Sir , Quite day till now , so couple of questions ....How do you see the fall from 7504 , is the form visible of abc or 123.. or it is early to say that .Is there any guideline that C will always take 5 wave ? Some time 5 is not evident .When we take trade at 61.8 with stop loss at 80 , what we do when stop loss is hit , do we reverse the trade or wait for another opportunity .
Day Low : 7317.35 Day High : 7344.75 Range : 27 Points Day Pivot : 7322 Hr. Pivot : 7330NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7320.NS near Day Pivot @ 7322.NS continuing in SOR mode. Mode changes 2 BAH once NS closes above Hr. HEma @ 7338.Strength returns only above Hr. Pivot @ 7330.SOR = Sell On RisesBAH = Buy And HoldHepta Kilo Number = 7000
@Master,What is the two lines size in Nifty Hour chart?
@ Num Char ,Corrections can take any form; the conventional 3-3-5 can take a back seat now & then.It is correction and no one could call it correctly. Only guess work but an educated one to have some relevance to trade inputs.When stops are hit in a trade set up that was initiated "at 50%-61.8% with SL @ 80%", you reverse the trade if you are expecting the end of a correction & resumption of an uptrend.But in a newly started "pause/ sideways market", the 80% SL breach is possible because of a Flat correction or even a triangular pattern. In such a situation, you re-initiate the trade. Or you may wait for more clarity, if inexperienced in dealing with corrective markets of various kinds.
@ krish pm,It is roughly 50 points.
dear sir month trande is up mkt show corrective red a,b i,ii...?
@Master,Is it sma 7 and 21 (or) 7 and 34
@Master,I am asking about two Avg Lines Size?
GM sir nd friends :)OK.. let the grinder stop and move up nifty - today is" new moon day" dont give up one round of upmove pending frm ur sidehv a good day to all
Thanks Sir !
Good Morning Ilango Sir and Friends.NS -ww on 15 min t/f, point 5 at 7344.75, minmum target may be 7224.
sujata jee please give level where we short nifty with sl
Zala: can you give point 1,2,3 and 4 as well. I could not locate -ww in 15 mins.Btw 7344 can be point 4 of big +ww and expecting point 5 near 7244
Rcom may bo above today's day high being ihns pattern in 5 mins... but be careful
Tisco as well forming +ww. Point 4 done at days high and expecting dip till 455 to form point 5. Let's c how it goes
@PrabhanshuCould you give some views with regards to the time it might take to form point 5
11.00AM TT & Charts updated.
a small contracting triangle developing in 3 day chartsmay face res now near 7334-39 range (upper T/L of cont triangleprobably may once dip below 7300 to form busted pt5 of cont triangle and then may move up towards 7400
Bear flag's highs & lows have been increasing.Now weakness/ breakdown below "7297"
Prabhanshu,point-1- 7372.95 2 -7274.75 3-7332.55 4-7284.55 5-7344.55, but invalidate above p-5.
HDFCBANK up after crossing JNSAR
@Ilango Sir,What are the targets and timeframe of this bear flag?
Zala, for -ww, point 5 > 3 > 1, which is not valid in your counts of ww
symmetry of pattern indicating lows may be formed near 12.00noon +/-15min..........ns near 7315 .........
Raman, no idea in terms of terms. Yet to learn this art.
Typo.. in terms of time
GM Master & JN Family,Major tussle goin on @ 7300 strike... 7500 CE June as apprehended has melted 20% already .have a gr8 trading day !
@ pradeep sangatramani ,It has already consumed the "normal" time & form. Owing to the settlement day(29th), it could drag itself to the benefit of "writers"..!!
Sir, for this bear flag you considering pole top at 7483? Or 7372.If 7372, then bear flag may be invalidated as it retraced more than 61.8% (7335).
@ pradeep sangatramani ,While we look for a bear flag, a bullish "Leading diagonal" too takes similar form; hence, we must keep track of critical highs & lows for directional moves.On the upside above 6357On the downside below 6297, presently.
@ Prabhanshu, Thanks for kind guidance, for -ww 5>3>1( means upper trendline slope ascending) and for +ww vice a versa.Is it true ?
Sir, Thanks for clarification!
Zala, yup. Line joining 135 and 24 should be ascending and must meet for -ww and vice versa for +ww. For more info, read book on ww which was shared by Shri in JN group
sir any viwe for idea stock..? thanks sir ans
Any good android mobile app to monitor nifty future rates with less time delay..pls suggest..
@ Hemanth : go thru thishttp://nseindia.com/invest/content/mobile_app.htm
@ Prabhanshu, Thanks, I am watching for ww, but sometime fail and sometime succeed due to lack of this basic concept. Thanks for this eye opening guidance.
Anyone plz update how is OI aligned? Making 7300 as base intra ? or making 7300 as resistance ?I see some short covering at 7300 PE. Anandha
Pattern watchers : a -HnS with Right Shoulder developing on 30mins NS .. to form by tomo ? NL is @ 7290 , Brkdown tgts : T1: 7235, T2: 7060 ?
Thanks shriram..let me check:-)
Almost 7 lac OI added in 7300 ce since morning
New Post Done.