Positional: NF has given a Breakout above mid BB in Daily chart after a Morning Star formation. RSI rising from 40 after a Hidden Divergence. It seems Upper BB & Range high - 6400 will be the next TGT as BB is suggesting Ranging market..
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Intraday: The market was confusing in the morning & was Ranging. Marked a range with Pink lines. 2 breakouts with close outside range but no Pullback trades available..Took 2 trades after that-
1) After a Big pullback, Nifty came out of Range, but with no momentum. It wasn't able to close above upper BB. Shorted after breaking the pivot made by Doji. Covered with , when a Hammer formed on Range Low with 6 pts.
2) Nifty Tested the Range Low, then a Failure to continue. Initiated the Long with Pivot break + close above mid BB. Got good 20 pts..
20131118154950.png)
20131118160116.png)
Intraday: The market was confusing in the morning & was Ranging. Marked a range with Pink lines. 2 breakouts with close outside range but no Pullback trades available..Took 2 trades after that-
1) After a Big pullback, Nifty came out of Range, but with no momentum. It wasn't able to close above upper BB. Shorted after breaking the pivot made by Doji. Covered with , when a Hammer formed on Range Low with 6 pts.
2) Nifty Tested the Range Low, then a Failure to continue. Initiated the Long with Pivot break + close above mid BB. Got good 20 pts..
20131118154950.png)
Hi...Is this chart from investing .com a paid service?
ReplyDeleteNo, Its a free one..
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