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...
32 comments:
BN is playing Tiki-Taaka .. a Lionel "Messi" chart :-P
Day Low : 7589.05 Day High : 7700.05 Range : 111 Points Day Pivot : 7640 Hr. Pivot : 7617
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 @ 7615 in Hr. T/F.
Strength returns only 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
@shriram
ha..ha..ha...
BN bhi kamaal chij hai...kal wo nifty ko upar nai jaane deti thi aur aaj nifty ko niche nai jaane deti...
Thanks Sir!
Retraced exactly from 61.8% @ 7625.
Now waiting for a move towards 21 Hr Sma @ 7638
NS trying 2 go above Cluster Support 1 @ 7612-7622 for Today's aggressive trades.
Failure 2 break the above Suppport turned Resistance may drag NS to Support 2 @ 7565.
Weakness deepens once below D Ema @ 7584.
For now keep watching 7612-7622 level & Hr. Pivot @ 7617.
prev. swing 7216-7700 has done 8,1/2 sessions... if suspect retrace,
min.Time of fall = 0.382xRise Time = 3 days from today ?
sir 1 question which level will confirm that 5 wave or B wave completed n we r in corrective ABC wave
@ J.R.Julius
This mid point idea is a new one for me.
If it has worked for u then it must be worth considering.
Thanks for your inputs.
@ Sir , Are the retracements around 80 % now a days ?
Day trend trying 2 ascertain ?
Above 7627 NS will b back in BAH mode in Day T/F.
Short s covering again
7600PE writing aggressive during last fall.
http://www.niftytrader.in/nifty-option-oi-trend-intra/
Expect a close above DHEMA
Huge addiotion in 76kpe and liquidation seen in 75 and 76k ce. Huge addition in 77k+ce
Need to see how nifty moves now
Now above 21hrsma... seems today's low done. . 7579 saved. .
Can we expect another high? ??
3.00PM TT & Chart Updated.
On the 30mins chart a HnS is formin... NL brk.down is 30mins close < 7600
Pot. Tgts : T1 : 7560 , T2: 7500 NS
Worth tracking tomo ... Have a nice day all !
Sir, can we say iv over at 7589?
Shri, not getting clear shoulder values? Please suggest
Sir, another ques. In 1st chart, 21hrsma is turning up after going below 34hrsma? If 21 crosses 34 in upside, then is it valid scenario for fast rise set up?
@ Prabhanshu Raman,
21 should be trending up: Yes
34 should be trending up: yes
21 should turn down: No
21 should turn up again above 34: No
Hence, No fast rise set up.
@Prabhanshu,, if negative crossover happened with price,, it cant be fast rise....emas should not cross with price going down and then rise above the "kissing: averages....that makes it fast rise
Thanks Sir and Chetna.
Another quest. Based on today's day candle, whether hanging man pattern confirmed?
closing avg running at 7627, lets see whether closes above hema.
Shriram, I was just noticing that, it seems the H&S , bear flags are all seem to be trap, like how it happened with BN., hopefully this time it works, carrying short after long
now this looks like final down leg of "c"......from 7645.
HEMA 7626.84, close 7626.85,
Nifty spot Closed @DHEMA
SIR ANY ONE CAN EXPLAIN.. NIFTY SPOT CLOSED @ 7602 AND NOW SHOWING 7626???
@ Ganesh - That's Magic you know... :-D
ganesh,
NS closing price is based on last 30 mts average traded price. The adjusted price is given by exchange based on the average price.
An easy way to know what will be the adjusted closing price,
plot 30 period simple average of nifty in your trading software
in period choose 1 minute
the 30 period line will show the expected close
in settlement days, this tactic does not work , the NF last traded price is reliable on expiry day
hope this helps
Dear Friends,
I am a newbie in trading. My name is Ganesh. I started reading Elango Master's writings from Apr 14. It's a great service done by Elango Sir and all the members in educating with valuable knowledge.
Could someone explain the strategy that should have been followed and deduced at 1100 and upto 1400 hrs as per Elango Master's chart.
I am bit confused on the trend indicator four principles. Please explains in simple terms so that all the members could have clear understanding.
With thanks Ganesh
Is there any relation or similarity between the Intraday Nifty Updates and Intraday Stock Tips or they are totally different.
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