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... -
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...
70 comments:
A small part booking here and resell higher for intraday.
Can somebody give me the correct Nifty Future low at 10.00?
Ilango,
As per your premarket view the current fall is the 4th wave and we may have a 5th up targetting 5080-5120 odd. But if Nifty falls to around 5040 by 11 AM,the hourly chart would definitely turn weak and in my view wemay target 4950 again..
Would appreciate comments
GK
anju,
I have recently come to know about www.volumedigger.com. For real time data I use myquote from there. still not viewed yesterday's post in Marketcall regarding realtime data.
@ viren
5059.1 NF
Thanks Manu.
ilango sir
you write something in pre market view but you always follow opening range breakout rules.
what is the use of writing these wave counts on both sides.today you wrote trend will give profits.why you are not on long side.after observing from 1 month you are only following orb range except all trash.forgive me if i hurt you.these are my serious observations from your trading by the way i am CA and works for well known firm.
@Viren
5070.00
@ viren
sorry nf close at 10 is 5061.5
viren,
5053.10 is the low for nf
@ uk rai
frm whr u gt 5070 of NF?
sorry it is NS
hi..GK,
The supposed "1st wave top is 4992" and hence this supposed "4th" may end around 5025-5040 to keep that scenario working.
Dear Ilango Sir,
You told "resell at higher level for intraday". Please give higher level.
Thanks
viren,
Its my mistake
its 5062.35 as shown in trade tiger
Sir
u didnt uploaded files for stocks(unitech) 2dy..
frm whr i cn get them..
Thanks Ilango for a prompt reply.
GK
thanks anuj sir
hi..Skanda,
The larger trend "Day & week" are currently up.
"ORB" is used for intraday only.
You have absolutely no manners in expressing your views.
Don't belittle the "Sharing of views" here.
Satheesh I responded, in the prev. post.
skanda sr:
Sir,
Ilango is too matured to feel hurt. This site converted me into a TA base trader. Your critical view is because either you have decided to be critical or skimmed the surface of the technical analysis.
No offense meant. Kindly go through the analysis in detail - there are conservative,aggressive suggestions viz a viz hourly,day and positional trading strategies and options.
Any one can be critical (Gavaskar and Sachin have critics) - You can also be criticised - if you are a good CA people will be working for you instread of your working for "Well known firm" !!!
ilango sir
i expressed my observations here.don't tell me about manners you and rajagopal are same here.why game behind woods sir.you are following orb everyday other than that all trash.
i was not near the comp when short view of sir came. what was the level at which short call came?
Ilango sir, One request, Can you post the day chart with wave count from last mar 09 low till date? I am still getting confused with wave counts!!! Do it at leisure even after market hours. I shall remind you again after market hours.
hi..manu,
I had some problems uploading many file. It was done by 9.30PM last night.
http://www.4shared.com/file/233544174/26b50d25/01Unitech-TA.html
Nifty and BN are both within value and buyer/ sellers are rotating price at POC.
Market is balanced at the moment.But larger participants are sitting on the sidelines watching the moves unfold.
We may see larger price movement in the afternoon session.
Hi Skanda..
Sorry to say.. Mr.Ilango's posting purely Technical data, I am not sure how you take it..
Can you pl.send me your email Id to MY email ID..
I will explain bit more..: thanks..
anadnan.r ( anandan777@gmail.com ).
ilango sir
i posted my serious observations here.you are following orb only and other ew and ta are trash.don't tell me about manners you and rajagopal are same here.why game behind woods sir
except orb rules you are nothing
Ok..Skanda sr..
Welcome to the "Trash can".
Naangallellaam Kuppaiyileyirundu komedhagam yeddukkuromada...Mandu.
Skanda sr - Thanks. I take it as a great Honour. Being Ilango - or even his shadow.
======================
Rajagopal is a fellow member of the institute living at Chennai. Ilango is an hard-core experienced market man in Bangalore. These are no split personalities.
Still - understand what is given in detail.
Thanks Viren I read your post
ilango sir
i am a new comer here but you are doing great job.
skanda mind your language when you are in to other's home
skanda sr
u could hv put that as a doubt rather then just critizising.
if u dont like Ilango's TA then dont visit here.
we all getting benifited here so stop just critizising.i also had such doubts so what i did was asked him abt him method.
u can definatly hv ur own view on levels & EW but being rude is a big NO.
skanda sr.
lets assume u r right. ask urself pls- what brings u to this blog evevrday. u'll continuing visiting this blog after this observation also. its my challenge
Skanda Sir:
Since your a CA and working in a well known firm i would request you to read the Jesse Livermore Quote in the side bar.
