OBSVs:
1. -ve DIVERGENCE on 14d RSi
2. Price closed below 5DHEMA , but still above 5DEMA & 5DLEMA
3. Prev EOD Doji & Engulfing Bear Lows @ 5320-5330 are SUPPORT ZONES
4. Lower Support TLs also very close to price , so is PSAR on Daily
SMO SAR VERDICT:
1. Trend will change only Below Breach of 5322 on EOD basis, or wait for close below 5DLEMA (5315), to go on RED ALERT as per SMO SAR
2. For RISK TAKERS / AGGRESIVE BEARS, Can short with Strict SL @ 5393 (5DHEMA)
3. FOR BULLS : Above 5412, Nifty is BULLISH & will seek 5460-5530 ....
@ present CMP, both options look possible Technically. Tomo, Nifty will REVEAL its hand & Reward the TREND FOLLOWER
Predict, we perish, Follow we Flourish !
cheers
If we are followers, then why Stop Loss.
ReplyDeleteYour statement is incorrect.
Dear Sarma ji,
ReplyDeleteSL is because I am a SIMPLE HUMAN with Ltd brain power.. I CANNOT PREDICT 100%
My method, SMO SAR also has the same limitations & has a accuracy rate of 80%
It is impossible to right 100% ,hence the SL
urs
thanks for chart sir ji... aaj fir ek aur seekh mila mere ko aapke chart se. about PSAR. regards sir ji.
ReplyDelete