Share Your Views On Nifty Trend...

[timepass]

Brainybhai, please share your view also, apart from exquisite charts (which are over my head anyway). Also, your chart in post no. 29, it doesn't show today's gap down ?? or have I missed something.

My view, brother, same as that of the others.. red future, but is it the "blood on the streets" scenario as some Wall Street sage mentioned ??

 

[deadbrain]

Yes, i somehow forgot to update before i upload that is why i uploaded second one with down signal. The first one though showed breakout levels, which are major resistance and support, means a clear buy or sell beyond these levels. Most of charts are self-explanatory with levels or arrows indicating.

 

[deadbrain]

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That looks like triple bottom. Now, what needs to be seen is if it bounces from here or breaches the current support level...

 

[NANDAMAD]

No thank you button. None the less wanted to thank you bro.
Regards

 

[timepass]

..That looks like triple bottom. Now, what needs to be seen is if it bounces from here or breaches the current support level...

Yeah, triple bottom. My worry is that it looks like it is made up of "M"s instead of "W"s.. can anyone see any kind of H&S or inverse or something and analyse for us ?

 

[deadbrain]

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That looks like triple bottom. Now, what needs to be seen is if it bounces from here or breaches the current support level...

I guess we could see a bounce today, though overall trend remains bearish.

 

[deadbrain]

Intraday, upper breakout............and then lower breakout within some time!!

Can traders survive in such a high volatility? :annoyed:

 

[deadbrain]

http://www.moneycontrol.com/news/lo...loses-72-pts-down-bankex-sinks-25_594403.html

 

[deadbrain]

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The downtrend.....................continues.

 

[foolsgold]

even though it slightly looks like head and shoulders i feel 4750 is an important support .. so i am guessin it ll bounce back!!