Nifty Pivot-based Mechanical Trading System coupled with 2 and 3 Day Swing Calls

VJAY

Well-Known Member
what does the meaning of IB in excel worksheet??? like NR7 and NR4 (Narrow Range )

pls reply me to understand in depth
IB means Inside Bar...current bar is not gone above/below last bar(range)
 

Sunil

Well-Known Member
WHO WILL BELL THE CAT (ie the bull)

I wanted to know how far can this rally sustain? Where's the next meaningful resistance? What's does the W I D E screen view tell me?

Here's the Daily chart of last five years. I went to MS Paint, and started marking out super-key RSR levels.




I was surprised to find this sequence:
2200
2600

3200
3600

4200
4600

5200
5600

ie x200 & x600 are appearing in a sequence.
with a sole exception of 3800 which is actually a 50% FIB level - right at centre.

Latest position:

 

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