--> back@ Sonu / Maninder: +WW pts for NS, are as follows-1: 6181.252: 6218.83: 6176.94: 6204.855: 61617.1
Master,Can one count this fall 6219-6164 NS, as DZZ done or nearing completion , if DhIEMA is protected?6.1k strike is for now in Bull control
Master, Market trading above DHEMA, but I fear about my long positions. I stick with DHMEA. Any clue go below DHEMA?
@masternow 5 waves done from 6218..@6163? correction forming zig-zag form?thanks. in 5 min chart.
@master...sorry in my count 4th enter in 1st zone..it looks better that abc done at 6163?
Bullish: 6126 6104 ... is 50%-61.8% retrace of the last rise from …… 6033 to 6219 80% is - 6070 If strength to return again, it should be around 6126 6104 Weakness gets confirmed Below 6104 OR 6070
a done at 6167b done at 6198 andc done at 6163?can we count like this..thanks.
@ shriram,If DZZ, one more low is likely.There are other "most bullish" possibilities; hence, I'm keeping only one retracement in the table: 6033 to 6219.Only below 6104 & 6070, other possibilities will be considered.
yup, not an issue sir, may be if the Bull Flag TL @ 6195 is cleared 30mins basis, the lable might get resolved, tks :-)
RIL showing Bull Flags...
Master,Apart from the Pref label of w1 as 5702-6143.. there seem to be 2 other visible labels thus, kindly advise, which of these r hi-prob, if feasible?Option 1: (W3 extending)Extended w3 in play up from 5826 ... Min (W3) should do =1.618xw1 = 6226 NSWithin W3 ...i 5826 5981 155 ii 5981 5877 -104 -67.1%iii 5877 6156 279 180.0%iv 6156 6033 -123 -44.1%v 6033 6237 204 131.6% ** done 6201 in play to 6226 (min) , and max 6281Option 2: Interesting possibilityExtended W5 in play from 6033 thus...i 5702 5949 247 ii 5949 5826 -123 -49.8%iii 5826 6156 330 133.6%iv 6156 6033 -123 -37.3%v 6033 6433 400 161.9% ** in play as Extensionideally v can do (0-3) distance from v , in 5th extensions & logical tgts can extend upto 6487 NSOption "2" --> will become Hi-prob if NS shows > 6281 this week...
@masterre-postingguide when free...a done at 6167b done at 6198 andc done at 6163?can we count like this..thanks.October 21, 2013 at 2:43 PM
Looks like correction ended @ 6163
Tomorrow any Gap up?
@ shriram,In the shortest version, many possibilities exist. In the month chart, last two peaks connecting line has been resisted @ 6220.Only a decisive move above would be an early confirmation of good bull run.On the other hand, there could be a contracting triangle in formation from "6229" in the month scale if prices are contained below 6250.Bias remains +ve.ST counts are a challenge; I step back & relax.
Hanging man today??
Thank u master :-)Per classic Bull Flag, T1: 6195+55 = 6240 NS may come now
@ anmpatel,Now the correction could be labelled as "abcde". It is not always possible to know what kind of correction is underway but we could calculate the levels within which the correction would play out on most times.Having such a strategy would help traders to hold on....and even trade them.
Shriram,Is -ve WW possible if NS breaches the TL from 6093-6142 downwards again on daily charts.Pl check when time permits.If yes, which indicators to watch.Trying to learn.Regards
@ Prasad:yes 1-3-5 line of the larger -WW is in region of 6160-70 ... EOD close below this will raise the hackles for BullsHave a nice Day, bye all !