Friday, June 27, 2014

Nifty Intraday Update-III


36 comments:

shree said...

Master,
you are reffering 50/61 % trade setup since last few days in your pre market view....based on that this trade is not a valid one????

STOCK4SURE said...

a small bullish WW may develop in nifty charts

may form pt5 near/below 7390 till tuesday next week

trgts 7750-7800 in next 8 sessions

this pattern will benegated if ns moves up abv 7550 be4 testing 7390

Ilango said...

@ shree,

It seems you want to prove me wrong with my methods.

And don't call me "master" as it sounds from your interactions, you're already a master of trades.

Don't waste my time anymore with your queries.

shriram said...

Damn.. just waiting eagerly for 1 LL , will be the ideal Slingshot entry .

Playin a reversal is much more fun & better R:R that playin a Brkout trade :-)

shree said...

what happened master?
If you reffering it strongly then you must be confidant than me...cause I am in trade so would be biased..thats why asked....you are scared for gettiing proved wrong after answering in complete black and white ???? don't worry...your opinion is important for traders like me in such a situation where market seems SELL ON RISE in weekly too....it will help all of us....

Sonu said...

@Ilango Sir,

Today NS just did 80% twice and reversed. It proved that 80% acts as a good resistance but perhaps it is better to keep SL a few points above 80% mark.

shriram said...

Master,

7442-7593 NS, is this wave a 3 or a 5 ??

A lot many labels / Patterns, r hinged on this rise.. Pls guide

Sunil Garg said...

Mr.shree ,

Just focus on JNSAR to make some money either you will lose your pants too in this market. This retracement theory looks gud when applied on 1 time frame but here he starts from weekly then come to 1 minute gradually which is totally useless. I am sure if you will trade on JNSAR basis then you will earn something for you n donate too.

intraday trader said...

master ur 50% fiboncci rocks dnt worry abt criticizers

Ramesh said...

Why some people do not understand that Market is all about probability ,Pre_market view is just a guidelines, you cannot blame anyone for your losses, this is a financial jungle where each one trying to outsmart others, (Bull ,Bear and Pig) , while bull and bear make money , Pigs are the looser

Ashish Agarwal said...
This comment has been removed by the author.
shree said...

Master,
you are answering and keeping on blog only those queries ..which suits you...which you think will damage you you are removing....you are biased person??????

Prabhanshu Raman said...

7497 can provide support? ?

Ilango said...

@ Ashish Agarwal ,

I'm quite naive; answering to each and every query.

And the bystanders who standby read all & sundry and get confused. They choose to get confused. Comments answered for a specific person is meant for him/ her.

EW labels within such a narrow channel since the high of 7593 is to be left alone.

You are experienced enough to know the validity or invalidation points of your label.

We'll interact better once these garbage disappear and range expand.

shriram said...

@ Shree: How does it matter to u ? Focus on ur trades.

Ur wasting time trying to win Brownie points, Display ur skills elsewhere pls. Start a blog

herry said...

dear sir now 2nd is unfolding... count is delete...?

Ilango said...

I do not think these garbage will disappear; I just have to sweep them aside, no matter how many times I have to do it.

DR.SGM said...

Dear sir a Harami in making,your view pls,thank you.

Ilango said...

@ shriram and all,

Please do not interact with "waste"; I've been sweeping them aside.

We have displayed today with a meticulous follow up on "Retracement strategy" generating maximum gains.

Ashish Agarwal said...
This comment has been removed by the author.
DR.SGM said...

Sir,it s not perfect to take it as a harami,i withdraw my view.

satheesh said...

Namaste Sir,

shree said...
Master,
I am long as per 50/61% entry rule with 80% SL....long @ 7518 yesterday..and 80% 7472 not breached......can I hold or exit before getting SL @ 80% ....(7472)
guide me please......
June 27, 2014 at 1:30 PM

Mr. Shree you have declared that you have taken a trade based on a specific strategy. It is upto you to decide if you will continue the trade or square it off before SL triggers or target gets hit.

Sir is giving levels of strengths and weakness both for intraday and positional. Learn to distinguish them. If you are not clear why you took the trade - and not ready to take responsibility for the action you have taken - WHY SHOULD SIR take responsibility for your action ?? Just becoz he is teaching???

Sir please excuse me if I have crossed my limits.

Ilango said...

@ DR.SGM ,

You're correct; it is developing as a harami pattern. Follow up will be needed.

Ilango said...

@ DR.SGM ,

The second small body of the candle should be white; but today's candle, so far, is black. And it is still developing.

Ilango said...

Investopedia explains 'Harami Cross'

A Harami cross can be either bullish or bearish, depending on the previous trend. The appearance of a Harami Cross, rather than a smaller body, increases the likelihood that the trend will reverse.

ravi said...

sir what is the next suppt for icici bank

Ilango said...

To have a "harami Cross", prices should close around "7514".

Ilango said...

@ ravi,

My job is done by stating the trend; you need to work further as I have limited time & resources.

Prabhanshu Raman said...

So this is bullish harami?

ravi said...

ok sir .thanks

Prabhanshu Raman said...

For harami pattern, candle colour matters?

Ilango said...

Definition of 'Bullish Harami'

A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

deepak pinto said...

Shorts covered
93 intact

shriram said...

Candles r imp. no doubt, but pl also pay attention to the Intra Market profile (where the Vols came in) when the candle was formed

Have a gr8 day all !

wish wishal said...

hello sir

plz send me excel file

wishal276@gmail.com

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