Thanks JRJ Sir. I was also looking to short at open but as Nifty didn't moved upto H3 didn't short and also today the SL is quite huge of 40 points.
Dear sir,Inverted head & shoulder pattern breakout under progress in tataglobal today on daily charts at level 135.
@Debdeepji,Here we use SL 20pts(enough). In rare cases we can use chart sup/res/orb+filter as SL.
ok JRJ. Btw, what's the value of filter (3 points?) and ORB time frame? ORB=15mins or 30mins or 60mins?
Itc is at resistance of 310-309.. daily close above the same will push share to higher level
Itc weekly Chart : https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/534091_152490641593737_960048841_n.png
Hello, Newbie question - if we see NF in discount can we infer that we can see a fall soon or we ignore the situation and concentrate on JNSAR and tech table reason being as new to trade i wish to understand and eliminate all distractions Regards
TOTAL O.I in 5700ce is much more than 5700pe as of nowaddn in O.I today is near 3 lakhs eachbut i think till some unwinding does not start in 5700ce or strong addition is done in 5700pe till then nifty may trade in small range to eat prem of options
@ poonam mishra ,Do not see world market futures: More traders have lost money than gained looking at other markets.Do not see the premium & discounts of NF: Everything is available in the prices and TT. We have seen Nifty falling 15% with its Premium intact.
NF is in discount nowbut by eod it will be again in 10pt premium
amit9765,what is the target price for Tata Global.
NF 5758 is the swing high
Keeping below "5725", "Flat" correction would continue.
@Debdeepji,3pts ok.Time doesn't matter, meant Day High/Low!
Hello, Thanks , got one of my notions cleared, many more to go.Regards
NF 50DMA comes at 5776
Thanks JRJ Sir for the clarifications.
gm master dr ji , julius sir n all
@Mr.Sandeep,Good MorningHave a Profitable Day.
addn started in 5700pe and 5600peunwinding in 5700cechg in O.I in 5700pe...5lakhscng in O.I in 5600pe...8 lakhschg in O.I in 5700 ce ...6k(was near 3 lakhs 30min be4)
Gm to all ..Above 5725 a gentle reminder of earlier gap 5744.95-5748.10
Those who have booked full as per JSAR trade ; if looking for reentry then mkt gave best one @ fibo as mentioned by Master of simply PSC @ 5683 with sl of 20 pts.
of : OR***
@drjicongratesyour bn drsar gains almost 1000 points.bravo man!i am lucky to have companies of champs here and field master like Ilango sir.thank u all seniors and friends.
typoread as field "marshal"
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5648, R1-5757, ATP-5704, VWAP-5704Huge addition at 5600-5700PE level, looks like 5700 maybe held for the time being, intra longs need to tighten there Stop Loss…Thanks & Regards
Hi, dear sir, last night u post "EW " 2 min chart ,so accroding to that we r in wave 4 or wave ivplz guideregards, alpesh
My strategy is to keep trailing with a stop loss at 10 day sma on closing basis.
@NSB,Tata global is making an ascending triangle pattern : Target is 139 - 140. 89 Day EMA, 21 Week EMA and 34 Week EMA too resides here.Also a seemingly inverse head and shoulder pattern..target of 145+. Hence first target is at 139.Raghavendra
Thank you Sanjay Jaiswal sir
Hi Raghavendrahave a nice day
@ Alpesh , Dk ,"iv" is on till below 5725 to be followed by "v" to completed 3 , provided 5666-61.8% retrace is held.
@ Pattern TradingCongratsLV
Parimal ji,You too sir...Raghavendra
@ The_Unprejudiced_ObserverYes,it works as a staircase step by step as per Tech-Table.As price unfolde it contains both day & w T/F momentum.Rest ride the trend till last with sitting tight with SLO also.
@Master, a = 5478-5610 (132)b = 5610-5501 (109 0.82%)c = 5501- 5722 (221 1.61%)Is it a another count for a of B complete today?
Master one qtn if you feel worth to answer. This V can be truncated one then to follow 4 and for 4th a,b,c and then again 5th..is it like this wave unfolds??thanking you..
@Parimalji,Watch Siemens Good pick
@ S4S :-WW on 5mins intra , pt 5 under formation ?
@ Atharva,We have seen a Flat correction.We saw a running correction.Now, again we saw a flat correction with truncated "c".Hence, "v" will not be truncated.We could have waves sub-dividing, compelling us to change the sub-labels.(As long as 5666 holds)
Hi Nilesh Patilthanks, siemens did 5 waves down and abc correction, upmove, only concern is thin volume
Flat corrections suggest inherent bullishness.Running correction suggests "Impatience of bulls".Only a zigzag suggest weakness.Triangle would suggest the top is around the corner with the next high.
@Parimal,61% retrecement is there of total upmove with +ve div. As per me it is enough for initiate long. with 21-34 is also done on hourly.
5477 to 5721=244*50 & 61.8%=5599/5572...will it work before expiry??
@ Nilesh Patil,Even if it is an "abc" of A, I would expect it to travel much more before the "B" starts, considering technical position.
Ilango ji,A slightly diff. doubtIf Nifty is impulsing , would expect some +premium in NF wrt spot. But we hv witnessed NF in discount even from ysdays 100+ pt moves...Why is this premium not appearing, if we hv turned around ?
Raghavendra . Thanks a ton
dear shriram,-ww (does it mean bearish wolf wave?what is point5? would you explain please
my eyes were fixed on Sun Pharma, it is on a big roll
Thank You Master
Yes-WW intra pts, seen for NS, on Goo-Fin1: 5721.12: 5682.453: 5621.74: 5703.655: ** under formationTgt: 1-4 line
thanks shriram,point 5 to be normally below point 4.is it not so?
siris wave 4 is triangle type correction?
@ shriram,Why is that saying: Bull market moves with walls of worries.Worrying could cause discount.I would change the aggressive style below 5666.OR let the prices close below DHEma for us to start worrying about corrections or premature reversal.
Thanking you master..got some more insight abt EW..thanks once again...
Tks ilango ji@ mahekovoor : in a -WW Pt 5 Always > pt 4NS nearing Mn RES zone 5740-50
dear shriram,I think I understood now.if it all,there is a point 5 formation,the target may be point 1(5721-5703=18)means 5685 or so.kindly correct me if wrong.eventhough I have been in the market for long time,only recently I am trying to learn the technicals,as such this silly questions.
New Post Done.
@ Shriram5734-39 range will be stiff res range for nsif -Ww holds then 5697 near 1.00pm