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.

June 24, 2011

Bearish Bat Pattern in NS Hour

















It is a bearish pattern The Stop loss for this pattern in 5432 and 1 target is 5322 and next target is 5250

Trading range between 5280-5360

The Neckline Tested in nifty Day chart with a Bullish engulfing pattern which needs a followup with todays price action

















The Bearish flag in Hour chart will give a breakout above 5335 and will be met with resistances at 5345-5360. An Hourly close above these levels would be an indication to hold longs for intraday and a Day close above these levels would be an indication to hold Longs positionally
















Action Plan for Today




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June 23, 2011

Butterfly pattern again!!















Today again a butterfly pattern is developed in 5min NF charts the initial target being 5310 and the second target is 5270-65

June 22, 2011