This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

May 22, 2014

TATAMOTORS ANALYSIS

Tatamotors brokedown below 443 - 5DMA and has reached 10 DMa near 434-436 levels.

If supported at 434 - expanding triangle of Day charts and Falling wedge of Hour charts, then a good upmove upto 465++ on breakout above 439-440.

Breakdown of 434 - would drag upto 420-416 - 50 DMA levels coinciding with channel bottom of Day charts.

EW count supports both.



SYNOPSIS: Holding yesterday's low of 434, and if today opens above 436 - It is Low Risk High reward entry.
Positional Trade - Hold longs with Sl 434 EOD.
Aggressive Sell - Sell below 434 on Hourly close basis - with SL Hour close above 436.


May 20, 2014

TATAMOTORS ANALYSIS

It has just closed just above the crucial 5 DMA.

A Bullish Wolfe Wave has formed in Hour Charts - but it will be effective if 5DMA is held EOD.


May 19, 2014

Tatamotor Analysis

Tatamotors has reached a High of 465 and is attempting a pull back.

WEEKLY CHARTS have given a breakout.