Thursday, May 15, 2014

The Credit belongs to you...and you alone.

To the Silent Gambler...who is daring greatly...
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again,
because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause;
who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly,
so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
-Theodore Roosevelt.
From 6639 to 7172 has unfolded into a 5 sub-waves gaining 533 pts, followed by a "pause/ consolidation".
If prices hold above 7020-47 zone, the gap area and pivots or 21 hr sma " 7068-782, next set of 5 sub-waves would start to unfold whose sub-waves will be difficult to spot.
Hence, the low of today as well as the two-day-low of 7067 would be considered critical, taking into account the nature & characteristics of (iii)rd of 3rd wave.

25 comments:

A J said...

Arise Awake Act

https://www.youtube.com/watch?v=I8_l9NikD5Q

Manish said...

Goodmorning master and all friends,

Have a wonderful Day !!

Rasendra Zala said...

Good Mornig to Ilango Sir and Friends.

marina s rao said...

GM Master & Blogmates.

Wish all Peace & Profit.

Prabhanshu Raman said...

GM Sir and friends:
Chart Analysis of TECH-M, RCOM and Tata Steel: Click Here

Nilesh Patil said...

Good Morning master & Friends

DNSHUKLA said...

Good Mng Sir and Friends.

Prakash said...

gudmoring master and all frnds

Bharat Kumar said...

@ Chetna - RCOM buy above 130?

amber said...

Guru ji charan vandan and everyone good morning

anand said...

Sir
Your mini Road map workign :
The mini road map
1. Up B Done till 7142 by 10 AM ? - 14 May 2014
2. Then down to compelte 1 part of correct seems done at 7096 or stil to come (by 11 AM) - by 1215-> more down till 7080 ! Done ! (14-May-2014)
3. Up corrective : Now at open of 15-May from 7111 till 7152…to cross 7155 for correction to complete :
4. Another Down corrective :
5. Sharp upmove : Friday

Certainly Hats off to such absolute correct map ... that of correctives.
Will try to understand (1 day I hope) how this could be read in advance...

Thanks !!

gkm223 said...

3rd=5933+1296=7229(if 6415 top)
or
5933+1238=7171(if 6357 is 1st wave top)
current hieght 937*61.8%=579 and 6639+579=7218
so also resistance of sanjay jaiswal ji also there.

anmpatel said...

Good morning master and friends...

Nifty broke NR4 day(yesterday) range(7142.25-7080.9) on upside...now waiting for to past 80% 5153 firmly....

m.veerasamy Maruthai said...

Good Morning Sir and Blog mates

veerasamy

Ilango said...

If 7153(80%) not breached, a=c @ 7059.

gkm223 said...

either a top is in place or it will be near 7230, but i am not expert in ew.

shriram said...

GM Master & JN family,

Have a gr8 day !

Guru Krishnan said...

Very Good Morning Master and friends!! have a great day ahead!!

vishnu said...

Respected Sir
Pranam

cooldent said...

Sir,

Last retrace from 7081?

Sonu said...

Good Morning Master and all!
JPASSOCIAT & TISCO showing breakout volumes. Any one has views?
http://www.niftytrader.in/nse-stocks-volume/

Guru Krishnan said...

NOTE TO ALL OPTION TRADERS------VIX is again inching up almost 5% now... careful with your long calls/puts, VIX futures is suggesting a drop either tom/Monday or on Tuesday morning.. Even if NF makes new high, calls wont!!

Bharat Kumar said...

@ Shriram - Your views on tata steel pls!

vksoni said...

Sir,
Is it ld from 7081 to 7152? In 5 min chart

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