@ raghava,Infy is quite oversold; if it can hold 2975-3000 zone, a bounce is likely. How the prices close today & tomorrow would hold some signals for you.
Reposting:Chetna, fall from 485 till 428 is in 3 waves. The last fall is from 475.40 seems to be in 5 waves, so retrace need to be calculated from 475.40. If it's 80% breached by price then we need to find retrace from 485.Also, there is hammer and - ww in 5 mins chart. -ww triggered below 455.25 aprx
@Prabhanshu,, if the whole fall was a fragment of ABC ocrrective in Tisco,,it can do anything..lets watch
ITC looks good here support @ 340
Thank you Master for Reply.
@NI3,, Now your retracements should come handy in tisco..it approaching the levels
@ Chetna,,, ok
450 seems to be the right stoploss now
nifty near golden ratio and dhema
sir,when i click on Stocks TA on your Stock Wealth blog I am not able to download that file. how to do it sir?
Thanks Chetna for your views on SAIL
@ krsnatrade r ,Send me a test mail to become a "JustNifty" group member to view the files. I haven't updated the stock files this week but "Nifty" and BankNifty files are updated..
Master, Nifty taking too much time to cross 7352 so one can assume this as corrective rise & so one should play Sell on rise theory?
@master5min chart, 5done from day's low?or considering the 3rd in hrly chart it can subdivide?thanks.
@ prakashbkc,Because it has taken so much time, the 5 wave down label gets negated and the 3 wave/ abc gets confirmed.Now, the question is whether this abc is the sub-wave of "A" and the current rise is "B"..?If so, being a flat, it can retrace any %...Hence, we only know the ST direction presently and not out of woods comfortably.
Nifty spot has bounced off the Upper TL of the MT wave channel from 5119-6415-5933 up..Time for Lunch, Bon Appetit !
dear ilango sir infy weekly 5th wave is done...?
7245 7236 ... is 38%-50% retrace of the last rise from …… 7194 to 7277 80% is - 7211 If strength to return again, it should be around 7245 7236 Weakness gets confirmed Below 7236 OR 7211
thanx Master for reply It means if current rise is B then it can go max 75% of A= 7438
@ prakashbkc,"B" wave can even go 138.2%...Only way to manage is to find "weak below and strong above" levels to capture some points in this treacherous wave. Most traders loose in this wave.
@ anmpatel,You're a bit early. 5 done from 7194 to 7277.
sir, My rqust for JN Grroup Member is already accepted by you
Prabhanshu, So in TISCO we can go long with 450 as SL for a target of 485 right?
@ anmpatel,It seems, I'm also a bit early to count a "5" from the lows..This time the vth is unfolding from 7256.75 or 7257.55...
7254 7243 ... is 38%-50% retrace of the last rise from …… 7194 to 7291 80% is - 7213 If strength to return again, it should be around 7254 7243 Weakness gets confirmed Below 7243 OR 7213
--> backBell curve maths , suggests 1 Std.Dev RES zone for NS comes @ 7310-7350 , with mean @ 7330
@NI3..hopefully i cautioned you at right levels in tisco and u acted..you can re eneter here with small 2 point stoploss intra
Strength only above 7280-85.
New Post Done.