This is 1 min intraday chart for nifty each bar is of 1 min time, though i should say i am quite new to this financial jungle of TA(Technical Analysis)still would like to share what i learned till now,I got compelled to do this as i have seen people trading blindly when asked they say TA is not affective but i would say rather than clamouring and wasting time its better to get some good points about TA.The above chart shows nifty and if u see ema crossover generated buy signal at 2930 then at 2960 comes an ihs(inverse head&shoulder) shown as (1) which makes sure we reach green arrow target after that further move can be followed by with a help of trendline and longs can cover profits as nifty broke that trendline again we went down and made another ihs(2) though not classic one which gives way for up move so the conclusion is TA works only thing is you should know how to use it , and that will come only when we use more of the organ between out ears. PS:-this edge is coz of live data trading if u serious about trading u need to play with live data no shortcuts cheers rish
as seimens breaches its support zone it has fallen like cards and this fall has come on volumes next major support is near 750 levels so keep an eye on this cheers rish
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