IF YOU REFER TO PREVIOUS DAYS CHART NF HAD CONSOLIDATED AND HAD MADE SYMMETRICAL TRIANGLE AND THERE WAS A BREAK DOWN IN TODAY'S CHART WHEN IT OPENED ON A NEGATIVE NOTE.
I HAVE DRAWN A SUPPORT LINE IN TODAY'S CHART FROM WHICH NF HAD GIVEN BOUNCE FROM THERE OR HAD TAKEN SUPPORT ON THAT TREND LINE DURING THE DAY.
MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): MACD HAD GIVEN SHORT SIGNAL GO SHORT: WHEN MACD SIGNAL LINE GAVE NEGATIVE CROSSOVER AT 5073 AFTER WHICH NF MADE A LOW OF 5045
NIFTY FUT 5 DAY 15 MIN: MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): GO LONG: WHEN MACD LINE GAVE POSITIVE CROSSOVER AT 5023 ONE COULD HAVE GONE LONG AFTER WHICH NF MADE HIGH OF 5072
RISING WEDGE: NIFTY FUT HAD MADE RISING WEDGE WHICH WAS BROKEN YESTERDAY AT AROUND 5061 AND TODAY IT OPENED ON NEGATIVE NOTE
NF MADE A LOW OF 5006 TODAY
DOUBLE BOTTOM: NF MADE DOUBLE BOTTOM AT 5008 (PURPLE ARROWS) AND GAVE GOOD BOUNCE WITH GOOD VOLUMES AND MADE HIGH OF 5070 FINALLY ENDING THE DAY AT 5055.
NIFTY 5 DAY 15 MIN: MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): MACD HAD GIVEN 2 TRADE SIGNALS GO LONG : WHEN MACD LINE GAVE A POSITIVE CROSSOVER AT 5065 AFTER WHICH NF MADE A HIGH OF 5082 GO SHORT :WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AT 5078 AFTER WHICH NF CLOSED AT 5055
TREND LINE SUPPORT: IF YOU REFER TO MY PREVIOUS POST I HAD DRAWN TREND LINE CONNECTING VARIOUS POINTS WHICH I HAVE EXTENDED IT IN TODAY'S CHART (GREY COLOR)
