TISCO on way to T1 of 468 ?
GOOD MORNING MASTER N BLOG MATES@chetna--if yu r following R-com please update yur view .thank yu
@ Prabhanshu Raman,Yes...provided it stays below 7131-35 now.
Day Low : 7096.15 Day High : 7142.25 Day Pivot : 7116 Hour Pivot : 7120NS well above HKN ( Hepta Kilo Number ). Currently @ 7116. Day Pivot's R1 cluster @ 7147-7167 resisting NS.NS in SOR mode.NS will b back in BAH mode once above HHema @ 7131.For learners sake :BAH = Buy And Hold BOD = Buy On DipsHKN = Hepta Kilo Number = 7000
Thanks Sir,Shri - I think I misjudged TS bull power :-)
Good Morning All seems 5 done in Tata steel Form 388?
@ Prabha: huge pattern activating... watch McDowells too
@ AJ,use the server no. 18.........for sharekhan terminal ......its working
Break of 0 b line of presumed IF will be broken at 7104 ish as it looks nowIn faster tf than c formed
So what is the call in Tisco - Shriram and Prabhanshu. Above 442 it is 468?
bb - I am confused in TS, so cant comment
Downside Limited but considerable. Highest addition in 6900PE so far. With strong support building at lower strike prices.http://www.niftytrader.in/nifty/nifty-live-change-in-oi/
@ BB: simply put: EOD close > 430-432, will drive TISCO towards T1 : 468.. there is no change in the view
Thanks Shriram and Prabhanshu for a quick reply.
"We identified the 5 waves unfolding and alerted to the possibility of a correction more than the hour kind." Thank you so much Sir. More than this for teaching to be "Silent". The gains were very .... it forced many of my own "critics" to compare what they made by not wasting "time" chasing a zero sum gamble to what a "gambler" has made. Million thanks and tonnes of gratitude on teaching the value of "silence"
a=c gives "7048"."c" could be truncated too..
@ Rajagopal ,:)Welcome "silent gambler"
@ Chetna - Your views on Tata Steel pls!
@Cooldent & GaureshThanks, it started working again on its own :)
Market verdict accepted humblyMore down side only below 96
GM master and all friends,A HNS in Nifty two minutes break below 7097 targets 7050
RG sir Vanakkam
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-7139, R1-7199, S1-7075, VWAP-71437200CE writers are holding on with huge addition seen at 6900PE Level, PE writers coming back to solidify the lower levels, Buy the Dips, Sell the Rise for the day…Thanks & Regards
MasterA fearful query:How to ride this corrective ? - Stay on sidelines / long and let the correction be over?- Go short here (near B ending) and ride C ? But when to turn back to longs since C Can be truncated also?- or Cover longs here - re-enter near C targets or when the up move resumes taking cue from HR EMA/HR JNSAR etc?We saw your label of "i" yesterday and tried to ride the corrective but caught in upmove B...and then expose ourselves to the chance of missing the Big moves...Or is this for intraday? Hope you get what I am asking about ....
@ anand,If you sell at the resistances stated, either at 7125 or 7136 or below 7155, your SL would be minimum...and these trades are for intraday only.For re-entering the part booked position, it is either at 7042-67 or when prices move past critical resistances that develop during the course of this correction...which should end either today or by tomorrow ahead of Friday's results...Keep both options open while holding positions based on the preferred option.(Long)
Sir: A question about truncation. How much truncation is possible in C relation to the number of points in A. I read earlier in this blog that C Min should be 0.618 of A. Can this be lower too considering the overall bullishness and impending wave iii of 3.RegardsManish
Thanks a lot Sir.... Will try to sit tight and put this perspective on correction in practice !
@Prabhanshu---Tisco has wonderf ul INH breakout on weekly and monthyl---- dont short at allkeep adding it is a medium term buyRcom breaks out towrads 130-35-38 too
@cooldentwhere is that option tricks in sharekhan TT?thanks.
@ anand ,Refresh the memory of "how we handled the last correction ending and removed the red(2) and confirmed the green (2) to ride the (3)rd wave".We expected the market to hold 6641 and bounce/ reverse or fall to 6578-87 and reverse.Market opened next day flat, moved lower to 6652 and started to rise and moved above both 21 & 34 hr smas @ 6690 and then moved past 6722, negating the Red (2).Similar strategy should be applied during this corrective too..
