Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
20 comments:
@ Chetna - Your views on RCom and Tisco pls!
GM Master & JN Family,
Have a gr8 trading day !
Good morning Ilango Sir and all the blog mates!
@Shriram Sir,
-WW in 2 min NS chart?
Goodmorning master and all friends,
Your "b" label seems perfect.This doesn't seems to be an impulse.Only short covering yesterday.
@Bharat,, RCOM is at golden ratio of the previous fall from 157.25 to 141.6. it has already crossed..EW wise,,it may the the most bullish of all waves since 106.5 rally....
TISCO..has a resistance close to 545-555..thats should eb the target with retracement stoploss , if you are long from lows of 515-20...i mentioned the trade day before
@ Chetna - Thanks! :-)
Current upmove started from 6489;
1st move ended at 7553, followed by a correction to 7509
3rd wave is unfolding in 5 sub-waves, the (v)th sub-wave unfolding presently after which there would be a consolidation during which 7615 may act as a support preferably.
After the correction, the 5th wave would unfold.
Market can choose to make a diff. path; hence, follow the last rise retrace.
3rd wave being the largest, the retrace would be of 38%-50%.
@Master,
Has Nifty retraced 80% of the fall from 7700 to 7488 when it surpassed 7658, or do we wait for further confirmation?
Aaj kuch toofani honi hai.
May I correct the above master...
The current move started from 7489.1st move ended at 7553, followed by a correction to 7509
3rd wave is unfolding in 5 sub-waves, the (v)th sub-wave unfolding presently after which there would be a consolidation during which 7615 may act as a support preferably.
After the correction, the 5th wave would unfold.
Market can choose to make a diff. path; hence, follow the last rise retrace.
3rd wave being the largest, the retrace would be of 38%-50%.
June 18, 2014 at 10:45 AM
Good Mrng Master and Friends...
Happy Day Guys
dear sir
Current upmove started from 6489; (7589)
@ herry,
Manish has corrected it - it is 7489.
38% to 50% retrace of 7509 to 7663 comes at 7604 to 7586
@Toofani tho hona hi hai......
Guru ko jo Makar rashi mein pravesh hona hai kal pratahkaal mein......The greatest astro event of this year......Guru tho Guru hai......accha hi karega....acche din jo aaye hain....:):)
Both Puts and Calls liquidating @ 7600 strike with the current fall.
http://www.niftytrader.in/nifty-option-oi-trend-intra/
What does it mean?
62% & 80% of last fall from 7663 to 7631 is 7651-7657
@Master,
Anticipating reply to my question please.
Thanks
Namaste Ilango sir and all,
Bull flag in 5min Tatamotors Fut. Breakout above 442.5 (futures).
Tatamotors spot 10DMA @ 440.2 and spot 5 DMA @441. Fast rise possibility bewteen 5DMA and 10 DMA.
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