BN's chart shows a 4th wave done from 14709(Nifty's 7540) at 15503(Nifty's 7862)with a break of the Hour channel & reversing back into the channel. Hence, holding retrace point of the last rise from 7862 is critical for making a new high.
The fall from 7968 to 7862 was of 3 waves and hence, the retrace could be anything as in a "Flat" or an irregular flat..
With the "Trend" intact and Day technicals completing their corrective move, prices may have resumed their uptrend as long as they hold 7939. If not, the "Flat" correction continues.
Bearish scenarios open up only below "7855".
Immediate minor resistances are 8011 & 8034 .
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Thank you for your prayers and wishes; I feel a lot better.
I'm very grateful to be in your thoughts and prayers.
The fall from 7968 to 7862 was of 3 waves and hence, the retrace could be anything as in a "Flat" or an irregular flat..
With the "Trend" intact and Day technicals completing their corrective move, prices may have resumed their uptrend as long as they hold 7939. If not, the "Flat" correction continues.
Bearish scenarios open up only below "7855".
Immediate minor resistances are 8011 & 8034 .
----------------------------------------------------
Thank you for your prayers and wishes; I feel a lot better.
I'm very grateful to be in your thoughts and prayers.
15 comments:
Good morning Ilango sir & blogmates,
Nice to see you back with improved health.
Rgds
Saravanan
Good morning ilango sir & J N family.
GM Sir Happy to hear your healthy words
Good Mng Sir and Friends.
GM Sir and Friends
Good morning sir
Glad to see you in better feelings regarding health but avoid strain
Have a nice day
Namaste Ilango Sir and blog friends
LV
Good Morning Master & Friends
Goodmorning Sir and JN Team!
Glad to see you sir feeling better .
With gods grace hope sooner you will be perfectly well , healthy and enchanting as usual.
GM ILango sir and blogmayes.sir feel happy your health improvement
GM Master & Blogmates.
Wish all Long Life, Good Health, Peace & Wealth.
Good Morning Ilango Sir and Friends.
Good Morning Dear Sir, Bros.&Sis's,
Have A Happy Day.
Sir, Felt happy to read your improving health.
Sir - Considering this is the 5th wave for BN starting at 15503, what would be its target? 17330??
Sir / Friends
I would appreciate your experience and practical guidelines on trailing stop loss..Can we have 80 % of last rise as SL ? Thanks.
SN
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