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...
54 comments:
6000 CE writing started.......
master,
is it true that if 2nd wave is irregular flat then 4th wave can enter into 1st wave
@llango Sir y day you said in pre market view
Nifty breached the resistance of "5818-23" briefly.
Next resistance would be @ "5836-42-54".(WEma)
Support would be around 5800 or @ "5777-91"
In this pre market view i brought near 5800 and booked at near 5854, but you r not booked near resistance area KINDLY EXPLAIN
@ saptharshi,
"Shallow corrections/ Time corrections" precede very bullish moves.
Last channel break-out happened @ 5845.
Hour Lead indicator (Above chart) never touched the trigger line.
+ a=c would lead to targets closer to 5970 and if "iii", still higher.
5928 is ultimate resistance.
@ saptharshi,,
Volume was very high during the upmove from 5820.
Thanks Master
Gm master : so part to be booked @ R2 5924 or 618 fib @ 5941..thanking you..
Or hold till new signal emerges??
Ilango said...
@ saptharshi,,
Volume was very high during the upmove from 5820.
March 8, 2013 at 10:10 AM
Master,
how u conclude volume is very high.I have gone through ichart day volume of nifty on 7th march is less than 6th march even it is less than budget day volume.
kindly explain volume critera as i always struggled in identifying volume strong or weak in case of index lin\ke nifty & BN?
also master any change in consevative trade label?
Major IT stocks are in correction mode after big surge in last few days
@Master,
Very Good Morning!
I have 2 doubts.
1. Why We Didn't SAR conservative trade when SL 5845 Triggers?
2. What if market not come @ Conservative trade range 5823-42. or 21Hr SMA.
My confusion is as we didn't SAR there is chance of missing a bigger rally if any.
Thanks a lot!
@sjkolkata , do you marked symptoms of the market, quick down move and quick up moves, generally seems like IHS. do you agree it seems the symptoms of forming may be?
sir, i saw the correlation of the previous 2 waves in 2008 & 2010 whenever prize reached around 6000-6100 levels there is fall towords 5700, 5400ish levels & then 6300 levels without any meaningfull pulback along the way no any red candles even on day time frames please throw some light on it..
y'days volume....(turnover in lacs).....5,79,140.04..in last seven days biggest was on 1st March...6,68,678.28
@ prakashbkc,
7/3/2013 10:00 1245200 5846.5 5846.5 5820.9 5824
7/3/2013 11:00 664300 5823.8 5829.55 5820 5826
7/3/2013 12:00 844500 5826.45 5830.25 5816.25 5822.1
7/3/2013 13:00 509000 5822.35 5829 5819.2 5820.65
7/3/2013 14:00 968000 5820.85 5838 5820.6 5834
7/3/2013 15:00 1976350 5834 5867 5830.55 5863.5
7/3/2013 16:00 3635550 5863.7 5902.8 5862 5900.6
and till now for this series biggest volume was on 28th Feb...9,87,939.43
@ Nitin Kadam,
I have had "troubled phase" the in last fortnight.
I must admit to lack of concentration. And I took extra caution considering the readership.
We have never missed a big rally in conservative trade.
This is the only answer I could give.
Looking back, there were many "indications" for a reversal, first being "Pin bar" in day T/F.
Hence, for this upmove, I prefer to buy into dips presently.
@ prakashbkc,
Study the NF volume in either 30min or 1 hour T/F. Before a big move in the trending direction, the volume contracts to expand.
This is an additional confirmation and "intensity" could be gauged from these.
Namasthe ilango sir and friends,
Today's quote received :
The willingness to listen,
The patience to understand,
The strength to support,
The heart to care,
And
Just to be there.....
That is the beauty of every Woman.....!!!
Thank God you have created Woman for all these qualities...
sir, in 2008 prizes bounced from the same 5677ish level so is this rise likely be the 5th wave?
Ilango Sir,
As per EW how can we confirm 5th /C is ended?
Reagrds
Raj.
Infy: from 2888, a sharp rise to 3004, at present correcting towards 34hrsma. more correction can come by which may be used to go long.
@ Nitin Kadam,
Ilango ji had hinted to us in his reply to my query on Expanded Flat from 5674-5739-5666
The indication was made that : 5836-47 is the critical zone, as it wud imply
1. EOW close > 5WkEMA, &
2. Max. for Exp. Flat C was 2.618xA = 5836
We are seeing both these conditions being met today (Assuming we close EOW > 5847)
If so, the next EW count is ZZ from 5666, C=A will show 5970... keep it thus
Also, OB RSI on hr suggests 2 options
1. C=A will be reversal zone . or
2. ZZ may transform into NEW impulse (hint will come from Option writers activity, which SANJAY JAISWAL monitors wid eagle eyes
HOLISTIC, is the way to TA Nirvana, Master has shown the way !
