[click on the charts for bigger picture]
30 min and hourly nifty charts are shown in the above picture with both the 13-13 Wilders Moving Average Channel Offset trading system and Ichimoku Cloud Trading strategy. Almost all the charts are in sell mode.
It is recommended to follow any one strategy at any point of time and not to switch the strategy while you are in trade
1)Hourly Ichimoku Indicates a buy above 6054 and 30 min charts indicates a buy above 6019
2)Similarly 13-13 WMACOTS indicate a buy above 6075 and 30 min charts indicates a buy above 6049
Its not a buy and hold strategy. But a shorter timeframe strategy for 50-75 pts returns. One your targets got achieved its advisable to book profit before the next signal arrives .
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sandp says
October 31, 2010 at 1:22 pmSir, im using chartnexus. how to set 30 min chart and 1 hr chart in that.
and one more thing,im unable to download amibroker nse database from ur site.
thanks
Rajandran R says
October 31, 2010 at 4:27 pm@Sandip : Chart Nexus supports only EOD data.
Ratan says
October 31, 2010 at 6:47 pmHi,
Please upload latest NSE EOD data.