Prices, in the short term, have closed above all key averages.
"Flat Correction" seems to be completed; the direction is now "biased UP" in the ST till prices continue to close above these key averages(21 or 34 hr smas).
However, there is a channel resistance around 7446, approx. (80%)
Holding below 7450, correction could resume....
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.
7339-42 & 7374-87 are two key supports today.
"Flat Correction" seems to be completed; the direction is now "biased UP" in the ST till prices continue to close above these key averages(21 or 34 hr smas).
However, there is a channel resistance around 7446, approx. (80%)
Holding below 7450, correction could resume....
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.
7339-42 & 7374-87 are two key supports today.
28 comments:
Good Morning Sir & Blog-Mates, Have a Happy & Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@7425 ↑
H3@7414 ↓
L3@7391 ↑
L4@7379 ↓
GM Master & Blogmates.
Wish All Peace & Prosperity.
GM Master & Blogmates.
Wish All Peace & Prosperity.
Ilango sir, Hourly & Daily looks over bought. Line chart connecting daily closing prices have -ve divergence with trend indicator & RSI. However J10Sar is above JNSAR. What do you see the possibility here.
Good morning sir
Good morning master and friends,
today's HA open value is 7375.7
Good Mng Sir and Friends.
Good Morning Ilango Sir and Friends
HCL Technologies Chart analysis: CLICK Here
Good morning master n blog mates
Namaste Ilango Sir and blog friends
LV
@master
as per hrly chart now the TL resistance value comes to 7420(also Hrly HEMA), yesterday at open it was 7435 and nifty respect it. my Q is can we take breakout trade(add more long) on TL break with small(10) point sl or will have to wait till 7450 pass(as per pre-market)?
thanks.
Jai Gurudeva.
good morning to all
Respected Master,
Namaskar
gudmorning master and all frnds
Good Morning Sir & JN Family
@ anmpatel,
Aggressively, long above 7415.
hi
7388 7394 ... is 50%-61.8% retrace of the last fall from …… 7415 to 7361
80% is - 7404
If weakness is to return, it should be around 7388 7394
Strength gets confirmed above 7394 OR 7404
Good Mrng Master & JN Family
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Happy Day Guys
goodmorning illango sir and blog mets
Cámáríllá Reached H5 exactly.
NS below DhEMA.
Now price around L4 again with small pull back.
Typo Err:
Cámáríllá Reached L5 exactly.
NS below DhEMA.
good morning everyone....RCOM breakout in 30 minute charts
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New Post Done.
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