shriram said...Remain a SAINT in the TRADE ROOM & lets do some number-crunchin :-1. Days' candle is formin a Reverse Shake-out / Inv. Hammer or may be a Gravestone Doji .. will know near EOD2. CMP is < Dev.DHiEMA , 3. Bulls are tryin to conquer 7100 strike, Bears r firmly in control of 7200 @ the moment OI wise4. Nature of Fall , still appears a ZZ to simple yes..Summary : EOD close < 7231 (DhIEMA) wud suggest MODE CHANGE to larger ABC down as a possible retrace to 5933-7564EOD close > 7231 & Bulls may still pull along, a bit more, next week ?May 16, 2014 at 2:10 PM
I dont why but still I am seeing bear flag in 5 mins :-(
@Shri...:):)C ya in 2020.....):)
Chetna JI/ Sriram Ji: When do we see the breakout pattern in TataSteel failing
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@ SB : Mr. India if vision 2020 comes true :-DDDddd@ Cool : diabetes ho jayega !
@ Leon : TISCO has formed some sort of a ST top... the larger i-HnS is invalid < 430 spot EOD
Nifty's rise from 7131 looks like a abc
@Leon weekend close required above 445 for me....
Thanks Sriram Ji
and then u can look to add it on each fall...bad news are entry points for such patterns
Day Low : 7130.65 Day High : 7563.50 Range : 434 Points Day Pivot : 7119 Hour Pivot : 7223NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7240.WeakNess continues below Hr. EMA @ 7285.NS started the hour in SAH mode.Above Hr. LEma @ 7233 enters BOD mode.BOD = Buy On Dips SAH = Sell And HoldHKN = Hepta Kilo Number = 7000
Retraced 50% of last fall from 7414 to 6131.Move past 7352 would confirm the fall as an "abc" correction for a sizeable bounce or reversal...Staying below "7306" would drag it further down to make it a 5-wave fall.."Critically poised".
Master,How bout this fall as a 5wave "a" & then a "b" & "c" dance till next wk / expiry ??
Thank you Chetna Ji. How did you arrive at 445
Ilangovan Ji, Let me take the opportunity to thank you once again. I am blessed to be a member of this group. Though a beginner, armed by the inputs for this blog, I did part-book and pocket some profit (should say my decent first profit from stocks) today. Thanks for sharing all your inputs and efforts in helping many others like me to be successful through this blog. In addition, I am motivated by your passion, commitment and discipline with which you manage this blog. You did prove that "An investment in knowledge always pays the best interest." I still have a long way to catchup here. But, I should also admit that 'marina s rao's mode inputs did help me in getting started. Thank you.
@mastercan we use "7266" as JNSAR today?
@ shriram,When market did not show enthusiasm after a lead of "318", this morning, it alerted us to no upper freeze.Trailing is the only way one could have handled."Powertrade" sensed the event inviting profit booking.Commensurate with the near "1000" point(925) rally from 6639, the fall also has been sharp and big.The break out at 6358 is a fact. Hence, we must get used to larger corrections from now on as "stock/ sector" specific actions will start.Your "abc" correction would suit the settlement and "B" of the correction is a bext wave to take in the "surprises" during govt./ ministry formations.
Matru devo bhav............http://youtu.be/MwkNopB1ibI
Tks master, look fwd to a writing paradise then !Time to scoot, have a nice day everybody, & welcome the Lotus :-)
@ Chandra.A,'marina s rao' has applied the numbers in real time and shown the way. Three cheers to him.
@leon--look at the weekly chart in tisco--you will arrive at same approx number
sir any hope to a good up moovements in mondy or todya
BSP,DMK,JDU wiped off from LS this timejaisi karni waisi bharni
@S4S...India is entering a new era....No ullu banaoing....No ullu banaoing....:):)
I am really happy that India voted in Unison to get one party into power!!!
Chetna Ji - I am not able to arrive at the same number. Will study over the weekend. Thanks for your guidance, I do not think your number would be protected this weekend.
What is the EOD number to look for to decide if longs are to be persisted in NS and BN?
@ SOBISH184,Once the corrective fall gets arrested around 5DEma-5DLEma, a counter rally would unfold.Markets could gap up too if global cues help. A lot would depend on the "drama" that follows the election results.A close below "7231" would become a "Trading mode" till prices are able to close above DHEma.In trading mode, take trades "intra".
@leon--i dont think so too.
@CJ ...the next step should be 100% compulsory voting....this will give whichever govt voted in power to take bold initiatives....Sahi mein...acche din aanewaale hain...:):)
@mastermy position is a/c to "7266" but against JNSAR thant why was asking....pl rply.thanks.
Sir,Dow also looks like into a bigger correction "4th wave" that will trigger once it falls another 100 points (As shown in Tony's charts).
Day Low : 7130.65 Day High : 7563.50 Range : 434 Points Day Pivot : 7119 Hour Pivot : 7223NS well above HKN ( Hepta Kilo Number ). Currently hovering around @ 7200.WeakNess continues below Hr. EMA @ 7263.NS currently in SAH mode.Above Hr. LEma @ 7214 enters BOD mode. BOD = Buy On DipsSAH = Sell And Hold
Now I believe in democracy A humble background is no way hurdle to dream big I am inspired!
Master,I became a blessed 1 on an eventful day.Ur 3 Cheers r 3 Crores for me to b cherished life long.@ Chandra AThanX for Ur generosity of acknowledging my little contributions.May the Almighty bless all with peace and prosperity.
@Crorepathi....He was a full time RSS pracharak (trained through 3 phases of intense training) and later was deputed to the BJP.. Absolute credentials....The basic plan of the RSS is to train people who wish to devote their life to nation building and then depute some to remote areas via their other social organizations for social work and some to their political outfit BJP.I was an RSS shakha Mukhya Shikshak once upon a time...:):)
thanx master. u never cease to amaze.
It was a wonderful day with you master.Thanks for being there always.