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, 28 August 2012

29th August 2012

From To Fall/ Rise 0.00236 0.38 0.5 0.00618 0.00736 0.008
5421 5313 108 5338.488 5354.04 5367 5379.766 5392.488 5399.4

we did 5343 today . If this was 3rd down to be followed by 5th then 5379 would be a good point to sell again , with 5400 as SL . If we move past 5400 then correction would be assumed over at 5313 for now . Anything above/below 80% is strength/weakness.
Downtrending channel is intact.

Trend remains down with momentum as closed below DLema .

20 crossed 50 today to down and now to watch is combination of 20 and 100.


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