@ Rajaram,Reasons are many:Daily technicals have shown reversal, firstly with a close above DLEma & taking support near 50 dsma along with oversold 9 day rsi & lead indicator bottoming and reversing.Besides, the most important of all is the 3 wave structure in the fall from 7809 to 7422.This retracement is only a guideline as 3 wave could be retraced by any kind of %, even more than 100%; besides there is the 5th wave possibility.
@ Okay ,Wave 1 is shown from 5933 to 6819 = 886 points;wave 3 is shown from 6639 to 7564 = 925 points.(Wave 3 could be sub-dividing too; hence, the importance of key levels in the retracement of 6639 to 7564 or 6639 to 6809, as updated & shown in "JustNifty TA file")
-WW in nifty 30 min chart.. triggered 5 at 7640.. negated above 7655.. target below 7680... your view please...
sorry target below 7580 for -WW in nifty 30 min...
Thanks for your response Master....
GM Master & JN Family,Have a gr8 day !@ Vaishnav : Basic rule of WW.. 1-4 overlap , is it satisfied here ? rgds
Good Morning SatheeshPlease update Tata Motors latest price chart developments.Thanks in advance
Day Low : 7612.70 Day High : 7643.60 Range :31 Points Day Pivot : 7599 Hr. Pivot : 7629Currently above Day Pivot @ 7599 and Hr. Pivot @ 7629.NS nearly Half a Century above D JNSAR @7576.NS currently hovering around 7640.NS in BAH mode in Hr. T/F & in Day T/F.Below 7614 mode changes to SOR in Hr. T/F.BAH = Buy And HoldSOR = Sell On Rises.
@ Varadarajulu Venkatesan, Currently Tatamotors is trading above 464 -10 DMA. From the fall of 485 - it found support at 50 DMA 440 levels and has bounced back upto 470 levels. Weekly Hema is @ 466 day HEMA @ 468 and 10 DMA 464. Holding these levels is a must for the upmove to continue.I shall update the charts this weekend.
GM Sir and friends..Shri, do you see bull flag in tatasteel 1hr chart?? Bo above 541?
http://prntscr.com/43homc ---- Shri Ram Sir have a look... may be line joining 2 & 4 is invalid.. pl guide...
@ Prabha: possible.. but needs more TIME consol to find right entry na ?@ Vaishnav : in a -WW , the 1-4 line has to POINT DOWN !
Thanks Shri Ram Sir...
Shri, it consolidated or corrected fron 580 to 492 to end wave 4. And now broke the upper trendline at 541... but time took to form this flag is more...so confusion
Day Low : 7612.70 Day High : 7643.60 Range :31 Points Day Pivot : 7599 Hr. Pivot : 7635Currently above Day Pivot @ 7599 and below Hr. Pivot @ 7635.NS Half a Century above D JNSAR @7576.NS currently hovering around 7625.NS in BAH mode in Hr. T/F & in Day T/F.Below 7623 mode changes to SOR in Hr. T/F.BAH = Buy And HoldSOR = Sell On Rises.
@ prabha: so , lets try to c this way.. EOD close > 550 will give a Higher Close on Day TA, than prev. wave crest.. if tat happens u can consider it a H-prob B.Flag brk.out setup
New Post Done.