Master,Can u pl post the internal pref. labels for the fall from 6228 NS ?
@ shriram,It makes me strain to look for....which is not right.Nevertheless, it seems quite corrective like abc-x-abc (6229-6195-6225-(6180)...)Alternatively, it could be waves sub-dividing which will mask an impulsive one as a corrective.
Master,Thanks for ur time n guidance :-)Can trading below DHiEMA/ DEMA , invite re-test of Channel support / St.WkEMA zone @ 6110-08 i.e where wud the WAVE FORM seem complete as WXY sir ?
Today is day to watch movies (instead of intraday trading)
a small bearish WW developing within larger +WW..pt5 may have formed or may form within 6195-99 range......may trgt 6184-6180 range near 1.15pmsl abv 6202
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6245, S1-6226, R1-6268, VWAP-6232The 6200PE writers are active, may try to hold Nifty above 6200 level, still within the small range, waiting for the BIG MOVE…Thanks & Regards
@ shriram,There are times a seemingly corrective pattern breaks down into an impulsive one or a deep correction.Break out of this wedge could keep bulls active considering no damage yet to Day signals.Only credible pattern visible is a "small falling wedge"."6160" is channel bottom in hour chart. Considering doubles & triples in play in correctives, we can not state where it can end. Yesterday spread 34 points; today 22 points........such small ranges are to be "weathered out" till market shows its hand decisively.
Let the grinder run upto this week end for "special items" :) so that all can watch more movies :D
ONLY BARRIER 6201.SUP 6160 N 6140
hey everybody,just WAIT for some more days !!!!!!Jay
Master,Thanks a lot !
Hi Sujatha, very true - just watched movie "roja" :)
Prices have come out of the "Falling wedge" this hour.Strength, if any, would be known soon.
five done from 6182?? 2 min tf
6188-92..to watched as retracements
as well as wedge support ????
2 minutes candles at top form evening star..implication not good till now..breaks all retracements
New Post Done.