Sunday, August 28, 2011

Positive Divergence in RSI



Chart shows positive divergence and falling wedge...both favours bulls.

Chart taken from coldaro

I will not be able to update the blog for next few weeks....I will miss you all....wish you all happy trading and investing.

Wednesday, August 24, 2011

Short Term Swing Update



• Short term swing low (Lower low) formed at 4796. (As the closing was in green for the day on 22nd August).
• Short term swing high (Lower high) formed at 4966. (As the closing was in red for the day on 24th August).
• So, The short term down move will terminate above 4966.

Thursday, August 18, 2011

SHORT TERM SWING UPDATE

SHORT TERM----- (As per daily charts)
• Last swing high is at 5112. (Lower high)
• Last swing low is at 5015. (Higher low)
• Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
• The down move will terminate above 5112.
• Short term swing low (Lower low) formed at 5015. (As the closing was in green for the day on 17th August).
• Short term swing high (Lower high) formed at 5112. (As the closing was in red for the day on 18th August).

Thursday, August 11, 2011

Short Term Trend Update

SHORT TERM----- (As per daily charts)
· Last swing high is at 5198. (Lower high)
· Last swing low is at 4946. (Lower low)
· Nifty is in down move (from 27th July) with targets (+/- 10 points) of 5490**, 5450**, 5410**.
· The down move will terminate above 5198.
· Short term swing low (Lower low) formed at 4946. (As the closing was in green for the day on 10th August).
· Short term swing high (Lower high) formed at 5198. (As the closing was in red for the day on 11th August).