Applying Technical Analysis


posted by mayurs on Sun Feb 17, 2013 10:46 am

#61

Unable to attach charts.....When I am posting the mails, I can see the charts; but after post the content, I cannot see the charts. Do not what is the problem.......Mayur

posted by Bhavesh on Sun Feb 17, 2013 08:13 pm

#62

sir please upload charts by clicking image button as shown in below image

posted by mayurs on Mon Feb 18, 2013 05:10 am

#63

posted by mayurs on Tue Feb 26, 2013 06:57 pm

#64

Nifty is at the first Fibonacci support zone of 5,738-5,770 (see chart attached) and below this support we have supports at 5,664-5,669 and 5,543-5,572.

The Fibonacci Time Clusters are between 11th. March and 15th. March. suggesting that there is some more steam left in the decline.

Mayur Shah  

posted by srikar on Tue Feb 26, 2013 10:04 pm

#65

mayur sir fibo time cluster is superb ........

regards

srikar

posted by mayurs on Wed Feb 27, 2013 06:30 am

#66

Thanks Srikar. The Fibonacci Time cycles suggest that an important bottom will be formed between the 11th. and 15th. March. We will wait and see how and where the indices are making a bottom. Usually where the Time and Price clusters match is the place where we will see a change in trend........Mayur

posted by ajit on Wed Feb 27, 2013 09:00 am

#67

thanks sir posting fibbo time cycle

AJIT

posted by mayurs on Thu Feb 28, 2013 06:57 am

#68

Yesterday's rise from the Fibonacci support cluster will result in the indices test the neckline of the Head and Shoulder pattern possibly today. The neckline of the Head and Shoulder pattern is usually tested before the indices continue their original trend.


Bullish scenerio (1): Only if the indices are able to stay above this neckline and than cross the intermediate uptrend targets of 5,971 for the nifty and 19,743 for the sensex, the intermediate trend will change.


Bullish scenerio (2): The other possibility could be the indices test the neckline and than make a higher minor bottom in the coming week before breaking above the neckline. This will result in the failure of the Head and Shoulder pattern and start an intermediate uptrend. If this happens, it will mean that the major uptrend is still intact.


Bearish scenerio: On the other hand, if the indices fail to stay past the neckline, the bears will again take over, once they see that the bulls are unable to take the indices higher. 


Thus we have a nice fight between the bulls and the bears in the coming week before we get to know who wins........


Take a step back and be on the side of the winner after this fight ends.


Mayur 

posted by mayurs on Fri Mar 08, 2013 06:25 pm

#69

A few weeks back I has indicated that Fibonacci time cycles clusters are falling between 11th. March and 15th. March.


The new chart suggest that we have a clusters between 12th. March and 15th. March.


Nifty is currently at the resistance zone between 5,940-5,952. Staying above 5,952, we could see nifty heading towards the 78.6% retracement of 6,016.


Above this level, a strong cluster of resistance is at 6,080 (see chart attached). 


Thus, we have these resistance zones and a cluster of time cycles coming up. Usually when Fibonacci resistance and time cycle clusters meet, we have an important reversal. As we are going into this time zone with an upward bias, we could see a reversal on the downside.


Mayur 

posted by sanjay on Fri Mar 08, 2013 08:20 pm

#70

Thanks Mayur bhai , U have been very informative...

posted by ajit on Fri Mar 08, 2013 08:23 pm

#71

mayur g thnaks to post time cycle reversal chart with cluster

posted by mayurs on Sat Mar 09, 2013 06:39 am

#72

Thanks Sanjay and Ajit for the interest in my work.......Just for your information, the recent bottom in nifty was at the support cluster of  5,66-5,669 amd nifty spot made a low of 5,663.60......Mayur

posted by mayurs on Thu Mar 14, 2013 06:45 pm

#73

The indices have made a higher minor bottom indicating that the intermediate trend is up and the nifty will soon test its earlier minor top of 5,971.20 and has a very good possibly move of moving past this level.


Closing above 5,971.20 will confirm an intermediate uptrend. 


The resistance clusters after 5,971.20 is crossed are at 6,015-6,020, 6,080-6,099 (see chart attached). Staying above January highs of 6,112 will take the nifty towards the next Fibonacci resistance clusters of 6,233-6,262. 


Mayur 

posted by srikar on Thu Mar 14, 2013 11:17 pm

#74

thank you mayur sir

posted by mayurs on Tue Apr 09, 2013 06:48 pm

#75

Nifty spot broke below the important support zone of 5,612-5,625 and we witnessed a sharp decline towards the small Symmetry support of 5,487.

