Nifty Entry ,Exit ,Target levels with Median Line Charts

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Kavima

Well-Known Member
17.07.2012 Tuesday Intraday 15 min chart

Yesterday's setup for long entry,after entry triggered stoploss.

Today's 15 min chart - Yesterday's low closed at the support zone of the major Orange ML set.Drawing a new upsloping Green PF for today,currently price is within yesterday's range .So will have to wait for a dip closer to the support zone for new longs or a breakout above 5233 for targets 5290-5300.

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Kavima

Well-Known Member
17.07.2012 Tuesday

15 min chart EOD update

Though price gapped up, price did not move beyond today's high,slowly cascading down to close at low zone of today,testing the Orange LMLH again.If price moves up at open tommorrow,then a reverse divergence in Stochastics could happen and with positive Price action, a support could emerge for new Longs.



 
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