Nifty Entry ,Exit ,Target levels with Median Line Charts

[Kavima]

17.11.2011 Thursday

Fall was so swift and the scene looks very dismal.
Price has met the Blue LMLH , but the price action does not give confidence that it has stalled for now.
Drawn two parallel trendline channels 1 & 2 , and would have to wait to see if the area marked in green will hold or price will further travel down to the Red warning line drawn below??

 

[timepass]

Fall was so swift and the scene looks very dismal.

We've been seeing a lot of swift moves recently

 

[Kavima]

18.11.2011 Friday

 

[VJAY]

Dear Kavima,
Nice analysis of nifty...your analysis taken on daily or other tf's.....your entry of trades are in which tf?....please share trade entry tips with these analyse....it will help to learn better....

 

[Kavima]

21.11.2011 Monday

Bears still in control...

Price has now touched the Red Warning line below and the Blue warning line of the minor pitchfork.Chart is heavily oversold and ripe for a bounce in Stoch indicator.Whether it will happen tmorrow or before this week's settlement, will wait and see.

[/URL]

 

[Kavima]

22.11.2011 Tuesday

Price trying to bounce because of oversold state,but the 4765 low can be confirmed as a Swing low only when price closes above 4850, the recent minor swing high area.
Upper end immediate resistances are at 4900 to 4930 zone.
It's going to be a tough and slow attempt to climb again after the swift fall last week.
If price violates 4765 low, then the bounce possibility is negated and price will move south towards the brown Lower median parallel at approx 4600 zone.

 

[Kavima]

23.11.2011 Wednesday

Looks like Nifty does not want to settle down still !!
Lower side the targets are 4530 zone at LMLH and correlates with the 1.236%R of the previous major Swing.
Lot of resistance levels uphill .Probability of Nifty attempting the lows is more due to the negative global cues. Crossing 4850 which is the recent minor swing high is important in the near term.Today's close also does not give any indication there is a slowdown of the fall.If there is a gap down again tommorrow , then 4720 becomes an important zone to cross after price finds support at lower levels.

[/URL] Uploaded with ImageShack.us[/IMG]

 

[Kavima]

Hi friends

Posting analysis of today's trade on 5 min chart .This is one way Trendline / resistance line breakouts can be used and Median lines drawn to look out for a good entry.

Posting Intraday analysis with notes. Magenta PF in second chart was drawn based on the low pivot at approx 61.8% R of the previous swing.There was a breakout above the retracement leading to the UMLH with a swift rise .

24.11. 2011 5 min chart

60 min chart

Today's close is a positive sign for a ST low .But it's going to be sometime before the downtrend is halted as this upmove / corrective rally may extend till 4920 zone and once again a probable sell off is possible.
The downside levels at 4530 zone will be an area to be watched out till we make progress in the upmove.

 

[timepass]

Today's close is a positive sign for a ST low .But it's going to be sometime before the downtrend is halted as this upmove / corrective rally may extend till 4920 zone and once again a probable sell off is possible.

4920..interesting.

The lower BB(20,1) of Dec NF is at 4913, and the band is still widening (so 4530 as a future bottom of BB(20,2) is not ruled out). No relation to your observations, of course... just a thought.

 

[Kavima]

25.11.2011_Friday

Yesterday's momentum did not continue and it was a corrective move today attempting to go past yesterday's high and failed.If the price can hold at 4660 zone which falls at 61.8% , it can move up atleast till 4850-4920.Monday's action will show the way!!