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@ shriram,Two possibilities as stated in pre-mkt suggests of ST weakness.Today's EOD would reveal day TA changes if any.Tomorrow's EOD would reveal both Day & week TA changes.In the meanwhile, retracement table should guide.
@ Atharva,Since 05th OCt, LT shows a H&S pattern in day chart.Below 1610 would be break down.H&S patterns should be read along with L&T's TT for more potency.
5724 being first retracement level from 5694 to 5742 being protected right now
another bearish WW pattern in play nowmay trgt 5700 near 3.00-3.30pmsmall bearish WW trgt nearly achvd near 12noon
Master : Thanking you...
dollar index is coming down also yield again confusing dangerous movements. rupee also facing resistance. volatile Europe opening may be ahead.
Tks sir :-)Can u pl share the link, where we can download the TT for LnT pls ?Atharva --> if u know, where i can find the file for LnT , pls share
SirWt will be tomorrows developing jnsar for BN?
Is it moving towards Day JNSAR?
@ cooldent,11454 as of now.
sir today has been a classic day to show market action and direction should not be predicted and taken as a given by any study. markets are evolution in action and take the path of least resistance.Till yesterday it was buy on dips and today it is sell on rises.As far as NW view is concerned what appeared to be a impulsive five was cut short and became a Zz and this morning the 0-B tl was broken after 5730 did not hold this morning and the 2nd confirmation was the retrace of the C in faster time than it took to form.and these 2 are signs that ST trend has turned down.following- the bounce did not go past 5744 61.8 of the fall of today hence that would be good stop and around that would be good sell for intraday.ALT if it breaks that level change to bull gear may be an idea.
good learning points to us- L board drivers(traders) is markets are not a predicided affair which anyone can say this is what will happen.Notice if the price action goes close to a imp fib and does not cross it and retraces then price is headed the opposite directionif it pierces a imp fib and retraces then price will soon comeback to break it. just like waves of the ocean!
Hangsang -500 and counting !
@Shriram,A very hard effort to protect developing 5DEMA...
hi CDG,seems like a B wave today , may test 5680 tomo... or, if 5DEMA wins EOD, then bulls have hopes to start the next MOTIVE leg III up :-)
Shriram, Don't you like red B of Ilango at the top and this fall as Impulsive C.
Hello friendsgood afternoon master @DR sirmy angel diet showing BN nov OI 239% up.......is it right?
what happened to SBI??
मला जाउ ध्याना घरी आता वाजले कि बारा
@DRnow 271% up....is there any mistake?
@DKGtom SBI result.
Not only SBI, since morning Tata Motors and Bharti are in upmove
Fibo :5743 - 5716 80% retrace comes 5738. Market went 5737.Sir, any inra long above 5750 OR any intra short below 5716 good here ?
another fast fall set up in 2min chart like at 12pm.
Today there is a heavy call writing for 5700-6000 strike price indicating capped upside.
Dear Shradha Saburi please dont leave us
--> backCDG: as long as 5DEMA holds, think it wud pay to follow the impulsive label, so sub-frac (ii) of C.5 , wud be 1st priority i guess !
@shriram jiok, so where can it be placed ii? is it over at 5707?
after last night steeep fall and opening higher today FTSE is slowly trying to retain some green (marginally up).
haha Parimali wont leave you as it is. we will move with nifty
Afeternoon Everybody,Dear Shradha Saburi,अहो अस काय करता !मागे का फिरता !हिला (निफ्टी ला)न्या कि वरती दुपारी !!नका जाऊ ना हो घरी !नाही तर वाजतील बारा !!
New Post Done.
hi Anmp:If the impulsive lable is the apt representation of price..(ii) has almost done 38.2% of 5583-5777 @ 5706 today, ideally , wrt last week's GAP UP, it shud end MAX to MAX @ the 50% retrace (5680 change)