scary predictions after JNSAR attempting long side.
also a small channel is developing in ns 2 min chartsif 5830ns (lower T/L)is held then may move up towards 5855 ns levels(upper T/L)cmp 5834ns
almost 2 hours in 10 points range..
Gm to all : JNsar hit and after long time mkt has failed to give a trending move.. Always it has been noticed that most of the time we get gap opening and it moves swiftly in the trending move.. Earlier master mentioned if we dont cross 1st wave low 5870-5884 then momentum will be gathered or else I think JNSAR will give whipsaw...
@Master,Is Long term Bullish count still valid?
Master,Does this look like a ZZ done @ 5863-5855, to be confirmed < DloEMA ?or, is this rise just "A/i", sir?
* pl read as 5683-5855
a small +WW developing now in 2 min chartscmp 5825nsmay have formed pt5 and now may move up towards 5844ns near 1.30pm
NIFTY, BankNifty, CNXIT and CNX MidCap all are NR7 day as of now.
Ilango sir PM view..Nifty near its 61.8% of its last fall(5972 to 5683)-5862 and the cluster starting point of 5870.For supports monitor the retrace of the last rise from 5683 to 5855 and "5777-5797" zone.For Intraday traders, weakness below 5840 with minor supports @ 5811 & 5797.So for upward move....It has to cross 5840
is this a bigger channel now developing in ns b/w 5843 and 5815 ????///
Minor support came at 5811...this is breaking
Overall this did not break JNSAR filter @5805...Long trend continues..
@shriramis this a valid +WW pattern5818-5855-5815-5843-5809-???(5864)till tomorrow
5809 is support of lower T/L of larger channel sloping upwards 5825-5770-5855-5809
@ S4S:if lookin to combine with EW to get a accurate lable on the WW ....Pt1 should be Start or end of a wave.. 5818 is in-betwn Narov Kunjarova types :-)
L3@5827 ↑L4@5803 ↓
point can be 5829 yesterday
Sell Bhel Puri...
LOL @ Crorepathi
@Crorepathi -- Bhel Puri...??? ha ha ha, I remembered the chat shop guy next to my house... :P
@shriram/other wolfe followerscan u explain symmetrical/asymetrical wolfe
@crorepatibhel puri is cheap. buying levels are close.
@ AMNPATELWish you and your family all the Best.Situation handled well.You said it rightly.. The Saturday Posts of Ilango ji is a treasure for the Soul.
Ok agreed PS...now my call changes to Buy Dahi Papdi chat :)
@ shriram,"a" may have been done @ 5825 (17th 10.00AM)"b" unfolded as a "running kind", done @ 5808;"c" unfolding, provided 5800 is held.
Good Afternoon Ilango Sir and All Friends
a small +WW developing in BN chartstrgt 11970 till tomorrow
i think nifty will start a move to downward direction till 5650 ns tgt from cmp
Dear Anmpatel Ji,Wishing good to you and & your family. May God always help you in tough times.RegardsArvind
strength in nifty sustaining abv 5838ns
respected sir, if this is c and it equals a is 5683-5825= 142 points..does that mean c should be 5808+142 = 5950..should this be the target , if 5800 is protected..your view is needed.sir being busy, shriram can you guide on this please.
tks master,@ Piysuh: can u come out with the various EW forms where a WW can be formed ? load it on googlegroups. as said single-mind ideation has limitations...wot S4S is hinting @ is 1-3 shud be min = 3-5 , ideally 1/2 length
Dear All,Nifty intra day observations on Google finance charts on 30 min and 2 mins charts.After taking support at 30 min - 68 EMA or 1 hr - 34 EMA at 5810, Nifty is now rebounding to intra day resistance at 5840.A potential inverse head and shoulder pattern is visible on 2 min chart with breakout level at 5840. Breakout target = 5870-5880.Raghavendra
@ Sarvesh:Tho fibbo these days doesnt give exact figs. (as waveforms r distorting due to changing market behaviour)Cmin = 0.618xA per classic EWlookin @ intra Charts, seems a simple Inv.HNS is forming tgts 5865-75
@ shriram,that mean .618*142 gives 5895..lets see will book one lot at 5870 though
@ shriram,if you get time, can you please guide about the min and max of B wrt to A.
5840 level's tussel is worth watching
@ Shriram,Quick question :If "B" is an irregular flat per Master's count : 5825 - 5770 - 5855 - 5808. Will "C" then be 1.618 X "A" ? Raghavendra
thanx shriram,wolfe is independently a good tool. i dont understand why u want to merge. when we merge toolswe get high probablity entries but also remember we create an impediment bcos we take trades when both confirm. what if only 1 confirms and we miss a good trade. and personally speaking i use very less ew these days because i believe that markets print 12345 and wxyxz in such similar fashion that it becomes very difficult to remain objective (atleast for me)
@ Sarvesh:again ur asssuming c started from 5815 , it may hv also started from 5770.. pl keep lower tgts in mind 1stcoming to "b" wave options are:1. in a ZZ : b does < 80% xa2. in a Regular FLAT : b does >80% , < 104%xa3. in an Irreg. / Xpanded FLAT: b upto 138.2%xaNowdays, these fibo rules are getting routinely violated. so pls concentrate on Channels & FORMs of pattern also
Todays opening gap has been filled up
New Post Done.
L3[BUY]@5827 reached partbooking price@5847.
seems like C impulsive
BN needs to close above 12000 to boost the moral of Nifty