Below this support, Nifty spot is headed towards the first support cluster of 5,438-5,447. Below this cluster of supports we have a support zone at 5,409-5,413 (see chart attached).

With FII's turning sellers in the last week, the current intermediate downtrend has more legs and rallies are short lived like what we saw today.

Below the support of 5,409-5,413 we have supports at lower levels as marked in the chart

.

Mayur   

posted by mayurs on Fri Nov 22, 2013 08:50 am

#76

_SECTION_BEGIN("Fantail Variable MA");

// Bemac June 2006 \\\\

// Fantail@ Variable MA's \}

// Modified by Vimal jvimalraj@gmail.com

// Parameters

ADXPr= Param ("ADX Period", 8, 2, 21, 1);

VarMAPr= Param ("Var MA Period", 4, 2, 55, 1);

Refh= ParamField("High", 1) ;

Refl= ParamField("Low", 2) ;

Refc= ParamField("Close", 3) ;

ADXtype= ParamToggle( "ADX Type", "Typical|Custom", 1 );

ShowKeyMAs= ParamToggle("Show Key MAs", "No|Yes", 1) ;

HideAllMAs= ParamToggle("Hide All MAs", "No|Yes", 0) ;

SLMAp= Param("SL MA Period", 22, 1, 200) ;

GapMAp= Param("Gap MA Period", 34, 1, 200) ;

TrendMAp= Param("Trend MA Period", 100, 1, 200) ;

VarMAColor= ParamColor("Var MA Color", colorWhite);

SLMAColor= ParamColor("SL MA Color", colorYellow);

TrendMAColor= ParamColor("Trend MA Color", ColorRGB(255,0,255));

GapMAColor= ParamColor("Gap MA Color", colorBrightGreen);

HueStart= Param("Hue Start", 0, 0, 255, 1) ;

HueEnd= Param("Hue End", 200, 0, 255, 1) ;

israinbow= ParamToggle("Rainbow", "No|Yes", 1) ;

MAclr= ParamColor("MA Color", colorGrey50);

Layer= Param("Layer", -1, -5, 5, 1) ;

///initialization

TH = TL = 0;

//{Calculate Wilders Average Directional Index [ADX] }

TH = IIf( Ref( Refc,-1 ) > Refh, Ref( Refc,-1 ), Refh );

TL = IIf( Ref( Refc,-1 ) < Refl, Ref( Refc,-1 ), Refl );

TR = TH - TL;

//    {--------------TH, TL and TR calculations end here }

PlusDM = IIf( Refh > Ref(Refh ,-1) AND Refl >= Ref(Refl ,-1) , Refh -Ref(Refh ,-1), IIf(Refh > Ref(Refh ,-1) AND Refl < Ref(Refl ,-1) AND Refh - Ref(Refh ,-1) > Ref(Refl ,-1) - Refl, Refh - Ref(Refh ,-1) ,0));

PlusDI= 100 * Wilders(PlusDM,ADXPr) / Wilders(Tr,ADXPr);

MinusDM = IIf(Refl < Ref(Refl ,-1) AND Refh <= Ref(Refh ,-1), Ref(Refl ,-1) - Refl , IIf(Refh > Ref(Refh ,-1) AND Refl < Ref(Refl,-1) AND Refh - Ref(Refh ,-1) < Ref(Refl ,-1) - Refl , Ref(Refl ,-1) - Refl ,0));

MinusDI = 100 * Wilders(MinusDM,ADXPr) / Wilders(Tr,ADXPr);

//  {--------------calculations of PlusDI, PlusDm, Minus DM and Minus DI ends here

DIDif = abs(PlusDI - MinusDI);

DISum = PlusDI + MinusDI;

ADXFinal= 100 * Wilders(DIDif/DISum,ADXPr);

ADXRCustom= (ADXFinal + Ref(ADXFinal,1-ADXPr)) / 2;

_ADX = IIf( ADXtype == 0, ADXFinal, ADXRCustom);

// {Calculate a Variable Moving Average using method devised by Tushar Chande}

Barnum = BarCount;

EmaIndex = IIf(VarMAPr > 0 ,(2 / (1+VarMAPr)) ,0.20);

Diff = HHV(_ADX, ADXPr) - LLV(_ADX, ADXPr);

MyConst = IIf(Diff > 0,(_ADX - LLV(_ADX,ADXPr)) / Diff, EmaIndex);

MyConst = IIf(MyConst > EmaIndex, EmaIndex, MyConst);

VarMA = IIf(Barnum < ADXPr + (ADXPr * 1.5), Refc ,AMA(Refc, MyConst));

