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...
59 comments:
Big volume in Reliance- 1128 to 1140.
Ilango sir if we try a short here wht sud be our sl?
Thanks a lot ilango sir.
okay sir. The "iii" rd wave being a motive wave should be marked as 5 waves only. Only the corrective waves are to be marked as 3 waves a,b,c. am I right sir?
Please post the chart with wavecounts at your leisure sir. I shall wait
Short time. -ve div RSI.
gd
Ilango sir,
have entered longs@5375 as VAH 5370 was holding for 2 hours..planning to close the long around 5400 and initiate short at same level..hope am in track
@ manu and saravanan,
Thanks for asking me. But as Ilango sir pointed out my counts are not correct. So it might mislead you analysis.
@Ilango sir,
few days back a guy named Gautam Bajaj ,posted some link of Nifty dates & corelation with Gann charts(from his blog-http://when2buy.blogspot.com/)dated 18/3/10
"Chart 2
Start - Jan 06 ' 2010 (Nifty at it's highest 5310)
90 Degree occurs on Apr 07 '2010 (5350 / 5450?)
180 Degree occurs on Jul 07 '2010 (could be at it's lowest)"
check it out ,today's APR 07'2010.Interesting???
20 point move in reliance in 20 minutes all on good volume.
Any news in the counter?
yes..aarvee9,
Yes, He has calculated a 90 degree - a high @ 5350-5450 for April.07, 2010.
And it is @ 5400.
@ arv
gautam helped me a lot on amibroker..he s a nice chap..
@sir
gautam is also blessed with a beautiful daughter..3 months:)
@Ilango sir,
your "critic's "choice Rcom has hit 180+
@ bizagra,
Keep a 15+ the high as a SL.
@ assortz,
It looks like the right thing to do..some cooling off required..
Viren,
If Rajagopal sir was there then he would have had the breaking news!!! :) :)
@manu
ya i remember his discussions here and that time we were just starting MP study.
hope u are enjoying smooth ride on unitech and suzlon.u can up your trailing s/l to yesterday's low ema value on closing basis for them.
@ aarvee,
You did an elaborate analysis of that one stock.
Very commendable. I truly envy your meticulousness.
All I could add besides my good wishes is "Stay always focused on this business and grounded". Whenever you find excitement, temper it with some caution. Patiently waiting for such "Set-ups" gives you phenomenal returns.
Then, you can afford to play the market like the established actors(Aamir khan..)..Choose only the good trades.
@rv9
thn plz gv m fr both and tisco as difficult 2 opn excel on a mobile..
thnx
@Ilango sir,
Nifty & trin moving in same direction (upward)....does that mean nifty may fall in coming days?
@Ilango sir,
God has been great along with great mentors like u whose company and guidance allow us to groom and bloom.no words to thank u.will always require your good wishes and timely advice in all matters.
did u say "envy".?????????????.
@manu-
low 5 ema values of yesterday EOD that can be the trailing s/l on closing basis.
1.unitech-74.25
2.suzlon-72.70
3.tatasteel-650.5
Yes Mr.RV, apart from sir, people like you really enrich “novice’ like us..thanks for your efforts and sharing knowledge..can you pls provide link or even the date of your posting on “RCOM” which caused “envy” :)
I really need to learn from that article..
sir bajaj hind still not able to sirpass 141 what is your view now thanx
= = == = = == = = ==
RajaGopal pointed out "Rolta" an hour ago. It has shot up quite sharply.
= = == = == = == = =
rv u deserve a big congrats now.
rv9
thnx
@piyush pa ji
did u bought amrutanjan way back on kadiyali reco..
@ manni,
I do not follow "Trin method". Someone else may be able to confirm that to you.
@ Gaurav,
Follow up volume action is eluding still in BajajHindustan. Will post if any new developments
@assotZ
like u i am still a "novice" and a student of this blog.will ever remain student of the market,have none of the qualities to enrich or guide anyone,just post my analysis for sir's kind approval.
link is in sir's other blog"stockwealth"-http://wealthinnifty.blogspot.com/2010/04/trading-investment-opportunities_05.html
= = = == = = = == = = == = = =
The long tailed candle that is being formed at 1.00PM looks more like a "Sell off" , especially after "Volume based rise".
