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 28, 2014
TATAMOTOR analysis
Tatamotors has made a NEW HIGH of 418.2 - with a possibility of completion of 5waves in week charts.
NIFTY ANALYSIS
Today being the End of Month and End of Week - the crucial levels are 6290 - Month HEMA. 6197 - Week HEMA.
Monthly Charts Resistances - 6290-6320
Weekly chart Channel resistances - 6240-6250.
Day chart Channel resistances - 6240-6250
Day Chart Channel Supports - 6180.
Hour charts SMACD and KST consistently exhibiting -ve divergences.
Monthly Charts Resistances - 6290-6320
Weekly chart Channel resistances - 6240-6250.
Day chart Channel resistances - 6240-6250
Day Chart Channel Supports - 6180.
Hour charts SMACD and KST consistently exhibiting -ve divergences.
February 25, 2014
Nifty Analysis
intraday Update 12.30PM:
Tatamotors Hour chart update:
395 - has been knocked thrice today. Breakdown of wedge below 394. If supported then again towards 400+
Tatamotors Hour chart update:
395 - has been knocked thrice today. Breakdown of wedge below 394. If supported then again towards 400+
February 24, 2014
NIFTY and TATAMOTORS analysis
Tatamotors has rallied upto 400.85 (current value) gathering support at 390 levels. A rising wedge is formed and breakdown of Wedge is below 394.