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.
Wednesday, 11 July 2012
Observations for 12th July
and a close up
We have formed a bearish " Harami" very close to the major resistance of 5343 lvls , as seen in the EOD chart . All possibilities that we are very close to breaking the lower yellow TL and head down.
Todays day low was 5300...anything below this means Shorts it is .