Good Morning Mater and Friends....Master i book out my shorts when i found nifty taking support @ 61.8% but did not enter long .....now waiting for dips to buy. has 5 wave completed for 5877 ??? pls guide
@ sudharsan,In the Trade Table, under "Conservative Trade", it was indicated to "Buy @ retrace" and the level coincided with "Aggressive Trade's Buy level".One needs to apply these studies in real market. That is taking a small risk.Now for the EW from 5877:(i) : 5877 to 5916(ii): 5916-5903-5920-5913(irregular flat)(iii):5913- xxxxx unfolding.
Thank you for the reply Master....Missed out !!!!
Thank you Ilango ji. I think it cant get better than this for the blog viewers
Sir, is there a rising wedge formation from the lows of 5701?Seems like the last leg up is on...please confirm & guide
Intraday weakness only below "5941", day pivot.
@ llango,5 waves completed from 5982 to 5913 making it wave i.From 5913 to 5940 - wave a5940 to 5880 - wave b5880 to 59xx - wave c.Provided it keeps below the 80% of 5982 to 5913. And then the start of wave 3 down line up before the MAJOR event. Is this a valid count??
@ Ajit,Yes. Rising wedge is a good possibility, provided prices get resisted around 6000-6033.
@ Ankit Solanki,I do not see it that way.
dear sir, future not breaking 5992 which was the last hour 100% Fibonacci. kindly throw some light
Dear Ilango Sir,I have a query regarding the wave form. If we look at the channeled move for this upmove from 5700, it seems to have broken the channel with todays low and have moved back into the channel. Whatever little I know of EW, it says only 3rd wave and 4th wave breaks the channel. rest of the waves keep confided to the channel. Am I missing something in my understanding of either channels or waves ?
Dear Master a diamond pattern which was present has broke down below 5900...and the pullback is on... or has it been negated ?? pls guide
@ MASTER with your great ans to sudharsan now is (iii) done at 5966 & (iv) is going on ,, or only iii of (iii) done at 5966 ,, right ? :)
NF testing trendline from high of 6175...lets see if bull can beyond. Part booked here.
nifty roaring to touch 6000 it seems
Sir,It seems iv th going on with 5th seemingly may target 6000-6033/6055 of the rising wedge.Hope the understanding is correct Sir.Please guide
dear illango sir u have given us a resistence at spot 5970, can we short at that level with a stop loss of 10 points for so for an intraday trde, kindly suggest sir
is this another bull flag in making...seniors plz guide???
I think (iv) of iiird is going on with iii completing around 5980; iv around 5955 and vth around 6000 / 6020
future still holding last hour 100% fibo at 5992 for 45 minutes now
80% fibo now at 5981 future
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5975, S1-5929, R1-6006, VWAP-5963Base more or less done at 5700 with OI now crossing 60 lacs, but the CE writers are still holding onto to 6000 and above level with ease, Bulls need some booster…Thanks & Regards
1.00 PM TT & Chart Updated.
dear sir for hour 10-11 fibo high was breached to touch 6009 future. but for hour 11-12 fibo high not breached. would that mean anything. pliz comment
The (v)th target:(iv)+(i)5949+39=5988 approximately. It could be more too. Once (v)th done, keep the retrace ready.
Intraday weak below "5955". (Very aggressive)
sir am I correct in understanding that by retrace you would mean SHORTS ?
5 almost done from 5877-5972.Strength above "5972" only.
thanks sirsuch good and live guidance of markets is a blessing for all followers
sir what is your view on tata motors is it short candidate at the moment? (am following as rising wedge throw out at 364.8 & correction)
I am using a very basic technique in Fib Time analysis which shows that today is 1.618 from the RBI day high last month.See this image - http://imgur.com/QuxuYGSAlso getting a target of 6030 in October Futures. This image http://imgur.com/URdIHvmIs this a good place to get into a short position. Also Daily RSI at 60 which has given good resistance.
respected llango sirIf trades above DHEma+20, breach of 5970 is likely. If not, sell on rise would continue...October 9, 2013 at 10:35 AMhow u concluded for this 5970 level sir is it because of 0.618%retacement level of the fall or some other things also helped for deciding it
@ rk,Select a shorting stock by identifying the major trend; and fine tune your entry using minor trend to become overbought; and sell.That is "Sell on rises". Often succeeds.Tata Motors has both bull & bear possibilities and the trend remains up. I do not monitor stocks and hence do not know whether it is OB with -ve div for an aggressive sell. You must have your facts correct and make sure they remain so during your "holding period".
sir exact ab=cd from 5973
thank you sir, I will go for details & will act accordingly
Thank you Master for being with us all the time..Its truly a "BLESSING"
Remember the comments:Strength above "5972" only.Intraday weak below "5955". (Very aggressive)
Ilango sir, Please tell me the infosys DHEMA WHEMA sir, Is it in buy mode now?
infosys broken out of 3 weeks + consolidation range of 3060-2980 on upside
New Post Done.
respected llango sir 5981 was earlier resistance if it (v)reaches target 5988 than 5981 will behave as support for itam i correct sir
ED in 2 mins !?