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 10 October 2012

EOD 10th Oct 2012

Close ( 5652) Well below the DEma ( 5692) and below the DLema ( 5674). Trend is down with momentum .
We have a sell on day TF now with Sell on hour TF .



Is that a Head and a shoulder pattern ? We will know tomorrow for sure .

+ve divergence developing on hour TF and we have closed at support lvl of 5650 .
Support with +ve divergence may give a upmove ..

Week trend is up , If we get a buy in hour TF now , with Weak trend up , it could be valid buy if it triggers in Day TF also following the hour TF .

HLema at 5655
Dlema at 5674.

Hour ema s , 20 and 100 are right at 5690 , tomorrow will tell if there is -ve cross Or a fast rise ...