Will Jnsar to trigger buy again ????
@Sudarshan,When NS does it- it will do it..Seems - Right now its testing for -WW / Slingshot mentioned by Shriram... :-)Or Master's 21-34 HrSMA levels for shorting again...(For the quicker ones who part booked gains on earlier dips)..:-)
Ok, so we hv a -WW on intra, formed by pt5 @ 6193 and ENTRY activated below 1-3-5 @ 6187 1-4 tgts : 6155 / 6130 NS, lets c what the pattern does now
MASTER SAID @ sudharsan,Trend is "UP" but a consolidation is on as long as prices do not close below WLEma. Until then, prices stuck between HEma & LEma, it is in a "Trading range".It is sell on rises initially and once that selling brings the prices down closer to WLEma, it, then, becomes a "Buy on dips", based on shorter T/F technicals.
STB - may be his jathagam is with "kala sarpa yoga"??? after certain age it will blast only upside :) i think even for "mukesh ambani" . (mukeshji not completed his MBA) these kind of people hv good wealth and mass popular. even in ordinary people v can see - they r very rich and popular among the in and around areas..but "down to earth people" nobody can match with superstar..born "styleman" :D :) .."in west/north rajesh khanna" :)May GOD give him more strength to act with "Junior AAradhaya" too :D :) ha ha
6180 6176 ... is 50%-61.8% retrace of the last rise from …… 6163 to 6197 80% is - 6170 If strength to return again, it should be around 6180 6176 Weakness gets confirmed Below 6176 OR 6170
Jai ho Shriram!You are the master for WW... ! We need some weekend tutorial with illustrations where you can share the power of your "simple eyes" to locate 1-2-3-4-5... and no A-B-C. We shall rename it SW (Shriram Wave) :-) (Certainly with permission from Master)
@Suj....Rajesh Khanna was also too good......Kishore Kumar's voice gave him an additional booster.....lovely songs....These ppl are from gandharva loka who are born on earth to entertain......and of course they are in gandharva loka coz of great karma....Earlier only kings and ministers and other friends of theirs used to be entertained....In kaliyuga anybody can get entertainment...with an internet connection and a computer....or even with 150 bux spent in a multiplex....:):)
fast fall setup ????
Anand, Relax !Follow master's JNSAR. Simply Spot &Trade patterns along JNSAR... trail the position to cost now & simply sit tight, .. we can celebrate once the 1-4 is done, becoz that is when the RISK of 20pts SL would be Justified by getting 30-40 pts in REWARD..SAINT IN THE TRADE ROOM, v v important lesson from Master , Shanti !
Sure Shriram;Core remains same..as per Master's ideas.I am not following the WW or trading it. But we Love to see someone putting thoughts/patterns in practice and how it works out - like your and patterntrading's WW, ND Sir's ATR, anmp's HA, Aly's wedges/flags, etcI don't use them, but as a student I would like to learn the other tools and what better way than in real time !Thanks to all here !
34DEMA, Dev.Dlo EMA support net coming up @ 6155-58 NSMore below that
Master,To ur eyes has C.iii commenced @ 6197 NS sir ?
Master,Support with DLEMA can carry Longs?
@ shriram,It is labelled accordingly.You spotted the bear flag as it was forming. It kept itself below Hr.JNSAR though it closed above 21/34 Hr sma briefly.Last fall retrace needs to be monitored to manage trades....6197 to 6158...retrace @ 6178-82 & 80%-6189.
Please Reply me sir.
ok, will try to sit tight & see this, to its logical end thenThanks sir ! Bye all , hv a nice day :-)
@ raghava,Which Long? when it is taken? Trade based on which T/F?
Ilango Sir - Is the bearish engulfing pattern still valid?
Jnsar is Sell
@ raghava,If it is based on my "Only bullish scenario", holding 6110, it could rise as in a "Flat" correction, the overnight risk remains considering a close below 5DEma.
@ Bharat Kumar,Weekly bearish engulfing is still valid andthe sell on rises too.
Master Thank you for the Advice.....weekly Sell on the rise worked out well
Ilango Sir - Thanks for the response! Looking into the same maybe we'll see a Big Red Candle tomorrow! :-)
Master, I had taken based on DLEMA and Vix is 16.7 and now covered 3/4 th. Thanking you sir.