Tag Archives: Technical Analysis Blog

When charts is suggesting you everything!!!

Markets are closed and now I am seating in a peace and just going through my charts. Generally when markets are opened I don’t get much time to look at long term charts, there you try to find momentum and try to en-cash the available opportunity. By looking at few of the long term charts I get amazed by few simple observation, and thought how easy it is to make money in the market, but all that is in the hindsight, in reality when you have taken your position, generally all analysis is being put to the side and get attached with the position and plus-minus figure of your sheet. I was just imagining that should it this position would have kept I would have made lot of money.  Let me attach few charts to make my point clear.

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Nifty and Bank Nifty Technical Analysis for 23 Oct’13

Nifty as on 22 Oct’13– 6202.80 (-2.15)    Bank Nifty as on 22 Oct’13– 10809.10 (+11.50)

Technically speaking, there is no major change in prices of the indices. But last two sessions, very small real body creates skepticism amongst market players. Many factors indicates exhaustion of trend, but there is no confirmation yet, which is needed. Unless and until, we see some sharp price action, we cannot conclude that trend is over.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

Gold Technical Analysis from 23 Sept’13 Onwards

Gold Daily Chart

Gold Daily Chart

MCX Gold Daily Chart

MCX Gold Daily Chart

In last week there was lot of speculation and rumors were floating around Gold and for that matter for almost all Metals, that there was leakage of Information about Fed is not moving towards tapering, and insiders have used this opportunity to gain from this information. But unfortunately this information holds good only for one day, immediately on next day Gold Index gave small candle and turned lower in subsequent session. Let’s take a technical look. To read full report, just register here and get report in your mail box absolutely free. Click here to register Few Clarifications –

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