"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do."
"That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money."
@skanda
The point here is, you can ask what ever you want. But they way you ask is important. If this blog doesn't suits you.. leave it. For people whom its working will stay. Your argument will impact others. Just keep that in mind and post your view
Mr. Skanda,
Sorry to say, but you have come right out of a comic book. If you are not happy with Mr. Ilango's views, just stay away. Nobody is forcing you to follow this blog. But you have no business to pass funny comments here.
Hello Mr Skanda,
Please dont spoil the good environment here. If u dont like.......then just run away from here...
Ilango Sir, Rajagopal sonna pole if mandu is a good CA, people will be working for mandu instead of working for a "Well known firm" !!!"
Hi guys..
See the specific of my suggestion send out by mail.. & see the current status ..
Infosys,Hindlco,TCS,MUL,JPAsst,TATAMotors,L/T, HCLtech, IDEA, Wipro, TATA Steel, ( all down now..),
See UP side scrips suggested few day before.. DLF,TTML,RNRL,MLL.Rcom.etc..all showing green even market down..
that is call specific suggestions.
If you fall on the right side on the right scrips.. Yes. You can be a winner..
Anandan.R
Skanda,
Maybe it may not have worked for you...But don't label it as trash.There are many methods to trade, just as there are many methods to arrive at P&L sheets.
You wouldn't like your methodology of working to be called "trash" by your colleagues/ bosses.
If you are not in agreement, there may be something else you will like, if you moveon.I also do not follow EW, but I am still here on the blog.I like the environment and happy to be a part of the group.
...And there is always something to learn, no matter where you are.
Dear all, My suggestion is not to take such comments seriously. If Mr. skanda is not getting benefitted let him choose not to be so. Let all of us follow what we want. It is not neccessary to prove ourselves to each tom dick and harry. We will concentrate on our work.
Ilango sir,
kalakiteenga......
"Naangallellaam Kuppaiyileyirundu komedhagam yeddukkuromada...Mandu."
- yenaku ithuku artham theriyume
avara neenga "Mandu" sonnathu romba nalla iruku.. nejama sollanum na athu romba nagareegamana varthaii
nandri,
Arun
hi..Prabhakar,
Higher level could be around 5075(+/-) and keep 5085 or 5090 as SL.
@Skanda
Pre market views....two scenarios are generally given ...which may happen...and tells you the range for the day...but at that time we dont know where the market will open...
After open he analyze as per orb...which tells how the market participants react to opening prices....
@all
I think some days back somebody mentioned(I think it was Bala)....that we should day trade as per Conservative trade direction...so conservative trade direction is UP...we buy during intraday as well....skipping short call for the day (that will give you less trade for the day and probably less whipsaws and less commission...less profits as well)...you might spend whole day sitting out in this case...Only experienced traders like rajagopal can be consistent with shorts and longs intraday...
Cheers
PS ....Thank god I didnt pursue CA and became a student of history!!!
Come on Guys,
Why do we all need to jump (we all know how good this blog is) and say something, let Ilango handle it and keep our concentration on the market.
regards,
Sunil
I am getting profits slowly here after so many (paid/unpaid) analysts.
Dear Ilango ji
Good morning. your answer to mandu is simply superb.
Thanks
A Story from Panchatantra:
==========================
In the forest, on a huge tree with many branches lived a bird in its nest. In the same tree on a lower branch lived a monkey. The bird used to pity the monkey who got drenched in rains and bothered by the hot sun. It told the monkey to make a home to live many times. Monkey just ignored. On a very heavy rainy day, the monkey was badly drenched and caught a cold. The bird was upset. It asked the monkey "don't you have any sense?Can't you build your nest for protection?
Monkey went up the branch where the bird's nest was. It tore the nest and threw it down saying "I am a monkey. I don't know how to build a nest - but I know how to destroy one".
Moral of the story "Never advise an arrogant person".
Arun..
Adhu romba chellama sollarudu.
I can only pity the "Helpless" and try to help the "trying to get up & wanting to move up" kind.
Hi! Mr.Babu,
I think Sir is busy. Morning I asked one clarification. If you are free, is it possible to give the answer.
