CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bull Zone :- Week: 16 September to 20 September: 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 20 Sept'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 20 Sept'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Aug' 2013, onward - as on 20 Sept'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• The two Takuri Weeks we had seen here and here - give the Bulls a third 'Green' Weekly candle #3.
• Last candle resembles a 'High Wave' #3.
• Volume for the last candle on the EOW was High.

Support & Resistance:

• 200 SMA on the EOD was the support the Bulls kept tenaciously above, early last week #5. 
• 5915, the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' #5 was the resistance the Bulls cracked in the second half of last week.
• Checkmate for first half of the week - as the Index remained between above levels. Break out in the second half of the week.

Moving Averages:

• EOD - 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• EOM - Index stays above the 13 SMA #1, but the 5 EMA and 13 SMA stay Bearishly Crossed - Bearish overhang remains.
• EOW - 5 EMA and 13 SMA cross Bullishly #3. 

Indicators:

• Indicator #2 on the Month charts show Bulls above the mid-point.
• STS approaches overbought #4.
• MACD above the zero line - Histogram tick down #6.

Wrap:
After persisting above the 200 SMA for two weeks, Index breaks into the Bull Zone (above the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high')..

Looking Forward into the next Week:

Patterns:

• The High Wave which appeared near the last peak (see post) produced a deep fall for the Bears .. a revision is good here, here or elsewhere.
• High volume Week with a High Wave candle helps bears.

Support & Resistance:

• Last week's EOD Chart showed the Bulls doing a Throw Back to the Channel Top - this week we see the followup move #5.
• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' (5915) is the new support for the Index #5.
• EOD channel top is the next resistance for Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5, keeps the Bulls under pressure. 
• Bear overhang of the Long Term #1, breaks with the 5 EMA and 13 SMA crossing Bullishly - magic number Bulls need to clear in Sept'13 is 6016.

 Indicators:

• MACD remaining above zero #6 - critical for Bulls to stay in the game.

Wrap:

Bears need to get below 5915 to get back in the game. Current Bull run gets stronger if Bulls go & live above 6016.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Checkmate :- Week: 09 September to 13 September: 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 13 Sept'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 13 Sept'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 13 Sept'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• The two Takuri Weeks we had seen here and here - give the Bulls another 'Green Weekly candle' #3.
• Volume for the up-move is uninspiring.

Support & Resistance:

• 200 SMA on the EOD was the support the Bulls kept tenaciously above, last week #5. 
• 5915, the 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' #5 was the resistance the Bulls could not close above, all last week.
• Checkmate for most of last week - as the Index remained between above levels.

Moving Averages:

• EOD - 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• EOM - Index closes above the 13 SMA #1, but the 5 EMA and 13 SMA stay Bearishly Crossed - Bearish overhang remains.
• EOW - 5 EMA and 13 SMA poised to deflect bearishly or cross Bullishly #3. 

Indicators:

• Indicator #2 on the Month charts show Bulls above the mid-point @ mid-month.
• STS #4 clears resistance.
• MACD above the zero line - Histogram tick down #6.

Wrap:
After running into the Takuri Line twice, Bulls clear the 50 SMA & 200 SMA...

Looking Forward into the next Week:

Patterns:

• The Double Takuri Line's effect #3 studied earlier (here and here) near end.

Support & Resistance:

• The EOD Chart shows the Bulls breaking out of the Day Channel. Throw Back to the Channel Top in Progress #5.
• The 76.4% Fibonacci retrace of the 'Jan'12 low to All time high' (5915) is the resistance the Bulls need to clear #5.
• 200 SMA on the EOD is the critical Support for Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5, keeps the Bulls under pressure. 
• 13 SMA and 5 EMA on the Medium Term #3 can see a Cross or deflection - Week Number to watch 5885. 
• Bear overhang of the Long Term #1, breaks with the 5 EMA and 13 SMA crossing Bullishly - magic number Bulls need to clear in Sept'13 is 6016.

 Indicators:

• MACD remaining above zero #6 - critical for Bulls to stay in the game.

Wrap:

Bears desperate to hold 5915. Current Bull run remains alive, above the 200 SMA. 

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Takuri Take Off :- Week: 02 September to 06 September: 2013.

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 30 06 Sept'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 06 Sept'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 06 Sept'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• The two Takuri Weeks we had seen here and here - give the Bulls a nice Take off #3.
• On the EOW #3, the 'High Wave' Candle we studied earlier, gave the Bears a massive 20% profit, from top to bottom of the fall.

