I dedicate this article to my beloved Master-Brother Mr.Dinesh Rishi the only person who gave me the hands when I was sinking, Silent Master Mr.Illango who changed my perspectives of the market movement and the unforgettable person who motivated me in a very unpleasant day Mr.Gauresh.https://docs.google.com/file/d/0B6E7FS_cyscIZlFodzBHMkU3RkE/edit?pli=1
Any view on bajaj auto .. result today. .. struggling near resistance zone of 1840-60
i guess nifty has made its high and lows of daymay trade within this range for rest of the day to eat prem in options
Hi Pattern,Bajaj is a Brkdown candidate if EOW close < 1810 spot
Ilango ji,with reference to the feb 2012 cart, cince we crossed 5980, can we rule out tis move as an X wave? In which case, we would be confirmed as in a bull market?
Gr8 work julius
@ J. R. JuliusExcellent. Thanks and regards,LV
Hello Shriram.. Thanks :) Bajaj Auto Elliot pref count .. Click Here . Does this matches with yours ??
@Pattern, after results breakout may happen.
SBIN:Bull Flag playing out from ysday's b.o > 2350.. now if bulls can conquer 2428 spot, next tgt is 2480-2500
hi SAMhru ?FB's blocked @ office.. can u load the chart on 4shared.com, or any other link pls ?
Hello Shriram & nilesh sir ... Thanks .. Sam for my personal mail id :) ... Back with pattern trading avtar... Thanks for inputs... @Shriram.. chart Mailed
goodmorning sir,thanks for clearing doubts about jnsar trade yesterday, sir i am having problem with ema rules although rules are very much clear to me but sir execution i am not doing it properly. can you please or any other gentleman from the blog can tell me how to initiate trades, i do look rsi,stoch indicator but somehow if i backtest results are good and when i execute results are very bad
@ VK,80% rule applies only when the fall has 5 sub-waves.6339 to 4531 unfolded in a 3 clear waves.Hence, the "B" that is retracing the "A" fall (of 6339-4531) could move more more than 80%. We'll reject the bearish scenario only above 6339.
today nifty has given a breakout abv upper T/L of a smaller expanding triangle pattern.......if its genuine breakout then may trgt 6314 next week .towards upper T/L of larger expanding triangle .......but.if it reverses from here towards lower T/L then may trgt 5970-90 levels...breakout may be confirmed tomorrow if sustains abv 6210ns
Namasthe ilango sir and friends,Today's quote received : Learn formula to succeed from Water : Adjust yourself in every situation & in any shape & most importantly always find out your own way.!!!It's true that every effort does not converted into Success.But...it's equally true that Success Does Not come Without Effort.
To dear JR Julius, DR sir, Shriram and Master of- course,JNSAR has turned me into a "JOKER". You know what I mean... listen to these dialouges.Do I look like a guy with a plan.You know what I am. I am a dog chasing cars. I wouldn’t even know what to do with one even if I caught one. You know I just do things.http://www.youtube.com/watch?v=pfmkRi_tr9cThe closest description of a JNSAR trader.
Y'day...one trader entered long near day's bottom.......Then was expecting the resistance zone 61% and 80% @ 6053/6078..was expecting move should be DHEMA +20 = near about 6093...but still booked long @ day's high...nifty came in his dream and told to wait for day high resistance point.......so he gained 100+ points....no hesitation in trade...what a mechanical trading like a ROBO.......
Ilango ji,Thanks for the prompt reply.
@ Master"6339 to 4531 unfolded in a 3 clear waves"so it can't be "c" of any degree .... am i right ??whenever this upmove finishes, we can expect a minimum of 650 points correction in Nifty as biggest correction in 5 wave upmove from 47XX to till now was just less than 650 (6112-5477)... and a correction for 5 wave upmove is always more than the any of the intermediate corrections in the uomoveplease lemme know if my understanding is correct ???ThanksRS
Wow believe me I just had a gut feeling that mmarketman would comment today.We are no schemers or poeple with high plans just do the trade and let market do what it wants to do. I hope I did not offend any one. On the contrary it is the mentality we need to develop is what I wanted to say. Let me clarify that.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6119, S1-6069, R1-6212, ATP-6180, VWAP-61806000 Level now seems secured for this series with OI above 80 lacs, the 6200CE writers are active, can they hold on, range for the day comes around 6130-6220…Thanks & Regards
Ilango ji, sorry but another correction. Thhe fall from 6339 to 4531 was three waves, the rise has been in five waves. So wave A was three waves, B wave in 5 waves. C has to be 5 waves. Can ABC correction be in 3-5-5 pattern?
@Y&D.. plz elaborate....
i meant another question
@ VK,Just see if you can see 5 waves from 47xx instead of 4531....and view 47xx...till date move as the 3rd leg of upmpove from 45311st les: 4531 to 56xx2nd leg : 56xx to 47xx3rd leg: 47XX till dateNow u can view itb as B
@Julius,GM,very useful affirmations, thnx
Master,An EW query..If w3 is extended, as in..w1 5477 5611 134 w2 5611 5495 -116 -86.6% (deep)w3 5495 6105 610 455.2% (exten.)w4 6105 5970 -135 -22.1% (shallow)w5 5970 6187 217 35.6% * in playhere w5 has already done > 161.8% w1, &w3 is already HYPER EXTENDEDBut PRECHTER says in a IMPUSLE, having 2 sub-motives EXTENDED w.r.t smallest is VERY RAREShould we search different lables , pl guide ?
