Not following TT signals when Nifty attempted a reversal from the "5664" low is excusable considering the downtrending higher T/f.
But not following TT signals when Nifty attempted a reversal from the critical "5971" high is not excusable when ST aligned with higher T/f.
"5823-42" was the support talked about during the earlier fall from 6112.
"5818" is the 50% retrace; 5781, the 61.8% retrace.
Also Nifty consolidated @ "5801-29" levels before making the recent high @ 5971.
10DMA @ 5823 & 34 & 55 DEma @ 5881.
Technically, Day turned down with a close below DHEma on 12th along with Hour TA and both the T/F are in downtrend presently. Hour could bottom out during the day; considering the day trend, it could be a bounce.
But not following TT signals when Nifty attempted a reversal from the critical "5971" high is not excusable when ST aligned with higher T/f.
"5823-42" was the support talked about during the earlier fall from 6112.
"5818" is the 50% retrace; 5781, the 61.8% retrace.
Also Nifty consolidated @ "5801-29" levels before making the recent high @ 5971.
10DMA @ 5823 & 34 & 55 DEma @ 5881.
Technically, Day turned down with a close below DHEma on 12th along with Hour TA and both the T/F are in downtrend presently. Hour could bottom out during the day; considering the day trend, it could be a bounce.
39 comments:
Good Morning Ilango Sir and Friends
NIFTY and AIRTEL Chart update: CLICK HERE
@ Pattern Trading,
Please do not post your blog links here.
Good Morning Master & Friends
@master ..
sorry .. Will delete it ...
@ master ..
Sorry .. but my intention was not to spam this space.. i have seen many people spamming here .. my intention was just to share study like many people do here ... anyways will avoid it in future ...
@Master n JNfmly
A very Good Morning....
Namaste Ilango Sir and blog friends.
LV
Good morning Ilango sir & all blogmates
Rgds
Saravanan
Good Morning to All
Master ilango and friends,
Good morning to all
Regards
Not so Common but Common Sense:
A man who was driving a car with
his wife was stopped by a police
officer. The following exchange
took place.
The man says, "What's the
problem, officer?"
Officer: "You were going at least
75 in a 55 zone."
Man: "No sir, I was going 65."
Wife: "Oh, Harry. You were going
80." (The man gave his wife a
dirty look.)
Officer: "I'm also going to give
you a ticket for your broken
taillight. "
Man: "Broken taillight? I didn't
know about a broken taillight!"
Wife: "Oh Harry, you've known
about that taillight for
weeks." (The man gave his wife
another dirty look.)
Officer: "I'm also going to give
you a citation for not wearing
your seat belt."
Man: "Oh, I just took it off when
you were walking up to the car."
Wife: "Oh Harry, you never wear
your seat belt."
The man turned to his wife and
yelled, "SHUT YOUR MOUTH!"
The officer turned to the woman
and asked, "Ma'am, does your
husband talk to you this way all
the time?"
The wife said, "No, only when
he's drunk."
Namaste Dear Sir and all friends
Have a nice trading day
good morning master.
can i read if "v" unfolding then,
"V"th A= 5663 - 5971
B= 5971 - ****?
Good Morning Sir & All Friends.
Namaskaaram GuruJi and Brother & Sisters
Have a Good Day :)
Good Morning Sir,
Namaskaaram GuruJi and Brother & Sisters
Have a Good Day :)
Good Morning Ilango Sir and Friends
sir
the B is unfolding and it must be of complexity 2
in which a with complexity 1 is done a zz at 5971
b is on possibly a dzz
5816 to 5780 is a good place to watch for a reversal may be
Good Morning Guruji and Friends
5883 intraday reistance.
5835/5821 ......
Infy: an updated TA file (courtesy Sir Ilango) is posted on JN google group. Key numbers are:
close: 2863.5
5DEMA: 2916.4
HEMA: 2942.5
LEMA: 2901.4
J10SAR: 2918.8
S2: 2828
S1: 2845.7
Pivot: 2868
R1: 2885.6
R2: 2907.8
R3: 2925.5
Good Morning Ilango Sir and Blogmates. Crucial support at WeekLema-5789.
good morning master and friends
today HA open-high same at 5891.63
thanks.
both gone..now 5790/5765
What a fall
5781 fibo retracement wait ................
Forget News follow price News Based Fall
Saying some Banking scam ,, go with Price is Only we trader need to do ,, Forget News follow price
gm sir nd friends :)
Julius - Kutralam season starts early??? when is "niagara"???
threatening 5800
Niagara Falls
BANK INDEX 2% DOWN
Good Morning Master views on TATAMOTORS pls...Has the corrective rally over and the next downmove started???
New Post Done.
fight on to protect 5800
mkts getting volatile
is it an indication of reversal??
NIC is a powered product wherein we generate an intraday buy or sell call in Nifty with a small stop loss of 20 to 30 points and a similar target.
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