Thank you sir .
@Ilango sir ,Break of 5293 will show more weakness for intraday based on 1-2-3 ,5317.45 (1)5293.25 (2)5305 (3) currently 3 is in formation and will be invalid if it breaks 5317.45 . Correct me if wrong .
sir,if a triangle this wud be b wave ended at 5317.45 maybe. yesterday a started at 5317.can be surpass a as in triangle as in expanded flat.
type b surpass a instead of "be"
Nifty , if not sustain above 5311,would correct towards 5285-5243.Every dip is buying opportunity till its above 5213-5217.Breaking below 5240-5210 will bring more weakness.Supports & Resistances for today:-5311-5370 – Resistance area.5243-5285 – Support area. ( Re-Buy Opportunity)Current Trend: - UP.Possible Movements:-1.5285< = > 5311< = > 5285< = >5340< = >5370.2.5285< = > 5311< = >5285< = > 5243< = >5340< = >5370.3. 5285< = > 5311< = > 5285< = > 5243< = > 5213< = > 5190Two best rules for successful trading:-1. Initiate position in the direction of trend, near support & resistances.2. Max stop loss - 30 points.Happy disciplined trading to all.Have a nice day!
GM Master, Is tata steel leading the nifty to new high?
Good Morning Illango jo & friendsDoes anyone have the following, preparing for CMT.Study Guide for the Second Edition of Technical Analysis: The Complete Resource for Financial Market Technicians by Julie R. Dahlquist, Charles D. KirkpatrickThank you
@Mr.Illango,For the past few days I am seeing1-2-3 pattern discussion going onmildly. One of my favorite scalpingstrategy.I wish to post a link to calculateRisk-Reward-Targets using fibonaccifor the benefit of our friendsif you give the permission.
julius sir pl do
Morning everyone,Day candles 5335-5340 is a Res Zone..Nifty supports @ 5283 / 5275 (34,30m)have a gr8 trading day!cheers
Dear Shriram,As still bulls are not in a mood to give up,they have no any other option left but will have to take Nifty towards 5335,in-spite of Rest.Zone, when DHEMA is rising everyday...
julius sir, pls go ahead for the benefit of all☺
Dear Mynac, with Oi above 2.2 cr...can we say it is not easy for bull take nifty too much up for the time being??thx
namaskar mynac,Naveen photo ekdum jhakkas aahe :-)5DEMA is UP so ur Bulls have the ball... but this move is stalling near 5320 odd... maybe some more consolidation & a test @ 34EMA is due to decide In any case, 5DEMA is trending UP , so buy on all all dips towards 5hrLoEMA / 34,30m is on , barech divasan nantr ofc che kaam kami ahe, ase laamb lachak msgs lihayla :-)
Dear bizagra,In last recent few months,it has seen that"to get tired" Nifty O.I.had gone up to even 2.65-75CR.After watching present O.I.buildup(2.35CR) & considering that recent experience,it is visible that still there is room left,even from here for any addition up to 40-50lac...So let us see whether Bulls shall take this chance or not? because it is not that much impossible...
Dear Shriram,Te amache shaikh chcaha ahet...:)
@anmpatelTata steel is trying to stay above the resistance line. More strength above 454.Tata Steel Update: CLICK HERE
@ Ilango ji,How are u labling today's move sir ? sub -frac "c" of FLAT or ... ?
anmpatel said...@mynacgood morning buddy. ye shivaji ke pass kaun hai?
Badi gaadi ki band khidki seDuniya haseen lagti haiZara pooch ke to dekh un rindon seJinke paanv sadak ke gadhdhon se bach ke chalte hain...
DKG do u want 29 Jun gap to be filled?
@ J.R.Julius,Go ahead. For such stuff, no need to take permission.@ Jigar,123 is in play. You're right.@ prakashbkc,Tata steel too stuck in a range of 442 to 455 just as Nifty in 5265-5318.
Dinesh ji, SSAsirji which gap u r talking about☺
DRsir,Please fill that gap today thani will come by air to give you mithai.
jaan lega kya DR sir?
Dinesh ji,Talking abt 5158-5190 gap?
EW folk,Anyone counting sub-frac "c" DOWN from 5317.45 as an ED ??
Dear Ilango Sir & Blogmates,OI Update at 11:00 AMThanks & Regards
Below 200DMA on 1.5.12, Tata Steel touched low of 390 on 3.6.12. this was its consolidation time. before coming down 200DAM also it consolidated for long time. on hr chart, it now above 200DMA and gained about 60 pts. what i want to say is that a movement comes mostly after consolidation, or conversely after a sharp movement, consolidation might follow.
@ shriram ,Yes. It is the sub-wave "c" dn of the flat(irregular).Irregular generally suggests of "bullish moves" post the completion of corrections.
@ Parimal,You have captured the most important factor in "making money":what i want to say is that a movement comes mostly after consolidation.Hence, a consolidation is a period one should plan and take a position for the subsequent break-out.Trader uses such a phase for "Trading" while an investor would buy into dips.
Respectful thanks to you Dear Masterit is all your teachingkind regards
sir how to know consolidation is accumulation or distribution
according to hourly HA nifty must past 5303 otherwise new low in half hour......lets see.
I give one more example of consolidation.Sesa Goa falls below 200DMA on 27.2.12 and consolidated within a small range till day before. yesterday it moved above 200DMA @192. let us see now where it goesregards
grinding market Doctor: I can't find a cause for your illness. Frankly, I think it's due to excessive drinking.patient: In that case, I'll come back when you are sober.
@ Illango ji,Ok , another Alt option, this cud be a corrective to sub-motive 5266-5317 ?5266 5317 51 5317 5292 -25 -49%
Sriram ji , I was also thinking the same , we could have done w1 5266-5317 today morning .w2 5317-5291 ( 50% of w1) now in w3 ?Invalidation If we break 5291 down if I am right.
Shriram,Good morning u r a man full of options with labels,Blue,Black,Red☺
@ Parimal ,Sesagoa seem to be having a "Rounding bottom" in Day chart. And it's up by 3% today @ 201."Pattern spotting & investing" is one of the best investment strategies.
@ shivanGupta ,Observing volumes will give early indications of either consolidation or distribution.Price break-out or break down from the range is the final decider.
lal lal ho gaya screen
Hi smita,One more option, pls look @ "c" as ED down from 5317 :-) Dear PAM,HAHAHHA.... LOL.. V good morning !Good spirits mein rehne ka simple funda --> EW lable in Day & Black lable @night, kyun ? ;-)
small bullish WW pattern developing in ns chartsmay dip towards 5280-85 rangetrgt 5207-10 range
New Post Done.
INFY is forming Ascending Triangle on hourly Chart.
Dear anmpatel,Dinesh bhai,was away from market for sometime...so sorry for late response.."It's not me but one of our family friends Mr.Adambhai Shaikh alias Chacha,works as senior pattern maker and from whom one must learn how to work so hard & passionately @ the age of 78,to deliver qualitative product..Hats off Chacha"I have kept it for me,becauseWo hamesha kahate rahate hai ki"Yar ap log hame bhul jaoge..hamari yad ati hai kya ? hamara bhi dhyan rakho.."So only I have kept it...:) nothing special...
Nilesh ji SSA☺☺
I think my post about 1-2-3 gone toSPAM!