A day close above DCEma is a "Hold Longs too".
It should be resolved with today's close.
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...
23 comments:
Good Morning Master & Friends
Good Morning and Thank you Master and Seniors for all the inputs and guidance.
Good Morning Ilango Sir and Friends
SBI Support and Resistance Lines: CLICK HERE
good morning.seniors..
Namaste Master Ilango and all seniors and friends
thanks for your continued guidance and support at every step
on hourly Ichimoku chart Nifty price is above Kumo. let us see how it turns out for the last of tthe week (on several counts Ichimoku has lot of similarity
with TA here, yet there is no doubt Master's TA is much
more elaborate).
best of regards and have a nice trading day
as i am unable to access my any google a/c,i have
created temp.a/c.as cheeta.
kind regards
gm.
Trading plan -
Aggressive -
Long after 5140 with 5125 SL
Short at 5125 with 5140 SL
Conservative -
Short below 5040 ( DLEma - 10 ).
Long after 5140 ( R2 ) .
Notes -
Day neutral.
Week trend up.
Month trend down.
EW analysis -
Some contracting triangle for Wave 4, with D leg on.
If we get to 5130 and go down to 5050-5080, then E
might complete and we will go up for Wave 5.
Takeaway -
DONT FIGHT THE TREND AND SAR VALUES.
dollar at 2 yr high 50.10 :0
Master ilango and friends,
Good morning to all
Namaste Ilango Sir and fellow bloggers
LV
Good morning Master and freinds
TODAY'S JNSAR LEVEL PLZZZz?
@Maulik G,
5045 to go short in nifty spot
maulik. Jnsar is long and will reverse at 5045 spot
GM All...
ORB: 5110 - 5069
@ Maulik Goswami,
For a person who enters the market without any positions, the JNSAR is 5067. You go long closer to that and you sell at the break of 5067 with a 20 point filter to reverse your trades.
For traders who took long yesterday afternoon when Nifty moved past 5054+20 point filter, today the SAR is reversed just below S1 of the day(5051) to 5045.(This could be changed later upwards).
Nifty being stuck in a narrowing triangle as per the 1st chart, it is prudent to trade the extreme ranges or wait for a break-out on either side.
The aggressive intraday trader would use either 5075(Pivot) or ORB low 5069 to initiate trades if not done his bit at the open.
ok sirji thanksss
Is a cup and saucer forming in the 5 mins chart?...
Namaste ilango sir and friends,
Today's quote received :
Whatever you do, you need courage and confidence.
Because whatever course you decide upon,
There is always someone to tell you that you are wrong.
There are always difficulties arising that tempt you to believe your critics are right.
Only courage and confidence can help you…..!!!
Is 5070 the 'b' of the abc for this D wave
or is 5170 the E wave and now 5th wave has
started its move up? Me thinks nifty is
still working up on its D wave.
New Post Done
-ve Div on 5 min chart. Sir pls confirm.
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