Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
24 comments:
@julius Sir: what is the scenario in Cam now?
@Mr.Hari,
Scenario#3
Broken L4 and reached partbooking price.
May be we can see L3, Price Action Not yet confirmed.
Last fall: 5679 to 5607.
Retrace: 5652:61.8%, also Day pivot-5657.
Retrace:5665:80%, also DLEma/MLEma.
Please anybody suggest me how to calculate ATR??
Namasthe ilango sir and friends,
Today's quote received :
Life is short ,
time is fast,
no replay,
no rewind,
so enjoy every moment as it comes.
61.2% of opening fall from 5640 to 5607 - retraced at 5628?
If 5633 not crossed and If its ii (more time to remain flatt) (on 2 minutes), next target : 5627-30 => 5598 or 5587 as per pre market?
CMP : 5623
@Jay Mataji,
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_true_range_a
One of our members posted here a couple of days back that some from his family have gone to Kedarnath. Trust all is well with them and they are all safe and back home. Would be happy to have an update on that.
VIX hr
http://prntscr.com/1bm1ci
Sir
Target as per tt short trade cross of hourly ema done on friday 5615 done .
Thanks
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5653, S1-5623, S2-5584, ATP-5615, VWAP-5615
Huge OI addition of over 27.6 lacs at 5700CE and the 5600PE writers feeling the pressure, based on it, seems like 5700 won't be crossed for the day and maybe for the series…
Thanks & Regards
@Ding Dong,
I do calculate weekly levels for trading by combining few studies like volatility range, fibo , EMAs etc.
Sometimes you will not find those levels on Tech-Table.
I Am Using it since last 2 years & it works well for me. So thought of sharing the same.
5610 is no significance with Tech-Table.
OOT
Science has not advanced to understand Vedic tech...
Regarding Kedarnath disaster
Reason
Dear Ilango Sir,
In Friday Pre-market you mentioned:
"Weekly channel support @ 5615-5625 zone below which there is a cluster support @ 5583-5605 zone.
Monthly channel support is around 5540-50"
Are these supports still relevant? Or should we consider today's pre-market only?
5584-86
*Just for Observation Purpose
Camarilla Weekly Levels
WH4@5803 ↑
WH3@5735 ↓
WL3@5600 ↑
WL4@5532 ↓
ATR RANGE
Buy Zone : From 5625.65 to 5604.65
Breakdown below : 5600.45 (stop loss for intraday longs)
Breakdown target : 5514
PCR below 0.75
pcr should hit 0.6 if this momentum sustains!!
Situation conducive for a bounce, cause unable to do much damage in prices even after trying to break lows.
Can a good short covering technical bounce if future moves above 5620.
Total Buyer seller Qty in Nifty Future is making it heavy but keep an eye for the change.
dear JRJ
have you observed how Gann numbers are playing since last week???
New Post Done.
is it a formation of channel in 2 min charts and can any one identify the bottom price of it?
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