There are two "converging trendlines" in the "Price chart".
Prices are right at the midpoint. High reward low risk entries would be closer to these trendlines.
Upper trendline would be around 6135 & the lower around 6030(80%).
I have considered 6017 as the end of (c) of d or ii.c.
We do not know what the RBI would do..booster or puncture..
Follow the price trend as it unfolds.....
Prices are right at the midpoint. High reward low risk entries would be closer to these trendlines.
Upper trendline would be around 6135 & the lower around 6030(80%).
I have considered 6017 as the end of (c) of d or ii.c.
We do not know what the RBI would do..booster or puncture..
Follow the price trend as it unfolds.....
26 comments:
Goodmorning ilango sir& blogfriends. Have a niceday.
Dear Master and all JN Friends
Goodmorning and have a Profitable Day !!!
Good Morning Sir & All Friends.
Good Morning Master and copy to All
Dow Theory is very basic and more than 100 years old but still remains the foundation
of Technical Analysis.
Charles H Dow made Six principles
and the 6th one is
"Trend Remains Intact Until and Unless clear reversal signal Occurs"
Second one is
"The Stock Market Have three Trends"
1. Primary Trend
2. Secondary Trend
3. Minor Trend
Dow Theory says secondary trends are found within the primary trend i.e. corrections when
primary trend is rising and pullback when primary trend is falling.
The minor trend is generally the corrective move within a secondary trend,
more precisely moves against the direction of the secondary trend.
Very Good Morning ALL
I will say, I wish excellent trading day to Just nifty blog mates. (As Always.)
Goodmorning ji and all.
Namaste Dear Master and friends
Have nice day, wait for RBI
Namaste Ilango Sir and fellow bloggers
LV
Good morning Ilango sir & all blogmates.
Good morning sir and everyone...
is it possible to set price alert in Google finance or any portal which give live price feed like Google finance
GM DR
Thanks for reminding important points on market behaviour. Kindly do it regularly and indicate where we are currently.
Regards,
LV
Good morning Illango sir
Dr. Venkatapathy Sir,
Good Morning
P is intact
S is in Play
M is troubling - DOW says ignore M
Again and again I read basics and find hidden mantras in such a simple terms.
Good Morning Master & Friends
Dr. Venkatapathy Sir
Plz check mail :D
R/Ilango Sir, Namaste n Namaskaar 2 all reader's.
Good Morning Sir and All..
Have a nice day !
ATR Based Trading Signals
Buy Zone : From 6046.3 to 6032.05
Breakdown below : 6029.2
Breakdown target : 5979.2
Sell Zone : From 6103.3 to 6117.55
Breakout above : 6120.4
Breakout target : 6150.2
Yesterday's assessment of financial states and released preview by RBI is not quite encouraging towards any rate cut.
GM Master & JN Family,
The -ww mentioned ysday has almost achvd tgts of 6050-60 @ open itself.
Now lets see if the larger +WW forms over next 4-8 hrs , tgting 6100 ...
cheers
GM Ilango Sir & Friends
Res @ 6072-6075
sup @ 6020-6023
Sir ILango ji and everyone good morning
@dineshbhai,
what i understand primary upmove is going on since 5548. we made a figh few days ago. secondary should be down we are not going down but up in very slow manner
Good Morning Ilango Sir and Blogmates.
Dear Sir,We all hope your dear mother is recovering well.
typo high instead of figh
any comment on jpassociate call i feel it will b positive
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