Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
30 comments:
Gm Master and to all JNians....
nice tutorial master, i will follow the above rule.
5933 IS 55EMA IN 5 min charts
will it lend support???
Good Morning Ilango Sir and Blogmates.
5922 is support .....
"30 min google chart" shows a reversal candle pattern of "Evening star" in OB zone.(5965-70)
possibility of a small bullish WW developing
ns may move up near 5950-55 range to form pt4
may dip below 5930 to form pt5
and then move up again towards 5970 near 3.00pm
is it matching with any other analysis???
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5950, R1-6000, S1-5919, ATP-5966, VWAP-5966
The PE writers are at it again, with 2 strikes 5700 & 5800PE OI now above 1 crore, and 5900PE OI has just gone above 72 lacs, Based on the above "BUY THE DIPS" looks a better option…
Thanks & Regards
GM to sir and all friends..... OI today add in 5900-5800 put 7.50 lac and 9.25 lac total 5900 put OI is 71.64 lac and 5800 put total OI is 1.03 cr .... and call 5900 add 2 lac and 5800 call decrease 1.63 lac
Namasthe ilango sir and friends,
Today's quote received :
One rose from the right person has more value than a whole garden from the wrong one.
nifty yestarday ATP is in future 5940
Good Morning Master and Friends...@ Master we had a turned down Monthly TA last Month now we have weekly reversal attempt....we always give importance to larger time frame considering this how to approach this short term reversal attempt????
Good Morning Ilango Sir and Blogmates.
good morning sir and all
Ilango ji,
rather, the fall with the hiFreQ oscill on google , looks like a corrective & also a +ww !
Holding 5911, can we seek 5960-80 again sir ??
is that lebelling correct?
wave-1 4531.50-5629.95=1098.45 pt
wave-2 5629.95-4770.35=859.60 pt
wave-3 4770.35-6111.80=1341.40 pt
wave-4 6111.80-5663.60=448.20 pt
wave-5 5663.60-xxxx
wave-5 may be extended due to wave-3 is less than wave-1*1.62
@ sudharsan,
Month turned down with a close below MEma but "above MLEma" suggesting "absence of downward momentum".
While month gave a sell, week was bottoming out along with day TA having +ve div. And this was the "New signal".
When the current uptrend shows signs of exhaustion before the 80% retrace and gives a sell indication, only then the higher T/F would assert itself effortlessly.
Dear Ilango,
do you fallow any hedging to safeguard your positions from sudden changes?
After considerable surge in major IT stocks in last few days, Infy and TCS are in correction mode (Infy day has negative divergence), while Wipro, HCL Tech, Tech Mahindra are consolidating.
@ km,
As long as your position size is Small, hedging is not necessary.
One could avoid hedging situations and wait for market to return to normalcy to take positions.
Larger positions would need an insurance; hence, hedging.
Our approach is to
Get Rich slowly and quietly.
@ parimal bhai since you mentioned about IT stocks i cant resist myself from posting some charts ...
IT index chart :
http://1.bp.blogspot.com/-WlsSYZfNTk0/UTiw1h1q-XI/AAAAAAAAA2c/SMmNLBovYPs/s1600/NSEIT.png
HCL Tech chart
http://1.bp.blogspot.com/-5Qz_nTj8ueU/UTi0Vexa23I/AAAAAAAAA20/VlpW26-bWWc/s1600/hcltech.png
Wipro chart
http://2.bp.blogspot.com/-YkeLMOI7N24/UTizSIGfskI/AAAAAAAAA2s/3L_VhUebRoE/s1600/wipro.png
GM master
hi ,
When you say OI increased for 5800 PE, does that mean put sellers are writing contracts assuming market takes higher levels ? or assuming it to come down to 5800 levels. People reading it different.Confused. :(
@ shriram,
The corrections during this rise have been of maximum 28 points only.
Hence, larger corrections are possible only below day's low @ 5935.
can anyone suggest for real t data provider cheap and best sice my free datafeeder is not delayed data nowaday
Ilango ji,
Thats the doubt , because Evening star on 30mins is negated now by ticking over 5957, isnt it sir ?
New Post Done.
@ anandha
your confusion is right,
lets consider some assumptions like
a. option writers are smart money people
b. any one can buy something which is available
now lets think that,
as options writers are smart most of the time..
they write only those options with the least chance of getting closed well in the money.
so when 5800 PE OI very high they its nearly unlikely that 5800 will be broken.
do analyze other strike price OI for better understanding
Sir I would like to know in the higher timeframe what can be the possible targets and the time it can possibly take to achieve it.
Regards,
Ashutosh Kumar Agarwal
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