"5818-23-42" are the resistances(Earlier supports).
"5739-49-61" are the supports(Earlier resistances).
EOD Close should be above "5738 or 5754" for the ST reversal to continue.
As per TT, the first resistance would be @ developing DHEma+10/20 pts which would be closer to the channel resistance @ 5818-23.
I have suggested "Buy on Dips" based on the recent price behaviour & the likely reversal in weekly T/F and the confirmed reversal in Day T/F. Whenever the Hour starts the correction, opportunity for the "Buy on Dips" would emerge unless price break-out & impulse up.
"5739-49-61" are the supports(Earlier resistances).
EOD Close should be above "5738 or 5754" for the ST reversal to continue.
As per TT, the first resistance would be @ developing DHEma+10/20 pts which would be closer to the channel resistance @ 5818-23.
I have suggested "Buy on Dips" based on the recent price behaviour & the likely reversal in weekly T/F and the confirmed reversal in Day T/F. Whenever the Hour starts the correction, opportunity for the "Buy on Dips" would emerge unless price break-out & impulse up.
42 comments:
@ llango sir ji
sadar pranam
Good morning everyone and happy trading to all.
Good Morning sir
Good Morning Ilango Sir and Friends
NIFTY and TATA MOTORS Update: CLICK HERE
Good Morning Sir & All Friends.
Namaste Ilango Sir and blog friends
LV
Good Morning Guruji and Friends
Good Morning Master & Friends
good morning master and blogmates
good Morning ALL
Goodmorning Master and friends
DR Ji Ajj savere savere kee gal ???
Kuch chamatkar hon wala haiga....
Good morning sir & friends
Manish
Lolzzzzzzzzzzzzz
Bulls are going out of channel
need to control them
http://www.funny-games.biz/images/pictures/1051-cowboy-show.gif
Good Morning Ilango Sir and Friends
master kindly requesting you to throuw some lights on the possibilities of 'C' down or 'V' green on the basis of prices and formations. thanks
Namaste Dear Sir and all friends
Have a nice trading session
good morning master and all friends
@drji
bulls ko old channel ke andar to jaane dena!!!
Ilango ji,
Good Morning...
Good Morning Master and Friends
@anmpatelji,
Old chanel 6000 ke upar aata hai. Aur jis tarah bulls ki kamar tuti hui hai. muze nahi lagata ke wo old chanel main ja payenge
BRAMHA LIPI, CHARTS ARE FOR READ ONLY PURPOSE.
Dear debdeep
u were right about the kicker although it is not as described classically.
post pattern behaviour is the all important confirmation of a price pattern or candle line.
this morninigs gap confirms ur observation.
NS approaching 5818/23.
@Nileshji
ha..ha...
hamare(bulls) paas DR hai...
DR said..traders should be like chameleon
i love that sentence...
@ gkm223,
If Nifty is resisted below 5854-77(1st wave end being 5879; 80% being 5910), a 5th wave would unfold toqwards the "rising 200dsma-5600".
However, the fall so far has displayed an "abc" structure & lacking in impulsive character except for the "Budget day fall".
Hence, look for the larger retracement to "5940-5970" initially, holding above DLEma or any other relevant critical number to manage the trade. This is arrived at based on the "likelihood of a min. close above WLEma-5762".
Only a firm move past 5970 initially & then 6022(80%) would open up the "alt.5th wave" possibility.
Towards the end of this month, keep "5772" for monthly whipsaw reversal again.
And keep an eye on "closing above HEmas" for momentum. Closing below WHEma/ MHEma at week end & Month end would keep the bearish pressure on.
In sum, below DLEma, a new low closer to 200sma to be followed by a rally. OR
Holding DLEma, a rally is in place towards 5940-70 and if surpasses it to new highs.
Sir ILango ji and everyone good morning
nifty will crack below 5795-78 zone. watch out all longs. above 5885-92 zone, complete breakout towards 6300
Goodmorning ji and all
Unknown: Why not 6550?
GM sir nd friends :)
OK. OK.. y not 7000/8000 etc., hehe lol
patel ji - dnt forget my budget high :D cross and chase ur bulls for more..and don't forget new moon is very nearby one of my reason for long frm low is - quarter moon :P :( "world;s No.1 confused woman trader"
@anmpatelji,
i also changed my colour. Par kya hai holi najdik hai. kay kare, aapko to pata hai holi main lal rang jyada istamal hota hai.
thanks master for this simple and easy guide.
master if any time frame is corelated to happening of these waves.?
Good morning Master and Team
@Sujatha sis,
Can't believe that you are confused. :D
@Master,
What are the things have to considered for PRICE CONFIRMATION?
@ gkm223,
It should unfold within this month.
New Post Done.
Gm to master & all : thanking you master for wonderful analysis..
Good morning MASTER, Ilango sir, Rishi sir and all noble blogmates. Ilango sir i consider you the representative of our beloved Master,brother i am your younger one, so please hold my hand and keep a vigil on me. i am just an infant here in the market. love u sir
Follow up on -ve hidden div.. opend short with hrly close sl 5823..revised tgt is as per chart
http://www.wikisend.com/download/150904/NIFTY-hidden%20div%20-.jpg
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