Nifty Entry ,Exit ,Target levels with Median Line Charts Part 2

[NANDAMAD]

A grand welcome to you madam. Thanks for coming back after a long period. A grand welcome again.

 

[LivetoTrade]

Thanks Kavima

Hope the break gave you a re-charge.

 

[Kavima]

30.11.2012 Friday

15 min chart

Price near resistance at Warning Line / UMLH of magenta PF.Stochastic at oversold area. A pause / retracement to the 2 day 250 point rally expected.
Support levels at 5805-5775 band within rising magenta PF before an upmove resumes.

 

[Kavima]

30.11.2012 Friday

Eod 15 min chart

Nifty climbs up relentlessly.. within the upper magenta channel .Target towards 5900-5950 range where it meets the resistance levels of the orange major PF .

 

[Kavima]

3.12.2012 Monday

 

[Kavima]

4.12.2012 Tuesday

 

[Kavima]

5.12.2012 Wednesday

 

[Kavima]

6.12.2012 Thursday

Resistance at 5900 - 5950 band at orange UMLH against the expected breakout.Price can attempt retracement till magenta median line at 5878 and support below towards 5808 / 5790-5770 band at the orange ML which is also approx 38.2 % R of the rally from 5500 levels .Upside breakout level above downsloping magenta PF at 5900 ++ .

 

[LivetoTrade]

Sorry, wrong post :-0

 

[Kavima]

7.12.2012 Friday

Price moved out of the magenta PF , through 5900 resistance levels with wide range bars indicating positive momentum holding on.With the recent swing points,the Green Pitchfork drawn leads to immediate resistance level at 6000 + levels for closing long positions based on the price bar action at this zone.Moving below Green median line, retracement supports will be at green LMLH at 5900-5875.