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...
42 comments:
Plz share this message to all your friend and relatives and also share to facebook and other social media.One of my relative is admit in hospital ,she is in ventilator and in critical position ,doctor has prescribed injection which cost around 4lakhs(RS 15000 each injection cost and 25 need to be given) and one operation to be done which cost 2lakhs people who want to donate can submit at the state bank of india ACCOUNT NUMBER 20093637587 PLZ COME FORWARD FOR THIS NOBLE CAUSE.
@ 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 (writers make it available by writing it)
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 as most of the time high standing OI act as price brackets indicators.
happy trading
GA master you said reversal signs @ 5965-70 , so can we take conservative shorts here pls guide or at which price reversal signs negates...thanks
@Master thanks for the reply
Dear Ilango,
it look like there is a crossover at lead indicator ( a smooth one & which is rare ) what it indicates is it a short signal or we need to wait until the gap is opened up. how to trade that?
5954-50 range ns is immed supp now
cmp 5957
if didnt break below it then may possibly test 5981 levels intraday
the 5970-71 level fighting is on.
Plz share this message to all your friend and relatives and also share to facebook and other social media.One of my relative is admit in hospital ,she is in ventilator and in critical position ,doctor has prescribed injection which cost around 4lakhs(RS 15000 each injection cost and 25 need to be given) and one operation to be done which cost 2lakhs people who want to donate can submit at the state bank of india ACCOUNT NUMBER 20093637587 PLZ COME FORWARD FOR THIS NOBLE CAUSE.
I am asking this, only in the context of lead indicator,
it look like there is a crossover at lead indicator ( a smooth one & which is rare ) what it indicates is it a short signal or we need to wait until the gap is opened up. how to trade that?
"5970-71" being the top of earlier consolidation top & NIfty price reaching it with ST OB indications, profit booking is advisable and aggressive "intraday shorts" too.
Positional shorts could be considered only if the prices close below DHEma.
Until then, "Buy on Dips" for positional is the right approach.
Is there Inverted head and shoulder in formation on sirs 1 hour chart .. dip till 5879-5854 to finish right shoulder and neckline around 5970 ??
Following observations.
1. Touched 5971 , a=c.
2. Negaitve diversion in RSI
3. Small wedge broken on down side
4. Clear 5 wave down from 5971.
Could this be the indication of the game over by bulls?
A "pin bar" candle may be developing in "Hour T/F" if closes around 5950 @ 1.00PM.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5950, R1-6000, S1-5919, ATP-5970, VWAP-5970
Another day of Huge addition in 5900-5700PE level, only positive for the Bears is that they are still holding onto 6000 level for the time being…
Thanks & Regards
@ Rajvada.
Yes game over by bulls and now bears will take control over the game
break of 5945 ... nifty will target 5910 ...
The Pin Bar Candlestick most powerful candlestick reversal pattern.
Where to look for a Pin Bar Candlestick ?
◦Previous major swing highs or swing lows
◦Any major levels of Support and Resistance
◦Pivot Points
◦Trend Lines
◦Round Numbers
◦At Fibonacci levels
◦Where there is strong confluence or a combination of many of the above points
Pin Bar:
http://www.brameshtechanalysis.com/2013/02/pin-bar-powerful-price-action-setup/
I am posting a USDINR chart where the bullish channel seems to have been formed in near term, the support comes to around 54
http://imgur.com/sWQGp4M
Any bounce in USDINR should cap the upside in nifty ?
@ Rajvada
From what I have one of the most powerful candlestick patterns is the Kicker signal (both bullish and bearish)
We had that signal on 3rd March.
Observations :Only Mechanical Trend following :
Nifty H.C 3 PM 5703 > 5H HEMA 5702 & H.JNSAR 5702
So far not closed below 5 LEMA even single time.
Usually if goes 12-15 points below 5HLEMA,I-D sale momentum
aries.Till the time one shold not thingk short.
@Julius,
Off cource from google. For benifits of others when Master pointed the Pin Bar.
Di you mean else?
H.C 5703 on 4th March 2013
@Pattern Trading
hi you are doing a real good job @ your blog.
good luck
World futures slowly started Redening now
@ Rajavada
hi bro, after your last comment,
i just feeling like listening to cricket commentary on radio in older days :-) go on
Hi,
Can any please share latest TA file for bank nifty.
regards,
Raghav
@km .. thanks for your kind gesture ...
Raghav
i can update BN but i dont know how to share or post the same in GoogleGroup of JN.
@ Parimal,
From your mail, compose a message, attach the file and send it to
justnifty@googlegroups.com
Dear Ilango,
please let me know how to join JN group.
Thanks Sir Ilango
shared the BN TA at JN group
rgds
some unwinding started in 5800pe
is it profit booking or some downmove coming???
@STOCK4SURE
good & timely point....
just working on the same
lull before the storm
@Md Anwar,
Would like to help. If genuine, post your phone number and I will contact you to get the details
New Post Done.
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