Analysis for sept 16

Nifty High of Sept 15 was at monthly pivot of 5090 and Low at weekly 5SMA at 4953.
Most of the EMA's are above the SMA's.
Nifty Has closed above the Day pivot, Day Hema and week pivot and week 5EMA and registered a high at monthly pivot.

Major stock charts provide reversal patterns.

Weekly Chart:

STOCK CHARTS - DOES IT INDICATE MORE UPSIDES???

All the Charts Posted below show candlestick reversal patterns. For further reference Candle stick pattern Dictionary.




SBIN DAY CHART SEPT15

ANALYSIS FOR SEPT 15

Nifty weekly chart:



The trendline support is at 5050-70. breakout and close above this would lead to more upsides.

Intraday view for sept 14

	CHECK LIST-DAY
1	CLOSE	4941
2	PIVOT	4961	5EMA	5001
3	HI EMA	5062	10EMA	5009
4	LOW EMA	4963	13EMA	5014
6	5 SMA	5045	26EMA	5077.6
7	20DMA	4977	Ystrdy HI	5030
8	50 DMA	5289	Ystrdy LOW	4911
9	100 DMA
10	200 DMA

Action Plan for today:

Day sept 13

Short below 4963(Dlema), 4977(20DMA), 5014(13EMA)

SL with Hr close 10-15 points above these levels

Buy above 4920 with SL Hr close below 4890

Buy above 4670 with SL hr close below 4960

CURRENT BEARISH / BULLISH SCENARIO

CURRENT BEARISH SCENARIO!!!
A bullish ABCD pattern is formed in Hour TF which would determine the target that could be achieved by the Bullish shark pattern.

INTRADAY UPDATE

Day chart:

5min NF rising wedge:



Analysis for sept 13

CHECK LIST-DAY
CLOSE	4947
PIVOT	4948	5EMA	5032
HI EMA	5078	10EMA	5025
LOW EMA	4990	13EMA	5027
5 SMA	5070	26EMA	5088
20DMA	4998	Ystrdy HI	4985.6
50 DMA		Ystrdy LOW	4911
100 DMA
200 DMA

Bullish Shark Pattern in Nifty Hour

A bullish shark pattern has formed in Nifty Hour. Validation of this pattern and continuation of the write up would be taken up later. This pattern study is in initial stages. Have mailed this pattern to harpreet for opinion.

Harmonic patterns in DAY/HR - Contd.. (sept 5)

The Chart below is the continuation of the chart posted in the link on sept 5:
http://tradeessentials.blogspot.com/2011/09/harmonic-patterns-in-dayhour-tf.html

RISING AND FALLING WEDGES and WEEKLY CHART

The Rising and falling wedges have been producing the desired result. For further details refer