Why Telco is down suddenly any views?
aaj peli baar JNsar short hai aur market down nahi ja raha i think waiting for global
BBthese stocks are Nifty components. so when Nifty is down, its components are essentially knocked down in the process.
Dear Ilango,There is one observation which i wish to share.During the bounce from 5823 till 5939 i was constantly tracking Lead Indicator (14D) and 14RSI.None of them triggered reversal (though they came close).I kept on trailing them quitely(when everyone here turned bullish) as per your golden advice. Thank you....
@ masterBSE MTAL index up nearly 7.5 from recent bottom against sensex rose less than 1%....In Last 5 Weeks POSCO Steel is Up by 16% ,ArcelorMittal is up by 22% in last 6 Weeks !!US Steel Index is Up by 15% in last 6 Weeks
Jindal Steel Up 14% hindalco 11% sail 11% tatasteel 11% ster 10% sesa 7%
Broad Nifty is weak ... adv/dec 403/1037... vol. index is up by 3.2%
@ Manish,I would treat it as "the laggards moving up last".As long as the main Index, Nifty, is in uptrend, individual excellence would continue. The moment index turns down, even the stronger one would turn weaker. Presently, even the weaker looks stronger with Nifty's trend being up.
Parimal:Tisco is also Nifty constituent and it is not down that much? Is there any technical reason or extraneous reason for this fall of TELCO? It is weak since yesterday.RegardsBB
5860 brokenAb ........
@anmpatel,Just see on master's charts he indicate this is 3rd wave and now we r in 3-III
@PrithviTaking cues from ND Sirs ATR signalsLast traded price : 5865.15Breakdown occurred below 5871.6Breakdown target : 5804SL for short positions : 5888.00
1st let ns break 5833
Even Safezone Stops (As defined by Elder's Come To My Trading Room) for long positions triggered at 5871.
tatasteel 3rd is now over @261.8%or may be extend firstname.lastname@example.org could be start or start soon
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5949, POC-5936, VAL-5915, WVAL:5897, Pivot:5925, S2:5871, VWAP:58695900CE writers are not pursuing it harder, has stopped at 80 lacs, but still better than 5900PE, moving above 5900 won't be easy…Thanks & Regards
@IlangoCould you shed some light on the lack of downward momentum? Can we view this as a corrective?
RPOWER getting beaten heavily. almost 4% down.
@ Indus,Only a "downtrendingh" market would show impulsive moves. OR a "V" shaped reversal.This market is at a "critical stage" of deciding whether the "TOP" is going to be a temporary one or a LT one. Trend as of 20th EOD is "UP"; had it been "Down", you would have seen an impulsive move.Allow the market to show its next cue...Critical numbers below would be 5855 & 5840.Look @ this series - it is a spread of just 140 points - 5825-5965 and so much is happening.
KiranSo also BhartiAirtel, down by 3%, though it is a defensive stock. FDI issue could not bring any cheers to this counter. Sudden upsurge in metal stocks is surprising. Some say it is not justified.
Dear Ilango Sir,I follow your High-Low EMA system along with JNSAR.Based on that, if Price goes below DLEma or HLEma,how should I derive the targets based on this system.Would it be according to Fibo. levels or earlier supports or something other than this.Kindly advise!
Good afternoon : Perfect algo trading day ..not allowing to rise is my understanding correct master??
After 2:30 scenario wld be favoring in weekly closing above WHEMA..till then killing options
New Post Done.
If market want to turn negative ,today it is must close below WHema