I have added a file by Happy Singhal for "All stocks & Indices"..Link provided at top right corner of the blog.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
43 comments:
GM to all..
I require 20 to 30 days of Unitech Hourly data. If anyone has it, please mail it to me (vanilango@gmail.com)
@Jay,
As per my EOD, I have marked 5175 - 5200 as the strong resistances and it could vary +/- 10-15 points.
@Rajagopal,
"The one in Five" finds it all amusing and says has seen it all in the 6-8 years in the web world...very tactful one..advises always and protects me..
@ Happy,
Must have spent "all night" upgrading the file.I am sure you show the same passion while playing the market..
Oscillators will help in identifying "OB/OS" only in a sideways market but fail in a trending market..
Good Luck to you and a very big "Thank you" from all of us.
Good Morning ilango sir and other blogmates
-arpit
sir and family
GM
sir ur critic named jay is the same person who u r responding above..just a query?(as i m more biased fr ur critics:))
and plz update unitech or gv lvls
@ happy
thnx
Today is the day to cross 5200!
@Manu,
The "Jay" above is not my critic..:)
My other critic is quite interested in Unitech..Good News for you and he has also decided to suggest some "Stocks" trading. Hence, I am looking for Unitech hourly values of last one month.
I have given the levels for Unitech which is quite "Oversold" and so too..Tata Steel.
@ Paresh,
May your "Toss" click today..!!
Good Morning Ilango sir and all
Happy Ugadhi!!!
75% chance is that nifty will close around 5080, bt as the markets are in surprising mood these days i hv to bet on 25% possibility.
Good Morning Mr.Ilango sir and all blog mates
sir and shiva prasad(for keepng unitech in radar)
thnx
GM Ilango & Mates
sir which oscillator have u used in 5 min????
Ilango Sir,
have sent you Unitech Hrly chart.
hope it is of use.
Regards,
Amit
Hi..Piyush Sharda,
It is the macd-12,26,9(sma)
= = = = = = = = = = = = = = = = = = ==
Bank Nifty may have completed a 5 wave down from 9230 and ripe for a bounce to 9100-9120.
= = = = = = = = == = = = = = = == = = =
thanks sir
hi..Amit,
Thank you for the charts.
I require the "Hour data" for last one month or 2 months.
Don't you think, that stock is ripe for a bounce..!!
sir
c Ril
and if BN completed 5th wave and a sell on rise candidate then sl?
Sir,
I thought u require Hourly Chart. I just misread it.
:)
@ Manu,
What I meant was it "seem" to have completed a "5 sub-waves" from 9230 to 9030 and "Oversold" now and ripe for a bounce.
The downside seem limited to 9020-9000. Keeping a SL there , one could go long for "Intraday only"..
ilango sir,
For BN, is it advisable to hold short for positional ?
-arpit
ILANGO,
GM,
RIL seems to have a inverted H & S pattern with the neckline at 1045 and a breakout with volumes should give it a target of 1120. What are your views? And as consequence Nifty could also target 5180 levels.
sorry sir
still a learner..missed ur words "Bank Nifty may have completed a 5 wave down from 9230 "
i thought the final 5th(as EW is diffcult fr a poor north indian brain)..dont track BN much but will do as it has always gvn me +
Ilango and Friends - Very happy,prosperous and peaceful New Year.
Ilango - God bless your "Protector" - nothing gives a greater feeling of 'security" than when protected by one with our wellness as the sole ulterior motive.
Happy - Great effort. Hearty congrats.
Dear Ilango sir-
Other aspect of UNITECH apart from all the TA ia that during rollover week it has got a big short build up beteen rs.68.5 to 72.5.
Last week some weaker hands covered it(approx 85 lacs).
There is also new addition of apprx 70lacs new long position last week between rs. 73.5 to rs.79.5
So,keeping a s/l of 72.5(rs.73 is last 5D support),closing basis,one may go long for target rs.79-82(bollinger band upper limit and 100dma)for this series.
pl. note that Unitech is making a pattern of falling wedge(bullish)in daily charts since october.
Mano - Already RIL buy calls are flying.
Manu - Luv to the Dolly
GM all
Lots of sellers in BN today.
@raja
same attack:)
u didnt share snaps of ur DD ths weekend..
Will do Manu.
Ilango
in previous post u hv written most bullish bank Nifty has confirmed sell signal
but in abv msg u hv written bank Nifty has finished 5 wavs down & should buy.
sir,
26,12, 9 macd sma means ( as per macd definition) 26 and 12 bar ema (12 bar ema- 26 bar ema) and 9 sma of the (12 bar ema - 26 bar ema).
sir is my understanding correct.
@learningEW,
"SELL Signal" appeared.
This "Buy" is on completion of a "5-waves" for intraday bounce trade.
It could go wrong if the waves extend. hence, SL is a must.
Anyone wanting to create positional shorts should wait for a bounce and do it.
@ Piyush,
Your understanding is correct.
goodmorning viren,
Todays difference between VAL and VAH is only 10 points. What is the method to trade such a small range? Should it be combined with yesterdays range?Does it indicate any change in trend? Can you give the inference? Very new to MP. please explain
Thanks Ilango, Raja & all blog mates..
Pls check and suggest any improvements / additions required in file.
I am planning to create the following trading method:-
1 MACD Divegence.
2 RSI OB OS
3 STOCH OB OS
4 NEAR TO WEEKLY SUPPORT OR RESISTANCE ZONE.
Will test this system.
On this basis i will select stocks to be visualised for chart patterns and EL wave countinG and then only trade in them accordingly.
Regards
satheeh,
Smaller range means that major participants are on the side-lines, and the day activity is driven bt intra players.This can also be verified by the range of 50 points in the Nifty in the past 1 week.
One should trade small in such markets, with good Sl and quick to take profits when they appear.The concept of VAL and VAH are the same regardless.
GM to ALL
Sir 5309-4675 76% retracement is 5159. 12th March high is 5157.95. If it moves up it may go up to 5309 or it will go down from 5158. 9 D RSI OB indicates it may fall. Is my understanding right sir?
@Manoj,
Your Observation on RIL is quite correct.
It could bring about the upmove if 5127(VAL) is held..
= = = = = = = = =
NEW POST DONE
= = = = = = = = =
Ilango
sorry but didnt understand.
i understood tha intra 5 down wave hv completed but what & how ca then sell signal appear.
Ilango sir, which of the two indicators, stochastics and RSI spots the change in trend faster? when I compared both i found that whenever 5D and RSI are almost of same vales either above 80 or below 20, the scrip moves exactly the way it should either down or up. But many times there is quite a differnce in both values. during those time which indicator is worth choosing? please explain whenever you are free.
ilango
i mean how can a sell singa come after 5 down as completed.
Thanks viren
@ Happy,
Yeah..Sharpen them till the clarity is "Crystal clear"..
@ U.K.Raj,
We should allow little "whipsaws" to the retracements. "OB" need not result in immediate sell except in a sideways market. In the daily time frame it is "Uptrend" but in Hour..it is sideways.
Now we await the price to confirm the reversal and trade light till then.
hi dear sir ilango,
now can i posotional sell bank nifty at this time or wair for bounce for sell ?
regards,
alpesh
No comments since 10.30 may be markets testing patience
Post a Comment