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...
45 comments:
@Manu paa ji,
sorry couldn't post Unitech chart.
was on family vaction on weekend.. a short trip to Nainital :)
my chartnexus is not working (asking for fresh version download) and 'Bazaartrend', where I used to see hour chart, is showing freaking quote of 400+ of Unitech.. so there also I couldn't work.
I am trying to get hourly chart of Unitech somewhere else.. will post it asap.
thanks
@sethu,
I see a rising wedge on ur chart. But I agree that a 5120 seems more probable now.
-- gd
ok..tota sir..enjoy ur trip
Dear Illango,
In your Nifty Future 5 minute chart - you have mentioned that negative divergence developing & yet to give to sell. I could see the negative divergence - But how to judge the sell - what are the parameters that will tell us (or) give sell signal- Please guide. I am in the learning process.
Regards,
Veer
@ Veer,
I have not removed " Yet to give a sell". It has given a sell when the macd triggered and when the price moved below 5166(12 ema of 5 minute time frame).
Nifty discount is gone!
@Elango Sir
Is it Mkt waiting for FTSE opening ?
Shall I buy Bank NIfty at 9480 spot.
@Elango sir
Bank nifty 9480 future. entry level
Nifty future support is at 5139 and thereafter 5089 and resistance at 5168/5191
Good afternoon sir
Can we sell nifty for intraday trade at 5165 now? If so, can I keep SL of 5205 or day high?
Dear Illango,
Thanks,
Regards,
Veer
Ilango sir, from where do you get nifty future 5-min values?
@ Govind,
The selling is on 5-minute time frame. SO trade accordingly, light...
@ Ganesh,
I download from my IBulls terminal.
Ilango sir, thanks. One more query is it is a standard practice to take (12,26,9) period for MACD. You are taking (12,26,18) as period. Any reason you take 18 as time period instead of 9 for signal line?
Thank you sir,
I shorted Bnk nifty at 9463 with SL 10 pt above day high. I felt Bank nifty is more weak than nifty.
@ Ganesh,
The usual trigger line is 9 sma but I found it to be too close. Hence, 18sma (Doubling it).
Ilango sir, thanks for sharing your knowledge.
sir,
the earlier day i asked the same thing .
got my answer (18 sma for signal) today
thanks
ilango sir i had short nifty at 5160 what tgt should i watch for
@ PS,
I remember now. And I even had 26 typed as 226.
@ Soha,
Take the small profits. Resell higher again for 5125 or lower.
llango sir...can i go short at ds level??
thanks sir
@ Mona,
These kind of sideways correction should be traded only if you have the correct levels to initiate a trade.
If Nifty bounces to 5160+, sell with a small SL.
Hai everyone
Raising wedge updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-raising-wedge-in-hour-chart.html
Thank you
@Manu sir,
updated unitech chart here..
http://tradingontechnicals.blogspot.com/2010/06/unitech.html
I couldn't find hourly chart, so posted Daily chart..
Thanks
k..thnx..llango..
thnx
tota mit
its rate senstive too..inflation high..
Sir,
Any body can tell about Bharathy Air tell.Any chart shwing any +/- news
It is buy and hold canditate @ this level ??
Thanks
Bala
hi sir has given views on telecom and sugar
jst chck before pre-nifty post..
hope u r long
@ Bala,
Bharti Airtel is showing +ve div in weekly. And it shows an ending diagonal possibility with a move towards the lows or new low and then it may reverse. If bought, hold with a Sl of 1% below the recent low.
Huge open intrest addition @ 5100 pe nearly 180%
Is that right ?
Or my odin gives me wrong no.
@ Mynac Can U corect it.
@musti,
its only 31% addition
Hi dear sir ilango,
in nifty and bank nifty exel sheet " hr. f.macd" give
negative divergance so we can sell the positional
with ns 5215 sl ? plz give yr suggestion
regards,
alpesh
India may be able to cut its fiscal deficit to 4.5 percent of GDP by March 2011 due to revenues from 3G auctions and robust economic growth, Finance Secretary Ashok Chawla told Reuters on MondayBookmark
===circulated news,
Thx manoj
I am cofused after looking this false figure.
first time in last 3days nifty closed below 5 high ema at 2pm
Illango Sir and Manu Ji
Thanks.I am long @280 based on 5 ema but now comes below that .The + divergence I have noted but ending digonal pattern , how to identify in which time frame chart. My house computer is crashed due to power fluctuations .
Hard disk warenty is there but not replacing says forpower fluctuations etc
. no warenty or guarantree . UPS is there . Is it correct. Perhaps people might have experencied this type problem. How they have tackeled this
Thanks
To day No posting from RG ??
Bala
Dear musti1780,
The addition is 15.22 lac,the addition is 31% with the total O.I. comes to 6385000
@abhijjit
it closed on 11 june also for 1pm and 2pm
NEW POST DONE.
Hai every one
Nifty 5 minutes chart with support and resistance lines
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-5-minutes-chart-support-and.html
thank you
ya @ps thanx for finding out my mistake
going up going up going up going up going up
that's move i like it
that's move i like it
so 4950 going to be a base for 1 or 2 months
so people try to go long
dont't give reason for short upto 4950
go long go long go long
Golden Rules Tips for Successful Smart Trading
http://sharesonlinecharts.blogspot.com/2010/05/golden-rules-tips-for-successful-smart.html
hello sir, today market was very strong ,still TATA motors traded flat? i tried to comprehend the technical’s ,but failed to assemble it..PVT=1.56,OBV=0;Bolliner band=100,rsi almost 70.could u pls guide me?what target u see for telco?
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