

 

[anil_s_trivedi]

Anil'ji, can v study patterns on hourly chart?
As one of my friend is saying "As per technical rules,patterns are studied on daily chart or higher..
Ur input pls ?

AS i know on longer time it works well

IMO no hard rules there...patterns occures in every chart and every time frames ...Important for its success where and which point its occures

Raviji yes pattern can be studied on any timeframes. Be it hourly/daily/weekly/monthly...The higher the timeframe the higher the significance of the pattern under consideration. I mean the H&S in 5min carry little significance than one spotted on weekly or daily. Also in the same way, lower the timeframe higher the failure rate of pattern. Like H&S failure on 5min has greater occurrence here than on daily/weekly charts.

Best is to have pattern study alongwith some crucial S/R levels, or any significant moving average at the same level...more these things converge higher the probability of testing that zone...

 

[davincy]

My opinion nifty will break 7916.

Davincy

 

[anil_s_trivedi]

Nifty facing overhead 200 SMA resistance zone...Just trading in gap created on december 2nd...

 

[Just-Trade]

Nifty facing overhead 200 SMA resistance zone...Just trading in gap created on december 2nd...

Whats your charts says for today's Nifty movement??

Just-Trade

 

[ravi2126]

sail is on verge of break out