@ chandiok,Ilango said...6346 to 6179, a 5- waves done; 6415 to 6179, a 3- waves done.January 3, 2014 at 9:23 AM========================================It means, the 3rd wave which started from 6346(the end of 2nd wave) had 5-sub waves & ended @ 6179. Hence, from 6415 to 6179, a 3 waves done and from 6346 to 6179, a 5 waves done.
Highest OI addition happening for 6000CE till now. Looks like bulls have given up hope on 6100 & trying to protect 6000. Im no expert, but wating for other OI expoerts to comment on it for confirmation.
Sory correction ... 6000PE.
GM Master & all blogmates.Have a profitable day.
Namaste Sir and all, @ gaurav, After the break of 376 - 375 the wolfe wave target was achieved at 369 yesterday. Today it seems to be a break down of the contracting triangle - If supported at 360 there is possibility of retracing upto 370+ Else breakdown of 359 - would be a Cup with handle and Trendline breakdown in Day TF with much lower targets.
6185 - 95 resistance zone while on up move is now turning a minor support ?
Dear Sir, thanks for your earlier reply.So if I have understood it correctly: If no new high is made in the next few hours we can confirm that 3 ended at 6179 with 5 waves. And then completion of 4th should be watched which may occur at DLEMA although it may be early to say that.
Namasthe ilango sir and friendsToday’s quote received :Instead of looking at the hundred reasons to quit,Look at the thousand reasons not to give up.
GM How 3 wave done from 6415 -6179? If 2nd wave marked in hr chart ended at 6358 then 3rd wave atleast equal to 6358-(6415-6130=385)=5973? Also if Green C wave started from 6358 then also it should reach atleast 6130 or equal to GreenA?
GM Master & JN Family,Have a gr8 trade day !
dear sir in your premarket analysis you mentioned that it could be either a correction of 5119 to 6343 targeting 5970 or little lower or it could be a major monthly correction of 6415 to 4531 and c starting. what are the levels which would indicate it is either of the two? many thanks
I hv a feeling 2014 is going to be a grt year for JNSAR and other proprietary system traders.:):)Second trade of the year going great Gung ho!!! What ho What ho What ho....Whatsupppppp:):):)Again, a wonderful and prosperous trading year 2014 for everybody.......Predict to Perish...Follow to Flourish
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6304, S1-6200, S2-6142, VWAP-6229The 6300CE writers have added huge within the first 2 hrs of trade, but good addition seen at 6200 and lower PE levels, 6200NF may hold for the day…Thanks & Regards
Misunderstanding leads to "confusion" of huge proportion...Only when you are well prepared, you could understand the exchanges.Until then, study, study more, study some more... relook at prices..relook at your questions.Still there are so many "complain" about my "Silence"..
Dear Ilango sir and blogmates,Good morning. 6198 is the value of trendline today from 5701 and 5972 lows. I think it will move around this trendline today to make a final decisive move tomorrow
Dear sir,i am also having the confusion just as Prakashbkc,pls clarify.thank you.
Seems today Week JNSAR may also trigger......
Ooops already triggered if am not wrong.......seniors pls comment
@ Prakashbc,Ilango sir mention of 3 wave done from 6415 is a Bullish count taking shape of a irregular flat from 6343 - 5973 (A) - 6415 (B) - 6178 (C) as part of 3.26415 - 6130 = 5 waves as "a" ( Hence should be a zig zag )6130 - 6358 = 3 waves as "b" ( 80% retrace )6358 - 6178 = if its a 5 waves as "c" ending "C" ( 80% retrace of 6130 to 6358 and ~ 0.62% retrace of fall from 6415 to 6130 )Raghavendra
GM MasterHow 3 wave done from 6415 -6179? If 2nd wave marked in hr chart ended at 6358 then 3rd wave atleast equal to 6358-(6415-6130=385)=5973?Also if Green C wave started from 6358 then also it should reach atleast 6130 or equal to GreenA?
@ jay shah,To say that 80% would decide may not work on certain situations. Since our approach is based mainly on EW+TA, we would get more clues of the same as the prices unfold in the coming weeks & days.For eg: Though EW suggested of the completion of bounce from 6130 @ 6343, TA with its 9 day-Rsi, macd showed strength remaining and accordingly "b" stretched due to holiday season and ended with a small but sharp "c" to complete the "abc" @ 6358.Similarly, going forward, we'll follow prices with EW+TA study and other studies for confirmations such as TT & JNSAR.Two weeks ago, the "Crane strategy" in week T/F showed a huge weakness starting and the same was followed with a corrective rise lasting 2.5 weeks. This way, you spot weakness, plan "entry strategies" and execute.
Master,Wot about this possibility.Fall from 6358 as a C of Expanded Flat asa 6344 6274 -70 b 6274 6358 84 -120.0%c 6358 6181 -177 252.9% ** done ?
@ Ilango SirTT update for 11:00 am pl
@ RaghavendraIf you read Sir's first comment above, I think he implies that from 6358 to 6179 is C.iii and not C
Thank u Ragavendra.
@ shriram,It is because of the "Week Trend" on the verge of turning down from OB zone, I haven't considered a shallow correction.
tks for reminding on the Wk Trend master ..its a gr8 pt :-)Even the wk candle EOW basis will be an Engulfing bear if we close < 6267 , so... need to see EOD
sudden drop from 6207 should ideally imply more downside. Nifty may gain strength only above 6207 now
In premarket Master mention Two EW option both pointing down at least 6000 level so one can take short position only
thanx mam i would request you to please further update on tata motors if time permits
Support to Resistance to Support now again looking to touch resistance... Shuttle service..
Thanx Raghvendra sir for explanation
New Post Done.