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...
64 comments:
@all,
Nifty should fall to 5030 now...
could anyone help me with Rajagopal sir's blog address........?
Sir, as it is very difficult to enter values in
the tech table for 5-minute data, which online
chart do You use to see positive/negative divergence
Opening value?
@ Prashant,
I download 5 min data at regular intervals and paste in my excel file to see divergences..
Otherwise, you can monitor them at
(Link is there under "Live markets to watch")
http://nsetracker.blogspot.com/
@sethu,
Just saying my view points, rather than being right....as a good trader, we should concentrate on being profitable.
@ Prashant,
Open: 5047.00
Dear Ilango,
I am with no positions as yet today. Can I go Long in Nifty at 5015 (Futures) or wait for Nifty Spot to come between 5015-20. Current discount is of 20 points.
Also, what cld be the SL? for such a Long?
Thanks in advance.
Sir, is nifty making reverse H&S pattern in 1 hour chart?
Sir,
how much down fall you expect as 9Hrsi and 14Hrsi has turned down...
because yesterday i shorted nifty @5010 NS..
plz advice..
Ilango Sir,
I missed the Long entry, Could you advise me best
value to enter Long, SL and target approximately.
Mahes
Hai everyone
NIFTY HOUR CHART TRIANGLE UPDATE
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-hourly-chart-channel-and-triangle.html
thank you
Good morning ilango and everyone.
I am posting the SUZLON CHART(DAILY) HERE.
http://financeandtradingmadeeasy.blogspot.com/2010/05/chart-suzlon-symmetrical-triangle.html
thank you
@ Bhope,
As short term is "Overbought" and @ resistances, sell was suggested for intraday. ORB too has confirmed it.
However, the day trend is firm. But the prices are far away from supports & averages.
The first support is @ 5007 - day High ema & 5015-5020 -the earlier resistance.
Thanks Ilango. i got confident with your suggestion to short at double top of Nifty.
Sir
Govt will consider presfential allotement of GAS to ADAG group of companies, if Mukash grup buy stake in ADAG group companies and vice versa- source PMO office -says in a news flash-note
Don't have any positions in any of the group company
Bala
@all,
According to me, one can go long here for the target 5080 and 5100 with sl of 5010
llangoo sir and all blog friends ... GM TO ALL.... WATCH OUT 4988 IN FUTURE JUNE EXPRI CLOS
Sir
Good morning everybody.
I bought wipro june futures at 632.05 and 630.05 on 25/5. I part booked wipro yesterday but rebought them when it fell in the evening. Now still holding. Placed sell order at 677.95 and 679.95.
Thanks a lot Ilango for that advise. I missed the Short. It becomes increasingly difficult to sit wait once you miss an opportunity. I have taken a Long at 5007 (Futures) with SL 4985 (Futures).
@rm
Congratulations and all the best for newly given responsibility
above link specially for you..reply to OoT comment at leisure
Hope you will enjoy it
@Sharda Saheb
am I right in my analysis?...you said triangles have better probability in short term
Critical comments awaited....reply when ever you are free
Please be a little gentle with the punch
@ Rahul.K. Jamkar,
I am glad you spotted the "inverse H&S pattern" in the "PreMarket Hour chart.
It is in the making - if so, it could come down upto 4950.(approx)
illango sir pls help me with Rajagopal sir's blog address
some blogmate told me Link is given below the Label "Technical Analysis" on the top right corner of this blog...
but i ended up downloading an excel file...coudnt find any blog address there
Reversed the trade with SL of yestarday's high 5016.
@all,
with SL 5010, I mean spot nifty and not future nifty..
Thanks sir
anuj
Hi mok..
Did you want to say something nasty?...stopped with just my name and censored the rest?
he he....:))
How are you?
anuj :)
you do not deserve such flomboyance ... :)
@ risk trader,
Mr.Rajagopal does not have a blog and "this blog" is as much his blog as many who have embraced it.
sorry my mistake sir
Ilango - Thank you. It is an honour and great pleasure.
===
Sethu : 100% spot on - you were the first one among us to talk +ve move. Kudos. Your language does not sound "trumpeting" at all. It is appealing. We do emphasise the reaching of our targets to instill confidence in new comers to TA based trading. To that extent anyone will buy our posts.
Again Thanks for sharing knowledge and salutes.
@ sir, wellput.
@ RG, well said
:)
Hi Anuj - hi hi mok.
Has RV's week end started early.
Sethu : 4950...buying... Does it imply ok to hold existing LONGS and fresh ones can be added at 4950 if it comes?
Hi Ilango,can you please take a look at my question.
==================================================
How did the tech table signify a buy on May 26th?
Is it when we moved above the Hr-high EMA?Also would it have been
advisable to go long then since we never had any other confirmation
of a bottom being put in place?
==================================================
@rajagopal sir,
I had asked a question abt ur BTST calls. I apologize if I didnt make it clear. When do you usually make these calls ? In this forum ?
Thanks
gd
// "this blog" is as much his blog as many who have embraced it //
true..it gives immense pleasure to interact at JN.. it’s always a better feel than our own blog posting.. :)
Dear All!
Nifty has shown great momentum in last three days, now we should focus upon buying with strict stop loss. I bought Nifty @4796 on 25.05.2010, bcoz Mr.ILango gave a strong channel support area between 4780-4810 last week. I don't remember the date of his chart but i was having an eagle eye on those levels. I bought bcoz Nifty made a hammer on that day at 30 minutes chart in last hour. I just want to say here, that so many people were eyeing for that level but most of the people forgot to buy due to fear bcoz Dow future was 200 points down at that time. I want to share my experience with all of u that have a close eye on levels, trade with full conviction, not with fear and don't be sad if stop loss hits bcoz it saves ur capital & give opportunity to re-enter again. If ur stop loss selection is correct then definately it will save more than ur minor loss. Due to Mr.ILango's tech table one can trade smoothly in systematic manner but with full alertness on screen. Thank you MR.ILango for giving marvellous input selflessly.