//{Calculte Stoploss & Trend Moving Average}

SLMA = EMA( VarMA, SLMAp );

TrendMA = EMA( VarMA, TrendMAp );

GapMA = EMA( VarMA, GapMAp );

HueDiff = (HueEnd - HueStart)/ TrendMAp ;

//{Calculte Multiple MA's of the Variable Moving Average}

tempMA = Null;

for (i = 2 ; i < TrendMAp ; i += 2) {

if ( i >= SLMAp AND i <= GapMAp ) continue;

tempMA = EMA(VarMA, i);

VarSet( "Rainbow"+i, tempMA );

}

SetChartOptions(0,chartShowArrows|chartShowDates);

Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 

if (ShowKeyMAs) {

Plot(VarMA, "Var MA", VarMAColor, styleLine | styleThick, Null, Null, Null, 1) ;

Plot(SLMA, "SL MA", SLMAColor, styleLine, Null, Null, Null, 1) ;

Plot(TrendMA, "Trend MA", TrendMAColor, styleLine, Null, Null, Null, 1) ;

Plot(GapMA, "Gap MA", GapMAColor, styleLine, Null, Null, Null, 1) ;

}

if (NOT HideAllMAs) {

for (i = 2 ; i < TrendMAp ; i+=2) {

if ( i >= SLMAp AND i <= GapMAp ) continue;

if (israinbow)Clr = ColorBlend( ColorHSB(i*HueDiff, 128, 255), GetChartBkColor(), 0.6 );

else Clr = MAclr ;

Plot( VarGet( "Rainbow"+i), "", Clr, styleNoLabel, Null, Null, Null, Layer ) ;

}

}

Chg = Ref(C,-1);

_N(Title = EncodeColor(colorYellow) + "{{NAME}}" + "    {{INTERVAL}}" + "    {{DATE}}" + 

EncodeColor(colorWhite) + "\nOpen: " + WriteVal(O, format=1.2) + "    High: " + WriteVal(H, format=1.2) + "    Low: " +  WriteVal(L, format=1.2) + "    Close: " + WriteIf(C> Chg, EncodeColor(colorBrightGreen), EncodeColor(colorRed)) + WriteVal(C, format=1.2) +

EncodeColor(colorWhite) + "    Change: " + WriteIf(C> Chg, EncodeColor(colorBrightGreen), EncodeColor(colorRed))+ WriteVal(ROC(C, 1), format=1.2) + "%" + EncodeColor(colorWhite)+ "    Volume: " + WriteVal(V, 1)  

);

_SECTION_BEGIN("Magnified Market Price");

FS=Param("Font Size",30,30,100,1);

GfxSelectFont("Arial", FS, 900, italic = False, underline = False, True );

GfxSetBkMode( colorOrange );

GfxSetTextColor( ParamColor("Color",colorYellow) );

//Hor=Param("Horizontal Position",800,800,800,800);

Hor=Param("Horizontal Position",20,20,500,20);

Ver=Param("Vertical Position",50,50,250,50);

GfxTextOut(""+C,Hor , Ver );

YC=TimeFrameGetPrice("C",inDaily,-1);

DD=Prec(C-YC,2);

xx=Prec((DD/YC)*100,2);

GfxSelectFont("Arial", 12, 700, italic = False, underline = False, True );

GfxSetBkMode( colorWhite );

GfxSetTextColor(ParamColor("Color",colorYellow) );

GfxTextOut(""+DD+" ("+xx+"%)", Hor+5, Ver+45 );

_SECTION_END(); 

posted by mayurs on Fri Nov 22, 2013 08:55 am

#77

Hi Friends,

I have just posted the AFL of the Very Simple and Excellent indicator - FANTAIL VMA. In case you want to learn more about this indicator, I will discuss on its use on coming Sunday at the Chennai Technical Session.

Mayur

posted by mayurs on Mon Nov 25, 2013 06:05 pm

#78

Bank Nifty witnessed a change in trend on the 15 mins. chart after a Gap up open. 

Next we witnessed a small Pull Back (ICON trade) looking similar to a small Laddering trade. 

Check the 5 mins. chart for the trigger as I had discussed yesterday at the Seminar.

posted by sanjay on Mon Nov 25, 2013 08:33 pm

#79

Mayur Bhai excelent indicator u showed,,,, Np members traded live as per ur guidence today...Hats off Sir !!!

posted by mayurs on Mon Nov 25, 2013 09:15 pm

#80

Thanks Sanjabhai..........All thanks to Walters for this indicator. Hope it will useful to all of us in conjunctions with the tools we use.....ALL THE BEST........Mayur



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