Is my understanding correct following the charts...
In current perspective to attain "3" we are doing last set of 5 from 7540 and in that last set we are doing last set to reach somewhere around 8000-8100 to complete it .Which might happen before or post expiry.
So we will get into correction for larger degree of 4 aka trading mode . During 2 correction happened for approx 2 months with quantum of 400 -450 points .
Using the alternation concept what probability are possible for 4 ?
Back drop of query is for input if it is good to sell 8100-8200 CE strike or buy 7500 approx PE .
In the shorter T/F, price pattern show many scenarios. Best way to deal with them is to trail... I would use the last rise from 7900 or 7907's 80% retrace as a trail.
Till the weakness spread to day T/F, the hour weakness bringing prices to 21/ 34 hr smas are opportunities.
BN seems to have completed the 3rd wave from 15457.80 and its 4th is unfolding. Remember shorter T/F waves labeling could change quickly; hence, deal with them accordingly.
20 comments:
super addition in 7900CE. seems all dips to be bought.
Pls keep in mind of Shri's -WW as well
hi prabhanshu reading along with option oi how do you this pattern,i remember shri using this approach
Good morning sir and JN Team
Sir ,
Is my understanding correct following the charts...
In current perspective to attain "3" we are doing last set of 5 from 7540 and in that last set we are doing last set to reach somewhere around 8000-8100 to complete it .Which might happen before or post expiry.
So we will get into correction for larger degree of 4 aka trading mode . During 2 correction happened for approx 2 months with quantum of 400 -450 points .
Using the alternation concept what probability are possible for 4 ?
Back drop of query is for input if it is good to sell 8100-8200 CE strike or buy 7500 approx PE .
Gs, i cant read any pattern along with oi scene. Shri is another level, it will take hell lot of time to be like him or attain that kind of knowledge
YAAR,MARKET KAB TUTEGA
ONLY UP N UP
LAGTA HAI TOOFAN AANE WALA HAI,
HOLIDAYS FROM FRIDAY
@PRABHANSHU
ok
than lets wait for shris comments
Hello sir, is there any dividend in sbi as i see futures for current mnth are in discount for last 3-4 days
Sir, BN looks like a 5 done from 14709 to 15973 today. ??
@Rajesh Rekhani,
See Master's comment on BN Premarket view,
A negative divergences in BN,
weak below 15800
Lol
Where is the weakness? Only in dabba counters like dlf,hdil,rcom,rel infra etc.
@LAZYDUDE
TRUE
all counters with dabba promoters who rely on bribes ,political contacts to run bussiness
@ Num Char,
In the shorter T/F, price pattern show many scenarios. Best way to deal with them is to trail... I would use the last rise from 7900 or 7907's 80% retrace as a trail.
Till the weakness spread to day T/F, the hour weakness bringing prices to 21/ 34 hr smas are opportunities.
@ Rajesh Rekhani ,
BN seems to have completed the 3rd wave from 15457.80 and its 4th is unfolding. Remember shorter T/F waves labeling could change quickly; hence, deal with them accordingly.
dear sir HEROMOTOCO VIWE..? NOT CROOOOOOOOOOOOOS 80% 2626 ...?
Dear Ilango Sir & Blogmates,
OI Table Update at 12:00Noon, Pivot-7925, R1-7943, R2-7958, VWAP-7951
The 7900PE writers making sure that the level is not breached for the day and maybe for the series, 8000CE writers standing Tall…
Thanks & Regards
Thanks Sir for guidance.
New Post Done.
Dear Sir,
Do you have a TA file for ONGC. If yes, could you please share it with us.
Thanks
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