Dear All,Hanging man pattern is developing for the day. Closing between 6090 to 6115 confirms the pattern.Raghavendra
@ Raghvendrais it bullish sign?
@ Salimkabani,Its a bearish pattern. Reference : http://www.investopedia.com/terms/h/hangingman.aspMore bearish : If there is a gap down below today's upgap.Raghavendra
sir ,from 57015786-5802 breakaway gap5912-5913 continuation gap6046-6033 if fills in 2 days exhaustion
continuation gap doesnt fit in definition as it got filled on intra basis
Time for the week trend assertion ?? Would the bears be able to capture the WHEMA ??
@Piyush,5912-5913 got filled away hence should not fit into the criteria
@aly gap got filled but getting filledon closing basis more imp
those who are tracking Tatamotors, presently @390 resisting at channel drawn from 336 (upper trendline) and 201 and 262 (botoom trendline).If breaks upwards then will target around 420 levels (bigger channel with previous top at 320)
@ Piyush Sharda,If the upmove from 5701 is B wave, gaps don't mean much.If the upmove from 5701 is 3/ C wave, there are only two gaps. I would call today's gap as a break out one and hence "6034" is quite relevant to bulls.
bear flag broken on downside???may target 6050-6060 levels
My wave count....Wave 1 6142-5701 441 Wave 1a 5701-5950 249 ~50% of Wave1Wave 1b 5950-5826 124 50% of Wave1aWave 1ci 5826-5981 155 61.8% of wave 1aWave 1cii 5981-5877 104 38.2% of wave 1aWave 1ciii 5877-6098 220 50% of Wave 1 or 100% of wave 1aWave 1c 5826-6098 272 61.8% of Wave1Wave 1d is in play (38.2% of wave 1c) target around 5995ThanksVinod
3-3-5 being done if holds 6060.
Bulls Govinda Govinda ? ? ? today expected 200 pts rally because global market rally, rupee strong, infy results.
@Piyush,yes we need to wait till the EOD. somehow I am not convinced with this being 3rd upward due to slow upward movement as well as absense of Gaps. need to see where it stands at EoD
Sir triangle in 2mints?
@ RaghvendraThanks a lot dear
ilango siras per the charts at the end of the day, I understand market cannot cross 6142.May I right? please guide
"Flats" in uptrend are always bullish.
noted sir,for 3 wave flat u r taking top at 6094 instead of 6098 sir?
a: 6098.50 to 6063.55b: 6063.55 to 6094.80c: 6094.80 to 6064.70
@salim,I dont think Ilango sir has implied this anywhere
I feel that @ 5950 level inv h n s already broken out. Tgt 5950 + 250 (5950-5701)=6200 near there. Will it be also correct?
Hmm.. HVT at 6087 not being breached conclusively...
noted sir,thanx. was waiting to sell today at 6108, was labelling 6046 6095 as 3 wave. butur labelling seems perfect
GA Master, In which time frame u r looking 3-3-5? Can u label for our education
dear ALYcould u pls tell me why sir has stated3-3-5 being done if holds 6060 how this number came
if you draw parallel line from 6098 - 6095 to 6063 the figure comes to 6060
Huge Put writing along with drop in vix implying more upmove ahead?
dear salildalithanks got it
@dharmu6060 is around the last low and would have implied abc completed from 6098 - 6063 - 6095 levels. thats why sir had put 6060 holding condition. Also it would be the ascending trendline in hourly time frame for the upmove
dear Alythanks for ur explanation
After 4 attempts in Hrly chart, Nifty(Spot) could get past 6100 level....
Dear sir,is their any room to consider the upmove from 5877 to 6035 as completion of 3rd wave,and the the present upmove as 5th?
Ilango Sir - Is there a probability of a hanging man should nifty spot close <6108 ?
Sir, How do we treat this hanging man candle...do we carry seeing the bullishness or lighten up.Thanks
Thank you master your guidance.Bye sir. Happy Weekend.
SirIs it hanging man and can we expect trend change from here.Result of reliance is on Monday?
Hanging man needs follow up from bears. without it, it is invalid signal.