Date: 2nd Nov 2014
Nifty last closing price: 8322.20
Daily chart
Figure 1 is 10
box value chart plotted with daily closing prices. Uptrend discussed during last write up worked well
and it proved a fruitful week for the one who took opportunity during correction earlier in the week. Trend remains up and 'X' is dominating.
1 Min Chart
Figure 3 is 5 box value chart plotted with closing prices of
every minute. Trend is bullish on lower time frames also. Right side of the chart at the moment is a bookish uptrend and it must have been a wonderful experience for price
followers. Remain long and ride the trend.
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- Prashant Shah, CMT, CFTe
Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. Company or Author shall not be liable for loss or damage that may arise from use of information provided above. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The readers of this material should take their own professional advice before acting on this information.
All information provided above is for general information purposes only and does not constitute any investment advice. Company or Author shall not be liable for loss or damage that may arise from use of information provided above. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The readers of this material should take their own professional advice before acting on this information.
