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master 5th completed in 2 tf or yet to complete???
@ illango jithank you for the teachings & lead indicator.Nifty taking support at 21hrsma & D.pivot.Can you please bring back the EW labels...as todays hight the diagonal may have been complete.Thanks for being with us
It looks like fall has ended, the 5th wave has exactly 5 subwaves
Thank You sir for The Lead Indicator.
Thank you sirji. Lead Indicator helps a lot in leading :-). I am silent observer here and hope to contribute in future. Good Day!
Profit booking in the 2nd half of the week is proving that "pattern of rise in first 3 days(or 2 in truncated week) and fall in last 2 days of the week" in this series continues....
Bhalu chupke chupke nahi aaya.Its rising wedge in last five days. Bears were sitting at the top.
bears lack power...in counter attacks .. bout still in favor of bulls
ns : weakness if < 5407
trendline from 5033 5405/540021hrsma 541034hrsma 5397
Trading below channel/ pivot...could attempt 5389-5DEma & lower.
now ns if <5389 then can c 5359
Arey aaj hi JNSAR triger karoge kya...?
The fibo support comes at 5494 - 5389.
thanks master ..I am so glad..today is the first day of my trading career I could recognized waves holding short since 5452..thanks a lot sir ...
sorry I mean 5394-5389
@ Ashish Agarwal ,A break of 5394.80 and a close below 5395.75 would qualify for a "Bearish engulfing".It would have been more relevant if yesterday's candle body has been longer.(It was just a 17 point body)
Ilango Sir.If JNSAR not triggered and close below 5388 which will make day EMA down & close below 34EMA.can we take positional Shorts
@ Hemant Harke,Why mix up JNSAR with other TA studies.Our conservative trade suggestion was to "Part book @ 5443-52". Accordingly an aggressive trader would have sold there. And if closes below 5389, it is a technical sell.JNSAR sell is either below 5358(today's) or 5371(tomorrow's).
ns making same pattern as on 17th augif same continues may trgt 5420ns near eod
Thank You Sir
Taken support @ yesterday's low as well as 34 Hr sma-5395-5396.
it seems fii have started profit booking
Retracement for 5449 to 5394 are:5415(38%),5422(50%) & 5428(61.8%)
ns also forming a new channel joining highs and lows of 17th and today
can v c ns <5389 ?
Master bouncing fr UTL in 60 tf..can we buy here??
sl daily LEMA 5376
two bearish WW were developing in Bn chartsone WW trgt have been met 2nd trgt is near 10300 till tomorrow 12noon
need to follow sir ji, method of thinking:NO SHORT CUTS ALLOWED
@ Atharva,When you play for sub-waves in "Intraday", trust your instincts/ observations but keep the emotions in check and exit the trade if the calculation turns wrong.
5393 is the low of the day, exactly what I had called out....
Do you think... today's fall is due to rollover of long position to Sept series by big players?
Probably 1 more visit to 5394 would be there.
@ teejay,As long as 5365 is protected in this week, we could term it as "Roll over" which normally takes place in the last days of the penultimate week of the series.
CNX IT didnot bother to fall with Nifty/BankNifty.
Master Nifty also likes lead indicator it was wating for you to announce its back n nifty loving it by showing volatility after so many days.....lolz
3.00PM TT & Charts updated.
Ilango ji, plz aekbaar EW labels bhi add kar dijiye hourly ke liye, if not here then in the TA file...
@master : Noted...
day high in IT index
@Master,Thanks for Lead Indicator
around 4lac nifty bought from 5400 to 5426. anybody can confirm???
SirClosing Bell Plz
TCS near resis it worth selling hereplz advice
Closing below DHEMASell on rise
@anmpatel - even I see a 4 lakh nifty purchase.@Ilango Sir - bullish?
stock 4 sure : Hi! - WW in nf 5 tf achieved all tgts..
@ DR,Nifty may attempt to close above "5412" HLEma to maintain a trading mode (Closing above ALL Low emas).80% in upside is 543880% in downside is 5368.
@stock4sureTCS is trading at all time high so could you tell which res you are talking about.
Doji in Mumbai Languageखाया पीया कुच्ह नहीगिलास तोड १२ आना
outside bar in NS
Sir Thanksthis trading mode is very difficult 4 me to trade
@ Bharat S. Kumar ,A close below DHEma(most likely) will be a "Sell on rises".Depending on global cues, the rise would be there and if that rise keeps below 5438, sell is alright.However, if global cues are negative, the rise is unlikely.US mkts are evenly poised and tonight should tip the scales.(Or on Friday)
@Bharat Kumararound 5lac OI reduction from 5425 to 5227..short covering? anybody confirm??
@ Dinesh Rishi,Trading mode - everyday is tough. But when it is ripe, its wonderful to follow key levels.Such discipline needs "military kind discipline".You should be the right candidate.. I see you limiting to just "Exiting at such junctures", keeping with your "play only the uptrends".
read as 5427......
good prediction and nifty follows your predictions. I am following you like vedathanks
Shivan gupta sir its abv Tl joining two prev highs and is developing a bearish WW pattern in daily charts and abv 1320 is pt5 of pattern
38% retrace 5417 done;Going for the 50% retrace @ 5422."5428"-61.8% reserved for 24th..?
Trading mode - everyday is tough. But when it is ripe.........sir what does this mean.
anybody can give closing average idea?? thanks.
avg clsoing now at approx 5415, above hr lema, and below Day high ema
nearly same pattern today as on 17th augas per fractals may see 5440 near tomorrow first hour
@anmpatel,in google nifty 2 min chart use 15 sma. at 3.28 its value will give closing (adjust error)1-2 points
Ilango Sir, from 30 min google chart it looks like the Nifty has given the Break Down from the Rising Wedge/Ending Diagonal pattern. Pl give your expert advice.Thanks in advance.