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...
69 comments:
Sir & family
Gm..
Is this 9 rsi ..amazing
14 rsi is not so clear
RNRL, 50-70 in two days, but still no correction. Something is cooking...is there any indication technically on RNRL...?
@wealth,
2 cents.
RNRL = what a crazy chart. Maybe wait for 50DMA to be broken 69.2 before going long. Lot of resistance at 69-72 area also.
-- gd
Wealth creator RNRL seems to be punters fav and since the brothers have reconciled you may see any levels in the stock. regards.
thanks buddy.....
RNRL - Pls be careful. It cud ba a well laid trap. 34.90L OI reduced y'day with raise in price. Cud be unwinding of Shorts, but why no build up with price raise ? Even if OI increases today, it cud be Short build up rather than fresh longs. It will be be innocents who will enter at these levels. Just personal opinion.
Sorry to be late today.
Today's range: 5150-5240. Close: 5170+/-20.
Watch out DLF.
Reliance shook up a sluggish market... Can it go higher in anticipation of tomorrow's AGM?
@paresh..........
brother how many times u have seen ur ranges working.....i haven't seen even once......
i hope u be self checking urself at end of the day......i am asking this bcs such
msg put great influence on whatever reading.....
dont mind.....will be gud for u too if u self judge....
regards
sir
hidden divergenc vanishing in this pullback,
might be that color of this one is different
well said, rinku,
i agree with u
but once earlier when i raised the same issue with him, he turned anguish
it ACTUALLY influences somebody's trade, who is reading
no personal offence paresh , actually
same objection i had raised when IITIAN continually gave the levels of 4200-4300 for MAY series and then 4800-4700 levels day before yesterday
and then 3 days earlier somebody requested i lango sir also to attend the same issue
Rajagopal u ar too good analyst. Develop the team as well. Requesting you to share your data management techniques and formula / macros. sandyorg123@gmail.com
14 h rsi has given a classic textbook style
top failure swing and a sell too
Good morning sir & friends.
"5235" is day's Pivot and the intra charts are "overbought" again.
@rajagopal.. thanks for your views. I would be very cautious
papa(ril) moving
WC - ADAG backers are taking money from gullibles. We can make smart money by going Short at appropriate time. I don't trade too many SHORTS. But just tagging these few.
Bought 5400 put @ 175 SL 170 Target 200
The hourly falling channel has resistnace @5236-37
hourly fast macd negative divergence persists
slow macd pointing downwards
hourly stochastics headed down
9-day rsi pointing down
Daily stochastics in overbought zone and signalling down
Can all these indicators bring 5210/5190?
@Rajagopal
Shall I buy RIL at 1074.
I think 2marow RIL AGM will give some support to RIL.
Please guide me.
Big news 100% sure Satyam scam Icici BANK FRAUDED Rs3000 crore in ADR in U.S market big U.S stock broking company filed Rs1 billion dolalr suit Against icicibank and its U,S banking arm, big fall for icicibank in just 2 days even unexpected 20-30% fall as like satyam fall by last year , alert all your friends who holding icicibank stocks to liquidate big fall on cards both icici stock as well as NIFTY, be carefull . -confirmed big sources
rahulguj: news source big HEDGE FUND MANAGER desk-confirmed news, i dont know how the stock will react immly,untill whole word know the news. but news confirmed
Both Chart & TT updated.
somebody check , what the technicals of ICICI bank are suggesting, as per RAHUl-K news, please
thanks
regards
sryasdmurali : RIL 1076 is VIX target for the day. Acheived. Risky to go Long here - R-R ratio not favouring for me. If u r fond of it, wait for sub 1068 levels.
GM illango ji and Blogmates
@ Rinku & Rochak...you are 100% rite
regards
vikram
moved SL in nifty 3400 put bought @175 to cost
5400 put
looks like silent spectators have to act...
guys i'm holding ICICI bank..could any one clarify the news..i hav lost much on speculation dont want it again
Bhai log Beware of Rahul Gujrat.....he is know for these types of bogus newses .......after all HE IS SWAMI.....many people know this
.
RG,
Your thoughts on ICICI.
offcourse rahul is not swami, but two aspects for this news
1. it is true, ( cont be confirmed untill it is revealed )
2. may be, rahul and his clients are stucked in shorts, and wanna cover their shorts, which markets are not giving opportunity to do so
please react
thanks
regards
5220 seems to be the deciding point for the day
@rinku@rochak@vikram
ok but u cn ignore my posts as u knw its nt wrkng :)
actually once i enter a trade, i never look bak. Same with my comments :D
now yesterdays hi and low of 5255 and 5215 becomes critical,nifty may remain choppy in this range +/-10 points for most part of the day
waiting for europe markets to open to get some clues,asian markets are flattest of flat
Big news 100% sure Satyam scam Icici BANK FRAUDED Rs3000 crore in ADR in U.S market big)..FRNDS ,,just tell me one thing did any one gave the satyam news in advance.....None...so news which cums in advance , normally are false news
courtsey :jassiji on vfm chatroom
@Paresh
if your calls not working, best way to handle this is, trade against to your calls :)
@paresh
u must agree then, if influence somebody s trade
and moreover
u never give any valid reasoning behind that
Manoj :
Today's VIX target is 891.97 on upper side-reached 890.60. Y'day stock has moved with 100%+ volumes of 5 and 14d avg. Remember the stock is showing +ve bias when BN itself is struggling. FMACD had -ve divergence, must have corrected with the day low.
