@ sarvesh sharma,6156.95-6173.6=a6173.6-6170.90-6174.9-6171.25=b6171.25-6179.55=c
5 done from 6356 in 5 mins chart . Looking at day RSI around 40 i think its a "C" unfolding from 6356.
sir ,from 6179.55 to 6151.7?
Latest Day Low @ 6151.70
reposting sir, please answer if time permits.Illango sir, you have labelled both (1) (bearish) and 2 (bullish) in the same region in the chart above. Does that mean that either of these will resolve completely in the time to come and the other one can be ruled out (at least for the time being)? What are the levels that would indicate which of these labels is more plausible?
thank you, spotted the internals...
lllango sir Weekly low ema 6180 - 40 = 6140 any supposrt
@ Piyush Sharda,That completed a (iii) from 6179.55 and (iv) just got over.
As of now, 6150 is held for the day. Tomorrow is RBI event & Wed (Thu morning for us) is the Fed event.
@ saptharshi,If Nifty takes 2 or 3 days to reach that point of 6130-40, the ST TA could adjust themselves and make it a support for week too. If not, it would break.
Thank you master
Latest Day low @ 6139.70Sliding as if there is no 2moro
respected sir, (e) of traingle still in contention or gone being e>c
@ Piyush Sharda,It is also possible that "waves continue to sub-divide:6179.55 - 6151.60=(i)6151.60 - 6162.00=(ii)6162.00 - xxxx = (iii)Hence, the last fall retrace from 6162 to xxxx is critical for intraday players.
New Day low @ 6137.15
@ Varun,We'll consider the decisive level to differentiate the two only when technicals compell us.wave 2 can retrace to 50% or 61.8% which is quite far. And wave 2 could end @ 23.6% also.
yes sir,6140/6130 historical support. only a black swan can glide thru without effort ,mostly small pause shud be there
@ sarvesh sharma,"E" does not fall the way Nifty opened this morning. Hence, we removed that label in "Update-I".
i am sorry,,that went unnoticed..i agree to your point..thank you
6158 6163 ... is 50%-61.8% retrace of the last fall from …… 6180 to 6136 80% is - 6171 If weakness is to return, it should be around 6158 6163 Strength gets confirmed above 6163 OR 6171
Dear Ilango sir,At what point - we can confirm the "Descending triangle" pattern . Day closing below 6130 or a Weekly closing below 6130 ?
6156 6161 ... is 50%-61.8% retrace of the last fall from …… 6180 to 6131 80% is - 6170 If weakness is to return, it should be around 6156 6161 Strength gets confirmed above 6161 OR 6170 ===========================================If it moves above 6162, then consider: larger retrace from 6180.
ILLANGO SIRCAN PART BOOK AT HERE IN NIFTY AND BANK NIFTY ?
great sir today i am stood at 6247 as per jnsar now book first nifty 6170 nr then another nifty stood now i m stood trading sl of 6170 nice snapshot sir i want to this formula applied on MCX like gold,silver,crude & nature pls send me this formula sheet on my email email@example.com
@ Raghavendra,Descending triangle, instead of being a continuation pattern, has turned out to be a topping pattern with prices opening below the rising trendline that connects 5973 & 6140.One more day's price action is needed to confirm negation for "continuation-pattern".
Latest Day low @ 6130.25
@ murli,6130-40, last two lows may hold in ST. They are likely to be retested after a pause.You could part book.
LOL>>>>>ROFL>.......Formula.....@vishalmodi.....formula is simple....(x+y=z/x-y)<> X:Y/x-y/z+y * (z+y-x)/log y;):):).....ROFLLLLLLLLLLNote chaaapo yaaaa formula vormula ke peeche mat pado...):)
Thanks, Illango Sir. Varun
Thank you sir.
STBSTB ,You missed a sigma at the start :)
As I read some time back chidhu have stakes in stock and comm exchanges too. is it right?
@Raghavji....could not locate the sigma key on the keyboard....:):):)....What a lovely day as always....Luv and hugs to all....byeee...:):)Have a nice day.