a contracting triangle within channel charts5980 is support and 6013 is res of triangle pattern
2 30 factor selling plz..
Yes selling is required to protect dlema and to continu with short.
--> backMaster, if 6011 again resists, then should one see the form as a Corrective CT from 5970, & brkdown < 5990 NS ?
"Markets most probably have reversed after making continuous 17 lower highs and broke last 5 days low in just one day. As per the structure Nifty should break 5867 in next 5 days to confirm the reversal. USD looks strong and above 55.5 a huge breakout should have which would take it to new highs which would be bad for equities but positive for IT sector."
Day after tomorrow's JNSAR value 6035 +- 4 point. may be I am right
Camarilla EOD Comment : Nifty SpotH3 Sell gave 20+10[tsl]=30ptseven in the worst cast one could booked 20pts.Net problem too. Hope my posts may use atleastone or two friends to understand a trading system.Tomorrow Focus on H4 and L4 only to catch the direction. Bye All.
@Sir/Shriramis a broadening pattern forming in ns chartsT/l joining 5999 and 6026and line joining 5970-and 5977support of lower T/L comes near 5980 byt trgts of upper T/L is near 6080-90is it possible that ns may bounce from supp of 5980????/
Afternoon Everybody..Dear Shriram,There is not writing evidence @ 6000 CE,as well as today's 597zero's importance is significant..so does not look a like very big fall below 5970...let us see...
@ S4S,if 5990 holds, then Simple ABC or DZZ get prominence, then tgts for this move are 6011/25/30
@ shriram,We touched upon "Re-labelling possibilities for new highs" yesterday.Accordingly, if you super impose BN's structure on Nifty, @ 6019 one part of upmove ended after which "a" of a corrective reached 5929 and an irregular "b" reached 6115 and the "c" is unfolding. This view will be held as long as 5925-40 is protected.
@good afternoon master and all...
@ ilango ji,But that wud make b: i.e 5925-6115 > 138.2% x a (6019-5929)Is that a valid Irreg. Flat, sir ?@ Mynac: Namaskar, just a view on wave form, did not base on OI
Dear Shriram,From screen it looks today that sellers precariously tried to push Nifty below 5970...but They were never in command,though technically they were favored.
yes.. mynac, tats y the form triggers only < 5990 , not now
@ shriram,Normal irreg.flat would move away by 0.5 to 0.75% but a highly speculative atmosphere or strong bullish undertones could unfold into a 1.5%(6019+96(1.5%)=6115).This is an alt.view considering "not yet damaged week TA & month TA.
ok master, thank u :)