This is the updated plot of the 10 day average of the high low range as a % of the close. The data is from 2010 to date. The current reading is now near the bottom and will soon start to reverse from here. Now the Cheetah is up again and ready to hunt! ;-)
4 comments:
resp sunilji what are the level from which nifty reverse and any stoploss,i have seen your photo.blog,nice pictures
what is stoploss for nifty,level to reverse nifty
the 13 period bollinger band lower level has been hit...that officially ends the correction today....we might see some down moves but i dont think we are going lower than 5180 in Nifty futres....building LONGS now
Doc, depending on how it opens today but I think around NF 5220 can be the stop for longs.
Correct on the direction Jonak - yesterday, the price rejection at lower levels gave a hint about a reversal.
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