Technically not bloated for Short. Uptrend in tact.
@Rajagopal
Thanks for reply.
reliance industries would also deciding factor for nifty's direction for today. It's a big daddy of index. i am keeping a very close eye on RIL. I am short on rnrl and bought nifty PE 5300@ 94., Ril call 1100@7
RG,
Thanks.Looks strong against falling markets.
hi all,
Quiet day so far ... I wonder if it'll be stormy on friday.
Ilangoji,
I am getting a confusion here as I can see the value of 9 RSI in the hourly chart as 59 till now, but it is showing as below 20 in the chart given by you. Also, it just fell straight even when Nifty went straight up. It could be a lack of understanding on my part or some error of the software. But I am confused totally. Please check it.
TA of Icici bank:
38% retracement for the fall from 1010 to 813 comes @ 888 & 50 % @ 912.
Weekly High ema is 895 (Now). A close above this tomorrow will bring momentum.
Daily High ema is 872(today). A close below this short term weakness.
It is nearing or @ "OB" in the short term.
@paresh
no body can ignore anyone's comment on this blog atleast.....
u may be having enormous money so u dont look back ......
but there are many here who need to look back otherwise they wont be able to look anywhere........:).....pls for them take a bit care.....
gud to seeing u replying back when ur ranges are looking to be working....
Hi Everybody!
I checked Icicibank chart & as of now its not showing any weakness. Its strong resistance area is between 900-907 so exit long or go short there with stop loss of 910, bcoz above 910 it may get buying momentum. But as of now its not showing any weakness, simply overbought like market.
Rgrds,
KUMAR
@ Kumar,
You are right about "910" for Icici bank.
Before the fall to 813, it was taking support @ 910 on atleast 6 occasions spanning a period of 40 days. That should be a good resistance now.
exited 5400 put @182
@ Fire,
You can download the Nifty T.A (16) file to verify 9-rsi.
If there is time correction with shallow price correction, it may fall sharply to 20 without price weakness.
9rsi takes into a/c the last 9 periods of gains and losses. If a big gain is exiting 9 period ago without a corresponding gain, it may fall sharply...that is time correction.
"5235" pivot is cleared.
Dear Ilango sir!
Thanx a lot for giving me confidence by ur confirmation on ICICI BANK analysis.
Rgrds,
KUMAR
If it crosses 5245, longs are safe to trade another day.:)
Hi Everybody!
Icicibank is making big Head & sholder formation on daily charts which neck is @ 907, so above 907 H&S pattern will be failed so then it may go anywhere but 900-907 looks very good for shorting.
Rgrds,
KUMAR
9 RSI falled sharply to OS zone and at 12 it has moved back sharply.
is it safe to buy nifty at current levels please advise
@illango sir,
Thanks for your views on euro, USD index...will watch it closely that way...
NEW POST DONE.
9-rsi is still below the falling line. Yet to give a "Buy". Will update.
@paresh,
You shouldn't take the comments personally, or let your philosophy of never looking back stop you from improving.
Just let it guide you to writing down your daily comment range and actual market range - you might find you'll grow very proficient with that reality check.:)
@ anil
if possible share the views on EUR/USD by sir as
i trade EUR/USD
thnx KK
today ril and nifty moving opposite direction. When nifty moving down, ril was up and now vice-versa.
Ilangoji,
Thanks a lot for clearing some of my mistaken ideas.
@kumar
kindly give yr mail id
i dont know at what limit
i have posted news about icici (got fr rahul gujral)
is right
but i have confirm with one sources
fr icici
that his vice presidant M/R nimish shah is
in USA
to sort OUT the problem of icici
MAY BE I AM WRONG ------------
seeeeeeeeee myyyyyyyyyyyyy newssssssssssssssss
hello gautam, our DATING boy
kindly mention how does somebody get invited to ur blog
thanks
regards
some negative news is expected in financials
all financial stocks cum banking stocks are losing their gains
ifci, karur vyasya bank, andhra bank, dhan bank, indian bank, uco bank, icici bank, federal bank, axis bank, power finance, sbin, pnb , oracle finance, bank of india, bob, syndicate bank, canara bank, union bank, idfc, corporation bank, rel cap, central bank, lic housing finance
ALL IN RED
Hi,
These are baseless rumours about ICICI Bank. We request you to not pay heed to them and also not spread them further http://p1n.in/emr
Regards,
ICICI Bank Customer Service Team
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