Renko, Supertrend & Aroon all given bearish signal Short

Nifty 50 IndexNSE

Description

⋅ Mar 5, 2018 4:58 AM

NSE:NIFTY seams to be in bearish phase on Renko hourly charts. 3-4 indicators suggesting a bearish trend.
1. Renko hourly charts changing direction & colour.
2. Supertrend bearish Signal
3. Renko bearish indicator crossing up the bullish one.
4. EMA10 crossing above Renko bars.

Take a sell postion till the trend changes. I will update about trend change.

Trade active

⋅ Mar 6, 2018 6:44 AM

Kindly maintain your sell position

Trade active

⋅ Mar 6, 2018 10:08 AM

Patience is paying well. Nifty reversed and falling further

Trade closed manually

⋅ Mar 8, 2018 5:29 AM

Closing position at 10174....gained almost 190 points (1.9%)....Seems 10170 is strong resistance.

Comments

SreenivasuluGoudMalisetty

⋅ Oct 28, 2019 9:56 AM

How to find list of stocks which are crossed Supertrend indicator on RENKO charts? what is the formula

bhamve

⋅ Mar 9, 2018 11:16 AM

what are the box values you use? can i use 5/10 minutes atr which will be better for nifty

akshay1808

⋅ Mar 9, 2018 7:25 PM

@bhamve, 1 hour duration....

akshay1808

⋅ Mar 7, 2018 4:17 AM

'BUY' signal not yet appeared, so continuing with the current short position. Unfortunately, you will not see updates in above charts as 'Load new bar' functionality doesn't work on 'Renko bar Charts'. I am trying to post the chart as a Pic in comment section. Do you know how to post Chart Pic in comment section?