@ Sonu: R:R is fixed based on max. acceptable RISK (SL) per trade.For VA study --> pls google STEIDLMAYER . And read up Sanjay Jaiswal's website for Real Time ApplicationNow , tell me ur Trade plan :)
watch the nos 8080 90 again
a fast fall setup emerging in 5ema and 55ema lines in 2 min chartscmp 8083
As long as BNF still holds 16270, we R STILL GOOD FOR AN UPMOVE provided 16295 is scaled n HELD
if we get a HUGE SURGE in VOLUMES at 16295, taking BNF to apprx 16317 n then BNF cumes n rests on 16295, then SHORTS WATCH OUT
Alternatively if the VOLUMES R EXCEEDINGLY GOOD ABOVE 16295, we CUD see a NEW HIGH, n den sum amount of shorts will b built up at highs
ShriRam, may I correct in assuming or accessing that the LARGER WAVES count more than the subwaves which unfold inbetween. For instance I have caught the BNF wave fro 15904- 16295. The FIBO levels dat have unfolded in this Larger Wave have been exceptionally precise n accurate. please throw sum light
Based on which i drew the conclusion as I saw an intraday dip upto 16217 on BNF which is also 80% of the Rise. N I see an intrday resistence at 17270, n I did voice my opinion previously
i beg ur pardon, typin mistake. dat intraday resistence is 16270 n not 17270
I have monitored an indicator called the CLOSED LOCATION VALUE ( CLV) it shows O/B n O/S zones. How I look at it now Shriram is dat the SUDDEN PELTING downwards on BNF was n indication of having taken BNF into a more comfortable O/S zone. Also the fall happened sooo SUDDENLY, but the RISE is happening SLOWLY
@ Unknown : U shud direct the Q to Master, he's been wave surfing for far longer a timeLogic suggests --> Higher the T/f , Less the chances of Short Term Operators spoiling established Wave Patterns / Herd Psychological Behaviour Expected Result --> Better Fibbo corelation as we go higher up the T/f Bon Appetit !
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-8132, S1-8106, S2-8082, VWAP-8109The CE writers for the time being taken control of the situation though 8000 still a very-very good support and Weekly VAL at 8081 is still holding…Thanks & Regards
Wud u be kind enuff Shriram 2 throw some light please.. I m still a Novice n Learning yet
I kno Sir is busy, hence I did not wanna disturb him
@All,Jnsar negative, OI suggest sellWeekly - div from last weekMaster said it will effect to day or tomorrowNow all indicators said Short
Der may BE juss ONE possible SPOILER. Reliance future LEMA is at 1023.10, n Reliance currently is below this
BNF does not seem 2 have sustained the 16270-295 zone. It fell from der
Expect intraday bounce from here if new low is not made soon.
Can anybody tell MACD tigger in daily??
looks like nifty may take a trip down to refresh some old memories
@Prithvi,A close below 8056 is needed today for MACD trigger in day t/f.
currently the fight is for 80 eod will decide which side of 80 is favoured
dear ilango sir jnsar hit and suport are held sell on rise...viwe emurgeing...?
BNF hourly HEMA at 16290
BNF seems to b playing betwn hourly LEMA at 16237 to 16290 HEMA
hahahha. above 16295 which was 100% fibo
subwave current = 16212 - 16304 = 92 points. 80% fibo av dis is at 16283-85 zone
Gambling, Gambling,GamblingSomebody watching our blog :)
NAM MYOHO RAENGAE KYUN. 16295 BNF sustaining now
Close below 8100 may be weak
BNF is good ONLY above 16295 sustaining
Minor restince on BNF now between 16317- 16334 zone. above this HOLY GRAIL
New Post Done.
BNF if sustains 16283 - 16295 zone now possible NEW HIGHS
BNF doji in day candel any veiw?