CHART-II
- Nifty has not broken out of the trading range yet. If the lower end of the range gives support we may get an up move.
- Breaking the low point may take nifty below 5400 level.
CHART-I
- Nifty is testing the support are in the middle of the broad trading range.
- Break of this level can take nifty to the lower end of the range.
- Getting support here can give an up move
Sir you posted above chart of NIFTY, is it SPOT or FUT.Also from where you are getting NIFTY data for AMI BROKER pls tell me.
ReplyDeleteRegards
Amit
@voramit
ReplyDeleteThis is nifty spot chart. See there are many data providers for nifty. Please Google it and find out. What may be good for me may not be good for you.
Hi,
ReplyDeleteI am learning a lot from your blog... watching it closely... you are writing your posts with a lot of effort and research ... The two blogs one is obviously Ilango sir's and yours are the blog which I visit daily... really thanks for your writeups.
BTW I am in a process of learning TA... presently I am learning from Internet and from books which I have downloaded. But I want to learn Technical analysis formally... any course... possibly online or distance learning can you suggest... or any books which will be useful to starter like me.
Regards
Sam
excellent charts sam :)
ReplyDelete@Ram Charan
ReplyDeleteThanks
@SAM
ReplyDeleteHi
I learnt it from books and by watching those patterns in live market.
I bought the book suggested to me in the following comment.
Ilango said...[Reply]
Hi..San,
"Pattern Trading" is one of the classic TA and well covered by Edwards Magee in his book "Technical Analysis of Stock trends". You have started on a right note.
Wish you all the best.
ilango
hi,i m raj from mumbai,i have been reading your 20 min graph for nifty spot in your blog,i need how to predict buy\sell signals with entry and exit levels,please tell me......
ReplyDelete