80% @ 6053, above which (ii) can take it higher upto 6067 also.
Beyond 6069, there is only (3) to be in play for larger upmove but it must then hold 6025.
= = = = = = = = = = = = = = = = = = = = = = = = = = = =
Do not belittle the works done here;
I do not wish to have "anyone who says Not possible". here.
Beyond 6069, there is only (3) to be in play for larger upmove but it must then hold 6025.
= = = = = = = = = = = = = = = = = = = = = = = = = = = =
Do not belittle the works done here;
I do not wish to have "anyone who says Not possible". here.
55 comments:
dear respected i lango sir
good morning to u and my other blog mates
i have been a silent viewer since last 2 years
after the recent comment of one of a unfortunately misleaded blog mate yesterday night , i decided to comment today
i behalf of every silent blog mate like me, wish to thank u for the wonderful service u have been providing for all of us, by timely, regularly and continously updation since last many many years
thanks once again
to all my blog mates
kindly consider every criticizing person politely, do not reply with agression, please reply like, what i lango sir did. we will then be ever able to convince every criticizing person with our good work and responsible behaviour only
regards
love to everyone
Good Morning Sir & All Friends.
Dear Ilango Sir,
This blog is Mile Stone and that is it.
good morning Ilango sir
Good morning ilango sir& friends. I am all so 100% parek sir opinion agree.
Rising wedge:
a=5736-5965=229 points (UP)
b=5965-5848=117 points (DOWN)
c=5848-6042=194 points (UP)
d=6042-5940 =102 points (DOWN)
e=5940-6069 =129 points (UP)
f=6069-5989=80 points (DOWN)
c less than a
e less than c
d less than b
f less than d
g=5989-6053= 64 points(UP) should only do max of 128 points (invalidation at 6117)
Good morning Ilango Sir & all blogmates.
Rgds
Saravanan
Goodmorning master and all Blogmates,
"Never think there is anything impossible for the soul.It is the greatest heresay to think so.If there is sin,this is the only sin; to say that you are weak,or others are weak."-Swami Vivekananda.
Have a Great Learning and Earning session today !!!
@NP
good morning
check mail pl.
thanks.
Namaste Dear Master and all friends
Have a nice day of trading
Gooooodmorning ji and all
Good Morning to All & sir
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Dear All,
Bank Nifty heavy weight stock observations.
Faster retracement of last move seen in SBI and ICICI Bank
SBI : Move from 2438 to 2552 took 7 Days, While move down from 2552 to 2424 took 4 days.
ICICI Bank : Move from 1159 to 1211 took 2 days, while move down from 1211 to 1158 took 2 days.
Till we see a faster retracement on upside on these 2 stocks Bank Nifty will be under pressure.
On the contrary :
HDFC Bank : Made a top @705 in Nov and since then trending lower and taking support at 89 D EMA support. Moving sideways A-B-C channel. Correction completed at 654 with A=C with a Bulling engulfing candle yesterday.
Summary : SBI and ICICI are in early stages of reversal unless price breaks earlier high while HDFC Bank is set to go up.
Raghavendra
Sorry friends
yesterday i could not attend to your queries due to power failure.
Sorry for the same
Good Morning Master & Friends
Good morning master and seniors..
ATR Based Trading Signals
Buy Zone : From 6011.7 to 5997.95
Breakdown below : 5995.2
Breakdown target : 5977.35
Sell Zone : From 6066.7 to 6080.45
Breakout above : 6083.2
Breakout target : 6142.35
good morning all. Gap up 6083 resistance.
6069 broken
Wave (3) in play ..
Master,
Any chance that irregular flat in play?,
considering lack of momentum in future price?
break of open price confirms it?
Please suggest
thank you
By fibonacci nifty
6013 6029 6075 6103 6150
Parimalji,
Wipro down.
any tgt pl
Illango Sir,
Is there a "Broadening top with partial decline " pattern in Nifty chart , more clear in Nf chart.
i saw this pattern in this link :
http://www.thepatternsite.com/bt.html
GoodMorning Sir and All...
