dear ragvendrathanks for ur reply
@Master / Raghavendra Sir,Please take look in Infy chart Daily,The price not rise much ,but RSI rising and MACD constent comes down Wt does it means???Please clarify view ??
Master 5 wave Completed??????
@ Dharmu mishra, @ Prithvi Raulji,RSI is calculated based on as follows.1. Absolute increment/decrement based on closing prices . Say prices closed by 129 points up compared to Oct 1. Hence its an increment.2. Depending on time period ( RSI 9 or 14 ) we calculate the net change of increment / decrement.3. Using step 1 and 2, we calculate the RSI %.All these details are available in Daily TA published by Master.RSI 9 decreased from 41 to 32, however RSI 14 increased from 42 to 53. If the prices move down slowly RSI drifts down slowly and vice versa.If nifty closes today at 5940 , end of today RSI 9 will move up to 42 and RSI 14 to 55.RaghavendraInfy, on weekly chart a clear negative divergence between tops from 2966 ( Marc 3rd ) and 3085 ( 25th August ).Raghavendra
Nifty futures reach the level of yesterday's freak trade
@masterlooking to all t/f scenario(hrly OB, daily nearly OB, weekly turning from OB) is it possible to subdivision of waves?thanks.
sir, price not able to sustain above ORB does this indicate weakness.
@anmpatel,,It is says that 2nd wave now over and 3rd start??
@Prithvii am not that much expert in EW, so could not guide you.sorry.
dear raghvendra thanks for such a beautiful explanation
if todays jansar value hit do we have whether to apply 20 point filter or not.
SalidaliBy rule yes you have to apply
@ Salildali,My understanding:5855 is SAR for longs - Filter is only applied for 2 day. After 2nd day, no need to apply filter
the upmove on prev days from 5701 -5785-beyond http://postimg.org/image/qm6rsba1p/on 30 minutes charts island reversal pattern.....
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5936, R1-6027, S1-5877, VWAP-5965Profit booking on its way from the higher level of 6000, as not much addition still seen at 6000CE level, distributed addition at all PE levels, BUY THE DIP SELL THE RISE…Thanks & Regards
Closing below 5hrEMA, first sign of weakness. Need to watch 5878, as mentioned in Pre-market for confirmation.
Missed to sell the rise, so no Q of buying dip... Ufff when will i learn managing trades in small range!
As per yesterday discussion with master,we are in wave-2 , also Mr.Brahmesh Bhandari quote that FII in sell mode, 9 day RSI negative, Hourly,daily,overbought,Only waiting for Master's JNSar Triggering,
One set of 5 wave downmove may be getting completed with an ED??
Jnsar long sl is 5835
Small bearish pendent in 2 min with breakdown below 5888 with t1 at 5863 and t2 at 5824 with sl at 5901
Sir ILango ji charan vandan and everyone good morning
helloany one know google chart or yhaoo chart which is auto refresh?
New Post Done.