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, 12 December 2012

EOD 12.12.2012

We closed < 5 Dema , making the day trend down , Sell signal on hour charts as well .
DLema at 5867 with a break of this and close below, sell gets confirmed. 

 Sell signal on day charts issued with the divergence  .

EW wise I feel we are still in corrective to fall (5965-5865) , IF 5865 breaks that wud be another confirmation of "sell" generated today.

No comments:

Post a Comment