This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

February 5, 2014

Tatamotors and Nifty analysis

Tatamotors found support at 200 DMA and bounced back upto 345.

Hour Channel and Day Wedge Breakout above 346.







Booked out shorts @ 5980NF  taken at 6280 NS/6320 NF on Jan 27.

TRADE STOPLOSS  REASON 
Buy above 5980 NS EOD close below 5950 200 DMA


5 comments:

kizar khan said...

Tatamotors found support at 200 DMA and bounced back upto 345.

Hour Channel and Day Wedge Breakout above 346 ???? , sathish i m following your blog and illango sir. today your not mention break out above target ???

kizar khan said...

please share mobile number

satheesh said...

Kizar Khan,

Ist target - 356 - reached. Next target near 361-360. 10 DMA resistance at 359-360.

satheesh said...

Targets based on wedge converting to channel and not the wedge targets themselves.

kizar khan said...

hello sir thanks for support we are poor to calculate wedge converting to channel , kindy please mentioned target value's

Regards,

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