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...
56 comments:
BN TA file courtesy Sir Ilango updated and posted on JN google group
The Color of the TT speaks for itself...
Sell on rise in all Time frames :-)
Fantastic master.
morning range low of NF 5693.3, Now broken lets see whether takes support near 5684 yesterday VAH,
the next support level on NF based on market profile is yesterday POC 5667,
asian paint has support at 4860 . break of which will add more weakness ..
@Mr.Suresh,
You talked abt 80% :)
Happened Now! Great.
Chetas, whats ur new no. all gone till now ?? whats the next prediction :) pun intended
Cheers
gap filled
bulls ki sab mehnat gayi paani mai
61.8 gone, 5649 is 80% of last rise.
nifty in red
what a fall
nebody watching CNBC.....wire saying SP all set to withdraw support in a week
RS,
no prediction, just observation of the facts but i do this in NF, do not take me serious ,
now i will watch whether Nf rallies back above 5667, yesterday POC, also today already we are making outsid bar, may be a sign of reversal
note what has happened to ns <5690 and nf <5695
some rumour of Mulayam may pull support from UPA after HOLI hOlidays
these r based on specific calculations:
NOT guess-work or wild predictions
@RS as per technical 5550 also possible.
@Amol
Thanks, I am in as well :)
--> back
Shani Maharaj, blessing us again .. loves RED !
5598-5526 NS is next support zone...
2. Alternatively.. EW angle may be playing out a ABC Flat as...
a 5632 5717 -85
b 5717 5635 82 -96.5% ** done ?
c 5635 5720 -85 100.0%
** Expanded / Regular / Irreg. FLAT view is invalid < 5600 NS
Stay will shorts if we trade < 5600
@ shriram but still 5630 not broken below it 5592
fridays low in danger
asian paint is trading in range og 5030-4860 .. break on either side will give 4-5% of move .. currently took support at 4860
@ amol:
Then place a TSL & watch the trend.
If 5630 goes, next level is 5598 (the 61.8% zone from 4770-6112)
If NS goes < 5600, the Expanded FLAT is out as b > 1.382xA, @ this pt, we shud stay wid shorts , & this will need to be confirmed by brk of 5598
keep watching price clues near supports now
Julius - yeah.. as per morning discussion and 2 pm candle close shorted with TSL with today's high for intra..as usual EOD will protect or close at 5650/57??? posted to hiten 5657 will touch then some upmove will come, but forgot this 38 :P shhhhh. i closed my short as usual long again :(
Thanks
reason for long - nifty future 5640to52 should protect or else v may see very low ( am not able to imagine sofar and not willing to do :P )..so it's better to play both sides or any one side at the right time . i feel time is there for bulls still looks like. my SL spot is 5607
NF 200DMA is 5628 as per my chart, can this number give support!
The Oil Marketing Companies (OMC) such as Bharat Petroleum Corp , Hindustan Petroleum Corp and Indian Oil Corp have incurred losses of Rs 1,61,000 crore in 2012-13 Stock Market India
@master
80% of last rise gone. now any more clue? which retracement to follow now?
thanks.
@Sujatha,
Not a Bad day...
Happy :)
@Suresh & Chetas,
Profile talks are good.
Keep it daily.
"ST is likely to turn up, holding above 5641".
master why 5641, how it comes????
help plz.
J.R.julius,
Thank you.
Everytime i write anything about profile or anything ,I am always scared that it should not give any impression that I am giving a tip or prediction.
I realise how difficult it would be for SIR, for all these days to guide us.
I am happy i can contribute whatever small I could ,
friends please do point out /correct if anything
wrong happens from my side
hahah.. LOL
Suja : N RAM kya, even Maharaj Dashrath will fail to decode ur words !!
:-p
@Master
Is it prudent to assume that its is indeed impulsive down and not ABC (larger time frame) and accordingly alternate ABC setup as projected in the charts above can be null n void
Please guide
Thanks
A small up move from 5638 NF, stopped exactly at yesterday POC 5667 NF,
Nifty after breaking yesterday VAH & poc, now trading below yesterday VAL 5650 and now below yesterday low also,
Lets see whether any support comes at least to hold 5642 yesterday low
Julius - thanks for the advise..deleted my post..i am not thinking much before posting becoz of fast thinking and typing speed too :P :( konjam appadeyeeeeee oru flow - la vandhuduthu sorry..
shriram - :) lolz :) konjam vaallu jasthiyo yenakku?? hehe r u able to understand this tamil sentence?
5625 intraday S1
sujatha ji, you can do, but you can't teach.....
From candle stick pattern on daily chart nothing special except that we are still in down trend.
suja : "tail" or "tale" or "tell-tale" ? ;-P
Today's close will might convert the whole ROW for Month in the TT to RED....
If this happens this will occur after long long long time....
hiten - i deleted my post due to specific reason so what i posted to u also gone .
anyway my new msg to u is - donno abt ur mble msg. but as per me - SPOT 5875/93 and FUTURE 5851/5888 is my line..crossover comes will drag my further lines.. or else no. not resisting here is utter weakness if at all any upside comes from here.
ankita - 199% u r right.. am not fit for that it's an art.. even my daughter will study on her own..just i will guide her how to do what and when to do that's all am attending her "smart class" (educomp classes) and learning from her more :)
average close approx at 5636
kash aj 5623 tut jata to jo 5623 ki subah me pipudi baja raha tha sir k samne , uski hawa nikal jati
CDG,
If i remember correct last time all red , i saw when NS near 4924, may 2012 close,
but in june ist week we reversed, may be same in play this time :))
Julius /shriram ji - ha ha ha i know how and when people will hit sir's blog after all i am a backbencher na???
@ chetas
and that spike lasts till 5631.
OMG - protect and save me and me only :P :) from my own lolz
@ Chetas:
tab shani maharaj ka support tha coalition ko, parantu ab , vastu-stithi badal gayee hein ?? ;-)
it seems cac-40 marching towards century.
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