Renu, I am getting a different 50 and 20ema values, actually the reverse of what is mentioned above. I am getting 20ema at 4926 and 50ema at 4858. Where did I go wrong? My daily chart period is from 30/Jul to till date. Please investigate and clarify. What is the right period to judge?
Hi Renu, Recently I have been regularly studying your posts. I have observed one of the finest analysis on Nifty. My observation: On 17th Nov. Nifty made Hanging man candlestick chart pattern. We have got the confirmation of the same on 18th Nov. It looks we are in for significant correction from 20th Nov. This also coincides with your two observations above. -Rajvada
Hi Renu
ReplyDeleteYou are giving info in detail with untouched information.
This is acute post with depth in detail.
Keep up the good work.
Renu, I am getting a different 50 and 20ema values, actually the reverse of what is mentioned above. I am getting 20ema at 4926 and 50ema at 4858. Where did I go wrong? My daily chart period is from 30/Jul to till date.
ReplyDeletePlease investigate and clarify. What is the right period to judge?
I think the Dollar index has moved decisively up today in the evening. Expect the nifty to turn squarely bearish starting tomorrow.
ReplyDeletehi moneyvistas.....thanks for your encouragment.
ReplyDeletehi veng.......may be something wrong with your data thats why you are getting it wrong.
hi ajay.....lets see how things pan out.
ur 20 and 50 ema are incorrct
ReplyDelete20 ema is well above 50 ema
Hi veng and afzala
ReplyDeletein above chart i have taken 20,50 day MA where as you both are taking 20,50 EMA thats why the difference.
Hi Renu, Recently I have been regularly studying your posts. I have observed one of the finest analysis on Nifty.
ReplyDeleteMy observation: On 17th Nov. Nifty made Hanging man candlestick chart pattern. We have got the confirmation of the same on 18th Nov. It looks we are in for significant correction from 20th Nov. This also coincides with your two observations above.
-Rajvada