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...
36 comments:
Nifty Spot....3rd hour close above HEMA...long safer
Above 5443, next resistance is the 80%-5458 beyond which larger retracement comes into play..
As its on BB..thinking of booking in 10 points....
@ Ilango Sir - "larger Retracements' here would have likely targets in the short term? If yes, then what would be the likely retracement targets?
Booked long...profit 10 points....total profit 15+10=25 points
Shhhhhhhhhhhhhhhhhhhh
@ Ilango Sir- If it remains above 5445 can we reenter with target of 5460?
@ Bharat S. Kumar,
Above 5458(80%), larger retracement would have first target @ 5649-61.8% of 6339 to 4531 fall, provided weekly trend remains "UP" in the coming weeks.(Weekly closings above 5-wk ema).
@ DR
I wrote this yesterday. My system did not cooperate.
1. A good ergonomically designed high back chair will do
Look at this chair http://www.chairsbazaar.com/.
2. The screen must be at eye level.
3. Wear separate pair of glasses for computer viewing.
4. Avoid pain killers.
5. Take hourly break and do simple stretching exercises designed for computer users.
Love and regards,
LV
indian 19 in final, tribute to pankaj indian
Dr. Venkatapathy Sir
do you recommend High back chair upto head level ?
wow reach in final great
Intraday day drops have been in the range of 8 to 14 points so far.
Weakness, accordingly, would be below 5449-14=5435.
@ Vipul Rastogi,
Resistance zone is 5443-52.
Above 5443, the major res. was the 80% mark @ 5458.
80% is not a rule but a general guideline that a retrace above 80% would be considered strength to target the 100% & more.
@ DR
Yes Sir. I use Godrej Executive chair. I use only PC's in two places. I do have low back pain for several decades. No tablets; no traction; so far no injection. The most comfortable place to me is my chair.
lol
LV
Nikkei up 0.5%, Hang Sang up 1.2%, China up 0.3%, European mkt up 0.8%, US Fut up 0.3%, Brent crude up 1% at $116 and Rupee appreciated 20bps
1.00PM TT & Chart Updated.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH : 5443, Pivot : 5431, R1 : 5455 and VWAP : 5452
Thanks & Regards
@ Ilango Sir- Thank you very much for your guidance.
The "drop" has paused with 14 points @ 5435.
It would be considered "weak" below it.
However, the minor channel support comes @ 5418-25 for the current hour.
VIX up ? Why ?
This week's R2 done @5449
Where is Pankaj Shukla, and his 100 points 3rd of 3rd?
alligators lips teeth and jaw still favoring bulls
@Pankaj Indian - Forgive me for saying so, but Mr. Pankaj Shukla is a fool. He'll ALWAYS come and make random comments and run away as if he knows everything. Its a cheap way of gaining publicity.. Pls concentrate ONLY on Ilango Sir's (AND other senior members, such as DR Sir, Kumar Sir, Stock4Sure,Ashish Agarwal, Shriram, Jaiswal etc's comments! They give EXTREMELY reliable input!)
Open & low broken
if its gapup
tgt is previous day close to fill the gap
Gap filled
Q - Whatz Next?
shuklaji,
you are right
2 done, 98 pending
DR Sir,
Next JNSAR Pls
nobody is talking of Puli, now that all are looking to sky. Puli comes 'chhupke.. chhupke..' : <- take as joke.
Hemant
:D
Bulls must protect 10500 BNF on closing basis
otherwise Puli attack
@ Ilango Sir- Cahannel support breached. The retracement target would be 5408/ 5396?
repetition of yday...
New Post Done.
Master : 5th yet complete in 2 tf or completed @ 5409??
It looks like fall has ended, the 5th wave has exactly 5 subwaves.
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