sri ram ji need guidance for Coalindia im long sir
extremely sorry for typoactual no, for trgt price is 8001(not 8101)
Thanks S4S, your scenario is still valid. Nifty below 7950 now
@ Ram: i dont track it actively.. cursory view on Wk TA suggests a 4th wave is in progress down from 423.7A +WW will form once CIL hits 325-329 zone. Wave 1 ended @ 315, so for label to be valid, u can hold ur Delivery wid SL @ 315 , If not possible, exit & try reentry of longs near 325-328, rgds
Sir, is there any chance that still correction going on:A 7925 7984 7937 7991B 7991 xxxx goingC
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7969NS below OK ( Octa Kilo = 8000).Currently hovering around 7954. NS below Day Pivot @ 7968 displaying bearish trend.Cluster Support @ 7896 - 7918 for aggressive trades waiting for NS's arrival.NS in SAH mode in Hr. T/F & SAH mode in Day T/F.Strength returns above Hr. Hema @ 7986 & D LEma @ 7989.Weakness continues below Day Pivot @ 7968.SAH = Sell And Hold.
thank sri ram ji
Is this fall comes near 7892???
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-7990, R1-8027, S1-7923, VWAP-7985The Index is consolidating within the Values Area of 7953-8014, and based on Option Table it may stay within this range for the day, Sell on Rise continues…Thanks & Regards
Dear sir,is it possible that market can reverse without completing EW formalities[for eg,failure to complete 5th wave]provided the retracement level or time correction is achieved?
Concept of Slope..SLOPE = Distance/timeSomewhere I read and just adding it here..Normal EW says 1-3-5 are trending and 2-4 are correction..so slope of 2 should be less than 1 and 4 to be less than 3.APPLICATION: If you see correction slope more than its preceding trend, it means correction is not over yet. Need to wait for more time before correction to be over.Just adding this concept on IIangoji marking on wave iv, which took 2 hrs.Wave distance time Slope iii 130 8 16 iv 66 2 33Slope of ‘iv’ is more..Better not to jump now for ‘v’ but to wait for some more time
a small contracting triangle developing in nifty charts...............may possibly again test levels of 7942-47 range (to form a busted pattern ala WW)and then move up for 7990 intraday............cmp near 7948.............near 7947 is support of lower T/L45pt move in last 45 min.............fingers/legs crossed
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7956NS below OK ( Octa Kilo = 8000).Currently hovering around 7948. NS below Day Pivot @ 7968 displaying bearish trend.Cluster Support @ 7896 - 7918 for aggressive trades waiting for NS's arrival.NS in SAH mode in Hr. T/F & SAH mode in Day T/F.Strength returns above Hr. Hema @ 7980 & D LEma @ 7989.Weakness continues below Hr. Pivot @ 7956.SAH = Sell And Hold.
S4S, i am getting 7952 as breakdown level and 7982 as breakout level. 73 points is the movement it can give.
@ Prabhanshu,Will add more complexity :) Looks like a complex "B" wave in play - waiting for C up.
@Master,5/20 fast fall making in coming days???
New Post Done.
Ragha ji..even i have this in mind and askes sir as well...lets c