Have a nice day !
Guys,
VIX refuses to go down. Any inference?? or it is too early...
Have a look at 2 min or 3 min NF chart since open. Each bar has upper shadows - looks slightly fishy...
Nifty trading in ATR Sell zone. Needs to break out now, as the breakdown targets are getting squeezed out.
Master,
Is it a 5 wave from 5989?
@ Que sera sera,
Beyond 6053 & 6067, there is only one clear possibility of (3)rd wave to be in progress.
There is a small possibility, Nifty could do an irregular "b" around 6080-90 and start a major decline in 5 waves. Keep it as a 25% possibility.
Now Keep a retrace for the last rise from 6026 to manage new trades.
Wipro (future): below both 21hrsma and 34hrsma, now crucial level 200DMA at 379 may give support. if this number is maintained, may spring up.
Master
It is 75% confirmed the (3) wave in progress..
What is the target? Can I initiate long here?
Wipro again: both hrly and daily charts are showing negative divergences.
@ chetas,
The broadening top with partial decline is not well formed because of fewer tops compared to the bottoms, though it has some resemblance to it.
Thanks Parimalji,
Wipro JNSAR is 412.68.
18 out of 50 nifty stocks trading closed below JNSAR lvl & bitten quietly.
Mangoman
3 wave if in place, trgt is clear on the chart.
Thanks master,
If it is irregular it may try testing WHEMA, being last day of week:)
@ Mangoman,
It should have been "Long @ Open above 6053" OR "Long above 6067" for easy management of trades.
Watch ORB Low of 6060.
@ Ilango sir,
As mentioned by you in your other blog (Stock Wealth), the BNKNifty might top around 12755-785 --> If BNK Nifty doesn't make new high (with BNKNifty current high at 12774), shouldn't we assign more chances of reversal around 6080-90 zone with irregular flat?
Disclaimer: Not holding any positions in Nifty at this moment.
Parimal,
View on Bharti please.
@ Master
High = Rising wedge Channel resistance for small pause ?
Thankyou sir,
will a failed ORB sterngthen the "b" view ?
Good Morning Sir!
3.1(i)5988-6024=36
3.1(ii)6024-6000=24 0.67%
3.1(iii)6000-6053=53 147%
3.1(iv)6053-6026= 27 0.51%
3.1(v) 6026-60XX= expected min: 6131 or an extension.
However 5941-6069==161.8% comes to 6195
Please guide as to the correctness of the process...and futhering of it.
Thank you Sir
those who missed may enter long around 6040 spot around 1-2 pm
@ SonuS,
12755-785 is the 50% - 61.8% retrace of last fall and hence a resistance possibility. However, 12845-80% would be the reversal confirmation.
If gone long @ Open, part book around 12785 and manage the remaining with a TSL....OR hold both with a TSL.
Yes..If BN gets resisted around 12785-845 zone, then a irregular top for Nifty increases.
BhartiAirtel: hrly has negative divergence. 21hrsma is 344 (future), 34hrsma is 340.
day chart: 3rd completed, so may go for corrective or consolidation of 4th.
Nf high on the day we hit 6068 was 6096, today we hit only 6094.5, so Nf is not confirming this high in spot
@ sandeep bhoite,
Whether Nifty would break past "Rising wedge resistance around 6080-90 zone" or gets resisted and start the fall....., is beyond us.
Here is a pattern - "Rising wedge both in Nifty & BankNifty @ overbought zone". Traders who place importance on patterns would start their strategies with a small SL of 6091 or 6100.
Traders who prefer the "Trailing the existing trend" would wait for break of 61.8% or 80% of the last rise from 6026 or 5988 to reverse their trades.
Master,
Please check mail.
Fire
NEW POST DONE.
Good Morning Ilango Sir and Seniors
I really appreciate your post and you explain each and every point very well. Th content is amazing, keep posting friend it will be very helpful for everyone .You made some good points. Thanks for it. Regards with
mcx tips
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