There seem to be a "false break down".
"Rising wedge" pattern remains in contention & should not move past 6115 or 6135.
"Bullish running correction", if in contention, should have been completed @ 6021 for a potential strong upmove.
And the "Charts would reveal it" as the day unfolds.
Today & tomorrow should be decisive..
"Rising wedge" pattern remains in contention & should not move past 6115 or 6135.
"Bullish running correction", if in contention, should have been completed @ 6021 for a potential strong upmove.
And the "Charts would reveal it" as the day unfolds.
Today & tomorrow should be decisive..
74 comments:
Good morning ilangosir & friends.
Good Morning, Ilango Ji
Good morning Master and seniors..
Good Morning Sir & All Friends.
Good morning Illango sir & friends
Good morning Ilango sir & all blogmates.
Rgds
Saravanan
GM Master n blogmates
Namaste Dear Master and all friends
Have a nice profitable day
Good Morning Sir,
Sir does the JNSAR trade with a filter today, as in the TT it is not mentioned.
Thank you
Namaste Ilango Sir and fellow bloggers.
LV
Good Morning Sir and ALL
Good Morning Sir and All.
Good Morning Sir & Friends,
Parimalji,
Thanks.
I have seen ur mail but hv u sent some picture.
i can't open if so.
ATR Based Trading Signals
Buy Zone : From 6025.8 to 6011.55
Breakdown below : 6008.7
Breakdown target : 5960.7
Sell Zone : From 6082.8 to 6097.05
Breakout above : 6099.9
Breakout target : 6131.7
looks like selective selling is going....
Good Morning Ilango Sir & Friends...
Good Morning Master and copy to All
A trader Said (Rakesh Kaushik)
Bus ke conductor jaisi ho gayi hai zindagi humari, Safar har roz ka hai aur jana kahin bhi nahin..
HUL ke Baad HDIl,
Aur HDIL ke baad TATAmotor
FII badi sayani hai,
Pata hi nahi chalne deti hai aur
nikal jati hai
Bichare uncle TATA motor me bhi fus gaye
Majboor Indian
Good Morning Ilango Sir and JN Friends
Goob morning Master and friends..@ master is it good to enter tatamotor today ??
Hi Hitendra
i have not sent any chart/pics
Why sudden drop in Tata Motors? Is it a buying opportunity
I think we are traveling on mountains as distance not covered but going high and coming down again that much.
http://glitterazi.com/wp-content/uploads/2012/02/tumblr_lyfz9hAAyO1qkrsqno1_500.jpg
goodmornig to sir and all jn members.
Sir ILango ji and everyone good morning
sir can we go short now as trading below jnsar
NF at middle BB on hrly chart just like yesterday, it had a smart recovery. same may or may not happen today! who knows!
@Samona,
Use Filter of 20 point and also Support and resi.
near, so find buy option here.
@ Jay Mataji & SAMONA
Sir mentioned that yesterday was a false break-down. Suggest to be cautious with shorts.
thanks @Jay Mataji
Infy gave a false breakout!
6006 level supported then good up move is possible.
@samona now happen short as per Jnsar at 6021
6101/5988
6011- 80% RETRACE LVL.
BROKEN
Parimalji,
Pl post ur view on HUL.
Thanks.
More Weakness Below 6002.
6000 PE writers covering their shorts. OI below 75lakhs.
@Ilango
Given your premarket comments and support at NS 6000, would this be a potential long trade?
@maulik why sar@6021
Nifty showing initial signs of bouncing off from the deep end of ND Sir's ATR Buy Zone
Vix is going up and strong above 14, NF 6044 will break today itself, trail shorts
AN EXPANDING TRIANGLE DEVELOPING IN NS 5MIN 5 DAY CHARTS
if gets supprt near 6006-5993 range then a big upmove may come for higher highs near 6123 in 2-3trading sessions(or will have to wait more since being near to expiry)
@ Hitendra & Parimal,
You were right about HUL. Today it has filled the gap as well.
VIX index finding resistance near 14.4 and 14.5 levels
Sonu,
HUL is on recovery mode.
It's my observation.
lvls to watch:
508.40 447.85 60.55
462.14 470.86 478.13
485.27 492.41 496.29
462.14 is crossed.
Waiting for Parimalji view.
today LT result day
my guess be4 a good bounce intraday in nifty a lower low can be expected today
Namaste Ilango sir and all,
My observation:
Current low of 6008 NS is exactly at the support line of weekly chart joining the previous 5 weeks lows and has formed a Pennant. Pennants are continuation patterns rather than reversal patterns. Breakdown and close below 20 DMA at 5995 would be a warning sign for more lows.
HUL: outgo for royalty is going to be three times from present level in 5 years. but that is a long term issue. at present retracement is in place since the cut was about 100 points.
Google charts not working.
Is it with everyone or its my local problem.
Pl help
My retracement calculation on Jan18th worked accurately, targets hit like day1 , day2, day3.
Re: Short...full short
by Arun v (View MyPage) on Jan 18, 2013 11:37 AM
Targets 6047-6024- and major falls below 6007, stop is holding above 6083 for 1 hour
@ SJKolkata
Not local,International problem :)
@Satheesh ji nice to see your comment.
21 Dema is important level 5993.
Hi Satheesh
NF at 20dsma at present. the way Smallcap and Midcap indices are acting, it seems breakdown is probable and this was expected on technical ground.
@SJkolkata Mine also not working ji.
Infy gave a false breakout from week-long consolidation level. now again at the earlier level, so may consolidate some more time.
anybody know LT result out?
Is right time to buy Tata Motors.
Parimalji,
http://brameshtechanalysis.blogspot.in/2013/01/short-term-trading-callshuldish-tv-and.html?showComment=1358920699946
CNX Midcap takes a cut of 152 points.
a bounce of Nifty may be sold off.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6059, VWAP-6035
Huge addition at 6000-6100CE, Intra up-move for the day looks remote, Sell on rise…
Thanks & Regards
@ Amol Sharmaji Thanks :)
Hi Parimalji
Hitendra
thanks, noted the content.
Parimalji,
due to site resriction, i can't explore whole artcle.
May u send the content to my mail id.
Thanks.
Sell on rise (with SL) is prudent strategy. i am waiting for a chance. shall share with technical possibility when arises.
Hitendra
among FMCG stocks, ITC is doing well. sorry to say i missed a good chance at 273 dt 11th Jan.
Parimal:
Your views on Hindalco please.
BB
GM sir nd friends :)
DR - ji - ha ha ha .. good one :) :) during expiry.. who's in pain will get "more pain"???
Meri punji kha gaye gore log.
Hi BB
Hindalco (hrly chart) makes a rounding top pattern and at present at the breakdown level.
however, Macd, RSI14 and Stoch are giving indication of positive divergence.
Hi BB
Hindalco again: this can be read also as double bottom pattern.
TCS has its own path not much effected by Nifty, up from 1306,
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