Master, a most precious article. Thank you again.
reposting-sir , can this intra bullish be valid 5701-5949 1, 5949-5885 a 5885-5950 b 5950-5825 c expanded flatnow towards 5950+
--> Back @ last...Seems like winding B is in play retracing 5702-5950 , within that B.b up from 5826 , retracing 5950-5826 ?Alt. B done as : 5950-5826 , & new w3 / C UP from 5826 will be confimed if EOD close is > DhiEMA @ 5902, is the feel
Baby Crane:Bearish:"5888-5903" is 50%-61.8% retrace of the last fall from 5950 to 5826.80% is 5925.If weakness is to return, it should be around 5885-5905 zone.Strength gets confirmed above 5905-5925.
ok Sarvesh....but I will wait to hit JNSAR again rather going long as H&S pattern is seen there...so this upmove might be right shoulder and will fall much below.......invalid above HEAD.....lets see....
@ Piyush Sharda,Above 5905-25, bulls have a ST Up.Below 5840, bears get momentum.
Sir. . For your alt. Bullish count. . Isn't a=c mandatory?That makes c = 5950 -(6143-5701)=5500+Just for learning purpose
Masteris there any other cue which indicates not to go long or reverse position though SL hits with earlier JNSAR short????
thank u sir, though a zz appeared from 5826 buy last 40 min consolidation made me think it
I am asking because....hourly negative...weekly sell on rise....daily will get confirm today 's closing...in this scenario what should be considered reliable?
@ Prabhanshu Raman,In EW, there are only "3 Rules"; All the rest are guidelines and are not "mandatory".
@ shree,Only if you are experienced, you do "JNSAR Trading in Sideway's Market".To do it, you must have an objective view of technical Analysis. Even a tiny bit of analysis will spoil the trade. And when the objective view presents a conflicting signals, "wait it out".
OI suggests fight is on @ 59 strike.. PE writer slightly ahead as of now, but its neck n neck to call it !6k-6.1k CE writers tho r more aggresive, suggesting upsides may be capped
Master as mentioned by your in earlier post that 5waves done from 5950 to 5826, now in above chartits mentioned as optional i /b, My question is if its b ,shouldn't we look for a 3wave structure or some kind of complex correction like traingle etc Or b itself can take 5wave structure pls explain?
ok master....in today's scenario .... with objectivity one must enter long and wait ..right???
Thank You Master
@ shree,, sir has replied. well..i am not long either..waiting on sidelines waitinm for dhema and if surpassed 805 of this fall...then will take trade..till then i shall wait it out
its 80% and not 805 in the above message, sorry for the typo, shree
Masteror you didn't enter JNSAR short as it was just 20/25 points away from DLEMA
Ok sarvesh......it is above 21/34 sma.....so long with SL of JNSAR is right I think in this changed scenario (jnsar sl hits so ..changing scenario )
@ shree,With yesterday's EOD technicals being intact, one would enter longs at the "support-5835" mentioned.Trader should also take into a/c Day lead indicator above 80 today and if prices close below DHEma, it would generate a "Sell on rises" with a stop @ 5925 as detailed at 2.06PM.
Ya thanks master....Moral of the story.....if DLEMA IS NEARER TO JNSAR AND DAILY CLOSE IS AGAINST JNSAR IGNORE THE SIGNAL OF JNSAR...can we say like this?
@ shree it is not a rule...it cannot be..,you just try to make some intraday trades be it against jnsar or with it..trying to maximize profits or making losses too....and if it goes wrong you are still left with jnsar trades..the positions taken would depned on many other conditions.counts, prevailing trends and else..thats my learning
e.g. this is not a rule to sell near dhema or 61.8% but these things work based on many other studies despite jnsar trades..like we have atrade set up coming now and it can fail or succeed ,,no one can predict..but still playing is the name of the game
if it closes at these levels or higher , will it be a hammer in the daily charts?
GA sir nd all Is the crane suffering from "Spondylitis"????somebody mentioned abt H&S pattern in short term...mm..believe 30 mn. chart is showing that neckline. spot neckline 5919/40 - target 5973/6033/6019/6112. below 5868 - 5828/5803/5786(is this a gap??) then the main neckline of 5700 - 199% I AM BIG ZERO IN CHARTS..trade on your OWN.
so, we hv NS > Dev.DHIEMAEOD close > this will be buillish / impulsive.. OI data may prolly realign with PRICE REALITY.. lets c wot we get EOD
@ sujatha,, you probably diagnosed well, it was hilarious..
Sujatha said...GA sir nd all Is the crane suffering from "Spondylitis"????-----------------------------------------------------------------If this is your remark, it is better not to disturb the "birds" anymore.On your own, now on.
@shree ramjitotally agree with you...PE writing increasing....even at 5900 but there is no single short covering from CE writers....may be they want to fight till death.......
Master.Fridays Price action , seems like a Expanded FLAT Formwise (Impulsive C finished today @ 5826 ?)... are you seeing current rise from 5826 in 5waves or a ZZ pls ?
yaar ANMP : idhar Shree bhi hein aur Shriram bhi.. lekin aap ne to khara Amdavadi ishtyle maa dono ki Bhel bana dee ;-)
@masteravg closing is 5901 and rising'if nifty close EOD below DHEMA then it make any diff to EW count? or alt bullish count still open above 5950? trying to combine EW and TT.thanks.
@SHRIRAMJIsorry for spelling mistake...aap ao to sahi ahmedabad me.....idhar duniyaa bhar ki bhel milti hai!!!
ILLANGO SIRNIFTY CLOSE ABOVE DHEMA CARRY LONG ?
Respected Sir,SBI JNSAR please.
ANMP:bas, ab neyota de diye ho, to ab ticket book kar hi lete hein :-)Have a nice day all, bye !
Sirji, spot-on ... too many distractions for the birds :) also, food taken away by the net, fishing net, i mean. Respectfully yours,
Current DHEMA plz....
@anmp,,is it closing or dhema?
if dhema pls post closing quickly
..CLOSE ABOVE DHEMA..applied for trade...
Nifty bounces 65 points from ND Sir's ATR Buy zone.