Wednesday, November 16, 2011

NIFTY POLYGON UPDATE 16.11.2011

This is update of Nifty Polygon Chart(28.10.2011).The break of the polygon will mark down trend for Nifty.
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3 comments:

  1. SandeepNovember 17, 2011 at 8:02 AM

    Sir,
    I m following Hrly Nifty using ADX. As per the last EW counts 4th started, so ADX will show the trading range signal and later -DM crossover will indicate the 5th wave. Crossover thereafter will indicate beginning of 'A' wave, HERE we sud cover-up the shorts. Please correct!!!

    Thanks

    ReplyDelete
  2. SandeepNovember 17, 2011 at 8:27 AM

    Sir,

    the weaker ADX line (yellow in ur chart), will indicate 5th wave. Thanx

    Regards

    ReplyDelete
  3. Gann School of TradingNovember 17, 2011 at 9:34 AM

    Hi San,
    The wave structure of wave 3 complete is yet to be proved.Also the yellow line is the momentum indicator and green(+DI) and red(-DI).

    Regards

    K B Raut

    ReplyDelete

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