@ Iris,Technicals have been supporting the ST upmove (Hour TA).Prices have managed to stay above the critical 5970 & the rising 34 Hr sma(5980 now).Despite being sold @ resistance zone, bears could not break below "5970".The short opportunity has disappeared after haveing been resisted @ 6000+ this morning.Bears would have a go only if 5980 or 5970 is breached.
@ Iris,Our trade plan was to sell on rises; and it worked in the first session.However, the desired lower levels did not come and The midpoint of 5970, discussed earlier held.This second session can only be a guess work; now only the EOD prices would enable us to make a trade plan for next day.
Master,To EW eyes:y not revisit ysday's proposal for "C.v" still in play to make 1 more High , @ or above St.MnHiEMA ??What is the reason , u lean towards labling the rise from 5566 as a DZZ or WXY ?
masterupto 1 pm Hour TA was negative but you said was supporting ST upmove.. how to read it in technical viewthanks in advance
@ shriram,The form suggested c.iv could be quite bigger than c.ii; hence, abcde or abc-x-abc.
@shree,Hour f.macd, 14 hr rsi in uptrend;most importantly, prices always closes aboveHEma,HrJNSARHLEma.It was subdued cos' of closing below HHEma.
If the prices are to make thir upward journey, it should be now, holding 5990.
ya I was reffering to HHEMA ..thats why asked
But Master abcde in a Channeled move, how sir ?? :-(
Why it should be now..??From the day's low, prices have done1, abc-2(i),abc-(2)& logically (3) should commence.The "b" waves of 2 & (2) were all irregular kind.And it could happen, if "5990" is held.
Bank Nifty 11085 may be a reversal point holding to day's low.
mm.. thats also possible, anyways sirClassic TA tgts are matching, so its resonating.
5974.70-5989.85-15989.85-5978.35-a5978.35-5994.95-b-irreg5994.95-5983.25-c-25983.25-6004.1-(1)6004.1-5993.75-(a)5993.75-6004.35(b)-irreg6004.35-5994.5(c)(2)5994.5-xxxxx -(3) unfolding.Stop now is 5994.50.Micro monitoring & learning & earning.
@ shriram,It could be redrawn as a "rising wedge channel without its overlapping nature.Hence, something else could be unfolding. (abc-x-abc till 6120+)
Sir, how u remain cool in such market which is not moving in one direction?Have u sold in first half ?what is your reaction when market does not move in your preffered way ?
@ Satish,Only one strategy:Part book & tighten the reversal point.At such phases when prices are closing between HEma & LEma, have both bull & bear view.Two days since the close is below DHEma, there is no serious selling. Market gives such clues.
respected llango sir what should b the target for this unfolding ad will this unfolding continue for tomorrow shall we consider wk high 6038 as target thanks sir
Sirji, it looks an rising wedge on hourly & the 80% retrace of the fall and 24% lvl of the previous rise falls near about 6060 lvls ... thinking shorts at that level? am i thinking right? Regards,
masterDo you trade intradeay?
yes Master,Thank u, too many lables in my mind on Minuette DegreeI guess stepping back a bit, & seeing OI, price ,EMAs & Oscill , best to trail & play for C=A tgts, 6100NS ?a/i 5566 5904 338 b/ii 5904 5776 -128 -37.9%c/iii 5776 6114 338 100.0%St.MnHi @ 6036is the RES, to be crossed, for this view to come thru ...
NF 6032, the freak trade high few days ago is done also Gap filled
Btw, Flag T1: done @ 6015T2: now ruffly 6060, St.MnHI is the RES
Boooooom Booooom wawwwwww
EW Learners:See how 3rd wave was spotted & proper stop was placed.Patience & objectivity is utmost essential.
European stocks were higher on Wednesday, as markets awaited Federal Reserve Chairman Ben Bernanke's testimony to Congress, scheduled later in the day.equity tips
Once you start to identify forms, profit booking comes @ the conclusion of the wave.Target calculation helps.(I'm not calculating)Trail it to 6010.
