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.

July 27, 2015

BANK NIFTY ANALYSIS

1.30PM Update:

Owing to Global weakness - Banknifty has fallen from 18500 -18250 levels. 18300 is 200 DMA and 18330 is 50 DMA - A FAST RISE BETWEEN 50 DMA AND 200 DMA. An EOD close above 18300 would be an initial step for Bounce back.

The BEARISH WOLFEWAVE (24 JULY 2014) has reached its final target. The Bullish Gartley pattern is completed. 



Time to Exit shorts taken at 19000.




3 comments:

Rajagopal said...

Great work friend. Enjoying your studies.

satheesh said...

Thank you Sir - Nice to see your comment after a long time :)

ravi said...

Thank you madam. I am happy to see your post after a long gap. Welcome back.

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