Support & Resistance:

• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' stands again last week  #5.
• The 76.4% Fibonacci Retrace of the 2008 Low to the All time High #3 - supports the Weekly close again.
• 50 SMA on the EOD was the resistance the Bulls ran into last week #5 - after breaking through the previous EOD channel bottom.

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• 200 SMA on the Medium Term #3 - holds the Index in closing, for the third week running..
• 5 EMA and 13 SMA stay Bearishly Crossed #1, giving the Bears the Long Term Screen..
• On the EOD 5 EMA and 13 SMA cross Bullishly #5.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls attempting to return to the positive.
• STS #4 runs into resistance.

After running into the Takuri Line twice Bulls take off to the 50 SMA...

Looking Forward into the next Week:

Patterns:

• The Double Takuri Line's effect #3 studied earlier (here and here) still persists..

Support & Resistance:

• The new day channel shows the Bulls clearing the mid point. #5.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' remains support for the Bulls like in last week #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5, keeps the Bulls under pressure. 
• 200 SMA on the EOW - to be watched for failure.
• 13 SMA and 5 EMA on the Medium Term #3 next on watch list by the Bulls for a Cross.

 Indicators:

• STS remaining below its resistance line - critical for Bears to stay in the game.

Bears desperate to get below the 200 SMA on the EOW #3 after three consecutive failures. Bulls want life above the 200 SMA on the EOD #5. 

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 26 August to 30 August: 2013 - Takuri, Once More..

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 30 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 30 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 30 Aug'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied few weeks ago, gives the Bears another Takuri Week, after a volatile Month Close.

Support & Resistance:

• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' stands again last week  #5.
• Index after cracking the Day Channel and pulling back to its bottom #5 exactly last week - repeats performance this week too. 
• The 76.4% Fibonacci Retrace of the 2008 Low to the All time High #3 - supports the Weekly close again.

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• 200 SMA on the Medium Term #3 - holds the Index in closing, for the second week running..
• 5 EMA and 13 SMA cross bearishly #1, giving the Bears the Long Term Screen..

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line for the Month close.
• MACD Histograms diverge positive relative to price again,  MACD and its MA poised for a cross #6.
• STS #4 stays down after diving into the oversold after 18 odd months.

Bears ride the 'High Wave' #3 to a Death Cross #5, get a 700+ point fall and run into the Takuri Line twice...

Looking Forward into the next Week:

Patterns:

• Takuri Line #3 studied last week  is still on...

Support & Resistance:

• The day channel bottom #5 is again the resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' remains support for the Bulls like in last week #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5, keeps the Bulls under pressure. 
• 200 SMA on the EOW - to be watched for failure.
• 13 SMA and 5 EMA on the Short Term #5 seem to want a Bullish Cross.

 Indicators:

• STS remaining in the over-sold zone - critical for Bears to retain the Medium Term.

Bulls would love a Golden Cross #5 -  Bears hope to stay below the EOD Channel bottom #5.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 19 August to 23 August: 2013 - Takuri Time

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 23 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 23 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 23 Aug'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied few weeks ago, gives the Bears a Takuri Week after a long Bear Run.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - gave Bears support from July End..

Support & Resistance:

• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' stands last week  #5.
• Index cracks Day Channel and pulls back to its bottom #5 exactly. 

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• Index keeps above the important 200 SMA on the Week Charts #3.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line.
• MACD Histograms diverge positive relative to price,  MACD and its MA deflect last week #6.
• STS #4 stays down after diving into the oversold after 18 odd months.

Bears ride the 'High Wave' #3 to a Death Cross #5, get a 500 point fall and now face Takuri Times...

Looking Forward into the next Week:

Patterns:

• Takuri Line #3 worth a study here or elsewhere. 
• 'High Wave' Candle Pattern #3, studied 4 weeks ago still in play.

Support & Resistance:

• The day channel bottom #5 is now resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' remains support for the Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5 keeps the Bulls under pressure. 
• 13 SMA and 5 EMA on the Long Term #1 are currently Bearishly Crossed (Index below 5655) it can Bullishly Deflect if Index gets above 5655 for August.  
• 13 SMA and 5 EMA on the Short Term #5 Bearishly Deflected earlier - a Bullish Cross would be just the impetus for the Bulls to get back some ground.