இந்த வாரம் பாங் நீப்டி வாரம்.............. :)
hahha... amazing !Master, SALUTE ~~~~~ :-)
@ Sujatha,For the time being taken so long: only one answer:-Most market participants are indecisive. And Bears blinked first.
thanks for the guidance everyone ! Time to book..byebye
As suggested by master in premarket, BN heading towards towards MLEMA-11183
masterDo you trade intradeay also?
ok sir then 30/36/38 now only then tomorow cat on the wall opening
Attempt to create panic failed completely
Master - I have also noticed one more thing, if on a day index closes below Cema and then recovers at the second half and again closes above Cema but below DHEMA,then the next day usually its for both BULLS and BEARS.. for ex on Jul 16 at first half we were below Cema but later part of the day it closed above Cema but below to DHema, which signals both Buy and Sell... so yesterday we had both "sell or rise" as well "Buy on Dips"... yesterday after the sell of we closed above Cema, which is again both signals.. today first half was sell and now we are in buy....Its just an observation...
11,250 is the ZZ LTL in BN spot
If NS manages to close above 6032, there is a possible chance of Gap up Tomorrow..
@ shree,Isn't bulk of my efforts & inputs are for "Intraday"..?
@Shree,"Appadi podu" song from master tells the story.! :)
ya..not asking for that....I am curious how you managed the day today....if you dont mind... will share?
Time to start looking for (4), (5), 4 & 5.So there will be two 5's to look out for. One is sure.
@ shree,Just increase your consciousness.Once you reach a higher consciousness, things move in slow motion for you.
This is a big 3; not a single down candle yet in 2 min.
Master,there will be 2 "5".Didnt get please explain
Thank you Master for your priceless guidance
Okay. Now the (4) is on. Max.10 points only.
Because (2) was a flat, (4) could be zigzag; hence, more.
@ SJkolkata,(3) was on to be followed by (4) & (5) to complete the 3rd after which another 4 & 5 to complete a 12345.Now how many 5's you see?
This a really classic from u master.. charan sparsh
Again, Bulls and Bears fight for Month Low EMA. Good time to take shorts if BN and Nifty close below MLEMA. Nifty close above MHEMA==> 6120+.
masterI was short @ opening...reason...Cam 3 5990....R1 was 6000..so SL was just 10 points...+ your comment sell on rise...+ y'day's was below DHEMA....+ bank nifty was getting sold strongly...+ INR.....was with pressure......though all reasons were present ...result was SL....I think you were also having - bais since opening as per your post...how you escaped SL.Ya I reversed poasition as NF traded above R1 6002.4...and then SPOT was above 5990.....so loss recovered and day is with profit....but curious about your entry and exit etc...thanks in advance
Master,Sicne 3 was extended, 5 will tend -->1 , = 6060-70 NS ruffly?Bye all, hv a nice day !
That is all for the "micro counting" for the day.
Got it Sir. Thanks
@ shriram,More as per current structure. Let it unfold...
@ Pattern Trading ,Office is empty. And I have dived in fully.
Thanks Master For all your guidance. Yesterday I was sitting with puts but couldnt held them due to market to falling even after Europe open and sell them in loss. And just after it fell to 5927 levels.Lesson Learned : Be patient Today had bought some calls in morning when market retraced to 5987 levels from 6005. Thanks that I could hold it today. Now confused that should I quit them today and Re buy with any dip tomorrow. or hold them.As markets give huge gaps now a days and dont want to miss that train.
Awesome explanation master! :) I bow to you."Ilango said...5974.70-5989.85-15989.85-5978.35-a5978.35-5994.95-b-irreg5994.95-5983.25-c-25983.25-6004.1-(1)6004.1-5993.75-(a)5993.75-6004.35(b)-irreg6004.35-5994.5(c)(2)5994.5-xxxxx -(3) unfolding.Stop now is 5994.50.Micro monitoring & learning & earning."
Sir do u also work for it firm :)
adjusted closing at 6035-36 levels
Me not even able to understand what's happening, leave alone making money, so staying out to see the fruit ripe and then throw a stone at it :)
master ...after entering long it was easy ..as...apot crossed 6008 L4 in few minutes once traded above 5990 decisively......then the way was towards 6026 ..R2...and 6037...L5..SO.....5900 CE journey from 128 to 171 got....
One observation around 12 - 1 - even though market was making the day lows, there was aggressive put writing at 5900 levels and one could literally see it on the screen. So a move was likely toward 6000, and then.These were to me, early signs to not hold shorts even though "at that time" Caramilla had been triggered. So if not a buy, it was surely a time to not hold shorts.
and once past 5990, and 6008 ->>> was a +ve camarilla trade
European market not giving support.But still held longs overnight. As the closing is above all HEMAs.