@ Unknown ,Since the correction in day t/f that preceded this current rise in TCS from 1999.50 or 2056 may be treated as a 5th wave. Till it shows a divergence or a price reversal, shorting it may be kept on hold.In strong trends, prices continue to rise; hence, wait for the emergence of weakness to sell. Until then, ride the trend.
Read as:Since the correction in day t/f that preceded this current rise was of a triangle (Triangle preceding the last wave, the 5th) in TCS, this rise from 1999.50 or 2056 may be treated as a 5th wave. Till it shows a divergence or a price reversal, shorting it may be kept on hold.
@Master,A Bull Flag in NS Daily ChartCan you Confirm It ??Pls
yes breakout happened soon it will reach 7900 this week
a small bullish WW may develop in BN chartsmay form pt5 near 15230 near 3,00pm and trgts abv 15310 first hr tomorrow15274-15329-15252-15296-pr5 near 15230 near 3.00pm
thankyou Sir for ur kind help.altough I m short on TCS already
If holds 7595, approx., a final push towards R3-7623+ is possible.
I m riding the retracement Sir on TCS now
@ Prithvi Raulji,Friday's EOD post shows the "correction v/s oscillator move" as a "Bull flag";Prices are at the break-out point, spending most part of the day at it.A perfect time for "Budget rally", provided prices hold above 7550 presently & higher trailing number as the prices move higher..
MID point is at 7606 (7834-7378).. watch out for hourly closing..
Sir: how do u personally manage 2 catch da sub waves???? is it automated??? or is it plotted manually ????
dear sir hcl tech stock viwe..?
Day Low : 7531.60 Day High : 7610.45 Range : 69 Points Day Pivot : 7510 Hr. Pivot : 7594NS above HKPC ( Hepta Kilo Penta Cent).Currently well above Day Pivot @ 7510.NS hovering around 7600.NS in BAH mode in Hr. T/F & in Day T/F.Weak below Hr. HEma @7591.BAH = Buy And Hold.
A close at or above 7608 will turn the S.MACD (day t/f) up.
Bhaav Bhagwan che :-)For Bears.. there is a -ve WW formin on Hr.. pt 5 will form near 7640 NS,, but the way White Tubelight has formed today.. phew i dunno
sorry, small re-calib. tats 7655-60 NS for suspect pt5
Sir, is it prudent to say correction over at 7581 for the rise from 7494 to 7605. And now another set of 5 wave initiated from 7581??
master just 1 question is nifty 3rd wave started or we r in corrective waves
@ Prabhanshu Raman,7494 to 7604, a 5 wave done;7482 to 7624, a 5 wave done.Depending on tomorrow's price behaviour, it will be known whether from 7581, waves are sub-dividing..
@ Prabhanshu Raman,7482 to 7624, a 5 wave is unfolding.
Thank you Sir. What price may be the confirmation point that this rise is 3rd wave (the same 3rd ehich we all are waiting). Apologies of my ignorance if you already answered this to someone else
Day Low : 7531.60 Day High : 7623.65 Range : 92 Points Day Pivot : 7510 Hr. Pivot : 7608NS above HKPC ( Hepta Kilo Penta Cent).Currently well above Day Pivot @ 7510.NS hovering around 7610.NS in BAH mode in Hr. T/F & in Day T/F.Weak below Hr. HEma @7599.BAH = Buy And Hold.
@ Prabhanshu Raman,There is an alt. view:5933-6819 = 1st6819-6639=2nd6639-7564=3rd7564-7442=4th7442 or 7482=5th unfolding...
Bullish: 7570 7553 ... is 38%-50% retrace of the last rise from …… 7482 to 7624 80% is - 7510 If strength to return again, it should be around 7570 7553 Weakness gets confirmed Below 7553
master,3 barely > 1 ?
PCR is inching upwards now at 0.82 and MID point too --- 7609
THis -WW has formed ...http://prntscr.com/3xx79vNF OI is not aligned with it tho, Have a gr8 day !
sir whts happening on the TCS coseemsunter. hard Shorts it
its retracing below 61.8% sir
they ate up all da premium on TCS futurs