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.

Monday, 27 August 2012

28th August 2012

We closed at 5350.25

Moving Average:
Hour trend was down , already and though we were closing above HLema for almost all day , around the last hours not only closed below the hour low ema , but DLema as well making the Day trend down with momentum .
Day low ema 5363 .

Keeping a watch on yellow UTL will be my guide .

EW lables can be seen as in the following chart.

Keeping a watch on 20 / 50 ema as well , they are at the same value resently , change in value with respect to each other may guide further .

From To Fall/ Rise 0.00236 0.38 0.5 0.00618 0.00736 0.008
5033 5448 -415 5350.06 5290.3 5240.5 5191.447 5142.56 5116
5399 5347 52 5359.272 5366.76 5373 5379.146 5385.272 5388.6

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