Until now thrice resisted at 5775-77
Master,is this rise to be seen as ABC* nearing end at 5795, or A.iii sub-dividing to higher, sir ?
If it is broadening top then at 5782 top is done and may fall till 5734.
Market ne aaj poora paka diya. .. from last few hours moving in v small range
@ shriram, is not the price movement since 11.40 indicating a B wave? either makign a triangle or a ABC done within B wave shall soon be unearthed..do you agree..rest master's comments are awaited
Happy Birthday Shriram.
@Prabhanshu"If it is broadening top then at 5782 top is done and may fall till 5734. "Please guide on how the values for top and fall are calculated .Santhosh
@Santosh. . Its just an observation and I have full rights to be wrong. In broadening top, there will be higher highs and lower lows. Point 0, 2 and 4 should connect to trendline connecting higher highs and point 1,3 and 5 should connect to trendline connecting lower lows. Once 4th point touches and doesn't go above that then expected result is it will fall till trendline connecting Lower lows. Once it breaches lower trendline, then target is break down point + diff between point 3 and 4 with sl at breakdown point - (diff btwn 3 and 4)/2.
@ Prabakar:Thank you :-)@ Sarvesh:rather than B, check if u can explore C , UP as an ED from 5737 , thus:-a 5737 5777 40 b 5777 5756 -21 -52.5%c 5756 5781 25 62.5%d 5781 5765 -16 -64.0%e 5765 5782 17 61.8% ** in play ??If so, it should stop in 5782-5803 Range
@PrabhanshuThank U for the GuidanceSanthosh
@ illangoji, if close above dlema than we should close short or wait for tomm.
Tomo Holiday for NSE?
respected shreeram sir i feel ur A wave comletion at 5795 will b done and than the move for B wave will start which will fill the gap which is still partially filled 5788-5838
@ Shriram,There is going to be a "Tug of war" between Day & week TA.ST looks turned up with +ve div in Hour and day making a pause with a close above "5769".
@ Dharmu:If this present "suspected" 3wave expected to complete in zone 5785-5810 NS is a "A", then what u say is likely.Wait for Master to call it !
Master,Thank you sir !Multiple RES present in any case in 5785-5816NS.. will wait for that to show the wayBye all , have a nice day :-)
@shriram ji, i am loking at 2 min chat with 5701-5777 as A and then a running abcde correction from 5776 - 5756 with 2 highs more than A which shows erratic price behaviour as well as the impatience of traders with in B wave and also might signal a C wave up pending...price closing above DLEMA and hour jnsar as well as positive divergence in 5 min and 15 minute chart might qualify for B wave..can you please enlighten me the issues with in this perception.thanks and regards
@ shriram ji,,one more thign to be added is bank nifty's movement,..it has shwoed the path for nifty and today it has outperformed...nifty may follow suit or not?
respected shreeram sir hv great day thanks for guidence
bullish hammer in the making
respected llango siras per ur saying hrly charts show +div and wave 3(ii)A is on but major trend is down so we should still wait for right level to come for sell on rise
respected llango sir how to see the partially filled gap and move of nifty in upward direction is it the sign of clues for next type of correcton which v can expect
hammer confirmed...C up possibly started from 5776 and might target 61.*% of this upmove with close to jnsar and reentry...also a close above dlema might take it to dhema+10-20 points..crossing fingers..if wrong,,shall try again...
Seems like a hammer!