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...
40 comments:
5260 - 5300 now?
Yes Yoda. Ban"KING" and Bade Bhai must end non-coop movement.
Then we have nice Tech-Cars to go to 5300. Aye?
Added a chart with trendlines/ support/ resistances.
sir,
if we consider 60 points range like yesterday (minm range)then assuming if days low has been made nifty can tgt 5225+60=5285 ,if days high has been made nifty can tgt 5255-60=5195
i feel nifty may test 5195 today after making double top at 5255
In the hourly stochastics are overbouhg & pointing downwards
9-rsi and fast macd have negative divergence
Even the daily rsi is pointing down near overbought
zone
The ideal level to sell for intraday is near 5260(hourly channel resistance)
with Sl 5265 for 5225(hourly low ema, 5212 monthly low ema)
risk-reward ratio doesn't favor a sell
in 5240 zone, but it may correct from
here as well(daily first resistance is @5246)
may see few sessions of rangebound choppy trades with some intraday volatility in 5170 and 5280 range be4 breaking out for 5330-5370
there's going to be all out efforts to win 5300 today, but in my view its almost impossible to touch it today. lets see.
i guess close has to be negative around 5200 today.
it may attempt 5260 when europe opens
nifty future bought @5232 SL5228
today nifty has twice tested 55m ema line in 5min charts and none of the candles has seen close below 34m ema..may give an indication of weakness if 5min candles closes below 34mema
and moreover third test are more stronger as 55m ema has become fragile after 2 attacks
FTSE & CAC up .70% each
they were more than 1 % by 11.30am
Nifty in a range with possible direction ?
http://safegamble.blogspot.com/2010/06/nifty-in-range.html
-- gd
@RG,
Yes, except these techcars frequently crash and burn instead.:)
Good afternoon Ilango Sir. I have come back.
prashant your sl in nifty hit
@ Prabhakar,
Just in time to see it moving into profits.
yes soha
trade reversed sold NF @5227 SL 5337 target 5100
5200
Thank you Sir for taking care of every student.
It should hold between 5220-5210.
Got out of the long at 5219 opened yesterday ( 5180 ).
5220 was breached, i feel 5180-90 is possible. The channel
seems intact for now. 5150 by tomorrow/thursday ?
-- gd
5212 is monthly high ema
Ilango Sir,
Can I wait for 5175 in Nifty Future? or suggest to book profit level
Thank you
Elango Sir
what is the present situation.
Shall I short nifty now or wait for another support to buy
kindly guide me when to buy
sir's R point of 5245 was really good
prashant good short call
Nifty is yet to move below 5208(Day's Pivot).
Staying below 5220(VAH), the first attempt is 5194(POC).
-ve divergences are taking effect now. Part booking @ 5194 is o.k.
Holding shorts is an aggressive stance here. Only a close below 5195 could give some confidence.
@ PARESH,
//i bet tomorrow sensex will drop by at least 300 points.//
Your Bet will DO today??
still people indulge in asking I LANGO sir about their individual positions
it seems these people dont want i lango sir to focus on his TA , which he is doing for the betterment of all of us
my broker gives a sell call on NS @ 5217 tgt 5145 sl 5246. All spot price
@sudhir
i will stick by my bet, could you please allow me to have today and tomorrow for the total 300+ drop?? lolzz
@Paresh..
U R Welcome..
'coz me too stuck on PUT yar!
--- Test ---
Ilangoji,
A Head & Shoulders breakdown is seen in 9 RSI in the hourly chart. Any bearish implication?
NEW POST Done.
new post done means...from where i get ur new posts
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