If market want to turn negative , today it must give close below WHema
Is it advisable to buy 6000CE at 6.7 and 5700PE at 2.5?? (Considering a big movement in either side??)Max Loss: 465 (1 lot for each)
Sir,As some one pointed out,is it possible NS may close above WHema= 5984.In uptrend mkt, nifty make a pause after 3 weeks rally & that has already occured on last Friday.So to resume uptrend, it has to close above last week close.Simply guessing.Thanks.
Prabhanshu,Not recommended cause of time erosion.Regards
@ Stockathon,Target calculations depends on various factors and "contexts" & combination of time frame.Only EW study comes closer to achieving it. Even in this study, certain calculations could go wrong if waves start to "sub-divide".Better would be a combination of TA + EW.There are patterns such as triangles, H & S have certain calculations for targets."Following" in the absence of above is the safest one.
21 & 34 hour sma crossover seen in hourly chart
DR Sir,Where r u ??
After 20 sessions, Elder Ray Bear Power overtakes Bull Power now.
@DRlol....barabar hai.....long to mare, short to bhi mare....kambal dal ke sona chahiye.....!!!!
--> backIf tracking Down from 5965 as a 3wave... the 1st levels for bounce have come (if DZZ or Irregular FLAT) ...
can n-f c 5844
ns if <5833 then can c 5806
5846 80% broken now which retracement sir??
Nifty close to 21EMA
Dear Ilango Sir,Thanks for explaining what to follow!I have just started taking interest in studying EW, though have no idea how long it will take to grasp it.Also as you have always said that Pattern following gives the best trade setups, I will concentrate on that too."Following" in the absence of above is the safest one. Sir I could not understand the above line, request your guidance.Thanks!
1. 4531-5630=10992. 5630-4770= 8603. 4770-5965=11954. 5965- ***=5***?????
3.00PM TT & "Chart" with EW Updated.
sir if time permits pl do 3pm update.thanks.
Close below 5840 would mean wave 5 not extending as per wave count attached.Here since 5=1 and 3 is extended [1.618 times wave 1] its a perfect fractal.Extentions are usually in one of the impulse waves only rarely in two but bubbleshave seen 5th extentions so one has to make sure its not the case. Failure to holdthis level and failure to go above 5950 should rule out extentions in 5th.Rohit lattest comment.
"Following":Following what your studies show....& not what you think.,Following what the prices indicating by way of making HH & HL or LH & LL or stagnant in a range....& not what you think.,Following a well thought out trade plan....& not the hearsays...
Nifty seems to have taken support of developing 21EMA @5842. A move above 5860 is needed now.
IT Sector roaring?Safe bet.After, Tata steel (metals), now a turn of IT's?
its rounding topa break below 5840 NF will be bad for markethttp://stocata.org/ta_en/images/patterns4_4_60.jpg
Dear Ilango Sir,Fully understood the meaning of "Following".And will try and do that in the best possible way.As you always say "Get Rich Slowly and Quietly".Thank you so much for guiding!
FEEL THE PRICE one of the days Ilango was mentioning. Only couple of the readers looks like went short at JNSAR price.
@ Dinesh Rishi,"Timely" chart..
Seems Nifty future will today close with a discount. Watch out.
Sir will try to post actual NF chartthis weekendits just pattern
@rajajicount me in bears today both nifty and banknifty.......now banknifty also going to close below WHEMA.....master also teach me rich QUIETLY also...thanks.
Friends confirm BNF shorts triggered!
@anmpatelNow Confirming this is wave-3 or Not??
BN, which was outperforming Nifty till now, is under pressure today... it's weekly EMAs and Daily JNSAR have turned negative. A significant weight in Nifty, BN may be indicating whats next for Nifty!
thank u sir by everyone happy weekend to all
Smelling a bounce next week .... either here or from WkEMABye all !
shriram,i am with ur thoughts.
that may last up to 5th jan.
If NIfty spot had closed at 4841we would had a perfect Marubozu just missed by 3 points