@ Prabhanshu,Which pattern has failed??
Looks like we have done High and Low of the day...
Dear Ilango,5 moves down completed or one more downmove pending?
Sir. . none but by saying pattern may fail. .I meant I should not rely only on patterns which I think I m getting carried away nowadays
GOOD AFTERNOON SIR AND BLOGMATES
"5851-63" is 38%-50% of last fall.Strength above "5874 or 5892".Prices have taken support near earlier "cluster support zone of 5798-5816".
@ Aly,From the high of 5938, 3rd done @ 5814.If bullish, low is done or one more low above 5798.If bearish, as a first step, close should be below DLEma.
@ Aly,Read as:From the high of 5921, 3rd done @ 5814.
Thank you sir for your response
@masterall loss covered by sticking jnsar...thanks for being usgod bless u..
Respected llango sir pls explain imp of 5793
Good afternoon Ilango Sir and blog mates@ S4S : Sir your comments about bullish WW at 10.59 are still valid?
@S4S : the comments were written yesterday.
Getting support at 5820 every time. This need to be broken for new low. Can someone tell the current OI scene at the 5800?
@Dr patel, thank you for you too. I was about to close my shorts and I saw your post at 10:44 hrs. Me too covered yes'day whipsaws.
well, there is a bearish flag forming on 5-min and 30-min...however, there is support at 5800-5810 so needs to break that for the pattern to come into pay and give about 40-45 points from 5810 on the downside.PE writers are protecting 5800 for the time being
@PRABHANSHUOI changes very fast difficult to interpretto make money---simplifyjust follow master--do no9t check multiple parameters ALL THE BEST
@ dharmu mishra,Spot "5798" in the above chart. You'll understand its importance.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5918, S1-5872, S2-5830, VWAP-5870The CE writers have taken over the Option Table for the time being with huge addition from 5800-6000CE level, upside if any will restrict itself below VWAP…Thanks & Regards
Good Afternoon All ; Thank you very much sir.
descending triangle with break below 5820 may target 5800 levels
Respected llango sir thanks its base support of expanding triangle
Seems days low will remain protected.
@ Ilango sir, a question about the management of trades...is it prudent to book one lot around W5EMA in this case and keep selling at resistances on bounces and if bounces do not come can we still book out one lot here and then resell on break of 5795-98..Is this the right way to mange trades and keep adding/booking profits?thanks and regards
@Master,At which level green abc possibility invalidate and contd to ride for iii without fear??
WITH DUE RESPECT TO MASTER ILANGO..@sarvesh thats the correct plan .iam doing the sameiam planning agggressive longs wth small sl also
@ Durga, thank you ,, it sometimes, whipsaws...nothing else..just wanted to be sure if it can practised regular on smaller time frames like 5 minutes and 15 minutes too? what r u doing?
Call writing seen @ 5850.. people playing in the counter rally should strict SL...
Sir,How to read this highly oversold lead indicator chart???
@sarvesh just folow one principlewhateveryu do inwhateverTF ..THE IMMEDIATE HIGHER TF SHUD SUPPORT YUR ACTIONif you r against day trend rt now use small stop loss
got that,,thank you!
@ mayank,You'll read it much better if you combine the Day lead indicator posted in our EOD post.Try it.
Sir,Actually i was comparing that in previous occasions when hourly lead indicator went below 10 , the bounces came .. so sharp fall from here is not expected..
New Post Done.