rgds
लगभग एक वर्ष पूर्व (January 2012) एक प्रोजेक्ट के सिलसिले में मैं Japan के Osaka शहर गयी थी | |
पहला दिन - वहाँ अपनी एक जापानी मित्र से बात करते-करते मैंने कहा कि भारत के Software Engineer दुनिया में सर्व श्रेष्ठ है और कोई भी काम बड़ी आसानी और कुशलता से कर सकते है; उनसे अर्ध-स्वीकृति में सर हिलाया जो मुझे थोडा अजीब सा लगा | खैर, बात आगे बढ़ी और Social Networking पर जा पहुंची |
मैंने बड़े गर्व से कहा की Facebook, Twitter और Linked-in जैसी साइट्स पर अमेरिकियों के बाद भारतीयों की संख्या है | लेकिन जैसे अब भी मेरी मित्र ने मेरी बात पर कोई ध्यान ही नहीं दिया, उसने पुछा,
"क्या ये सभी साइट्स भारतीय है ?"
मुझे उसकी अनभिज्ञता पर आश्चर्य भी हुआ और मन ही मन हंसी भी आई कि वो सच में ये नहीं जानती कि ये सब साइट्स भारतीय नहीं है !
अपनी जानकारी पर पुनः गर्व करते हुए मैंने पूछा, "क्या आपको सही में नहीं पता कि ये साइट्स कहाँ की है ?"
"नहीं, बात ये नहीं है !", उसमे कहा, "मुझे भारत की संस्कृति से बहुत प्यार है और मैं कई भारतीयों से मिली हूँ | सब अक्सर इन साइट्स की बात करते है ! मैं जानना चाहती हूँ कि क्या भारत में कोई ऐसी सोशल नेटवर्किंग साईट है जो भारतीय हो ? जैसे चीन की अपनी है, फ़िलीपीन्स की अपनी है, और बहुत से देशो की अपनी सोशल साइट्स है | भारत के Software Engineers तो दुनिया में सर्वश्रेष्ठ है, आपकी भी 2-4 साइट्स तो होंगी ना !"
मैंने उसे समझाया कि भारत में अधिकाँश लोग English बोलते है और हमें किसी "देसी" साईट की जरुरत नहीं, और वैसे भी हम आज Globalization की बात करते है, तो किसी देसी साईट के होने या न होने से कोई फर्क नहीं पड़ता है |
"क्या भारत के सभी लोग ऐसा ही सोचते है ?", उसका ये प्रश्न मुझे कुछ अटपटा सा लगा, बात आगे बढ़ी, फिर कुछ देर तक तर्क-वितर्क चलता रहा और मैं आदतानुसार तर्क जीतकर वापस अपने होटल के कमरे में आ गयी |
बात छोटी सी थी लेकिन इतनी छोटी भी नहीं .. मैं सोने का प्रयास कर रही थी, लेकिन उसके शब्द मेरे कानो में गूंज रहे थे ..
"क्या सभी भारत के लोग ऐसा ही सोचते है ?
दूसरा दिन - हम खाने खाने गए और मैंने अपनी मित्र से वहाँ खाए जाने वाले चिपचिपे चावल के बारे में पुछा, "जापान के पास सब कुछ है, फिर आप ये कम स्वाद वाला और चिपचिपा चावल क्यों खाते हो ? भारत में तो हम बासमती, हंसराज और बहुत ही उन्नत किस्म वाले, और खुशबु वाले पतले, लम्बे और मुलायम चावल खाते है ! क्या आप लोगो को ये ही चावल पसंद है ?"
उसके चेहरे पर एक मधुर सी मुस्कान आ गयी और उसने बड़े गंभीर भाव से कहा, "ये मोटा चावल जापान में ही पैदा होता है ! यदि हम बाहर से चावल मंगाते है तो उसके लिए हमें बहुत सारा पैसा दूसरे देश को देना होगा | वो जमीन जहा पर सिर्फ इसी प्रकार का चावल पैदा होता है, वो बेकार ही रह जाएगी | और जो लोग इस चावल को उगाने और इसके व्यापार से जुड़े है, सरकार को उनके बारे में सोचना पड़ेगा ! जापान में न तो अधिक भूमि है और न ही प्राकृतिक सम्पदाएँ, हमारी आत्मनिर्भरता और विकास के लिए यह जरूरी है कि हम जापान में उपलब्ध चीजों को भरपूर प्रयोग करें |"
और मुझे पुनः एक दिन पहले के उसके प्रश्न "क्या सभी भारत के लोग ऐसा ही सोचते है ?" का कुछ-कुछ अर्थ समझ आ रहा था ! और मैं रह-रह कर अपने शब्दों और अपनी सोच पर शर्मिंदगी महसूस कर रही थी, "भारत में अधिकाँश लोग English बोलते है और हमें किसी "देसी" साईट की जरुरत नहीं, और वैसे भी हम आज Globalization की बात करते है, तो किसी देसी साईट के होने या न होने से कोई फर्क नहीं पड़ता है |"
मैं शर्मिंदा थी और अपना ये अनुभव लिखते हुए भी डरती थी .. भारतीय Software Enginner होने पर भी मुझे अब पहले जैसा गर्व न था ..
