Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...

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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...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
28 comments:
I guess intraday trades are not advisable today as markets may make both up and down movements and settle flat!
Sir & family
GM
did ur sl hit yestrdy n unitch boss:(
query ws tht in stocks u trade in cash market or f&o?
ur target fr unitech intra scares me ..
Good Morning ilango sir and other blogmates
-arpit
gm to all
sir,
was the conservative trade closed yesterday
Piyush,
the levels mentioned for initiating the trade did not come.
Arun - closed c/f long (12pts) and Short initiated. (since below pivot and VAL).Tgt S1 and SL R1.
Ha ha ha
Very Good Morning to all.
Heard - Avoid Sugar and Tea for next few sessions.
thanks for replay manojag sir, i thought it was to reverse at 5160 ( i missed it) then levels didnt come so i initiated conservative long after positive divergence and bounce yesterday above the levels.
based on ur clarificateion exited conservative long
Dear Sir,
can we initiate the short in sesagoa
plase advice me
GM seniors and friends and the great mentor,ilango sir.
rajgopal sir,avoid sugar and tea for next few sessions means??longs or shorts?
kind regards....
vicky....
Dear Rajagopal Sir,
CAN U GIVE ME YOUR VIEWS ON HINDALCO UPTO MY KNOWLEDGE ITS IS A RECENT HIGH
@Manu,
The levels mentioned are "Cash market" but trading is in F&O.
Unitech has maintained the 20sma @ 73.00 so far.
Trading above 5239(POC) gives it strength upto VAH 5256...this could be the minor "v"th wave..
@ Manoj..agree.
Bought at 5242 Target 5280 SL 5232
Gm all
I don't think that we should expect sudden weakness. Though the resistance of 5280 is quite tough, once we cross that it will be a quick upside. Moreover, majority of the nifty heavyweights like reliance, Bharti, Rcom, icici, Axis etc. have been consolidating for a long time, once they start moving, it will be a big upmove. Exiting positional longs may not be the right strategy.
i expect 5300 today.
rajagopal sir,
Vanga vanga vanthuteenga la innume kalakkal thann
- Arun
heavy buying in 5200 put
Nifty firm @ 5239NF (POC)
prashant sir,
if this advise was for me than thanks. u may be right market may touch 5300. but next support is 5150. probably thats why sir must not have suggested long. the set up is not in favor.
if i dont trade based on rules. i start trading on hope and then i blow up. so i feel i shud enter a dip else let the opportunity pass by
Small Trader (You must be a big trader so pls don't take me seriously).
Hindalco is doing well being in the Metal strom. It reached OB yesterday but in healthy bull zone in weekly values with good +ve divergence. Further upside is possible thought you are right that it is crossing recent peaks.
Sure short candidate once the market wind changes.
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Sugar - Broker's SMS to avoid taking long positions. (which means the stock will go us?)
A close above 5244NS would put Nifty above Hour High ema @ 10.00AM.
Hi Ilango - Did u see the email on Gann Dates?
Very interesting stuff...
For the benefit of others.. post is up @
When2buy.blogspot.com
Seems like upmove's gona last till the first week of April..and bottom 1st week of May
GM all respected blogmates and Illango ji
sir pl. advise any trade to initiate please.....very confused today,,,,
Thanx in advance
regards
vikram
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NEW POST DONE
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rajagopal sir,
Thanks for your explaination.
@ilango sir and all
very good morning...
@rajagopal
how are you man? hope u ve seen my comments yesterday night.
@gautam,
if gann reading is so easy, then everybody will be great traders...there is one important astro happening around March 21, sun is entering in to aries as per western system which gann considered as start of fresh season...i leave here for your guessing...
sri
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