@Illago sir,wave C 7800 to 7708from 7708 to 7XXX which wave is this (wave d or 1)
bank nifty has found support at 10SMA @ 15372.15. any break ov this will hack BNF upto 15186 - 15200 zone
Sir your views on TataSteel please. it seems the perfect candidate to go short sir. kindly advice
Sir TataSteel 10SMA @ 556.75- 557. any break of this make render Tatasteel to test its 25SMA @ 539 - 540 zone. ur views please sir
@ mridul deka,In week T/F itself, there are more than two scenarios at work; hence, the shorteer version should be read in that context and one should be alert & flexible enough to change direction to trade this market.In the shorter T/f,It took 61 hours to move from 7422 to 7841.it took 19 hours of "abc" correction to move from 7841 to 7708.It took just 3 hours to move from 7708 to 7799.Now, a flat correction seem to be unfolding as long as "7760" is held approx..We are looking at it as the next set of 5 waves from 7708, similar to 7422 to 7841.Alternatively, it could be unfolding as an "expanding triangle" or "Broadening top" in which it could fall towards 7400 by either holding below 7825 OR, move higher towards the pattern top around "7880" and fall...
@ Unknown ,Tisco has started an upmove from 537(Or a corrective rise):537 to 548.00-1548 to 543.00-2543 to 559.90-3Presently, 4th is on: Hence, monitor the retrace to make a trade:554 552 ... is 38%-50% retrace of the last rise from …… 543 to 560 80% is - 546 If strength to return again, it should be around 554 552 Weakness gets confirmed Below 552 OR 546
thankyou so much Illango sir
Thankyou Sir for ur views
sir can we consider a new 5 wave started on Cairns at 304 ??? its been making new highs since the past 5 sessions.
from its high of 386 sir cairns has bottomed currently at 304. M I right in assuming that a minimum of 323.35 should be achieved as 323.35 is the 23.6% retracement of the rise n coincides with 80% of the fall. ur views please sir
Respected MasterNamaskarReliance now crossed the jnsar at 1016 rounded.
Cairn is sustaining 317/20, which is the 80% rise of the current wave from 304 to 320.50
@ Illango sirIn the shorter T/f,It took 61 hours to move from 7422 to 7841.it took 19 hours of "abc" correction to move from 7841 to 7708.It took just 3 hours to move from 7708 to 7799.Now, a flat correction seem to be unfolding as long as "7760" is held approx..how will this hourly calculation help ? will you please explain
@ mridul deka,The above observations help while we monitor the price behaviour unfolding..The rise could be a "b" wave, "a" being 7841 to 7708, if the sideways behaviour continues longer.The rise is a new set of 5 waves, if the sideways move ends soon and new highs made and its retrace levels continue to hold for a rise of more than 91 points(7799-7708=91).Calculating the time and taking note of the depth of corrections help in understanding the strength of bulls/ bears.
New Post Done.