the bullflag seen on 30 mins yesterday has done its first target at 6200, also 61% retrace and now holding this, will approach 2nd target at 6240. Critically holding this 61% retrace we might see higher retrace of the bigger fall, and dare-I-say - on-wards to a newer high !There is a bullflag now on 5 mins too(within a bigger bullflag on 30 mins) , B.O 6210, target 1 : 6230, target 2: 6250..Fail below 6185.
Spot trades above 6208 next res,n targets are 6245 and 6265
Another "irregular flat correction" will get completed:a:6210-6186b:6186-6212c:6212- xxxxOnce "c" gets completed, another round of upmove will unfold.Gets negated below "6180".
dear sir your update wave c is open...? his tgt of 6269 ( 80%) ...?
@herrysir told c will complete above 6186 level. next wave will be tgt 6269
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6199, R1-6246, S1-6170, VWAP-6224Nifty consolidating in a narrow range after the Big up-move of yesterday with Bullish Bias, Buy the dips till 6183 NF is held…Thanks & Regards
Name a frontline stock that has doubled in less than 4 months.
tata steel nearly doubled
Ilango jiIs it Tatasteel
on Aug 7th TISCO made a low of 195 today high of 391.55
@ SKS,Not "nearly"; it did double from a low of 195.30 to 391.55 from Aug.07th to "This morning"...
C completed at 6192??
yes sir just confirmed the low of 195
"Cyclicals" stock investment is an unique investment strategy as the "cyclical rotation in prices" provide for excellent opportunity.The stock file identified the bottom around 190-200.
@ Prabhanshu Raman,If it was a flat, it should not break 6192. If it does, a correction of some other kind may be unfolding..
For trading purposes, "6186" is critical..
sir, Its Tata steel
GM Master, How u know bottom in tata steel at 190, In present marketany stock like tata steel?
@Ilango Sir,would break of 6186 indicate weakness?
Master recommended Tatacomm for investment long time ago
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New Post Done.
Sir, Its been long time posted something here. I was locked my hands to type something due to technical issues. Hope all our family is doing well here and getting rich slowly. Ilango sir, you are Unique in market. I tried to learn discipline from you. You make 5 postings a day and a lesson to learn on week ends without any selfishness. Appreciate your attitude. You are giving ppl how to fish rather giving a fish. Sir ji, I learned EW from your charts and your basic material. Shree ram sir also helped me to learn more.
Another "irregular flat correction" will get completed:a:6210-6186b:6186-6212c:6212- xxxxOnce "c" gets completed, another round of upmove will unfold.Gets negated below "6180".If it was a flat, it should not break 6192. If it does, a correction of some other kind may be unfolding..November 19, 2013 at 11:34 AMSir,Can we say c completed at 6187. Did not break 6186 but 6192 broken. So confused is it the different type of correction on or the upmove after end of c