Good Morning, Ilango Ji
Raymond chart: http://2.bp.blogspot.com/-_5H9N4qIETE/UW1dTR4V95I/AAAAAAAABDc/xMCYdGuB5uQ/s1600/raymond.pngRaymond is falling in a well formed downward trending price channel. There is huge positive divergence in daily chart. Weekly charts are in oversold zone.Resistance Zone: Trend line resistance:- 2745 week close Ema :- 273.521 days Ema :- 274.5So based on above studies it can be concluded that 273.5-275 is an area of resistance. conservative buy can be considered on high volume break of 275 for target of 282,288 and 295. Hindalco Chart: http://3.bp.blogspot.com/-2XANXIuV7KY/UW1aw2oeyaI/AAAAAAAABDQ/PzGP5VQk9GY/s1600/hindalco.pngHindalco has came out of downward trending price channel and consolidating below resistance zone of 93.5 to 94. Share closed just above 5dhema. Based on moving averages and trend line it can be conclude that 93-94 is a resistance zone. Close above 94 will give breakout to consolidation for target of 98 and 103..
Good Morning Ilango Sir and FriendsNIFTY Chart analysis: CLICK HERE
@ Pattern Trading,You may also post links like how "SAN" does.Your charts are clean and objective enough.
sir ji, Good Morning,ltp=5688.95 & W-5D-ema=5655then week dn ??
@Master .... Thanks .. .this is my best day of my trading life .. as i got compliment from my master ... Sure i will do it ... Thanks again master your comment has boosted my confidence...
Good Morning Sir & All Friends.
Namaste Ilango Sir and fellow blog friends.LV
thanks rajapvt for ur kind suggestions, my failure, at the same time, sorry to i lango sir also, that i never went to study that link. as of now, i was expecting ready to eat feed considering current scenario, which is being provided by sujata( thanks SIS) botheration, offcourse will be again and again to you, what i understand from your comment is that 1. nifty remains a buy without a retracement to 5615 also, b coz it might get support at 5 ema on hourly or daily time frame, ( thanks for drawing my attention towards this column as i was ignoring this column till now ) 2. your over all view remains neutral to negative for nifty on current levels, that s why u are not a buyer on it, even after a cross of 5718 . BUT what about a strong possibility of a higher retracement since after 38.2 % retrace, it will definitely retrace to higher retracement. do u view a resistance at weekly high ema's, that s why not interested to buy immediately for a b/o above 5718 kindly guide and keep getting bothered, thanks regards meanwhile SGX bouncing like anything and right now @ 5724. OM SAI RAM.
Good Morning Master & Friends
Good morning sir n blogmates.currently I m on short, what should I do please guide.Thanks
Good Morning Master and copy to AllCongrats "Pattern Trading"I appreciate your patience - see the fruit of patience its always sweet. Wish you all the best :D
@dr sir... Thanks :)
respected sirgood morningwe have whole lot of resistances in the range of 5735-5742 ( monthly 5 ema's, last month high, weekly high ema's ).i completely understand that nifty, after crossing 5718 ( most likely today morning itself) is a case for a higher retracement towards 5795 ).my humble query is, whether we should go immediately for a buy after a cross over of 5718 for a higher tgts towards 5795, or wait for retracement for the sameand then my another query is , how do u arrive at the figure of 5755-5758 for today morning and also of 5825.kindly educatethanks regardsOM SAI RAM
Good Morning Ilango Sir and friends. OI data yesterday EOD indicates FII have booked profits in long.
dear friendsinspite of higher dow jones, hang seng , nikkei, avg RIL results, and bullish tone, nifty will remain in resistance zone today morning, and then hang seng after having retraced for its fall of day before yesterday , may again try to spoil global market mood, affecting a lil to our bullish ST undertoneso kindly keep looking at TT, and also at i lango sir's comment before taking any agressive and immediate long positions, wait for retracements, to remain safer.again reminding, ST undertone is bullish, but today morning, profit booking might be there.OM SAI RAM
Good Morning Everyone, Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.Camarilla Keylevels - Nifty SpotH4@5768 ↑H3@5728 ↓L3@5650 ↑L4@5610 ↓By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.
Namaste Dear Master and all friendsHave a nice day of trading
Good Morning Gurudev and friends
Good Morning Guruji and Friends
Pattern Tradingcongrates as Master has validated your objectivity, have a great day
R/ilango Sir,Namaste n Namaskaar 2 all reader's.
Sir ILango ji and everyone good morning
Good morning Master and Friends...Congrats to Pattern Trading...would like to see pattern trading link in the rightside blog list soon
Good Mng Master and blogmates.
good morning master and blogmates
wishing and praying GOD for your good health.
Thanks Parimal and sudarshan ...
Pattern,Congrats,I remember a few days back Master had asked not to post your links but you showed your patience and kept posting details.Master was testing your patience as well as your knowledge.As a headmaster of an institution, he was testing your skills to induct you as a part-timer and may be in future as a faculty, if your knowledge can give something to his students.This is an eyeopener for others also, not to get aggressive on any negative comment from Master but to come and prove his mettle and would be handsomely rewarded.Congrats once again.
My best wishes for you Pattern Trading .. I (student) am very happy to have one more prof in this college.. :)
Sir n blogmates.I consider ABC 4530_6112I expect market may weak overallpl guide.
Good Morning Ilango Sir and Friends
@pattern tradingcongrates man u win a trophykeep going forwardsome time I also think doing more study on HA and indicators. but unable to give adequate time.wish u all the best for future.
Nifty futures trading consistently with a discount to the spot price.Is this indicative of lack of confidence for the Bulls?
Pattern TradingIn Raymond chart, 5down waves are completed
Dear Ilango Sir, Mkt is in bullish tone no doubt but how come NF is in discount? Pls guide.
good morningRedrawing of replacement from 5634 to high necessary
Harish. Thakkar. method reached WHEMA .
till nf not < 5636: buy on dip
or aggressive nf < 5670, then only sell
Manage this correction with retrace of "5630 to 5724."5688-38.0%5677-50.0%5666-61.8%
Below 5690 trend line breakdown for nifty for short term.
correction... WHEMA nxt tgt
Dear JRJ Sir, Were you able to open the camarilla H3 Sell? As Nifty managed to move only upto 5723 and H3 Sell was at 5728.
GM Master & JN Family,The oscillator is vibrating a lot on Lower T/f, as bulls search for the next move to Dev.MnEMA / St.WkHiHave a gr8 day !
Sir In yesterdays 2 min chart wave 1 got completed at 5629 and 2 got completed at 5630. Is it possible that in EW wave 2 can be completed above wave 1 ?
@ salldaliThat is why it is known as 'running correction' .
Good Morning Master & DR sir
pls anybody tell me nf low and cmp thanks
nf low 5683.... cmp. 5689
@Debdeepji,Its better to wait for levels.Aggressive traders can initiate trades beforehit the levels with the confirmation ofprice action 30mins candles or indicators.
RIL has crashed by more than 20 pts putting pressure on Nifty
New Post Done.
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.
Congrats pattern ! Keep going!
@Debdeepji,Here we use SL 20pts. In rare cases we can use chart sup/res/orb+filter as SL.
Namaskaaram GuruJi and Brother & Sisters,Good Morning.Have a Good Day :)