Weak below 7915 for "Intraday".
@ DR.SGM,We'll follow one segment of upmove by one. "7841", previous high, a resistance, would act as a support in case of a fall.
nifty grinder...sujata sis your views
Retraced 61.8% of the rise from 7882 to 7929.Not breaking 7899, it is likely the 5th from the lows of 7856 could be unfolding towards "Broadening top". Weakness continues till below 7916.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-7903, R1-7938, S1-7868, VWAP-7920The 7900PE writers are in full command with huge addition for the day and now PCR around 1.00, Range bound moves still on…Thanks & Regards
1.00PM TT & Chart Updated.
Sir, pls give ur view on below given link. I think its ihns pattern (purple lines) in 60 mins chart. Neckline currently at 7925-29http://prntscr.com/4f93m6
Dear Sir,Are there any ways by which one can differentiate between consolidation and distribution?Thanks
sir,after the low of 7900 what is significance of 7915?
@ Prabhanshu Raman,It is not well formed.
@ Raman Kapoor,Volume could reveal to some extent.Divergences could signal weakness/ strength ahead.EW could help some.But there is no fool-proof method.
@ Piyush Sharda,7916 is the 1st wave of the fall from 7924. Hence...
thank u sir, so many tricks and tips u use consistently everyday but somehow still it clicksto me only after u wrtie.
kya weeklly gapdown hoga?
At a critical "inflection point-7899"...
Last fall fast-retrace from 7912, 7900 is the next watch.....
Thank you Sir for your guidance
Last fall from 7912 retraced in faster time! Ilango Ji- hats off- you really breathe the Nifty!
one more chance to turn bear from bull
sl todays high
@ Ashish Agarwal ,All glory to Ralph.N.Elliott. Now weak below "7908 or 7905"; holding these new highs possible.
A few days back, Illango in his pre market view had mentioned that markets will faced a minor resistance near 7927 before moving up and see how beautifully it has worked today... Hats off Sir to your analysis and guidance... Makes me often " when will we grow up"...
New Post Done.
dear sir BN next resistance ..? 15815- above...?