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.



Saturday 11 August 2012

Obervations for 13 Aug 2012

Close Price : 5320

TA supporting downmove :

Moving Average:
Hour TF we have closed above 5 ema , but below HH ema ( 5328)
Day TF we have closed above 5 ema ( 5308) , but below DHema ( 5331) bringing sell on rises .

-ve Divergence is seen in day charts

TA supporting upmove.