respected llango sirthanks for your valueable input
GM Master & JN Family,OTM CEs have been adding consistent @ 7000 strike ... looks like another range bound day for writers to make merry ...have a gr8 day!
A irregular triangle is getting completed in 30 minPattern invalid below 92
When Snake is alive, Snake eats Ants.When Snake is dead, Ants eat Snake." So,Time can turn at any time, Don't devalue anyone in life.YOU may be powerful But time is more powerful than you."One tree makes one hunDreD ThousanD match sticks, buTOne match stick can burn one hunDreD Trees".MORAL-1: OnE neGaTive ThoughT can Burn aLL PosiTive ThoughTsMORAL-2: Be nice to everyone, time can change things anytime.
A SMALL Bullish WW may be developingmay have formed pt3 near 6699 ns levelsmay form pt4 near 6711pt5 near 6695-90 range near 11.30amtrgts 6728-32 range near 2.30pm
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6749, S1-6724, R1-6772, VWAP-6737Resistance gaining strength around 7000 Level, though the index has gone in Coma, will get a leash of Life from next week only, till then Sell the resistance and Buy the Supports…Thanks & Regards
A triangle is rangebound wave. A flat which expands or contracts.CorollaryA tight rangebound move is more likely a triangle
nice. nice punch Sujata maM
PT5 may have formed near 6687 now(11.30am)trgts 6715-6728
BN showing strengthBN near days high while nifty is near days low
A larger +WW may be forming with pt 5 due, near 6630-40 NS , on hr TAThen 1-3-5 Long trigger will be Hr close > 6645-50 NS & 1-4 tgts will be 6850-6900 NS !
@PrabhanshuCould you please label the downmove of IDFC from 139 level onwards when you get time.Thanks
Observation :On a daily t/f (referring JN TA File) with contracting ranges (Afther the sharp fall on last friday from 6870), from 6780 high , a triangle is forming with apex at 6700 ? Any breakdown to target its height from 6780 - 6680 = 100 pts => to correspond with Pull back indicated by Master ?
A BEARISH WW may be developing in BN charts12995127731301212878pt5 may form near 13060 +/-20trgts 12780
Raman, I tried but was not confident, so thought to wait and let picture be more clear. .
a small bearish WW developing within that larger bearish WWpt3 may have formed near 13017pt4 near 13070-50 rangept5 near 13060(near eod or tomorrow opening)trgts 12950 again
dear ilango sir.holding 6680 start of B of c...?and below 6673 start of C...?doun
New Post Done.
@Prabhanshu,I have also tried but couldn't get a clear picture. Does the following count make any sense to youC.(i) as 139 to 122.05C.(ii) 122.05 to 126.90 (in 3 sub-waves)C.(iii) 126.90 to 108.2 (done today)C.(iv) 108.2 t0 xxx in progressC.(iv) may break the downtrending channel briefly and then the C.(v) may start for 100-103 levels.
channel support near 6684ns levelsmay bounce from herenegated below 6679nstrgts 6715-32-48