Knocking at DLWMA!! are weekly trend jago...aane ka time ho gaya!!
sir/seniorsdoes this rise give a selling opportunity as per trend ??
5510 to 5560 rise seems to have done a 5 wave structure !?
@AK, As per pre-market resistance zone, HHEMA+10-15 points, and also yesterdays' high at 5661 (double top here?), DLEMA pressure, etc should make it a re-entry point.Only sharing my learning and opinion from the little we learnt from Master in the past.Am not trading intra-day and its not a recommendation also. Follow your ideas and study.
@anandthanks for response
ns on way towards 5572 and abv for making pt5 of bearish WW
prices not sustaining at or above DLEMA...so aggressive short here is a good idea with a SL of +20 pts...
If Nifty manages to stay above 5537-44 zone then further upmove possible. Else abc done from 5487-5562.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5558, S1-5512, R1-5600, VWAP-5567Huge addition at 5500PE, seems like low for the day has been done, need to hold POC at 5567 for more Weekend Short Covering Rally…Thanks & Regards
@S4S :May I request if we can get some learnigns on WW in real time from you- if possible ?This could be simply pointing out the "points of 1-2-3-4 and for ETA/EPA 5. Hope we are not asking for much.Have referred to the WW manuals etc but You and Shriram are amazing at it and we seem to be blind to these connecting points.Let me accept, that there is risk of pattern failure and it will only add to existing studies! (I am not going to play intra purely on WW, yet to learn that from Resistance/Support etc)
Namaste Sir, Sir, a general query related to EW. Always there is an alternate labelling possibility in EW.Is there any general signs to look out for which label would probably work? Of course TA is one option and retracement levels is another option. Other than TA are there any general guidelines? Say for eg., currently in tatamotors the level 278 is very crucial. It seems to be the inflection point. Tatamotors is hovering around this area. It might be the start of a C wave both up and Down. I would like to know if there are any signs like breaching of a value or the number of times it gains support at these levels or anything similar. Please clarify.
Now Intraday BNF support at 9900, 9874-69, 9838
sir mentioned 5540 as critical level for mild strengthnifty seems to be holding it??when will it fall below it???waiting
1 Pm closing at 5555 is above HHEMA- for the first time ? =>Is this a new signal- but a weak one in a strong trend? =>Still 2-1/2 hours to go and week effect to show!Let's see. ... May we can follow the prices and sit tight.
@ satheesh,"Tech.Table"(TT) has guided well in Tata Motors of its ST weakness and I'm sure, it would do so in future too.So far, TataMotors have closed above LEmas of all time frames where as it is closing below Close emas & HHEmas of all T/F.TT besides TA alone can add credence to EW perceptions..
GOOD AFTER NOON SIR AND BLOGMATES
Sir, :) oru aarvakolaru thaan - as a strict teacher I could not have expected anyother reply. My apologies. I will follow TT and TA only. Thanks sir for affirming the importance of TA and TT.
siri have taken short position as the trend is sell on rises plz advice what would be sl for shorts
Tatamotors Day LEMA and week LEMA is 278. Break of 278 on weekly basis EOW is required for further downsides. Shall wait and see :)
@ master...first time after long hours market has moved above hhema... should we treat as a st reversal or keep going with the trent... can you please teach us the factors to be considered while deciding on this... still short anyways with the trend... not sure whether i m right or wrongthanks
@ Ashwin,Only Hour T/F is in uptrend; Now it has to sustain it in the remaining hours against the strong downtrend of Day & week.Know the signals that prompted you to take those shorts. Follow only those signals for "Positional trades".For intraday trading, Supports and Resistances is the best one to follow.
@ masterthanks a lot.... i remembered you last piece of advice which guided me to remain short with the trend till now...." remain with the trend and never care about loosing 50-100 points on contra trade..." this helped me stay still....thanks again
New Post Done.