@ leon,I do not wish to put too much emphasis on this 38.2% theory as none of these are rules but just guidelines. And guidelines work better if you combine them with other studies.Ahead of another major event, the corrective could take unusual shape and take up more time than the normal one which is of prime importance.As stated earlier, the results would start to get clearer only "during mkt hour"; hence, could be handled and risks managed with critical lines drawn..Traders need to be vigilant; investors can relax.
Master,PATTERN / Form jumpin out again.. Last-to-last week's fall 6870-6639 & this fall 7178-70XX seem v v similar Another Complex combo in making possible ? :-)
Sir, on the TT table, looks like an extra row has been added by error below the 11.00 hr update
@masterthere is positive div in 2min chart in stoch(35,3) and slow macd..if last fall 7120-7095..80% is 7115 broken, can be taken as truncated c?thanks.
Thank you Sir. So, trade light if short and be ready to reverse quickly.
@leon...on lighter side:kya sunny leon aap ke jaan pehchan main hai...wo hamare gujrat me hai...bhavnagar me!!!
small bullish ww developing in ns 2 min chartsmay have formed pt5 near 7095trgt 7140 near 12.15pm1.7096,52.71423.7096,354.71205.7095
@ Anmp: kal agar humne , ek naya user ID, "Bin Laden" ke naam se khola, to kya Osama jaan pechchan mein hein, aise poochoge ? ;-)
@shriram..are yaar khafa kyu hote ho.....aap ko bin laden aur sunny leon me koi fark nai najar aata!!!!
@ shri ram,,,,and doc sahib ANM ---good ones...hahahahha
yeto...agar koi patel vala ID ho to use puchhe ki kaha se ho bhai ahmedabad se...gujrat se...aisa normal conversation tha....correction me time pass bhi to hona chahiye na...
http://prntscr.com/3j2aaxdescending triangle in 2 minutes?
hahahah... @ ANMP: well farak hein na, kyun nai?Sunny is always saying "oooohs-aaah-maaa" & Laden is "Sunny side-up " (divam-gat) :-DDddd
Yes Master ! I was thinking about that last evening when you mapped "i" and tentative "ii" with its max levels...! Going short to ride the "ii" and expecting 7000- the marker / theory / estimate - may trap with truncation as Correction can be over even within 100 pts of its target (6640 and 6580 had 80-100 pts difference! and one could have remained short waiting for 6551 - my own personal bias, killed many times earlier...)Thanks for the "top-up" response!! Words cannot do justice to the gratitude for a Master...
one more joke on during this correction..one patient was about to die on hospital bed,he said to his sons:to 1st..."shaktinagar ke 15 tenament tere naam"to 2nd.."janatanagar ke 30 flat tere naam"aur to 3rd: "abadnagar ki dono society tujhe de raha hun"ye sunke nurse ne uski biwi se kaha : aap to baut amir ho, itni property 6od ke jaa rahe hai aap ke husband..uski biwi boli: kya khak property hai....ye to DHUDHWALA hai.......ha...ha...ha...ha...
+ve divergence negated.....
aur hum soch rahe the bhikari .. thikaana baat raha hein ;-)
now if ns sustain abv 7107 then may show swift upmove towards 7140
one more....shriramjiHusband' message (by cellphone): Honey, i got hit by a car outside of the office. Teena brought me to the hospital. they have been making tests and taking X-rays. the blow to my head though very strong, will not have any serious or lasting injury, but, i have three broken ribs, a broken arm, a compound fracture in the left leg, and they may have to amputate the right foot..wife's response: WHO IS TEENA?
@Anmpatel,Good one !! Naya hai Waha !!....Correction mein time pass....Sunny Leone ke saath ..! Sahi jaa rahe ho Doctor ..!..Trend mein Sunny Deol ko yaad karein ? ... ;-)
@ ANMP : hahah.... daat tudva diye to khud kar ilaaj kar sakte ho.. paarr i hope u have good Orthopedic frnds, to take care, for other bones ;-)
shrirammere khaane mein kyun dhool daal rahe ho bhai?
ha...ha....anand...ye to joke ho gaya....correction me sunny leone aur trending me surry deol...haa...ahh.....
New Post Done.
Cool : Aise kitne avsar mile hein , aaj takk life mein, pehle ye batao ?? :-Ppppp
@shrirammain to anesthesia ke alawa kuch nai kar sakta...aur vo bhi apne aap to nai....varna baji fitus...
om namo tisco namaha...