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Saturday, June 11, 2016

Nifty NeoWave :Time Frame 5 Days Cycle Charts


Carrying on lessons learnt from

http://lalitlk-lalit-lk.blogspot.in/2016/06/nifty-neowave-time-frame-75-minute.html

I have used the procedure to obtain a Time Frame 5 Days Cycle . But, why 5 DC ? Well it is my observations that TF 75 Minute is better than a Hourly & 5 Days Cycle is better than a weekly ; arising out of holidays a typical week varies duration-wise but a 5 Days Cycle is based on OHLC data from NSE site & of uniform duration.


A NeoWave chart



Detailed chart (with suggested within 55 candles) one after another. 






Analysis of these charts would attempted . In the meanwhile, looking forward to constructive critisism .



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