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...
51 comments:
Namaste Ilango Sir & Blogmates,
Bears having any dreams seems to be nipped in the bud for the time being: Option Analysis for 17-10-2011
Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Good Morning Ilango Sir and Friends
NIFTY Channel and Descending Triangle: CLICK HERE
Good Morning Sir, Seniors and Friends
Weekly BB middle or 20ema at 5185, Daily BB top at 5203
Daily close above 5203 needed for strong upside momentum, Weekly close above 5185 is needed for weekly upside momentum.
this week is so important as per BB trading.
buy after close above 5203 with closing sl 5185
short at 5150-5185 sl closing basis 5203
both the trade is favouring very good risk reward.
@Ilango sir wrote 2 trade here but 1st explained how that trade came from chart, if this is against our rule than plz feel free to delete this post.
Banknifty
Daily BB 20,1 top at 9726, on 13 was it pin bar? @san can answer, a close above 13th high 9685 needed for further upside momentum.
Weekly BB 20,1 bottom 9439, 5sma at 9452, middle or 20ema at 10046
Buy at 9439-9452 sl closing basis 9332
Sell at open or CMP sl closing basis 9726
I might not be available to update about the trade during market hour.
@Jigs
On 13th it looks like a PIN BAR. But the Next candle Resulted in a Bullish Engulfing which reduced the effect of PIN BAR. Sustaining above last candles high may favor bulls.
good morning.:D
Gm Sir and friends,
Jiggs: Mid bb in weekly is 5235 as per google charts.
Namaste Ilango Sir and all friends and seniors
on an hourly chart there is double top formation
can anybody elaborate this
SGXNifty is ruling high at 5172 so today we shall have another
opening gap
Trading plan -
Aggressive -
Short at 5170 ( R1 ) with 5190 SL
Long after 5180 with 5230 target with 5160 SL.
Long at 5080 ( DHEma ) with 5060 SL
Conservative -
Short below 5050.
Long after 5185.
Notes -
Week trend is up. Buy and hold.
Day trend is up and "buy and hold".
Month trend is down.
5165-80 is previous high range. Look for break or resistance.
EW analysis -
Appears the impulse from 4729 is not yet over.
5230 is 50% retrace ( from 5740 to 4720 )
which could mean Wave 4 still on of original impulse down from 5740.
Namaste Ilango sir and all,
WEEKLY CHART
Weekly chart
Day Chart
prices must close above the Blue Line for further upsides.
Good Morning Master & Friends
@san,
Nice analysis. Desc triangle scenario.
We never went down the height of the triangle.
Weekly MACD is still less than 0.
I feel 5230 will tell the story.
USD setting up for Wave 3 up might mean
equities going down.
5210 is M-5Ema.
Good morning and thank you Master and Seniors for all the inputs and guidance..
@ram as per icharts mid BB or 20ema of nifty spot at 5185
@san thank you
@san ,
descending triangle in weekly gives new perspective.
@satheesh,
are ur rsi calculations are slightly different
than sir's ???
Namaste Ilango Sir and fellow bloggers
LV
@ P.S
No both are same.
Good Morning Master and friends.
Have a good day.
Thanks
Good Morning Master and copy to All
jigs: yes, 20 ema is also showing as 5185 in google but mid bb in weekly seems different at 5253.
Anyone using other websites, what do they see a mid bb in weekly?
@satheesh,
pls compare frm sir's downloaded file. 9 day rsi has
broken out there.
Above 5230, there is the 5230-5330 gap fill of
Aug.
Goodmorning Sir and all !
@ram
Check BB setting 20,2 is it?
And mid BB is 20 ema, or 20ema is mid BB
good morning ilango sir and seniors
Neg div starting in hourly stoch. Confirm by 11.
Still in OB zone.
jigs- ya setting is same.
Master Ilango and friends,
GOOD morning to all.
Reliance moving south
SBI moving north
Keeping nifty in balance
Hi ramcharan,
Mid BB in weekly charts is showing 5220
For NS first resistance is at 5163
if it is broken NS can push up higher by 50 points
GM All
ORB: 5161 - 5135
EW folks -
Wave 4 forming a nice flat if we go down from here.
A - 4720-5168 - 8 days - Aug26-Sep8
B - 5168-4729
C - 4729-5160 ??? - 8th day today
This is exactly how the S&P is playing out.
Good Morning.............
GD
ready 4 contra trade
@DR,
Thought you were the MIGHTY BULL.
"Opening action" suggests of profit booking preceded by Tata steel last week.
@DR,
Will wait for H-JNSAR to kick in at 5100 or so. Until
then couch-potato analysis. No cost.
GM Everybody
A medium-term POSSIBILITY ---
https://picasaweb.google.com/112295801969323600289/Indices#5664309957251837666
Good morning blogmates
DR Sir,
means downward?
pdd
Trading below Friday's high-5141 is the first sign of weakness for intraday, followed by trading below Friday's last hour low-5120.
Sir, can we see this way that NIFTY is not breaking previous day close (attempted twice) and that could be sign of some strength.
Namaste ilango sir and friends,
Today's quote received :
The family is both the fundamental unit of society as well as the root of culture. It ... is a perpetual source of encouragement, advocacy, assurance, and emotional refueling that empowers a child to venture with confidence into the greater world and to become all that he can be.
nifty may close in red today.is swift rally ended?
New Post Done.
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