Thanks.
I just saw the stats of this blog and i was surprised to see the average number of visitors is 3108 per day. and the average page views is about 7821.
And the Ranking for this blog in india is 17,498 which is quite high.
I DON'T UNDERSTAND HOW A "TRASH CAN" can become so popular.
Those who enetered Axis Bank can book out here at 1131.5.
Those who want to hold can hold for 1120 with SL at 1140.
Dear Friends,
We will throw 'mandu' in to trash.
“Attitude is a little thing that makes a big difference.”
Winston Churchill
Illango Sir,
“Smile when it hurts most.”
I beg to every one to stop posting on skanda comments and fill up the blog usable space.. Illango is not having a placard for people to join and be here..
regards
prakash
@Anuj
I mentioned Trade as per conservative trade. coz @Prabhakar mentioned that he keeps hitting stop loses. i mentioned to him only.
Ilango sir,
"Adhu romba chellama sollarudu."
- seri thalavia naan chumma joke ku sonnen
Prabhakar sir,
I think Ilango sir replied back to your query at 10:52am with this answer - "Higher level could be around 5075(+/-) and keep 5085 or 5090 as SL."
sorry If I am wrong on this
concentarte on your work.stop seeking attention from ilango sir.out of orb and ta file he is providing nothing.with out orb rules ilango is zero.
tom,dick and harry ask yourself what is the truth.
commentators are pulling me here to visit this page like anandan,viren,anuj
@Prabhakar,
i don't think it will hit Stop& Reverse. coz i am in long in Nifty and Unitech for the fast few days :). But you are right at that level you need to short ( conservative). This level is only for today, he may change tomorrow.Keep observing Ilango messages
@skanda
point taken..even if it is orb still u r gaining some knowledge here..
if u hav better TA or Ew analysis ..
post here..will be appreciated with good humour..
it is matter of selfless service ..nw c if u cn do that..
regards
sir conservative trade start just by divergences. now none of the divergences r working and u r not looking at them also. what is the mystry sir???
ppl skanda sr is just trying to get attention here.
Ilango by gving those files & ORB just guiding ppl he is not telling ppl to trade with that method only.
skanda sr doesnt hv ne work thatsy tring to do time here.
so this is my last relpy to him.
Skanda sir, whatever be it ORB, EW TA MP etc, etc, when it is working why bother about it? If you are not for this then just leave it. As far as trading is concerned disciplined approach is the most important. Why bother which discipline is chosen. If you have a better way and method post it and prove you are worthy rather than throwing stones at others. please allow us to work in peace.
Cleaned up the trash can.
= = = = = = = = =
NEW POST DONE.
= = = = = = = ==
hi skandaaaa
u r wrong here. mr.ilango is good teacher for us he is give superb teaching us if u r not good advantage form here from him plz live this room i think u r good only "CA" so carry forward yr work in yr " well known firm "
cheerssssssss,
Dear Anandan,
All your Sell Calls are rocking. Infosys, in particular. Great.
Somes times we need Skanda type. coz it shows strength of this blog:) i mean to say how many people are making money and learning. ORB, EW,TA,MP etc etc are for me !@$%@#^%#%^#. But still i am making not good money... very very good money. In my life of this blog, only last conservative trade i made less that is around 80 points. all other are far better than this points
any one plz tell me is there any free version amibroker
People are finding blogs as trash and still they are following it for last one month and even comment on posts. And try to prove their profile by asserting out their designation. Would like to say those inferiors, that first try to appreciate others works to get recognized, then try to be a wise critic. And as far as Mr. Ilango's blog is concerned, in my knowledge, he is having one of the largest numbers of followers in any Indian stock market blogs/journals, and getting 100s of comments in his each posts. And I am sure this is only because MOST of them are making profit from his views/studies/help. Performance speaks in this market. Nothing else. Let the work talk for you.
My best wishes to Ilango sir, we are glad to get you. Thank you sir.
s kandasamy,
tell me 1 person who bought nifty around 4680 on feb 8, added more at 4740 on feb 17 and some more at 4840 on feb 25 and sold yesterday at 5000+ for good profits. In addition, nifty was shorted from 5150 onwards in jan.
u r accusing this person as having no knowledge in TA. i am sorry, but in CA u have not learnt enugh. u copied exams or bribed someboy?
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