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what do rsi and william%r say? (Js)
| From : Jagmohan Singh at 04:33 PM - Oct 03, 2011 ( ) |
Share it on Facebookone of my pride learnings have been rsi and william%r.
in this thread i will be sharing the outlook for nifty as well as bank nifty etc. on the basis of these two super indicators.
i wanted to keep this thread different from the one based on options data for 2 reasons
1. options data is an altogether different language
2. options data can tell you reasonably accurately for the next 1-2-3 days whereas indicators can help you see a few days or weeks or months in advance.
(please treat this thread as pure sharing of my notes. please do your own research before trading.)
Jagmohan
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Jsji...... One question sirji...... Do operators also follow William, rsi and such other indicators...... Or they rule the court with power of cheap funds?
yes GM
that's what happens when you let 4-5 independent parameters speak their minds freely.
i have taken bullish trade in options on the basis of rsi/william%r
elliot wave is not comfortably bullish. you are right.
whereas the options spread clearly not in favour of levels below 5190spot.
i expect a dramatic surprising day tomorrow. last 2 expiries have been docile.
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ur ew counting was very good .....but i think ur some trdes going bullish
am right ??????????
28mar eod
on 1 year chart with 1 day tick, early signs of bullish divergence are there. downside seems limited. atleast some bounce is expected.
on 1month chart with 30min tick too, stretched bullish divergence has emerged. atleast some bounce expected.
the 5day chart with 5 min tick clearly shows disinterest of operators since last 3 days. they have so far been playing with very soft grip. next few days are expected to yield a strong dealing hand from them.
21mar, EoD
as per 1 month chart with 30min tick, this looks like a rally.
but the 1 year chart with 1day tick indicates that the rally is standing in front of the mirror of 5371 where it may get reflected down.
5day chart with 5min tick indicates a flat to mildly soft opening.
let's see.
20mar EoD
1month chart with 30min tick-size (least count) is showing bullish attitude.
5day chart with 5min tick size is indicating soft opening.
interesting to see how this pans out considering that europe is in dark red as i key in.
-------
www.niftyshots.blogspot.com
THANKS , but I am unable to plot the chart on 30min
Sir, from where I can see the nifty & other charts for 1 month & above with 30 minute tick
Thanks
19 mar, EoD
cmp=5257 spot.
as per 1month chart with 30min tick
the market is at the high probability bounce point.
though a runaway rally on upside is unlikely, some upside from here likely.
we are still in a dangerous slide zone, but atleast a good wall of hope, and corner of pause is here.
=======
(niftyshots.blogspot.com)
16mar,EOD
----
yesterday i had said
"i see good fall approaching. any rise tomorrow is an opportunity to book longs and take short term shorts."
glad to see, the same happened.
======
as per 1month nifty chart in goo gle finance with 30min tick as of now,
bullish divergence indicates some relief in next 24-48 trading hours.
some rise will be deifintely followed by some fall. while it is good chance to be btst, any rise will be again an opportunity to come out to buy at lower altitude!
15mar, EOD
coming further close to nifty using 5day chart with 5min tick
there is a clear case of a gap up opening tomorrow morning.
15mar EOD
now if we see nifty from close-up in 1month chart with 30min tick
some more clarity appears for short term.
i see good fall approaching. any rise tomorrow is an opportunity to book longs and take short term shorts.
15mar, eod
now, looking at nifty 1year chart with 1day tick, following points emerge
1. after such a strong rally (see william%r extreme run in first circle), such a sharp fall (sharp straight rise of william) is abnormal (influenced).
2. moreover, after the rise of william like this, the fact that it didn't come down after touching extreme and has remained there for extended period of time also hints abnormal influenced / forced / cooked behaviour.
due to these reasons i draw following inferences
- some more fall is imminent and lot of rise
15mar EOD
trying to understand what could be instore for coming months
for this i checked 5year chart with 1week tick.....this chart shows overall longterm trend....
this clearly shows that the rsi is in bullish divergence. also william%r has had a sharp and straight (rather abnormal) slide down. this has 2 meanings
1. some erratic behaviour (read downwards)
2. big rise / bull wave to continue soon thereafter.
14 mar 9.18am
as per 1month 30mintick chart, the rally that started on 7th afternoon is NOT over @5496 spot high this morning. it will be matched or broken in 1-3 days.
Sir,
Thank you for sharing.
Excellent observations.
8MARCH CMP=5220
as per 1year chart with iday tick, the sudden slide that started on 21feb at 5600 hasn't ended. the slide was not normal and natural and hence likely not to end without a second phase. however, immediate sharp decline from here has less probability.
on 1month 30minute tick chart, there is bullish divergence, but something is not feeling right about it. it is not well defined and well carved. i will take any rise with scepticism and caution. we might still be in a sell-on-rise phase.
5day 5minute tick clearly clearly hints at good upswing. whether it sustains for 1 day or a few days needs to be seen.
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