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...
53 comments:
Nifty spot..protecting 5389...3rd hour close above HEMA....STILL SAFER FOR LONG...
Om Patience'aya Namah!
Om Patience'aya Namah!!
Om Patience'aya Namah!!!
Nifty spot cleared earlier 3 hours high
@Prabakar, if you were short, u definitely would now need patience, ha ha ha! I wish u all the best!
"Correction" continues, keeping below 5400.
@Pankaj,
No. I am long as JNSAR is long. I require patience to wait till NS breaks 5400
BB..narrow....only problem..
@Prabakar, oh ok. Me too long, and I am keeping a time horizon till Wednesday 22 Aug end of day. Monday 20th Aug is a holiday.
Reposting:
Moving averages converging in 5 min BN FUtures. Fast Fall negated above 10550-560.
New 2 hour low 5388 ???
It appears that intraday 5400 put writers started to cover... let's see
Its on BB..chances of bounce....
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH : 5404, Pivot : 5389, R1 : 5403 and VWAP : 5408
Thanks & Regards
NIFTY WEEK CHART:
Click Here
NIFTY MONTH CHART:
Click Here
4th hour close below HEMA....will wait for 5372 to hit and near our SL...
Corrective from 5400 has broken below Hour channel.
still not out as it is on BB..
sl hits...and CAM h3 H3 also
impact of COALGATE.ek baat toh hai congress ki chhavi jitni kharaab ho, daant jaroor saaf honge..
loss..-20 points
day pivot 5370 broken...!!
But will not short as candle is out of BB..WILL WAIT FOR NEXT TRADE
wILL WATCH L3 5354 FOR LONG
abhi short nahin karne ka..atleast technically
@pcsmitra
i think target of double top already reached at 5370
@ pcsmitpra,
Idea is to sell @ resistance - 5399 after witnessing 5400CE written more as of 16th EOD.
First conf. is the break of channel at 5380(below last hour low).
5348 is 5DEma & 34 Hr sma.
Bears would look for a close below 5378(DHEma).
Week trend is still "UP". Hour trend weakening along with a mild attack on Day Trend.
Gap Filled.
Yes ..its near CAM L 3 5354...
@ Ilango Sir : 5349.50 is S1 too along with 5348 5DEMA & 34 Hr sma
@Master,
Where is Day chanel Support?
Sir where is the Day Channel support.. below which this up channel will be broken ??
"5356" - is the developing 5 DEma/ Sma as of now.
two days low broken & premium down to 10 from 25 pts.
@ pcsmitpra,
You are but wrong on " desh ke halaat"....as it is not based on the so called political "leaders" but
on "business and social leaders." In those areas, we have immense talent. It is just that our pol. leaders are the impediment to growth.
Sir
BN heading towards channel support?
I think we are hitting the day channel now at 5350-5355 range .
Sir please correct if wrong .
@ Nilesh Patil, Saurabh,
Late to Class.
Did'nt read "Pre-Market view".
Day Trend is UP above 5348(5DEma) & 5365 (Channel).
@master,
can we go short or wait till 5330 JNSAR ?
@5348 Broken, now ????
@ cooldent,
Well & truly broken sometime back itself.
BN short, just about managed the 50 point filter.
@Master
Sorry
Yes sir!!
@ pcsmitpra ,
NE Indians sowed hatred and reaping them now, however sad it may be.
As a society, if we don't encourage "tolerance", the devil would one day land on our door step too.
Each individual should nurture "love" for fellow being...it could be our own state or country or the entire universe. People conveniently divide and hopw it will remain within that boundary. But alas..! division would creep into every aspect of their life.
expanding triangle pattern in ns 5 min charts
recovery if 5343 ns support doesnot break can be very fast towards 5399
For rise from 5294 - 5399 50% retracement done at 5347 and 61.8% at 5334 coinciding with jnSar
The rise from 5292 to 5400 subdivdes in 5 waves and can be viewed as wave 1 of higher degree, The current fall from 5400 to 5341 cab viewed as wave 2.
@ STOCK4SURE,
Good observation...expanding triangle.
Goodafternoon sir and friends :)
PCS - hi :)
thank GOD 2011 Diwali high rejected by you???
It's really painful and tearful and shame to the nation the whole world is watching us. What kind of "situation" and what's going on?? May God give enough strenth and protection to all.
Bye - Happy week end to all.
stock4 - good one and another valid place is there breakout point of inverted H&S pattern.. but please close EOD below 5386 this neckline break will invite "sivakasi crackers" for next week.
New Post Done.
@sir,stock4sure,
i cant see can u point the legs of triangle
Dear Ilango Sir,
Can we Short here at 5356 (5DEma) or should wait for JNSAR to touch at 5332/5321 or if it goes towards 5399 (expanding traingle) ?
This query is for a Conservative trade!
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