sir 6304-6329 is exactly ab=cd may be 4b?
@ Satheesh,Label the TataMotors with an "Alternative view" of 3rd ending at 400 and the 4th unfolding as an irregular Flat, you could then accommodate the current rise as the 5th.
@ Piyush Sharda,IN ST T/F such as 2-min, more than one possibilities appear; we go with whatever is most obvious to "our" eyes. But readjust ourselves as the prices unfold.
very true sir
Dear Ilango,As per pre-market channel resistance acting at 6327/28. Perfect!!!!!!
-ve divergence on hourly ! - longs need to be careful
respected sir, does the tatasteel looks alike tatamotors? 4th possibly finished from the highs of 435 and 5th started yesterday from the lows?
plan to allow for some extra time if riding bikes on mumbai roads, stretches of highway are slippery due to drizzling
dear sir good morning...nifty countinu higher lavels..? c V th...anding..?123.6%
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@ sarvesh sharma,Yes. Tata stell too looks similar. Monitor the last rise from 371.
thank you, sir!
@sarvesh in additions to EW analysis , just check the MacD & RSI factors for short term.
respected shriram sirin this ABCDE formation A=6130C=6140E under formation can we expect this in the same range
Hi frds' when and where i short nifty? any suggesstion with reason..........
@Master: Can we say new highs possible only after 6330 (6330 being yest's high & 6228 being today)? Weak below yest' closure of 6303.. & 6303 - 6330 being no trade zone?
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6300, S1-6268, R1-6352, VWAP-6330Equally distributed addition at both PE and CE, with small edge with the PE writers till VAH at 6317NF is held, Dull day of trade could be in the offering…Thanks & Regards
Daily technicals are good but still nifty is not racing higher. Looks like a corrective bounce till now. Daily Upper Bollinger Band @ 6267 is the immediate resistance.
@ Dharmu:To simple eyes, See a -WW now on NS.. will stick below < Dev.DhiEMA @ 6316 NS, 1-4 tgt: 6255 NS
respected shriram sirthanks
@ting tang,, i had a look,,nothing seems to be bullish ..if you see that it is oversold..that might not be the confirmation signal for bullish notes
CLICK HERE TATAMOTORS DAY CHART UpdateSir labelling done in Day chart
@OI experts: We are seeing OI reduction in 6200 PE & addition in 6300 PE. Does this convey that bulls are booking profit on 6200 & slowly shifting base to 6300?
30 pts drop with an a-b-c structure. correction over?
hi aly now the correction starts...............to 6267.
CLICK HERE Tatamotors Week chart Update A diamond Top is formed in Tatamotors. For details about Diamond Top refer:http://thepatternsite.com/diamondt.html
Prices retraced into the 50%-61.8% of the last rise of 6273 to 6329 and completed an irregular flat(Bullish) and moving higher for the (iii)rd wave.Hence, holding 6301 is critical for the above view.
Sir when u talk of Tatasteel are u saying that more downside is possible?? please advise Sir
good afternoon illango sir and blog mets,
again i say........ downside move starts...................
New Post Done.
DEAR SIR SENSAX HIGH IS 21302 THIS IS 80% RESISTANCE TODAY HIGH
Dear Ilango sir,trendline connecting 6244-6274 broken?