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, 17 September 2012

18/9/2012

There is a -ve divergence seen in day charts as below , with the tops at 5631 and 5650


During the day , hour Macd ( 34 5 5) gave a sell signal as seen in the chart below .
 

We have closed below HHema , so Hour charts are showing weakness along with a sell that Macd ( 34 5 5)  gave .
Day Trend still up , All these gap ups have made the prices come far away from Day ema at 5507 .

On Auspicious occasion of Ganesh Chaturthi I will be little busy with other things so updates will not be regular in coming days .
 

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