Indicators:

• 'Trend Deviation' Indicator #2 could see the Index bounce of its center line for a new Bull run if the Bulls get to stay above it from August.

Bulls want life above 5655 and a Golden Cross -  Bears seek to close below the 34 EMA #1 and stay below the EOD Channel bottom #5.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 12 August to 16 August: 2013 - Death Cross Watch 3

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 16 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 16 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 16 Aug'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied few weeks ago, gives the Bears even more honey.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - gave Bears support from July End..

Support & Resistance:

• The 61.8% Fibonacci retrace of the 'Jan'12 low to All time high' fails again last week  #5.
• Index bounces off our Day Channel's bottom #5 exactly once more. 
• 5655 cleared by the Bulls until Friday last - retaken by Bears emphatically.

Moving Averages:

• 50 SMA and 200 SMA stay crossed bearishly in a Death Cross #5. 
• Index again takes support on the stable 34 EMA, on the Long Term Chart  #5.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line.
• MACD Histogram ticks up,  MACD and its MA look at meeting up #6.
• STS #4 dives into the oversold after 18 odd months.

Bears ride the 'High Wave' #3 to a Death Cross #5 and stay strong...

Looking Forward into the next Week:

Patterns:

• Combined effect of June's 'Hanging Man' Candle & May's Shooting Star on the EOM #1 help Bears get a fourth red week. 
• 'High Wave' Candle Pattern #3, studied 4 weeks ago still in play.

Support & Resistance:

• The 200 SMA #5 is now resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' is the next available support for the Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed #5 keeps the Bulls under pressure, as seen on Friday last.. 
• 13 SMA and 5 EMA on the Long Term #1 are currently Bearishly Crossed (Index below 5655) it can Bullishly Deflect if Index gets above 5655 for August.  
• 13 SMA and 5 EMA on the Short Term #5 Bearishly Deflected last Week - a Bullish Cross would be just the impetus for the Bulls to get back some ground.

Indicators:

• 'Trend Deviation' Indicator #2 could see the Index bounce of its center line for a new Bull run if the Bulls get to stay above it from August.

Bulls want life above 5655 and a Golden Cross -  Bears again wish to crack the 34 EMA #1 and the EOD Channel bottom #5.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 05 August to 08 August: 2013 - Death Cross Watch 2

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 08 Aug'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 08 Aug'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Apr' 2013, onward - as on 08 Aug'13

Learning from the Past Week: (click here for the previous post)

Patterns:

• On the Medium Term EOW #3, the 'High Wave' Candle studied 3 weeks ago, gives the Bears more cheer.
• June's 'Hanging Man' Candle & May's Shooting Star on the Long Term EOM #1 Charts - give the Bears much to cheer about. 

Support & Resistance:

• The 61.8% Fibonacci retrace of the 'Jan'12 low to All time high' cracks  #5.
• Index bounces off our Day Channel's bottom #5 exactly.

Moving Averages:

• 50 SMA and 200 SMA cross bearishly in a Death Cross #5 as anticipated last week. 
• Index takes support on the stable 34 EMA, on the Long Term Chart  #5.

Indicators:

• 'Trend Deviation' Indicator #2 on the long term charts show Bulls slipping below the center line.
• MACD Histogram ticks up #6.

Bears ride the 'High Wave' #3 to a Death Cross..

Looking Forward into the next Week:

Patterns:

• Combined effect of June's 'Hanging Man' Candle & May's Shooting Star on the EOM #1 help Bears get a third red week. 
• 'High Wave' Candle Pattern #3, studied 3 weeks ago still in play.

Support & Resistance:

• The 200 SMA #5 is now resistance - for the Bulls.
• The 50% Fibonacci retrace of the 'Jan'12 low to All time high' is the next available support for the Bulls #5.

Moving Averages:

• 200 SMA and 50 SMA on the Day Charts remaining Bearishly Crossed keeps the Bulls under pressure #5.. 
• 13 SMA and 5 EMA on the Long Term #1 are currently Bearishly Crossed (as its below 5655) it can Bullishly Deflect if Index gets above 5655 for August.  

Indicators:

• 'Trend Deviation' Indicator #2 could see the Index bounce of its center line for a new Bull run if the Bulls get to stay above it for August.

Bulls want life above 5655 and a golden Cross -  Bears wish to crack the 34 EMA #1 and the EOD Channel bottom #5.