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...
43 comments:
good morning master, nifty continues its higher high and higher lows, today also to be watched and the hurdle 5970-71, finger crossed.
master if i go long or continues my long according to weekly jnsar and pivot , high emas , if surpasses. then how much point should be the stop loss. plz guide.
Good Morning Ilango Sir and Blogmates.
Good Morning, Ilango Ji
Good Morning Guruji and Friends
Good Morning to one and all....
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good morning master...
Most probably by the end of this week we would be closing above week JNSAR also... this upmove should not be taken lightly... and bearish thoughts should not be visited unless we get a day closing below D-JNSAR which is at 5807... too far away :P
Good Morning Sir and dear friends.
Have a great trading day.
Namaste Dear Sir and all friends
Have a nice trading session
Ilango ji,
Good Morning..
sir ji,
Good morning,
bn-s showing signs of weakness < 12202/12195
Namaste Ilango Sir and blog friends
LV
sir
it is always tendency of the mind which starts saying the market has gone too far too fast . in reality the market does this in trending moves in impulseives and extended correctives as in the present upmove.
Taking a closer look at the last downmove from 6118 it is clearly a ZZ corrective c>a.
internally it shows a zz followed by a irregular flat and a zz. the top of the flat 5971 has been reached in 5 days compared to the 9 taken by the c.
internally the upmove shows a impulse staring at 5663 to 5814 then a abc irrgular c failure flat.
a 5816 to 5795
b 5816 to 5828
c 5828 to 5801
after which another impulse to 5971.
hereon 5800 to the any new high (last high is 5971 of yesterday) retrace 61.8 (at 5866 for today) is the decider whether it is a corrective zz or a impulsive fifer.
staying long and booking profits is staying with trend as u have shown.
going short while good for short quick moves perhaps intraday, is going against the trend.
this view is till clear signs of reversal appear in the daily charts
GM Master n JNfamily
Lead indicator has turned down, may be some healthy correction would come by as also has been indicated by the Master.
Sun pharma is trading very close to upper end of price channel and room for upmove is limited..
same is case with hcltech ..
NIFTY Main Trend :
Higher High Higher Low in hourly T/F since bottom of 5664
5664 5828
5801 5914
5892 5971
Till holding 5892 as Main Trend is " UP "
Sir ILango ji and everyone good morning
Good Morning Master and Friends
Good Morning Sir & All Friends.
Good morning sir & friends.
Today IIP data.
Good Morning All
seems another day of small trading range
Good Morning Master and to JNians...
IIP data may be non event
good morning master and friends
today HAopen-low same at 5904 and also developing 5DEMA 5901, multiple support around 5900 in fibo retracements and averages and OI.
have to go. all the best.
thanks.
seems writing atarted in 5800 and 5900pe
and 5900 and 60000ce
good morning to everyone
Its showing weakness......not closing above crucial 5950......now lwt it close below last day's close.....I am waiting for that
5800/5700 PE OI 1CR+.......will act as a wall......but experience shows.....if wall broken decisively then deep cut happens......OI building in next 2/3 days will suggest something more concrete......
For BN...12240 or for more safe 12290 is limit ....
today any data points ?
Good Morning Master & Friends,
@Master
From where do you take this no. 5963?
5964 is WHEMA Nileshji
@ Nilesh Patil ,
"5963" - 80% retrace of yesterday's fall-5971 to 5930.
Goodmorning ji and all
a small bullish WW developing in ns 5min charts
Trading range locked in 5950-5935 today for some more time
may make a lower low near 5925ns and may move up towards 5971+ near eod
Thank You Master
NF....not making new low ..but PEs are making new high....5800/5700 particularly
Even in 5600 PE...
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New Post Done.
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