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...
41 comments:
Couldnt manage above 7691. Expecting fall to 7590-80 aprx ie dema-20 (30)
Bulls taking a step back @ 7600 strike
http://www.niftytrader.in/nifty-option-oi-trend-intra/
Day Low : 7615.20 Day High : 7700.05 Range : 85 Points Day Pivot : 7640 Hr. Pivot : 7660
NS well above HKPC ( Hepta Kilo Penta Cent).
NS momentarily hits HKHC (Hepta Kilo Hepta Cent).
Currently hovering around @ 7630.
NS below Day Pivot @ 7640 showing signs of weakness.
NS in SAH mode in Hr. T/F & in BAH mode Day T/F.
NS wii b in BOD mode once above Hr. Lema @ 7634 in Hr. T/F.
Strength returns above day Pivot @ 7640.
BAH = Buy And Hold BOD = Buy On Dips.
SAH = Sell And Hold
Hepta Kilo Penta Cent = 7500
Hepta Kilo Hepta Cent = 7700
7545-68 may be the 1st tgt of fall.. next is 7458 NS
NS below Day Pivot @ 7640.
NS hovering around 7620.
NS changing to SOR mode below D Hema @ 7624 in Day T/F.
For now keep watching 7624 level.
@Prabhanshu,,, Rcom gave agood short below 154.15..the tripple bottom thing i mentioned..Thank God i squared off yesterday and today highs....loving it...
LTFH is ruining the party right now..nothing else
@Ilango Sir,
A simple ABC seems done at 7615?
Good Morning Sir & Blog-Mates,
Have a Happy & Prosperous Day. ♥
Hovering around L3 & Fib.Retrace Table 0.618
Strength returns above day Pivot @ 7640.
Strength returns above Hr. JNSAR @ 7642.
last fall from 7680 was supported by 34 ema in 30 minutes and this fall if C, has done its minimum and has been supported by 34 ema in 30 minute chart at 7618/15
NS above Hr. LEma @ 7634.
Strength returns above day Pivot @ 7640.
Also above Hr. JNSAR @ 7642.
More strength above Hr. Ema @ 7656.
Also above Hr. Pivot @ 7660.
For now keep watching 7634 level.
Here it is +ww in tisco 15 mins. It is formed and will trigger at 551.50 with 2 15 mins close above it tgting 561 and then 577. Negation - after trigger 2 15 mins close below 1-3-5 line
LTFH has not broken the opening low it made . this also coincides with some fibonacci retracements and with break out of INHS.....if it is a retest of breakout and remains successful..we are in for a wonderful rally towards 100+ levels
NS above Hr. JNSAR @ 7642.
Strength returning above day Pivot @ 7640.
More strength above Hr. Ema @ 7656.
Also above Hr. Pivot @ 7660.
For now keep watching 7640 level.
DHEMA+20?
dear ilango sir now TT update price are 7603 brek 3rd is done....? B is done..?
NS staying below D HEma @ 7627 indicating weakness.
@Shriram SIr,
ABC seems done at 7615? OI also suggest bullishness and support at 7600
Day Low : 7615.20 Day High : 7700.05 Range : 85 Points Day Pivot : 7640 Hr. Pivot : 7635
NS well above HKPC ( Hepta Kilo Penta Cent).
NS momentarily hits HKHC (Hepta Kilo Hepta Cent).
Currently hovering around @ 7620.
NS below Day Pivot @ 7640 showing signs of weakness.
NS in SAH mode in Hr. T/F & in SOR mode Day T/F.
NS wii b in BOD mode once above Hr. Lema @ 7628 in Hr. T/F.
Strength returns above day Pivot @ 7640.
BAH = Buy And Hold BOD = Buy On Dips.
SAH = Sell And Hold
Hepta Kilo Penta Cent = 7500
Hepta Kilo Hepta Cent = 7700
New Day Low @ 7613.25.
For now keep watching 7628-7635 level.
7604 is HA support.....1 chance to banata hai yaaro.....
Cámáríllá Key Levels - Nifty Spot
Morning wonderful chance H3 SELL
NOW
L3@7628 ↑
L4@7599 ↓
@ Ilango - Any chance of the 4th wave being present NOW? I mean breaking the channel and coming back again @ 7500?
Also, likely supports for BN pls sir!
New Day Low @ 7591.85.
NS in SOR Mode in Day T/F.
More weakness below D Ema @ 7592
For now keep watching 7627 level.
@ J.R.Julius
Thanks for the Cámáríllá levels.
Do you generally take the trade once it hits the levels OR
Wait for a closing above/below of any timeframe ?
http://www.brameshtechanalysis.com/wp-content/uploads/2014/06/Nifty-Hourly-EW6.png
@Stockathon,
If the levels come at/after ORB immediate action, otherwise consider 2/5min candle PIN Sup/Res or Penetration. Also using TL in lower t/f for scalping. 20-22pts SL/ sometimes DH/DL based. 1:1 part booking remaining tsl@breakeven then trail if along with the trend else exit as 1:1
Apart from Camarilla positions based on SAR, re-entry based on Saints Flow trading.
bear wnt 7579 low to break then 7490 gap
Day Low @ 7591.85. Day High : 7700.05 Range : 108 Points
NS in SOR Mode in Day T/F & SAH in Hr. T/F.
Weakness depens below D Ema @ 7592
For now keep watching 7592-7603 level.
@ J.R.Julius
This will help a lot.
Will remember these steps.
Thanks!
Ilango sir 50% n 80% fiboo rule awesome (y)
Sir,
Nifty at Pre-market support levels of 7593.
Any upside possible from here ?
7611 7618 ... is 38%-50% retrace of the last fall from …… 7647 to 7589
80% is - 7635
If weakness is to return, it should be around 7611 7618
Strength gets confirmed above 7618 OR 7635
Day Low @ 7589.05. Day High : 7700.05 Range : 111 Points
NS in SOR Mode in Day T/F & SAH in Hr. T/F.
Weakness depens below D Ema @ 7592
For now keep watching 7592-7603 level.
@Stockathon,
Also
Another idea to take trades immediately without thinking.
If price go above/below mid point. in today's case
H4@7714 - H3@7685
Mid Point@7699.5
Then i consider Both numbers are active to trade. [if the range is too small ignore this idea]
There is no assurance for the win. But its easy to use for me many times.
Winning really coming from Partbooking & TSL. Without TSL or 1:2 or above Risk : reward
we can expect a sureshot failure in intraday.
7585IS 55ema in 30min charts
lows so far is 7589
may expect a bounce towards 7640-60
Sir,
Thanks for the Ratios & Low Risk-High Probability Trade Plan.
@ Stockathon,
If "7561" or 34 Hr sma-7574 is held, minor strength;
More strength above 21 Hr sma only..
7580-85 is also support of T/L joining lows of 7217 and 7360
NS trying 2 go above Cluster Support 1 @ 7612-7622 for aggressive trades.
Failure 2 break the above Suppport turned Resistance may drag NS to Support 2 @ 7565.
For now keep watching 7612-7622 level.
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