Retracement strategy, a must for traders.
1 week ago
Saturday, March 24, 2012
Friday, March 23, 2012
Thursday, March 22, 2012
BN, in corrective mode, has 10340 & 10615/755 to make some decisive moves...a complicated phase ahead..
Wednesday, March 21, 2012
Nifty reverses from 50DMA, short of triggering upward momentum.
A decisive move past 5374 & 5391(Wk & Mth's pivots) is required now as Hour TA has almost come to overbought zone.
For the day the decisive move past 5268,Day Pivot, produced a century.
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For the day the decisive move past 5268,Day Pivot, produced a century.
BN, in corrective mode till below 10400, would move both ways..
If breaks out of the channel, strength would be above 34 hr sma @ 10500 for the first hour.
If makes a new low below 10135, that would complete a 5-waves for a ST reversal along with Day lead indicator's likely reversal.
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If makes a new low below 10135, that would complete a 5-waves for a ST reversal along with Day lead indicator's likely reversal.
Tuesday, March 20, 2012
Monday, March 19, 2012
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