@masterwhat about "strength" above xxxx!!thanks.
GM Master & JN Family,Have a gr8 day ahead !
@ MasterGM Master & JN Family :)Can you put some light on from where this Aggresive & conservative number come from ( Is you observed being final wave of B & i done so taken 80% of last rise ) your word will matter beside I put tiny knowledge of mine EW :)
61.8 and 80% comes at 6082-6092...can we take as "strength"?thanks.
respected llango sir/respected seniors6046 6017 how this value for weakness is calculated sir pls
@ anmpatel,It is strong; hence, only "weak below" is stated..
dharmu mishra,6046 is ORB breakdown level6017 is 80% of rise from 5994 to 6107
respected llango sir is this weak value generated by 6046 todays lowprice and 6017 as yestdays close priceneed ur confirmation for guidence sir am i wrong somewere
Master,Seeing a rounding bottom from 6143 to 6108.Probable target on Break of 6143 is 6585 (Pattern height : 6143-5701 = 442) !Am I missing something?
6046, intraday low, coincides with the 61.8%(6049) of sub wave iii rd of (iii) from 6013 to 6108.6017 is the 80% of the upmove so far (after the "Irregular flat correction of yesterday") from 5994 to 6108.
respected llango sir thanks i got the reason for 6017 value as it is 0.80% of rise as shown by u in retracement tablethanks sir
@ Gita,The rider is "If the pattern works" and breaks out...And remember also, if any other countering pattern develops along the way, it could damage the original's target.Stay alert at all times.
Sir,Now a days, i am trying to get levels for profit booking/re entry points myself & look for your replies.. i am surprised it is matching 3 out of 4 occasions :)
Just as "5970" was a critical number, another critical zone of resistance is "6093-6112-34".
JAI HO " JN SAR"
@ MasterThank you for words :) I asked for light you given "SUN Light " :)
@ rose mary,Good.If you remain "Objective", market is a great level playing field andan individual can do much better than professionals or big broking houses.
True Sir.My Avg return for last 3 months is 14% .... This is enough proof for your statement"individual can do much better than professionals or big broking houses."Keeping same disciplined momentum over long term is key though :)
Sir, inhs on hour chart where head at 5702, shoulder from 6033 to 5982 and neckline at 6143 to 6108???
@ Prabhanshu Raman,Yes. That is another pattern with break-out happening at 5970 with a target of 250+, provided prices stay above the gap @ 6034.
@gitarounding bottom is effective at bottom. this is either consolidation/topping
6103 to 6047 = 56 61% = 34 = 6047+34 = 6081 touched 60886103 to 6047 = 56 80% = 45 = 6047+45 = 6092 touched 6088
Dear sir, at present the 3rd of 3rd is smaller than 1st of 3rd wave,so either subdivision of 3rd of 3rd or smaller 5th wave are the possibilities.am i right?
Yesterday's high or close is giving support to many scripts. that includes infy as well.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6046, R1-6087, R2-6115, VWAP-6099The CE writers are back with huge addition at 6200CE but the PE writers are also up to it and added huge from 6200-5800 level, Buy the Dips…Thanks & Regards
Daily Pivot R3 6098....Weekly Pivot R2 6102rarely remain beyond S2/R2 levels through out the day.......let's see
Good Morning Master & All.
pls read as smaller 5th of 3rd.
61.8% (6084) of the retrace for 6108 to 6046 resisting as of now.80% comes at 6096.
Infy.....so far..3335 to 3156 = 178* 80% = 13 2= 3298...touched 3300...but trading below 3298 decisivelylet's see
Thanks Master. "If you remain "Objective", market is a great level playing field" - this is my takeaway today.Thanks PS.
http://prntscr.com/1wks0acall and put sat here......blue= call red= put
rose mary jigreat to know ur sucess journeysuch things give confidence to struggling learners like methaks for ur reply to my query
The recent moves in USDINR put in a historical perspective - Article Link
Good morning MasterCan we say trading above 50% retarace of 6108-6046 fall is strength.
triangle in the making ? may be "iv" in play from days bottomwill nifty repeat the same pattern today of making double top and then correcting which means irregular flat and then upmove again
respected shriram sir iii (i) 5877 -6033(156)if (i)=(iii) it should be 5994+156=6150should we consider this senario siram i thinking correctly sirur guidence is always imp for me sir
@ sir, 5 waves from the low of the day completed? referring to 2 minutes chart
My fear closed my position yesterday , how could I don't trust on my study and master's great efforts.now not again , only technically follow up ,
@ Prithvi Raulji,Everyone goes through this kind of "dilemma" during their trading career. Some are able to assess the damage it is doing to them quite early on and change their ways.It could happen to anyone.The only way out of it is to remain true to your observations which should have "objectivity" as its foundation.Markets continue to provide opportunities such as:Reversal pointsBuy on dips during uptrendSell on rises in downtrend.These above three if spotted & worked out are enough to make enduring, enriching trading life.
--> back@ Dharmu: was about to post the same count, so yes boss , my eyes as of now seeing similar :-)
Thanks masterYour advise every time great
New Post done.
Infy....Nifty....not crossing 80% of todays range