Friday, December 9, 2016

VEDL




VEDL A GAME OF HIGH RELATIVE STRENGTH INDEX,RSI (14). IF RSI REMAIN ABOVE 70 ON DAILY CHART PRICE WILL START NEW HIGH.

Monday, November 21, 2016

NIFTY



Wide Bollinger band Represent more price swing possible.
sentiment on indicators low, Trend will take Time to recover.

#nifty 

Monday, September 12, 2016

Why Analyst Go wrong !!!

Many analysts go wrong in forecasting on basis of trend line breakout or such pattern like  h & s, triangle , wedge , etc.

why ?

Here is two Nifty daily chart show you why many analysts go wrong and other take benefits of such forecast

1. linear chart ( many analysts use this scale to see chart and use  for forecast and they go wrong !!! )


In above chart, no current trend break down so the call is not to sell in many cases as per study of the only trend line.

now 

we see chart 2

2. Log scale chart (why here picture turns and smart change there opinion )


In above chart, one can see that the trend line broke in comparison to chart 1.
(click on chart to enlarge it.)

here is your answer why analysts go wrong!!!

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Friday, September 2, 2016

NIFTY TURN AND TWIST



                                 >>> CLICK ON CHART TO ENLARGE IT <<<


CLOSE LOOK TO NIFTY FROM LOW TO CURRENT HIGH, A SIMPLE TRENDLINE HIGHLIGHT SUPPORT AT TWO MAJOR LOW THIS SWING LOW ARE IMPORTANT TO SEE, CHANGE IN TREND WHEN IT'S START TO CORRECT.

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