Because the 5317 to 5287 looks a 3 wave fall, it suggests of a Flat correction.
Alternatively, one could say that 5287.70 is the truncated 5th of a 5 wave fall from 5317.If so, it shouldn't retrace 80% @ 5311.70 for another 5 wave fall.
Small corrective within a 30 point spread is not of much useful to label. But is a good place to spot patterns which would help in tracking such similar patterns in higher T/F as Hour, day & week.
34 comments:
@buggie : hahaha.. LOL too good :-)
@Ilango ji: 5hrLoEMA @ 5285, if offers support for next hr, wud hint @ intra-day B wave playing out UP from 5287 as a FLAT sir ?
@ shriram,
Because the 5317 to 5287 looks a 3 wave fall, it suggests of a Flat correction.
Alternatively, one could say that 5287.70 is the truncated 5th of a 5 wave fall from 5317.If so, it shouldn't retrace 80% @ 5311.70 for another 5 wave fall.
For this Guru Purnima..........
http://www.youtube.com/watch?v=zi3WPxg17hg
sir ji,
Guru means one who has gravitation, around whom u suddenly feel as if u r being pulled.
the guru is the tremendous magnet.
Ilango sir b forming a triangle??
Descending triangle on 5 min chart.
pranam ilango sir,
5307 is 61.8% of 4770 to 5630
what wave count apply here?
One for the back benches
Kamaal ka hausla diya rab ne hum insaanon ko...
Waaqif hum agle pal se nahin aur waade janmon ke karte hain...
Woh royi Woh royi
Woh royi Woh royi
Balti bhar royi
Aur woh Zaaalim naha ke chala gaya
@ bizagra,
Small corrective within a 30 point spread is not of much useful to label. But is a good place to spot patterns which would help in tracking such similar patterns in higher T/F as Hour, day & week.
Tata Motors Bears Flag: CLICK HERE
San Sir,
tata motor 200 sma @ 230.
Dear Ilango Sir & Blogmates,
OI Update at 1:00 PM
Thanks & Regards
This is for you master
http://farm4.static.flickr.com/3188/2637904032_2e2758b831.jpg
two words in my heart - THANK YOU
@chetan
If bear flag gets broken it is likely to close below 200 SMA.
up move possible on closing above 239 (20 day sma)
San Sir,
thanks.:)
http://nsetracker.blogspot.com/
looks like a fighting going on between 5300PE and 5300 CE writers.......
@Nileshji
what do u want to tell....long white candle??
thanks.
anmpatel
see the emas
@anmpatelji,
Fastrise or fastfall may happen.
julius sir pl update
For Stock Traders,
Yes Bank given a Acending triangle breakout on Hourly basis.
5290-5300 range form 10.15 am 3 hours
DR sir
DO IT
@Mr.Amol
The countdown will start from now onwards.
PAM
sleeping ?
जागो आई आ
http://www.youtube.com/watch?v=6LicrNk8QGo&feature=related
cooldent
google image "Just do it"
Break below 5290 would lead to DHEma zone @ 5265.
@DR sir, aap PAM ki jaga PT ko jagaya :0
New Post Done.
Dinesh ji,
hukam sir
aapne yaad kiya
Post a Comment