This is my trading file to organise and jot down my take on the market .I do Technical Analysis. This blog is to keep track of my baby steps so that I can look back at my journey .Looking back tells me how far I have come from days when I knew nothing and can go further .It gives me motivation to keep going on even when I am tired. One has to back up trading with their own studies. The charts I post here are 99% inspired from Ilango sir.



Tuesday 13 March 2012

EOD 13th March

We had Golden cross today where on day charts 50 ma cross over 200 ma .
Also on day charts , 5 ema crossed over 10 ema . Both these cross overs indicating bullishness .




If in the below hour chart , 20 ma crosses over 200 ma then more upside ...If now 20 ma starts to fall then a fast fall , we have seen in recent past that this combination of 20 and 200 has worked very well for fast fall . Tomorows price action will confirm this .





On day charts Fast macd crosses the zero line today ...indicating bullishness .
Missed the opportunity to enter longs when nifty dipped to 5327 yesterday .


 


Camarilla update


 Thats it for the day !

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