Some target calculations based on Futures prices.
The EW possibility for the coming days.
This chart below is for educational purpose and it was fairly easy to follow.
One day's price move has reversed the TA totally. However, tomorrow's close will have some bearing on the weekly TA.
6 comments:
hi,
removing comments as administrator feels things getting disturbed.
I'm whole heartedly sorry for wasting everyone's time & hurting. bye.
regards
Cloudless
hi cloudless,
time heals everything. Its just the circumstance that ignites misunderstandings, and misunderstandings that fuel and blaze an expression & debate into quarrel.
I am sure you meant well. And others too meant well. Plz be with us. Everything wil be okay in time.
:)
with regards
Moh
Dear ilango,
Congrats. Day by day Your Blog is getting fantastic response. Your comments, technical guidance and the liberty to pass a comment which you give to every visitor, participant are the keys behind this. Now, may I come to the point? O.K. Today market again prove that every thing is possible here because unexpected is always expected here. Tomorrow again there will be litmus test for bulls. This time it looks like that bulls are going to pass it out. It will go beyond 5180 and 5120 to 5130 zone might play critical role. But after a long week end the real test shall start from Monday. Modest rollover up to expiry will be healthy for up move but a high or low rollover shall be again threat for the market.Let us wait for the results.with regards..........
Hi Illangoji, Please give me your guidelines for the data from your excel sheet, please refer. DATA:D sheet, with in the you have mention 5d-%K and 14d-%K, what is this,?, Is it this is (SCO) Stochastic values for 4 days and 14 days respective, Please give your guide... thanks, Anandan.R
Hi..Cloudless,
I have gone thru' enough for a seven life times in one life to truly understand the value of each moment here. Hence, let us just focus on the job at hand here and nothing else matters. Everyone slips once a while but if we can quickly brush aside the "slip" and move on, life will be like "free flowing stream" and not a stagnant pond.With so much happening all around, this moment is all that matters when we can create something beautiful, heal any wounds and feel better.
Hi..Mynac,
Technically it has turned up. If Nifty stays above the week high ema, we need to worry about nothing. Below that, choppiness possible but still within an uptrend.
I am eager to know the OI changes during this rollover period as you have correctly mentioned.
Hi..Anandan,
5d-K% and 14d-K% are the stochastics value which is completely different from SCO. Let me just emphasise a fact here: Oscillators are okay as long as the markets are orderly which is not the case most of the time. SO give the oscillators only that much importance that they deserve. They are one of many considerations before you arrive at your trading decision but they should never be the "one" to decide your trading decision.
I will come out with a write up on this fascinating "Stochastics".
Illango sir,
Do we have a rounding top in place in weekly charts?
Simple Charts
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