Good Morning Sir & Blog-Mates, Have a Happy & Prosperous Day. ♥-Success = Faith + Patience + Consistent Action.Trade Mechanically, Get Rich Steadily.
call writers are at it at 6000CE...trading below 5ema, hiema...break of lema (5880) should be watched.
Sir, we saw Breakout after expanded triangle or broadening top. After Breakout, trend supposed to be reversed and should break the lower trendline of triangle that comes around 5750. Is this scenario still applicable? If not then why?? Please suggest.
@ Prabhanshu,You're asking me to Predict.All we know from the recent past was:A triangle formed ahead of a top; and top was made @ 6142 after that triangle.Current fall could be:A correction for the 5-wave upmove from 5119 to 6142.ORA reversal for newer lows below 5119.As long as prices keep above "5738", also 20dsma, corrective scenario in contention.This week end prices would have, hopefully, a new signal to resolve this.Since closing below DHEma, it is consolidation.Consolidation for what?-Going up or going down?? We do not know.But following, we'll know.
@masterbreak of 80% 5872 will confirm this is "c"/3rd down tgting 5810?thanks.
a small +WW developingmay have formed pt5 near 5869 nowtrgt prica is abv 5940 near 2.00pm
Dear All,Absence of faster retracement of last rise.Rise from 5798 to 6143 = 42 , 30 min candles. 1030 AM, today complete 42, 30 min candles and prices did not break 5798 making this a corrective fall.Raghavendra
Dear Ilango,What would be the value of the lower trendline in daily timeframe for today?
@S4S,5 min TF????RS
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5918, S1-5872, R1-5960, VWAP-5903The 5900CE writers have taken control of the level for the time being, with huge addition of more than 12.5 lacs till now, PE writers are not much active…Thanks & Regards
@anmpatel,how could you get tgt?? a= how much point,from where??
S4S sl for WW pls??
200dma - 5841taken some profit!done for the day
GM Master & JN Family,have a gr8 day !
call writing now seen at 5900 as well...
there is immediate support at 5800 ...
Good afternoon Master !! Any guideline for part booking .. week 5 ema 5813...thanking you
Low till time 5813
Thanks Sir. ..I was not trying to predict but to understand the behavior of patterns. But at the same time I should understand that patterns do fail and better is to follow trend
New Post Done.