This is the 101st post on Random Words , & is dedicated to my parents . This Blog exists because I exist, & I exist only because of them
Coming to business ...
CMP : 5209
Chartnexus does not have data updated for Saturday's session (28th Apr'12), so we will take the help of Goo-fin & the SMO SAR LPFt today.
SMO SAR VERDICT:
SMO SAR EOD = 5209
1. 5DEMA again is @ cross-roads.
(i) If we take EOD data only upto 27th Apr'12, Slope of 5DEMA is -ve
(ii) If we take EOD data upto 28th Apr'12, Slope of 5DEMA is ZERO (Flat)
In either case , SMO SAR EOD is static @ 5209
2. Hour TA is a Different story (thanks to the 2 hrs session on Saturday)
(i) If we discount the Saturday session , 5EMA has turned UP &
SMO SAR Hrly (guess wot) = 5209 (will give the BuLL x-over)!!
Lifo-Fibbo (discounting 28th Apr'12)
2 half hr candle closes > 34EMA @ 5199 will trigger a LONG Signal
(ii) If we include the Saturday session , 5-10HrEMA Bull-xover is in place &
SMO SAR hrly = 5195 (will give a change in dy/dx of 5hrEMA)
Lifo-Fibbo (including 28th Apr'12)
Price is already trading > 34EMA @ 5201,
Along with SMO SAR Hr TA --> Has already TRIGGERED LONG trade on hrly with SL : 20 pts
IN EITHER CASE ,
For BULLS: As Long as we Trade > 5199-5201 (34EMA,30mins)
hour TA favours LONGs. Tgts : 5256 / 5283
For BEARS: If we go below 5199 intraday on 30min candles, one can look @ shorts
Tgts: 5183 / 5146
Coming to business ...
CMP : 5209
Chartnexus does not have data updated for Saturday's session (28th Apr'12), so we will take the help of Goo-fin & the SMO SAR LPFt today.
SMO SAR VERDICT:
SMO SAR EOD = 5209
1. 5DEMA again is @ cross-roads.
(i) If we take EOD data only upto 27th Apr'12, Slope of 5DEMA is -ve
(ii) If we take EOD data upto 28th Apr'12, Slope of 5DEMA is ZERO (Flat)
In either case , SMO SAR EOD is static @ 5209
2. Hour TA is a Different story (thanks to the 2 hrs session on Saturday)
(i) If we discount the Saturday session , 5EMA has turned UP &
SMO SAR Hrly (guess wot) = 5209 (will give the BuLL x-over)!!
Lifo-Fibbo (discounting 28th Apr'12)
2 half hr candle closes > 34EMA @ 5199 will trigger a LONG Signal
(ii) If we include the Saturday session , 5-10HrEMA Bull-xover is in place &
SMO SAR hrly = 5195 (will give a change in dy/dx of 5hrEMA)
Lifo-Fibbo (including 28th Apr'12)
Price is already trading > 34EMA @ 5201,
Along with SMO SAR Hr TA --> Has already TRIGGERED LONG trade on hrly with SL : 20 pts
IN EITHER CASE ,
For BULLS: As Long as we Trade > 5199-5201 (34EMA,30mins)
hour TA favours LONGs. Tgts : 5256 / 5283
For BEARS: If we go below 5199 intraday on 30min candles, one can look @ shorts
Tgts: 5183 / 5146
Dear Shriram,
ReplyDeleteI have very deep respect and gratitude for people who have respect for their parents and understand their feelings.
I find one in you, hats off to you.
Keep ur good work going.
It's always the parents blessings that make a person. They are the the shape of God in real world.
Keep respecting your parents and God will always be with you.
Regards and Pranam to your parents,
Dear ShriRam ji,
ReplyDeleteCongrats to you on your century post and pay my regards to your parents.
Regards
Suraj
Dear Shriram,
ReplyDelete"Parent's are our Visible God's and God is our invisible Parent."
Regards
Jayant Singh
Hi SMO..
ReplyDeleteWish you to cross many more Hundreds...
Regards,
Saravanan
@ All ,
ReplyDeleteThanks v much for ur kind words.
Special mention to SJKolkata & Jayant: Many congratulations to u for ur thoughts ! Purity of thought & gratitude to parents, is the no.1 requirement to lead a simple, blissful & successful life. Thier blessings & goodwill gives the son, the power to overcome obstacles, no matter how big they may seem
best wishes
shri ji, congrats for your 100th post and more importantly for dedicating it to your parents. pl convey my regards to them.
ReplyDelete