Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty Ichimoku Daily Chart Interpretation

29 sec read

Do you know why i am mad on Ichimoku Cloud Charts? Simply the above Nifty daily charts explains it in a very simple manner. Rules are simple Buy above the cloud and sell below the cloud and the trailing stop loss for any kind of trade is the cloud itself . Many of the readers getting confused with the color of the cloud. As I had added the colours just for the purpose of ambience look.

 
Nifty has broken the Past 8 trading days of consolidation between the Daily 5 EMA(High-Low) has been broken more recently this friday(9th July) and never let to fall below the 5 EMA low at any cost even below the ichmoku daily support zone 5166-5240 as shown above. Nifty is continuing its buy signal since breaking the cloud resistance 5000 on 10th June 2010.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “Nifty Ichimoku Daily Chart Interpretation”

  1. Please send me the Gann square calculator if you have and send me if any other softwares if you have .

    Thanks

    Navin

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