@ Raj,
Getting a confirmation for the "5th ended" would be a huge drop and is not suggested.
Understanding the ST direction helps to make good trades.
@ rk,
Past price behaviour (many years) would not help in identifying the current wave structure. Markets are different at all times as the combination of waves of diff.T/F at any given time is "distinctly different" in each situation.
sorry for taking too much space....but can not resist to share...
very very strong addition in ).I. in 5900pe nearly 15 lakhs intraday
and 5800pe added nearly 11 lakhs
total O.I in 5800pe is 93 lakhs and 5700pe is 99 lakhs
till now bulls are favoured... it may be difficult for bears to break below 5885ns intraday???
thanks master...
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5870, S1-5836, R1-5923, ATP-5918, VWAP-5918
Huge Huge addition at 5900-5800PE, hopping for a move towards 5980 level for the day…
Thanks & Regards
Nifty Rider
Plz use JN google group for such articles
5928 is ultimate resistance, may not be crossed.
shuklaajee yeh kya baat hua? aapke man mein shanka? aap tho hamesha bholtha tha ki cross nahi karega. aaj may not cross kyun?
thanx Master giving insight about volume feature of NF. one thing more where we free NF volume data on hrly or half hrly basis?
@Master,
No intention to point out any loopholes in any system.
I am very much aware of JNSAR|J10SAR|Conservative system never missed a bigger rally.
I am just back-testing some stuffs as per conservative trades that's why asking you so much questions since 2-3 days.
Very Sorry if unwillingly asked you any wrong questions.
I need your blessings forever.
I salute to your humbleness,dedication & Excellence.
Thanks a lot for guiding by timely reply's to my every stupid questions:)
One indeed needs quite a lot of integrity to face a person like Pankaj Shukla!
@cooldent, parimal
With shukla ji best way forward is:
Aise hi kuch zindagi aasan kar li
kabhi maafi maang li, kabhi kisi ko maaf kaar liya
is there anyone who is using chartsdata and can help me from were to download this free data service itried once it is showing error
Master,
A recurring doubt...
when Hr is @ OB, and not enuf data (Candles) exist on Day TA to gauge with the HiFreQ Oscillators on the "nature" of this bounce from 5666,
do we have any toher way to identify if move up is Corrective or Impulsive ?
Jindagi ko itna seriously mat liya karo
maja lene ke liye kuch to pagalpan chahiye
Good Afternoon Ilango Sir and Blogmates.
another small contracting triangle developing(broken on upside as now )
abv 5915 may trgt 5936-40 range
but if false breakout then
below 5897 may trgt 5875-71 range
probably these trgt may come near 1.15pm
Reversal ......towards 5790 first...5950 is limit...else different tgt for higher level....
Jindagi ko itna seriously mat liya karo
Shiv Ratri aa rahi hai Bhaang piya karo
Dinesh Bhai,
Jo gap wa bana hai 5915 aur 5943 ke beech, uska mid point lagbhag 5928 aata hai, to isiliye bol diya ki 5928 khatarnak resistance hai.....
chailye jane dijiye....jo nahi mante unki marji...
sab log khush rahe aur kya chahiye.......
Lolsssss
Good Aftrenoon Master and friends,
Late to the market, just sharing my observation :
1. NS retraced the entire fall since 21st morning .
2. Also this is a Faster retracement, fall took 7 to 7/2 days, retraced in less than 4 days.
3. there is a gap created on 20th 5942 -5914, also 50dma is at 5942 the last MA, left to be conquered by bulls,
4. bullish engul in weekly , last time happened in 8th june 2012. (4770-5068, ), that month we rallied another 4% to close at 5280 levels. the TA was similar in the month of May 2012, where we had monthly close near/ below low ema.
If taking short...better it in April series.......big time....big fall
5840 ....a mid points for 5790
lookin @ OI, Hi-LO and the osicllator action
smelling a bounce on Intra ... If 5884 NS holds,
Flag tgts: 5926 / 5940
@Shriram Ji,
Yup, Agree with you.
Master has shown the way !
No doubt that TA-Signals BUY & Sir explained each scenario very nicely.
I am also in BUY & Holding.
I am Just back-testing some stuffs with conservative trade that's why asking some doubts about it.
Thanks for your post.
@Sanjay Jaiswal said...
Huge Huge addition at 5900-5800PE, hopping for a move towards 5980 level for the day…
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