Wednesday, 27 November 2013

CHART STUDY THROUGH POINT AND FIGURE





Dear all
On Friday we have taken long position in nifty and on Monday 50 % position exited and rest 50 % we have exited today at 6060 (spot levels ). Now we do not have any fresh position in nifty .
Nifty is moving in very tight range 6000-6150 so from here we should wait for double top buy or double bottom sell signal for nifty.  If nifty able to break 5970 in intraday then triple bottom sell signal will generate and from these levels only double top or bottom signal should take….As per my assumption nifty should take some positive bounce till 6140-6160 .. This is my assumption and on basis of assumption one should not take trade.  Lets price tell us what should do. We should follow only double top buy signal or double bottom sell signal.... If nifty close below 5980 then we should take short position …..

Below is nifty  chart  10x3 high-low chart….


 BUY VOLTAS BETWEEN 93-95 SL 87 TGT 108 ++ (ALL LEVELS ARE ON CLOSING BASIS)


Regards
Raju Ranjan
9975606284

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