"5739-5749" is the resistance zone while "5664-5674" is the support zone as shown in the chart.
This is based on pure "Price study".
"5724" is the 80% for the fall from 5739 to 5664.
Bulls will be "out of the woods" only when you spot a reversal pattern and +ve div.
Though 9 drsi shows +ve div, prices haven't confirmed it.
In a 12345 move, 1 ended @ 5879; hence "5879" should be the positional stop or the 80%/61.8% of 5971 to 5664(or new lows).
Alternatively, if the fall is of an "abc" kind, trade the "channel break-out" around 5750 for the day.
So far, all the rises have been "sold into" within "channeled moves".
This is based on pure "Price study".
"5724" is the 80% for the fall from 5739 to 5664.
Bulls will be "out of the woods" only when you spot a reversal pattern and +ve div.
Though 9 drsi shows +ve div, prices haven't confirmed it.
In a 12345 move, 1 ended @ 5879; hence "5879" should be the positional stop or the 80%/61.8% of 5971 to 5664(or new lows).
Alternatively, if the fall is of an "abc" kind, trade the "channel break-out" around 5750 for the day.
So far, all the rises have been "sold into" within "channeled moves".
37 comments:
Good Morning, Ilango Ji
Good Morning Ilango Sir and All
Have a nice trading Day
Regards
Suresh
Good Morning Sir & All Friends.
Good Morning Gurudev and friends
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good Morning Master and all the blog mates.
Good Morning Ilango Sir and Blogmates.
Good morning and Have a nice trading day to all.
Ilangoji,
Good Morning..
Good Morning Master & Friends
Good Morning Ilango Sir and Blogmates.
Good Morning Guruji and Friends..
Good morning sir & JN friends
Namaste Ilango Sir and blog friends
LV
Good Morning Master and copy to All
Ankita Lolzzzzzzz
http://millennialmarketing.com/wp-content/uploads/2010/11/IMPACT_kickLikeGirl.jpg
good morning master and all
@dr
lol....
GM sir nd friends :)
Sir - thanks a ton onceagain ,and my pranams. i know Investing.com charts..but becoz of delayed time i never used. Your guidance gave me a "splash" in mind..worked out something along with my nos. i booked out now @ 30 SMA weekly :) now trailing my SL nd holding. this weekly 30 SMA cross will give some moreeeeee for sure. Always "hints" from you is enough for my trading instead 'EW" :)
Good morning sir and blog friends
for nifty future - am getting 5763/784 can any chartist check what is there???
Is there any charting services (Google, Yahoo etc) for Nifty Futures? can someone please help?
Thanks a ton!
Good Morning Ilango Sir and Friends
Sir ILango ji and everyone good morning
Namaste Dear Sir and all friends
Have a nice trading day
does any one use HAKIJA to download EOD data
Good morning master & JN family
Have a nice day !
Akash Roy
Pls send some samples
GM Master & JN family,
If Expanded C as discussed ysday, py. tgt is 5756, then 5780... if a reversal to 6112-5666 , then fibbo levels will be RES zones.
Have a nice day !
GM everybody!
Good morning Master and Friends
5800 CE OI increased in first 45 minutes...5763 is limit for today at least.....today close above 5725 which was expected y'day.......
Seniors views on Tatamotor pls
Master,
closing above 21hrSMA for the first time. ORB breakout above 5743?
Merc
Gm to all : Price @ 21 SMA sandwich betn 21 & 34 sma.. time to open short??
34 sma @ 5753..will reopening of short advisable??
test
New Post Done.
suja mam
a 4th of some degree seem to have ended at 5739 and a 5 of the same degree has ended at 5763.
5739 hence was a given today but the speed at which it was achieved makes more retracement possible targets for spot between 56/71/81.
trailing with open low same at 5722.45
As ur ready to take a risk on a contrarian view early as u did yesterday please ceitique the above observation.
thanks
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