@ Aly,Yes...as long as 6213 holds. Below 6213, tolerance upto 6207.
If counting C up from 6151, and C.1 as LD then C.3 may be doing thus3.i 6158 6196 38 3.ii 6196 6177 -19 -50.0%3.iii 6177 6237 60 157.9%3.iv 6237 6213 -24 -40.0%3 6213 6243 30 50.3% ** in playTo be followed next week by C.4 and C.5 to finish a ABC from 6130 ??
respected llango sirwhy we consider sometimes 38.2%and 50% though normally we consider 50% and 61.8%is it because of iv wave which does not retrace much or some other reason is thereas said in last postsirllango said...Monitor intraday trades with the last rise from 6177.6211 6205 ... is 38%-50% retrace of the last rise from …… 6177 to 623280% is - 6188 If strength to return again, it should be around 6211 6205 Weakness gets confirmed Below 6205 OR 6188 December 20, 2013 at 12:25 PM
@ dharmu mishra,Experience in reading technical studies & EW and the kind of correction that unfolded in the earlier wave.(Quantitative analysis)
Weak below "6219".
Ilango sir.. As u said earlier As soon as a 5 wave completes a min. 50% correction may unfold.Here.. A 5 completed from 6177, so should one look forward to buy again once 6227 (61.8% of 6236-6213) gets breached. Or am I looking too much in detail?
respected llango sirthanks for your precious time to ans my query
@ Sahil ,Only when a technical matching with EW is complete, can we expect such a retracement.Every market is "different". They are a combination of various T/F's price positioning.Depending on that the retracement can be anticipated but "must be monitored" for any subtler changes.It is possible that "iv"th is still unfolding after the "iiird" completed from "6177-6237."
Weak below "6229".
market make today 6350
Dear Ilango sir,Can today's price movement be considered as "weekly trend assertion" trying to change the Day TF ( attempting to close above Day High EMA ) ?Raghavendra
"v"th wave successfully trailed with 6219 & 6229.
@ Raghavendra,Weekly signal "Sell on rise" provided a trade.And yes, week trend too is asserting now.However, closing below WHEma would keep it again in a "Trading mode" unless the day momentum surpasses it.
Thank you sir...
3.00PM TT & Chart Updated.
How about closing above 6283 (WHEma)
Dear All,Closing above 6254 will be a Bullish Engulfing candle.Developing DHEMA ( @6276 nifty spot ) is 6253.Raghavendra
Respected SirDeveloping BN JNSAR pls
Dear Master,Your early hints at trend reversals....simply great. Need to learn and act on them.Such a powerful move (3rd or 5th- I would not guess), if caught at right time would have covered entire week's choppy moves/whipsaws.Thanks for your guidance....!
Thanks a lot Master.
dear Ragvendrahow you calculated for DHemacould you pls teachthanks
It seems, waves are sub-dividing:6151-6197-1 as LD6197-6158-6196-6177-2 as Flat6177-6237-3.16237-6213-3.26213-xxxx-3.3 unfolding....
dear ragvendra if this wave to be considered iii i=iii than we should see 6292is my application correct sir
@ Dharmu ji,DHEMA calculation is present in the Nifty TA files posted by Master every day. Please refer to the tab " Data D" and column M.EW waves - just follow Ilango sir's waves.My understanding on 3rd wave : They can be either equal to 1 , greater than 1 or less than 1 as long as its never the shortest.Raghavendra
@ragvendrathanks for responsei will download TA nifty file todayshould we be cautious at i=iiihow this level to be managed in trading