@ mr. julius could i have your email id.....thanks
shriram,can this belike thisa= 6114-5970 levelsb doing a irregular one, C down to come
dear jrj sir....after looking at your strong belief on camarilla study, i too started fallowing and getting confidence due to its simplicity... just now seen it working at 6185 level wow its super... but could not able to get the weekly values Camarilla Weekly LevelsWH4@6192 ↑WH3@6143 ↓what are the in puts given here sir....
dinesh rishi might be preparing grounds for BN reaching 14k on expiry day :-)
6168.7 IS 5 EMA IN 30 min chartssince moring lows nifty have not given a break below this linemay expect a bounce againcmp 6174
@ ding a dong above 6192 weekly breakout will happen & below 6143 sell will active....hope i got it right.
Hi JRJ....Can you pls upload that PDF on 4shared...I am facing problem with Reading this from Google..
@ shriram,though the low was 5970, if we consider the 4th actually ended at the 5976 or 5992 , it is still with in the limit, is this correct
@ chetas,Seeing the speed of Retrace from 5970, does it Qualify as a 3-wave "b" ??Form suggests Directional / Impulse, but then wid EW , am never never sure :-)
Y'day...one trader entered long near day's bottom.......Then was expecting the resistance zone 61% and 80% @ 6053/6078..was expecting move should be DHEMA +20 = near about 6093...but still booked long @ day's high...nifty came in his dream and told to wait for day high resistance point.......so he gained 100+ points....no hesitation in trade...what a mechanical trading like a ROBO....... And the writer of the above post who seems to be a flop trader is simply rubbing his eyes and saying ......All others are earning lakhs from Nifty and Bank Nifty why I am left out?The reply is here-Boya ped babul ka aam kahan se khay.(When you plant a thorny tree dont expect mangoes in return.And ....Dekh parayee choopdi kyun lalchaye ji.(Why are you getting tempted seeing others eating breads dipped in Pure Ghee)Par......Dil hai ki Manta nahin.Welcome brother we are least bothered with your posts. It gives us some relief from ew, fibo retracement, SR.
guess , if we have accepted this move as w5 from 5970then tgts now are:T1: 38.2% x(0-3) = 6210T2: 50% x (0-3) = 6284This is also the zone for the UTL joining 5630-6112Let wait for Ilango ji's clarification
@ s4s .. any -ww on 5 min chart???
Y'day...one trader entered long near day's bottom.......Pre-Mkt clearly showed the direction towards DHEma++"Shouldn't the trader initiate a Long, especially with JNSAR @ 6022. (Ofcourse, one should have belief...belief..belief- and I still see "unbelieving souls here")At 10.00AM update, the upmove was marked as 5th wave which would go past 6112.Since few days ago, we have been "sounding out" the resistances as 6145-81.Trade smart....Only what is "discussed" is shown in trade table.No matter what anyone says, trade table will continue ...to highlight the efficiency of "Following", leaving the "Brains" out during trading.
@ VK,The rise from 4531 is so far has been as 3 waves only. Refer our "JustNifty TA" file-weekly chart.4531-5630-a5630-4770-b4770-XXXX-c
Shriram,true the faster retrace means we have to look at 5." accept "is the key word here, .the problem is not in EW , only me not acceptingAlso never understood FEDW, (F)E(D)W
@ DNSHUKLA.....If you want to discuss....discuss with point to point.....I am also having Kabir ke Dohe aur ramayan ki kathae .......be practical......
emas converging in 2 min charts near 6170ns
@mmarketmanI just sold Nifty 6196.95 NF you should have belief , belief , belief and nothing else
after market posts can lietransaction statements dont.Marketman. Do u want to see mine? and i am one of the junior most here.
@ 9.35 person says....market is @ resistance ...and still someone waits for high of the day.....its miracle.....without hesitation one can trade for bottom and top.......is possible in either paper trading or the person must be with some intuition .....
intra +WW on BNTime for a Bounce to 13,300+, if 13,200 holds !
6158 IS 55EMA IN 5 MIN CHARTS
@mmarketman ji,Everyone here is fraud and fooling each other.Why do you want to waste your time here. What makes you and other's belive that it is not possible what others are able to belive and follow. Please accept the fact that someone is teaching something over here.
Renju....teaching is well.....but profit figures... one should doubt...misleading......
New Post Done.
@ S4s: lets pray for another "superlative bounce" !!I'll pray that 6141NS holds, u pray that 13,200 BN does ;-)
india bulls realestate on the verge of multiweek breakout
.....one should have belief...belief..beliefWithout beleif one can't succeed even if god provides you with the levels
@mmarketman Ji,Ilango Ji is showing trades which he describes in Premaket and during trade...which he belives and follows.Lets take yest trade...he explained his view in pre-market and he belived it and followed. So why do you have a doubt?I request you to take a single trade based on the comments he give and see if the trade tables and profits are in-correct.
@mmarketman Ji,If you have issues with his profit table...discard it in your studies and follow what guides us here and see if help you out.
u see devils are so attractive...