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...
38 comments:
sathees sir
bnf 10640 future or spot?
In an uptrending market, concentrate on "Outperforming stocks" to go long..Eg:Rel.infra
and
at overbought conditions, concentrate on underperforming stocks to go short. Eg: Tata steel.
llango sir
have you changed your position from long to short?
@Arun kumar,
Please read satheesh's both comments. It mentions BNF.
@ Arun Kumar sharma,
All values are BN Futures
llango sir,
as in TT table is showing JNSAR @5350 IN red colour. it means you have changed to short position or any meaning ?
thanku
Master : looking @ Chanel drawn on hrly chart as well as 21 hrsma @ 5333 can we rebuy near to bottom Chanel on hrly ..thanking you
Arun Kumar Sharma
It only means hrly closing was below Hour Jnsar. hour jnsar whipsaws.
sathees & kiran sir
thanku
nifty faces tough resistance at Elango sir's upper level of 5379, when it decides to slide it will slide much faster than the speed with which it climbed to 5379, a trailer of the speed of the slide nifty showed us yesterday during last 30 minutes of trade.
good afternoon all!
@AKS! :) bhai, see the time frame - you are watching hourly.
My coat given for washing yesterday is not ready yet. :(
Master : or shld be @ 5320 S1
@ Atharva,
Not reaching 21 hr sma is strength.
Not breaking 34 Hr sma is another strength.
You have to use your discretion to initiate positions.(as my availability for follow up is not guaranteed.)
Hour TA continues to be sell on rises as long as 34 hr sma holds and as long as Hour closes are below HHEma.(Oscillators too confirm the same.
Symmetrical Triangle and converging of MA's in 5min NS.
Breakout of Triangle above - 5355NS - breakdown below 5330NS
Master : Loud and clear thanking you
is tomorrow a holiday?
premium of nifty futures to spot nifty which went to 20 today, will evaporate by 2.30pm today.
@Shivan Gupta
http://www.nseindia.com/global/content/market_timings_holidays/market_timings_holidays.htm
thanks anil
Supported at Dev.DHEma (5330)
TATA Steel chart analysis : CLICK HERE
Insiders Day
sir has c wave finished at 5330 (of correction which started from 5377)
is nifty heading towrds 5900 levels
All Business channels gloomy excuse being poor IIP DATA.But bad news in the Bullish Trend are good--Ilango Sir.
Bank Nifty Bearish Bat Pattern completed:
BANK NIFTY HARMONIC CHART:
Click Here
@ shivanGupta,
It was confirmed in the morning opening itself that the initial fall wasn't a 5 but a 3, hence a "Flat".
Flat's High/ lows are similar or closer. Accordingly, it should have been over @ 5330.
If moves below it, we should consider other options as alt.
llango sir
now nifty below@ 5330. now what options as alt ?
thanku
nifty is actually heading towards 5450 then 5900
sathees sir
nifty brokedown to 533o spot. can i go short from here ?
@Sathhesh ji Bank nifty has touched the projected target for D. Now?
@ shivanGupta,
You could be flexible to consider this low of 5321.30 as completion of the Flat.
Below this would be a correction to 5290 or lower.
hr-34-sma=5295 in n-s
below which the dt begins
sir i am still considering it to be an elongated flat till 5300
hr -34-sma eod in ns was 5277
@ Vipul Rastogi,
The target for D achieved??? - not even the min 38.2% 10417 is achieved till now!!!
Arun Kumar Sharma,
I was mentioning about the triangle breakdown in 5min Time frame. If you are trading intraday, then you might have shorted - and possibly book out intraday itself. One cannot trade positionally based on 5min TF.
SIR,
going below 5 ema vs 21 ema in 30 min.chart
so will be more bearish ?
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