respected llango sir needed your advise and guidence sirwill it be correct to wait for the action of falling wedge in hourly chart by following few things asprice should move above hrly high emaand it should be supported with divegence in hrly chartor further aspects to be thought ofsir pls advice thanks
At present fluctuating between +/- 2 of ORB(15min)
Respected Sir,I want to trade with JNSAR method so pl. tell me sir what is SL & Tag.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6273, S1-6239, R1-6294, VWAP-6253Another range bound day in the offering, with the index in a small range, but the Bias is still negative as below Daily POC and VWAP…Thanks & Regards
triangle in 2 min NS shart. BO above 6223 (with tgt of 6248) or Breakdown below 6216 (with tgt of 6191). lets c
BN Future touches its 10SMA @ 11257 and bounces back. if this sustains on an EOD basis; markets likely to reverse
retracements upwards for BNF as follows.23.6% @ 11286.38.2% @ 1130450% @ 11320
61.8% @ 1133573.6% @ 1135180% @ 11359. staying above 11335 - 11350 range highly bullish on BNF
10SMA of BN Spot @ 11294
Sir, 1 query. My understanding 2 scenarios are in play.1. (ii) of 3.3 is running (of uptrend)2. (iii) of 1 is running for reversal from 6343 (C).If it is (iii) of 1 (of reversal), then fall should be fast and strong. But what I am seeing as this fall is mild and more of corrective in nature.If above understanding is correct, then shouldn't we only look this fall as corrective in nature??
the above retracement upwards are for the current WAVE
Nifty spot crosses its 10SMA@ 6227. staying above this Nifty would target higher
Jnsar short s/l hit ..
GM Master & all blogmates.Have a profitable trading day - M S Rao
should BNFuture sustain 80% retracement on da downside in this new 2nd wave @ 11403. expect it to keep going higher
GM MAster, Wedge breakout happens Kindly target for this BO?
BN future now staying above 11482 wud target 11799
What is this man. .. Was looking for 6180 now we are seeing 6280...Seems (iii) of 3.3 started. No positions now and looking for retrace for long entry
@Ilango Sir,Is this the googly from market or is this the 3rd up?
@Ilagno Sir,Sir rising wedge on 5 min chart?
the retrace from high of 6342 to 6207 is 135 points. 50% retrace stands at 6274.5.
73.6@ is at 6306.35 and 80% at 6315
Intra day weakness below 6270.
sir hourly updates please
Seems 5 waves are over at 6289 from 6207 and corrections undergoing.
@ Sir ,Can we treat 6330 to 6207 as 1 down - (not impulse , but falling wedge ) , and the rise as 2.
GA Shriram sir,the last fall from 6305 to 6207 is retraced more than 80% Any further clue for this uptrend?
6291 is 61.8% of the fall from 6343 to6207
5 waves from 6207 - 6289:(i) 6207 6225 (18)(ii) 6225 6210 (15)(iii) 6210 6279 (69)(iv) 6279 6265 (14)(v) 6265 6289 (24)OR 3 Waves from 6207 to 6289:(i) 6207 6225 (18)(ii) 6225 6210 (15)i.(iii) 6210 6279 (69)i.(iii) 6210 6242 (32)ii.(iii) 6242 6238 (4)iii.(iii) 6238 6279 (41)iv.(iii) 6279 6265 (14)(iii) 6265 6289 (24)(iv) 6289 xxxx (or completed at 6279)(v) 6279 yyyy (iv + length of i <18>)
. anyone could provide dev dh ema
@ dinesh It is 6285.
Retracement levels for the rise from 6207 to 6289:23.6% - 627038.2% - 625850% - 624861.8% - 623873.6% - 622980% - 6223
Thanks never give up
Sirji, Shri, Raghavendra.... Where are you guys. .. Please throw some light what's happening. Some preferred wave counts from you will be of great help
Seems bounced back from 38% (6258) of rise from 6207 to 6289
Dear sir,for short term the downmove has been restricted and a new high is on the cards,as this upmove entered into the territory of 1st downwave.pls comment on this view.thank u.
Shriram, r u there ?Would this brk out can target 6400 ? Shud it be considered as vth started ?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6273, R1-6294, R2-6328, VWAP-6292The Bulls are back in Business with huge addition at 6300 and lower strike prices and the CE writers are covering at 6200-6300 Level, Buy on Dips…Thanks & Regards
friends ,earlier google finance used to update tick by tick,for the past couple of weeks auto refresh is bit delayed. Anybody facing similar problem and any solution.
@ Prabhanshu Raman,I generally refrain from counting Elliott waves at micro level ( < Day TF ).Here is what i see on EW along with other TA observations.Fall from 6343 to 6347 = 96 points as "a"Rise from 6347 to 6305 ( 61.8 % of "a" )Fall from 6305 to 6209 = 96 points as "c" & 100% of "a" taking shape of ending diagonal.Bounce out of the ending diagonal is usually sharp as exhibited today - and wave form of this rise from 6207 is a typical "bull stamp" . I am considering this as part of a 3.3.1.On TA side :Captured Hour High EMA, Day EMA , Day pivot, Day S1 comfortably. Fight is for Day high EMA.Faster retracement of last fall done. Reference 30, min chart.Staying above Week pivot and 61.8% of rise from 6207 will mean more upsides to follow.Raghavendra
Master used to tell, the strength will return only between 61.% and 73.6% of the raise. In this case it is between 6238 and 6228 (For the raise from 6207 to 6288). Is this valid now? Seniors, please confirm.
New Post Done.