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.
@ Prakashbc,One of the large cap stocks i am tracking with a low risk reward is Coal India.From a weekly long term chart ( 3 years ) , stock fell from 420 to 290 levels and rose again to 385+ and fell recently to 238. Falls are nearly equal and perfectly channeled with clear 5 wave down moves.Price rose from 238 to 315 and currently at 61.8% retrace @ 267. The fall from 315 is again to 268 ( as of today ) is perfectly channeled.Raghavendra
Dear All,Fall from 6212 to 6186 looks like a falling wedge in 2 min chart.Raghavendra
@Ilango Sir,Is it the expanded flat? Or should we consider weakness now?
Dear ilango sir,what would be the value of the trendline connecting 5973 and 6040 as of this hr and next hr?
Shriram and seniors,Is there a +WW in 5 Minutes?
responding to master's q on stocks doubling in last 4 months.Here is a list of 99 stocks that double on NSE within last 4 monthshttps://docs.google.com/spreadsheet/ccc?key=0AqZ1StXhuDqtdG5xNTJUM2NrNkI0dENPbDFZU1A1bHc&usp=sharing#gid=0
After closing market at 4 p.m. Our Finance Minister Chidu attend press conference and announce some point on indian economy,Why not in live market??Why They Do these type of Gambling??Raghuram Rajan announced after market and next day Nifty open 100 point plus,Why not announced in live market??Our total Politician are gambler.Why god save them, and why not punish them??
MASTERa:6210-6186b:6186-6212c:6212- 6180D:6180-XXXX?IT IS CORRECT?
@pritvi raul sir we can punish them ...simply not vote 4 them...why involve god in such simple matters....he he as far as rajan ,he has been appointed simply to ensure huge funds available for election and later horse trading if needed....no govt will appoint a rbi chief who doesnt follow its dictate in election year....
@Master,Is it looks like ABC completed from 5974 - 6212??
Sir and seniors,Namaskar. Can Tech Mahendra be considered for longer term investment. The stock price is made 52 week low at 865 in Nov 2012. Currently trading at 1700+. Almost doubled in a year time. Can it be added in meaningful corrections. TechM is still trading at quite comfortable valuations to its peers.
@ Sonu ,Yes, it is an expanded flat.
@ilango Sir,One conceptual doubt on EW - 2 consecutive shallow corrections (yesterday and today). Alternation principle of EW not followed?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6199, R1-6246, S1-6170, VWAP-62226200 NF seems like sealed for the day with huge addition at 6200PE level, though the 6300CE writers are back with huge addition of 7.25 lacs, some range bound play…Thanks & Regards
Bullish: 6191 6188 ... is 50%-61.8% retrace of the last rise from …… 6180 to 6202 80% is - 6184 If strength to return again, it should be around 6191 6188 Weakness gets confirmed Below 6188 OR 6184
@ Sonu,Alternation in corrections is only a guideline.Sometimes when waves sub-divide, the shallow corrections could be of different wave cycles..
SBI on dream run.
@ Sonu,I take cues from these correctives.Running corrections are very bullish;Flats, especially the irregular ones, are very bullish.Zigzag suggests growing counter trend.Triangles announce the "end" around the corner.
TGT 6222/6250 Nifty Spot
ns , stron res @6216/24
we have the hvt trade in nf 1.37 those tracking hvts also made high of nf so far ...mynac sir...
New Post Done.
Inhs or double top? If Inhs then bo above 6210 tgt 6244If double top then bd below 6180 tgt 6158