= = == = = == = = = == = = = =
what does that means = = = == = = = == = = == = = =
The long tailed candle that is being formed at 1.00PM looks more like a "Sell off" , especially after "Volume based rise".
= = == = = == = = = == = = = =
sir
Good afternoon illango ji and blogmates
sorry today i m very late...not traded anything today
can u please suggest any
regards
vikram
@manu
i have never even visited kadiyali blog and after feedback frm u dont plan to visit it.
Ilango sir, any level to book shorts as u gave this correction can be sideways.
@manu typo
i dont plan to visit it
Illango sir
what is the level of buy ...it seems the correction for the day is over
i am holding 2 puts
regards
vikram
Ilango sir,
Thanks for Timely alert..mkt lost 20-25 points in a quick time..squared the longs @cost price and entered shorts.. can we take the meaning for “sell off” as at least 50 points
Range 5361-5397 still holding.
Above 5373, downside will be over.
@ gaurav,
"Candle stick Analysis"....will cover it later.
Hello All.
Please keep an eye on IDEA. (Some got an idea for it).
Rajeev Varma - Thanks.
Piyush - No nice time. Very frustrating. Only patiience is holding me back from blowing out.
Viren,
I hope our values i.e, 5361-5397 are in future and not spot.. in that case, we have just touched 5355 after 1.00 pm if am correct..could you pls recheck and confirm
Assortz,
Yes it is fut.
5355-5398 is high-low of the day so far.
I may be wrong, we may see more downside.
Huge profit booking happened in frontline stocks. Good for the bulls.
= = = = = = == = = = = = =
5364 is the "Day High ema".
A close below it will confirm the correction.
= = = = == = = = = = == =
Viren,
After Ilango sir’s long tailed candle comment, we are breaching briefly VAL -5360 couple of times and bouncing back..so, eyes on VAL now + your recent 5373 level..to decide the further trade…
back to the road towards 5450.
NF +ve div in RSI.
Assortz,
It's Purely MP...I blogged about it yesterday.
I want to see some more aggression from sellers...so far he has just been responsive to prices near 5400.He has to take initiative and the first step will be price sustaining below VAL.
Till then buyers will drift it upwards.
RG
The famous Doji has formed again in Nifty as well as Bank Nifty any close below Doji we shall see correction as per Richard Nison. Short in both SL yesterdays high.
Rgds.
arvind
Ilango sir, can we creat new shorts if we see closing below 5364? or this is for only which are created @ 5395?
Thanks
Seller must be covering.
Lazydude,
I'm still open to a sell below VAL and remember we are still below 5373.
Let's give him some more time.
OUR VIEW NIFTY IS WEAK HOLD YOUR SELL POSITION AND WAIT FOR DOWN SIDE BREAKOUT FROM 5360, SELL C/F CLOSE BELOW 5345 and hold till friday low.
Europe going redder.
yes..Rahul,
you are right about 7th April.. :)
Good contributions.
I have a different take on the long term EW.
Treating this 6357 to 2259(2539) as A wave and the "B" unfolding from 2539 onwards. Just concentrating on the "direction" part.
reliance (fut) has almost retraced that entire 20 point move.
Still can't figure that move or the volume.
Ilango said...
yes..Rahul,
you are right about 7th April.. :)
Good contributions.
I have a different take on the long term EW.
Treating this 6357 to 2259(2539) as A wave and the "B" unfolding from 2539 onwards. Just concentrating on the "direction" part.
===============================================
Ilango sir I started following this blog just a week ago....can you please elaborate your view about the C wave as per ur EW theory....or give a link where you have already mentioned this.
What is Rajagopal sir's 2.30 factor for wednesday?
= = = = = = == = = = = = = =
NEW POST DONE
= = == = = = == = = = = == =
Illango sir
can we try fresh long here.....its holding well now
please reply
Regards
Post a Comment