FII's have been buying big after the consolidation with in the major uptrend.
Prices, in the short term, have closed above two key ST averages.
"Consolidation"completed in a bull flag, prices broke out & have paused for the next upmove;
The ST direction is "biased UP", as long as prices stay above 7595 & close above these two key averages (21 or 34 hr smas).
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.
Aggressively Holding above 7619(3-Hr low), Conservatively Holding above 7581(DEma), uptrend continues....
Minor resistances would be at the earlier high of 7669-81.
Prices, in the short term, have closed above two key ST averages.
"Consolidation"completed in a bull flag, prices broke out & have paused for the next upmove;
The ST direction is "biased UP", as long as prices stay above 7595 & close above these two key averages (21 or 34 hr smas).
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.
Aggressively Holding above 7619(3-Hr low), Conservatively Holding above 7581(DEma), uptrend continues....
Minor resistances would be at the earlier high of 7669-81.
19 comments:
Good morning ilango sir and blogmates
Good morning Sir and all blogmates, in chart green (i) / (ii) is resistance / support ?.. Thanks
Good Morning Master & Friends
Namaste Ilango Sir and fellow bloggers
LV
GM Master & Blogmates.
Wish all Long life, Health, Peace & Wealth.
GM Sir and friends,
Nifty opened above resistance mentioned in pre market
Good Morning Sir & JN Family
GM Master and Friends!
Preparing for new highs...
Namaste Sir and all,
Diamond Pattern has given a breakout with huge volumes. This Breakout would sustain Holding 445. Below 445 - it would fall within the diamond again.
Tatamotors Daimond Pattern Breakout Chart CLICK HERE
Very Good morning Master and friends have a great day ...
MID POINT for the day "now" is 7642 and PCR is 0.91 which is bullish...(Resistance seen at 7899 and Support 7386)
Satheesh Mam, you have any tgts for this BO?
@ Prabhanshu Raman,
http://thepatternsite.com/diamondt.html
Bull flag 1st tgt comes to 7755??
gudmorning master and all frnds
Thanks mam
Good Morning Dear Sir,Bros.& Sis's,
Have A Happy Day.
From 7623, the (v)th is being done as long as "7675, approx" is held.
Once another high is done, manage with the retrace from "7623 to xxxx".
GM Master & JN Family,
The Hr TA +WW T1 is done.. T2 is 7780 NS.. lets c , if it comes this week.
Have a g gr8 trading day !
New Post Done.
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