@ Ajit,Its niftyrange.in
Hour chart showing "Fast Rise" updated.
Dear Ilango sir,Are Day R3 / R4 , developing numbers for the day ?6158 is the Day R3 in the daily TA file.Raghavendra
Good Morning Sir and dear friends.
@ Raghavendra,R3 in the file is the midpoint between R2 & R3 which works well on 90% of times.On certain occasions, we take the actual R3 & R4, this instant being "month assertion day"."6134-42" may be used to trail presently; later trail it up.
@ Raghavendra,R3 & R4 are not developing numbers but based on Yesterday's high, low & close prices pivot calculation.http://www.pivotpointcalculator.com/
Nf is getting resistance at 6231, R3
@masterhow do u arrived at 6134-42 for trailing? pl guide.thanks.
Dear Ilango sir,Was unaware of actual R3/R4 calculation and have been using the mid-point for long. Thanks for the clarification sir.Raghavendra
SBI in Fast Rise
thank you sir, it was a nice live example.of fast rise and fast fall chart..
@ anmpatel,They are not retracements; but previous resistances (as seen in day-stochastics chart as 6134-42) turned supports now.Most of the critical numbers may be taken either from line or bar charts, available from "market's footprints" which need to be followed ....
R3 done @ 6180.And a 5-waves also doen from 6068 to 6182.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6149, R2-6204, R3-6259, VWAP-6211The first day of the series and the 6000PE writers firmly in control, is this the start of a New All Time High and a Huge Bull Run :)Thanks & Regards
@Ilango Sir,In your Pre-market view early this week you mentioned:===========================Above "6165", bullishness confirmed for new highs.===========================Could you confirm if this is still valid?
sir ji,macd broken dn signal line 'but price NOT falling.what can the inference be ?
may be it is signalling for a fall
11.00AM TT & Chart Updated..
GM Master & JN Family,Have a gr8 trading day !
Dear Sanjay Bhai,Agree for New High but Bull run purely on liquidity and with huge negative divergence on economic fundamentals only on few stocks ?
Dear Ilango sir,Does the downmove from 6182 to 6165 look like a leading diagonal?
@ Sonu,6165 was the 80% of 6212 to 5973. It gives the first signal of prices advancing higher.6270 is the 80% of the total fall from 6343 to 5972 which would be the next signal to look for more strength.I can not predict new highs but certain patterns & signals suggests "possibilities", provided market holds key levels during corrections/ retracements.
Dear Manish,Negative divergence on economic fundamentals would be for Aam Admi.Market itself decide it's valuation.The main reason for new high if there shall be in coming days/weeks/months would be liquidity. DII almost dried up and very negligible retail participation would be ideal condition for buyers who have poured money @ all time market high,cause they know it very well that there shall be less interruption while going up,once seller is tired. In the mean time,there would be ups and downs as usual cause market has the tendency to shiver when it see cardamom and feel heat when it see cloves.Let us see.
good morning dear sir ....your TT start of (iii) 6182 done and runing 6182 to 6155 (iv)....23.6%...?
New Post Done.
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Good Morning .. Dear Ilango Sir & Blog mates,