Nifty has completed a 5 down: Is it (i) or (c) of (ii) or waves sub-dividing ??
Firstly, watch prices retrace the last fall from 6036 to 5992(if no new lows made @ open).
Then, watch the retrace of the entire fall-6069 to 5992.
Keeping below 6030- waves are sub-dividing;
keeping below 6055, "Sell on rises" continues.
Nifty closed below DHEma & DEma but above DLEma.
For weakness to continue, it needs follow up "falls after intra rises".
Holding above "5982-93", Nifty would attempt retrace or reversal.
Considering the TA, retrace;
Considering the FII data, reversal either here or @ 5940 or 5850.
Firstly, watch prices retrace the last fall from 6036 to 5992(if no new lows made @ open).
Then, watch the retrace of the entire fall-6069 to 5992.
Keeping below 6030- waves are sub-dividing;
keeping below 6055, "Sell on rises" continues.
Nifty closed below DHEma & DEma but above DLEma.
For weakness to continue, it needs follow up "falls after intra rises".
Holding above "5982-93", Nifty would attempt retrace or reversal.
Considering the TA, retrace;
Considering the FII data, reversal either here or @ 5940 or 5850.
34 comments:
Good Morning Ilango Sir and Friends
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Good morning ilango sir& friends.
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gm sir, all my freinds and dear seniors
Good morning Ilango Sir & all blogmates,
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Namaste Dear Sir and all friends
Have a nice day of trading
Good Monrning Master & Friends
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
GoodMorning Sir and All..
Have a nice day !
ATR Based Trading Signals
Buy Zone : From 5974.85 to 5961.35
Breakdown below : 5958.65
Breakdown target : 5920.25
Sell Zone : From 6028.85 to 6042.35
Breakout above : 6045.05
Breakout target : 6082.25
Good Morning Master and copy to All
Good morning master and seniors..
ATR ranges match somewhat with key Resistances and Supports and also PP.
good morning dinesh rishi saaab :)
Master,
5 completed from 6036 as well?
could we use hhema/dhema as re selling points?
Please suggest
Thank you
Dear Ilango Sir,DR sir & seniors,
Yesterday in last hr dev.JNSAR triggered.today at
open also.But premarket view suggests to sell on rise(retracements).Usually what should be our strategy in such cases.Pl guide.
Thanks
Prasad
Good Morning Sir & Friends,
May anyone post views on Maruti.
Thanks.
Good Morning ALL
@Master,
New low 5989.50,now can we assume that 5wave comp.
and new impulse start???
@ Que sera sera,
Two retracements @ work(revised):
6036 to 5988........6018(61.8%) & 6026(80%)
6069 to 5988........6038(61.8%) & 6053(80%)
Merge these with developing HEmas from TT.
1st 2 5 M diffirent candles range 23 points
makes inintial range rather than a trend.
Trande long above short below.SLO= H/L
Diffirent candle colour.
Same coulours makes trend on C/O of 1st H/L
@ Prasad,
When you find a "Sell on rises" emerges and JNSAR triggers, you could consider selling "on rises" @ reasonable retracements provided "you are proficient in understanding technicals and able to merge them".
OR
You could use a small filter based on the "support zone" emerging....
OR
Simply take the trades and manage with another SAR.
Sir ILango ji and every one good morning sir thnx very much for your update yesterday
Breach of 6018.85 would indicate "waves aren't sub-dividing but a 5-wave is done" and one should then concentrate on 6069 to 5988 retracement alone:
6029(50%);6038(61.8%) and 6053(80%)
Thanks,Sir
Prasad
6026 and 6041, 6070
@Master,
What is your prefered count now? red or green?
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New Post Done.
Goodmorning sir and all.
By fibonacci 5968 and 5947 is the major support.At the same time intraday resistance at 6029.
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