abv 6061 bulls will gain strength and may move up to retest 6080
ns if < 6050 can touch 6035/30
GA Master,"BN's TT gave a "sell on rises" for the second time."Sir BN gives only today sell on rise first time when it has given second time? kindly clarify..
hi friends....how to identify the strength of a trend?
@ prakashbkc,I stand corrected.BN has given in the past 8 trading days, yesterday's was the 4th time it closed below DHEma.
how to identify the strength of a trend?Depending on prices above HEma of "which T/F".For eg: Prices closing above MHEma is strongest trend.Prices closing above WHEma but below MHEma is stronger ..Prices closing above only DHEma but below WHEma & MHEma is only a bounce.
thanx Master for reply truly Master yesterday is 4th time . Master any conclusion drawn in out of 8 day 4 sell on rise though fast rise is also around the corner?
Observations :ODIN daily charts of CE 6100 the day before yesterday yersterday,today highs & lows are almost same.Likewise PE 6000 high & low same.Bank nifty to cross swing high of 12783 to sustain rally.Heavy weight RELIANCE too weak to lift the index.To day is weekly close.
Thanks a lot Master.
@ prakashbkc,As long as prices don't close below DLEma, this is to be seen as consolidation for another round of break-out.
A break-out from the consolidating range may have started from 6047.
an inv H&S in making in 5 min 3 day chartsmay move towards 6120 if sustains abv 6081
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6059, S1-6028, R1-6080, ATP-6071, VWAP-6071The 6100CE got active on expected IIP data, will they able to survive till EOD, 6000PE writers are holding on, buy the dips did help…Thanks & Regards
is it possible that lows of 6025 may be lows of next week alsoi guess todays low may take some days to break below
quick peek b4 sapad..looks a Bull Flag Brkout from 6080Tgt T1: 6080+ 45 = 6125Cu all @ 14:00, Bon Appetit!
ilango sir v th complete? aggresive sell?
Holding 6067-73 is crucial to continue this upmove that started from 6047.
Ilango said...how to identify the strength of a trend?Depending on prices above HEma of "which T/F".For eg: Prices closing above MHEma is strongest trend.Prices closing above WHEma but below MHEma is stronger ..Prices closing above only DHEma but below WHEma & MHEma is only a bounce.--------------------------------------------There is so much we learn here everyday ... Please accept my pranam master ...
@ ilango sir,Namaskarsir, mostly u said "Weakness below it" and "Strength above it". this means if we are in trade then we should stop out our trade at that number? or this mean we should be concious.with thanks
Very true Ilango Sir,This would make a bounce till 6247 http://postimg.org/image/55785gh2l/
Dear Masterduring the present upmove, price has bounced from 21,34 hrsma for three times.
@ marketrider,Those were for intraday traders. For positional traders, "6019" was suggested to be critical.The same may, now, be revised to 6040.
@ Parimal,Having faith in such numbers helps one to manage one's positions. The reason why it finds a place in the JNSAR TT of pre-mkt view.
sir,after making new high(crosssing 6084 ) , you revised to 6040.with thanks
Nifty trading in ND Sir's ATR Sell Zone with ATR Breakout above 6107 for 6152
@ Ammolh,Amazing are the simple trendlines and how one could use them for break-outs as well as trailing positions.
A small triangle consolidation completing holding above "6080" for the next target of "6108-6110".
10/05/2013 13:36:29 : Please note a special live trading session is been conducted by both NSE & BSE dated May 11, 2013. Market Timings are 11.00hrs to 13.15hrs. Deliveries purchased (both NSE/BSE) on May 10, 2013 will not be available for selling on May 11, 2013 as the Pay-in /Pay-out for both the settlements have been merged on May 14, 2013.sharekhan
6080, not holding,"6066-72" must hold for upmove to continue.Failure would be a potential reversal possibility.
slipping below 6068 looks critical
Dear Massterbut i get nervous at such a juncture!!!
--> backMaster,iv of upmove from 5947, has done an Xpanded FLAT ?Holding 5970, to tgt new top ?
New Post Done.
Shriramtgt new top ?All time high de do, plz
they say that Sensex 20000 is a psychological number!