Is the 3rd complete as shown above? What would be the target for 4th wave?
@ Hitendra,It may not be complete as the "swift reversal" is missing.It could be part of the last wave of the 3rd.A similar pattern occurred @ 5623 and then there was a gap up.
@Sujatha sis,that means all are on fast today.. (bull and bears bothe)
Sir ILango ji what is the best way to analyse volumes in intraday without a professinal softwarethnx
@ amber,There are few simple principles:Prices moving higher with volume is bullish & vice versa;Prices moving lower with volume is bearish & vice versa;Besides these:A break-out from a consolidating range with volume adds credence to the break-out.Similarly a break-down from a consolidating range with volume adds credence to the break-down.Price is supreme; but volume gives the conviction that big players are participating and hence the prices would sustain.
For eg:BEML, MAX moved up with high volume today.Infy moved down with high volume.
BN moving past "the filtered 80%-12307" now.
Nilesh ji - mm.. quarter moon on the way.. donno this one will hv "a quarter" and come or without having "quarter"??? :( Bye for the day
@Ilango,Today the R2 has played well and resisted the rise...
3.00PM TT & Chart updated.
can v consider buying 6300ce today @ 7.00
Sir, on hour basis, 5897 NS is not yet broken. So are we still on the same plan?
What is the closing avg. is it above or below tomorrow's PIVOT 5903 ??????
Thanks Cooldent. so it means we are closing below tomorrow's pivot and also below hourly EMA
@ Prabhanshu,It is "evenly poised". "5864"-34 Hr sma is the support in case of a break down.If gaps up, it could target 5945 & higher.
Sir thnx very much
bullish undertone at the verry last minute
Thank You Sir.