GD : Always here. These are not CALLS per se. These are the direction and price band indicated by Tech readings at 2.55 pm and EOD. What is available at 2.55 is put up - summary. The complete one is published in this blog between 6.30-7.30 pm by Sir, Me and Sundar. One big advantage of referring to these TA files is that the makers are prime-users. They reap the benefit and suffer the faults. Wish many of our friends use it.
This is no advertisement - since it is purely for self use and we share with all friends.
@anuj bhaiya,
i not ur critic dear
hi i've been a silent visitor to this wonderful blog and learning a lot.
RG has described it well,
assortz, my thoughts too.
Hai everyone
Hourly chart with Fibonacci levels. Look how the 61.8% level comes into play time and again.
http://niftychartsandpatterns.blogspot.com/2010/05/magic-of-fibo-levels-in-nifty-hourly.html
thank you
Hi Anuj,
But we can create a good portfolio in a bear market for very good returns.
For example: if you invest in RIL, will it double in 2-5 years? If yes, then the we will get the yield/profit of 100% from current level Rs.1000 to Rs.2000. please note already it is trading near its high.
At the same time if you invested in Suzlon at current it will double, triple and .... . Let say, if it reaches the 2008 high price of Rs.424, just imagine the returns and calculate the percentage of profits. Definitely it will go beyond the 2008 high.
PS: Traders please go to some other counter for trade and this script is not for you. For long-term investors who have excess money apart from their regular expenses please invest in this counter as SIP method for 1-2 year.
If you bought 120 shares per month, then 1200 share per year at Avg cost Rs.70 and the total invested amount should be around Rs.84000. When ever you see the script price is more than 100% of your Avg. price is just sell the 50% share and keep the balance for as free share for Long term.
Around 2016, if the avg. cost of share is 70, then you will get (taken 2008 high price only) 424. So 600*424=Rs.2,54,400
If you hold all the shares for a time period then 1200*424=Rs.5,08,800
Comments on this are welcome.
Sorry illango I took more space.
@all,
Acc. to me , nifty is gathering momentum to reach 5100. I momentum is good, we might reach 5200 in next week after some obvious profit booking.
@all,
I cosider this correction good for a bigger upmove.
@ GG,
Tech. table is read along with other considerations such as divergences, oversold, overbought, Elliott wave completion possibility, etc.
On 26th during market hours, it was discussed about going long if closes above low ema @ 4872 and also emphasised that "a close above 4915" woyld be more preferred.
These emas actually reflect the strength & weaknesses of demand and supply and they are quite indicative.
You just need to follow it up for few days to realise their utility. If not convinced, find the one that suits your style.
If Michael Jackson is to comment:
"Hi Ankur babe - you sound f.....g sweeeeeeeet same song the other chic sang y'day"
RG,
rocking ... ;)
caught the greenbox above proper ... :)
on 26th !
@RAJAGOPAL,
:) Just writing what's coming to my mind...
double bottom in nifty - 5 min chart. Long ideas intraday ?
gd
hi Illango sir,
I've been a follower of this wonderful blog... great analysis and great people here ... learning a lot from all..
Thanks
teejay
Dear Ilango,
I booked my Intra Long at 5020... with small profit.
I am very confused about what to do now. There are many opinions tossed around.
Some ppl say 4950 may come and go Long there. So do we short around 5045 (spot) R1? or patiently wait for 4950?
Please suggest on how to tackle such a situation.
One more thing - +ve div in RSI also.
gd
@golfdude,
RSI and SS divergence is positive against a double bottom for a NIFTY spot..
Hai everyone
Nifty's new range in 5 minutes chart.
http://niftychartsandpatterns.blogspot.com/2010/05/niftys-5-minutes-range-break-out-trade.html
thank you
Hi Friends,
Can you please give your levels to Ilango sir. If it certifies, then sir will post with your name in the comments. Because it's really confusing the levels posting by the other's apart from Ilango Sir.
Thanks
Hari
i am with HariArani in this point
sometimes i think lucky that Green Box possibility
:)
@Sharda Saheb
You are the sharpest person here ,very swiftly you can point out
the missing link in any analysis.You are the first one to point a divergence as well
and ask Ilango for confirmation.It will be my pleasure to seek your
opinion.Needless to say that you are extremely hard working person as well
NEW POST DONE.
HA : You can see the amount of levels given. It will increase the load on Sir. Take these as views of experience, validate against Sir's then decide. Or look only for the Green Light. Sir will become a post box if he has to do it your way. Already he is a green one...I mean the red one.
Plus people like me track only individual counters.
===
FIIs WHO BOUGHT 4200 - 4300 JUNE PUTS 2 DAYS BACK....HAD BOUGHT SAME QTY NIFTY JUNE 5000 CALLS YESTERDAY MORNING.....MARKET INFO
Firengi confused???
RG, you make me keep switching my view...
nowadays i have started looking for mostly the greenbox and zoom in.
next i look for the eye, arrows, the smilingface, theFlowingHead, theStarWar, things like that.
i am becoming RM swan
Hi Ilango - i am a big(though silent so far) follower of your tech table.It has really changed my trading style.
The question was to see if there was a new concept in reading the low-EMA and high-EMA.
I want to thank you for sharing so much of your
knowledge.
Now that I have gotten over my posting inhibitions, I hope to make some meaningful
contribution to this forum.
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