@sandyNo idea yesterday i booked out of nagarf
Sir ur morning agressive call was just superb.It hit all ur targets but I exit from it after ur reply to Bhavan. Instead if I keep ur mention sl pf 6040Nf than can get full 50 points today.
Somebody posted Fast Rise coming, it loooks likeYes, I Really Appreciate You people's knowledge.Few Daya Ago Ilango Also Said Fast Fall Due,and It Really Crashed.
Fast raise setup working properly. :-) Learnt from Sir.
debdeep,pl give sir's link for fast riseand steep fall.thanks
buyers steeping it at present Buying NF here
But Sir Volume is totally absent in this total up move in this week.
Debdeepvolumes always tend to increase with increase in the strength of trend
Any one noticed fast fall setup before lasted fall?After fall checked & I thick there was such fast fall setup in nsetracker blog. Is my reading correct?Chandra
heading to 6050 ++++
Debdeep,That is a concern, definitely.It could be either due to consolidation phaseORIt could be due to "deceptive selling" above 6000.
In uptrend, the short term avg (5sma) trends above a medium term avg (20 sma) and when a correction sets in, the 5 sma will turn down and moves towards 20 sma. When the correction ends and if the 5 sma comes closer to 20 sma and turns up without beaching it - that would be a fast rise set up. Opposite of that would be fast fall set up.
A bullish Straddle.Buy 600 Ce @ 105Short 6100 Ce @ 60Target 6100 Sl-5965
Now if Nf crosses 6027 then straight way to 6050
@prashant shah ,Thank you
Looks like 5-->1-->5 (5th of 1st of 5th wave) started.
@musti1780I think buy call is 6000 not 600Ce
Welcome home NF
debdeep In which TIMEFRAME u watch the EMAs,is it in hourly?
dear sir Ilango ,can i fresh buy nifty if cross 20 sms@6030 ns?regardsAlpesh
@Debdeep,Which Time frames to watch 5 & 20 smas fast fall/rise setup?Chandra
@ alpesh,Nifty has quite many resistances @ 6050. There could be quite choppiness around that mark.If Nifty moves past smoothly and stays above 6050, that would be quite bullish.Keeping this in mind, you may trade.
illango sir i had buy nifty at 5980 can i hold or book profitas nifty trading below r2
Thank You DebDeep. I have copy pasted your Fast RiseExplaination. Will Study it later on, too manyshort forms used, so need to decode first.Thx Again
Sir,ns has attempted to cross 6020but unable to hold.do we fall from next week?
Sorry Typo errorits 6000.went out for lunch.i hope u all may like my strategy in the mere investment of rs.2250/- u can get double of it.Master sugestion Over It!
i think today nifty will make doji pattern in daily chart...
If it is indeed the "v" th waave from the low of 5690, its target could be equal to the "i"(5690 to 5818=128; 5964 + 128 = 6092(61.8% retracement of this downfall from 6339 to 5690)Holding 5990 is a min. requirement for this upmove.
@ DebdeepjiThank you for sharing,could you also share the TF pleaseKind regards
@ dular,6030-6090 area would be the upper band of a consolidation range.In the lower band of 5935-5965, Nifty has tested 5965 today.It is possible after the upmove, Nifty could test 5935 next week during corrections.Below 5935, it'll turn bearish..(to be verified at that juncture)
sir,is there any elliotwave calculaorr how can we find the waves
Sir,if ns don't hold 5990 at EODdo i initiate short today?
Keep looking at the prices unfolding in some order after having referred/ seen the "labelled charts in various EW books as well as in this site itself.It will come with experience. Don't ever strain to look for waves.If it is not obvious, there isn't any.
sir apart frm pervious support what is significance of5935
thank you sir
Week J10SAR 5934 & 5DSMA 5934
A bullish flag in the hourly chart?
Sir,though 25 minutes stiil to go,butnspot & future both have made lower top &bottom after 4 days.is it first sign of reversal?
u k raj sir has talked abt it for next week it shudnt be an average as it changes
sir, closing below DHEma is first sign of shorting
@piyushYes you are right
Hi dear Ilango,in daily bank nifty chart it could test channelsupport so we hold our long position so also we managelong position in nifty too plz give some suggestionregards,
Fast Rise setup still persisting on 30 min chart and looks like we will achieve 6090 by next couple of trading days. But pls note that I am still learning this setup learnt from Ilango Sir only.
@ Piyush,If the "v" don't materialise, then this upmove is an "abc" of A and the "B" wave is on having a total trading week ahead."5935" being a support that held on 3 occasions in the last upmove is quite important.However, these are to be taken as guideline only.
Bye Master, Friends. Have a wonderful week end.
ok sir,I was just fixated in 5 wave upmove seeing the pace of rise in zigzag, it is stop for plan b if it’s a flat/irregular. Suppose if it turns to be a 5 wave affair then wave 1 top 5820 shud beProtected. So to ride c of abc frm 5690 we might have to lower it. Guess I am thinking too much or imagining u may say
Bye Sir and Friends. May this great week culminate into a greater week end.
bye sir and friends
Bye Ilango Sir and Friends. Have a wounderful week end.