keeping constantantly below HHEMA is some kind of weakness but the crucial point 5850-51 (i.e 49 points of expected correction) has not been tested.
GMR's Airport project contract in Male is facing hostility. the company is mulling on legal action. this is not going to be easy for the company.
BHEL: 200DMA is at 237. CMP 241. holding at 200DMA, more upside is possible. probable 3rd wave has started at 221.
@ SANPOT,Every T/F has EW counts.Higher the T/F, clearer & easier.Lower the T/F, errors & whipsaws abound.Use lower T/F in combination with Higher t/f for entries & exits.Getting closer to short term movements can stray you away from the main trend.Regarding corrections, there are many guidelines and it varies depending on each market. I'll never have a fixed ideas for the targets for such correctives. It is only when you combine them with other key inputs from "supports & resistances" & "key averages", you would find some accuracy.
@ Brad,Both have equal chance. It depends on price movements in the coming days.Weekly line chart suggests of "the day macd chart's bullishness".Also remember that the 123 count can also be labelled as "abc" and that would end the uptrend abruptly. We'll have some clues in the form of some patterns/ divergences, etc.
reacting from 0.736% of 5887. Resisted second time for the day..
Thank you very much Sir.
5874-77 is lending support to any dips in niftywill it break this time
A new high registration above 5899 spot is pending today, hold longs, if it failed due to series of resistances, tomorrow it will gap up above that
All the indicators (5D,14D and 9RSI) are nicely sitting in the OB zone and showing no signs of exhaustion yet. 14RSI is catching up
Sms worth sharing....If success makes you arrogant you have not really succeeded. If failure makes you determined, you have not really failed.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5915, POC-5904, VAL-5893, WVAH:5907, Pivot:5911, VWAP:5909Nifty still within a 30 points range, with the writers still undecided, or not taking undue risk waiting for all the news to filter in, till then a Boring Market…Thanks & Regards
Ilango Sir, can you kindly confirm if L&T is forming H&S pattern on the Hrly chart?
21 Hr SMA fast catching up with Nifty Spot...
Use lower T/F in combination with Higher t/f for entries & exits.sir can you give an example
what happened?no comments
Bulls of efforts to close above 5874 this hour seems to be successful......
@ shivanGupta,Lower T/F charts such as 2 min to 60 min charts show details which will not be visible in Day/ Week chart.For eg: Day candle of 03rd Dec was just a doji while the "intraday google chart" would have more details of the same for entry/ weakness below 5880/ strength above 5864, etc.
New Post Done.