Friday, October 11, 2013

Nifty Intraday Update-III


44 comments:

Raghavendra said...

Dear All,

Hanging man pattern is developing for the day. Closing between 6090 to 6115 confirms the pattern.

Raghavendra

salimkabani said...

@ Raghvendra

is it bullish sign?

Raghavendra said...

@ Salimkabani,

Its a bearish pattern.

Reference : http://www.investopedia.com/terms/h/hangingman.asp

More bearish : If there is a gap down below today's upgap.

Raghavendra

Piyush Sharda said...

sir ,from 5701
5786-5802 breakaway gap
5912-5913 continuation gap
6046-6033 if fills in 2 days exhaustion

Piyush Sharda said...

continuation gap doesnt fit in definition as it got filled on intra basis

Saurabh said...

Time for the week trend assertion ?? Would the bears be able to capture the WHEMA ??

Aly said...

@Piyush,

5912-5913 got filled away hence should not fit into the criteria

Piyush Sharda said...

@aly gap got filled but getting filled
on closing basis more imp

Aly said...

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)

Ilango said...

@ 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.

Aly said...

bear flag broken on downside???

may target 6050-6060 levels

Vinod Dhandapani said...

My wave count....

Wave 1 6142-5701 441
Wave 1a 5701-5950 249 ~50% of Wave1
Wave 1b 5950-5826 124 50% of Wave1a
Wave 1ci 5826-5981 155 61.8% of wave 1a
Wave 1cii 5981-5877 104 38.2% of wave 1a
Wave 1ciii 5877-6098 220 50% of Wave 1 or 100% of wave 1a
Wave 1c 5826-6098 272 61.8% of Wave1
Wave 1d is in play (38.2% of wave 1c) target around 5995


Thanks
Vinod

Ilango said...

3-3-5 being done if holds 6060.

raghava said...

Bulls Govinda Govinda ? ? ? today expected 200 pts rally because global market rally, rupee strong, infy results.

Aly said...

@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

DR.SGM said...

Sir triangle in 2mints?

salimkabani said...

@ Raghvendra

Thanks a lot dear

salimkabani said...

ilango sir

as per the charts at the end of the day, I understand market cannot cross 6142.
May I right? please guide

Ilango said...

"Flats" in uptrend are always bullish.

Piyush Sharda said...

noted sir,
for 3 wave flat u r taking top at 6094 instead of 6098 sir?

Ilango said...

a: 6098.50 to 6063.55
b: 6063.55 to 6094.80
c: 6094.80 to 6064.70

Aly said...

@salim,

I dont think Ilango sir has implied this anywhere

ankita said...

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?

Bharat Kumar said...

Hmm.. HVT at 6087 not being breached conclusively...

Piyush Sharda said...

noted sir,thanx. was waiting to sell today at 6108, was labelling 6046 6095 as 3 wave. but
ur labelling seems perfect

prakashbkc said...

GA Master,

In which time frame u r looking 3-3-5? Can u label for our education

dharmu mishra said...

dear ALY
could u pls tell me why sir has stated3-3-5 being done if holds 6060 how this number came

salildali said...

if you draw parallel line from 6098 - 6095 to 6063 the figure comes to 6060

Aly said...

Huge Put writing along with drop in vix implying more upmove ahead?

dharmu mishra said...

dear salildali
thanks got it

Aly said...

@dharmu

6060 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

dharmu mishra said...

dear Aly
thanks for ur explanation

soumen said...

After 4 attempts in Hrly chart, Nifty(Spot) could get past 6100 level....

DR.SGM said...

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?

Bharat Kumar said...

Ilango Sir - Is there a probability of a hanging man should nifty spot close <6108 ?

Ajit said...

Sir,
How do we treat this hanging man candle...do we carry seeing the bullishness or lighten up.
Thanks

salildali said...
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salildali said...
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raghava said...

Thank you master your guidance.
Bye sir. Happy Weekend.

salimkabani said...

Sir

Is it hanging man and can we expect trend change from here.
Result of reliance is on Monday?

Kiran said...

Hanging man needs follow up from bears. without it, it is invalid signal.

Rakesh said...
This comment has been removed by the author.

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