The corrective move from 6069 to 5880 has unfolded in a clear 3 wave form in a channel and this channel resistance comes @ 5925. Trade above yesterday's high,5960, will give short term strength whereas moving past 6001 may reverse the short term trend.
NF channel shows a bit different channel resistances..NF 5960-70 would be a critical zone to cross at the open and thereafter the value comes down.
NF channel shows a bit different channel resistances..NF 5960-70 would be a critical zone to cross at the open and thereafter the value comes down.
50 comments:
Good Day to Ilango & All.
Ilango,
I am a bit confused, with the few last words
'value comes down'of the statement.
'NF channel shows a bit different channel
resistances..NF 5960-70 would be a critical
zone to cross at the open and thereafter
the value comes down'.
Means if unable to cross value would go
down ?
Probably , it's clear now.
Thanks
@ atain,
At the open, the channel resistance for NF is @ 5960-5970. As it is a downward sloping channel, the channel resistance values for a break out will start to come down from 5960-5970 to 5955-5960., 5950-5955 and so on.
As you understood, it is also possible that the resistance may lead to a fall to test the previous lows which will depend on the volume and OI changes ..
Ilango,
Thanks a lot for the clarity.
Ilango,
Bonjour.
I must appreciate, your quick response atain.
I have read in one God's Pothi ( Holy Book )
That god always rushes to help followers.
May God Bless You.
Yogesh V. Abhyankar
Sujatha,
I am in your Boat since Friday.
Quantity of Cargo is Huge.
Do keep on posting when to cover.
Yogesh V. Abhyankar
Good Morning Ilango Sir and Friends
LINES OF NIFTY: CLICK HERE
Ilango Sir,
Good morning,
Sir in above table JNSAR shows DOWN but j10.SAR
shows UP , i think some typo err or my understood
is wrong ?
Thanks.
Sir;GM
A querry on understanding on the longterm(Weekly) and shortterm(daily)charts on icharts of nifty,the nifty13 and 34 EMA exihibits a different pattern of crossovers.In weekly the bullish crossover still persists whereas in the dailies a bearish crossover is there so how to take this for positional understandings.
@ abhishek,
Thanks. It is "Down" and I've corrected it.
@ Bhavan,
Trade with the daily indications but keep in mind that at "supply zone/ resistances", it may find difficulty due to weekly pressures.
Trading based on week is difficult as daily swings are so huge. But keeping the weekly TA alerts you to be cautious at "Overbought" situations. If weekly is up and daily is OB, the OB can persist for a long time due to the strength of week TA.
GM TO SIR AND ALL AND NAMASKAR NAMSTEY TO ALL
Bhavan Jsk (Mota Mansoo ) :)
@Prashant JSK
Good morning all!
GM SIR & FRIENDS
jai jinendra to all
Good morning Ilango Sir and all
Thanks Sir
5983.30 100.00%
5969.30 76.40%
5960.63 61.80%
5953.63 50.00%
5946.62 38.20%
5937.96 23.60%
5909.94 23.60%
5901.28 38.20%
5894.27 50.00%
5887.27 61.80%
5878.60 76.40%
5864.60 100.00%
all r retsrcement
Sir...thanks for those beautiful and simple charts..
my small input if you think is valid...i see a possibility of 5934-5955-5965 as resistances as per 5 min future charts...and trading above VAH of 5934 is must to take long positions....right sir ?
regards
good morning everyone
Gm Illango Sir & All
HI
I am having two doubts and would be grateful if they can be resolved -
1) we were talking of a trading range between 5935 and 6070 and big moves on either
sides. Since we have broken on the downside shouldn't we be short ? Maybe wait for the indicator
35-D to move up and short again.
2) Also JNSAR has been broken on the downside.
good morning,seniors..
Yes..Ka,
VAH 5934 may coincide with the opening spot high of 5925.
That would be the channel breakout point.
GOOD MORNING TO SIR AND ALL
@ RishiM,
Trading band broken & have seen a decisive move to 5880 beyond which 5865(monthly support)is possible.
For the day, moving past 5925 & then 5960 are strong resistances..
Daily "D" is trending down and if 35 hour "D" gives a buy, it could be short lived..
JNSAR trade - is a mechanical method to keep the emotions out & is DOWN.
SBI might be still on a sell due to rights issue matter
might go near 2700 range so longs can be avoided
POC of 5925 is getting rejected and VAL is protecting so far...good to observe this !
"ORB" is well poised.
High being channel resistance: 5927NS/5941 NF
Low being Last low @ 5884NS/ 5910NF
Trade : <<5884NS - 5927NS>>
@FORTUNE AND DYS BHAI
THANKS FOR YOUR COMMENTS FOR MY YESTERDAY'S QUERY.
THANK YOU Illango Sir !!
Good Morning Sir and Warriors
Good Morning ALL
"Short term reversal from here" likely now..
Good morning sir and all :)
OMG sir, triple bottom intra if not break again + yesterday 5880 double bottom (slight)??
please all pray for "nifty should protect 5880" hehe, or else gaya upto 5833 62% retracement levels.
Happy trading day.
Sir on downside or upside? reversal?
RIL supporting the market.
yes sir...'seems' to be as a mild +ve div developing both in NS & NF 5 min chars...plz clarify.
regards
@ musti,
:)
Prices have been trending down.. so a reversal can be upside.
BN is not making LL but Nifty did and hence the suggestion..
I think sir say for upside!
Me too want 60000 todayyyyyyyyyy
Sir - what a telepathy?? thanks
intra gann - If yesterday's low not breached decesively then upside no is - 5898,5917,5936
5956 , 5975. Inbetween watch closely 5943/48 (long breakout may happen at this level) if at all that's false also it may give another 15-20 points. Thinking over +vely?? mm. RG sir against my view na?
Sir 5899-5902 was also the range where yesterday good buying was observed and today also the same thing so if 5887 is protected for some time we may again see 5934 in NF
NEW POST DONE.
@ Sujatha, I it will give Cam L-5 now.
Good Morning LORD Illango!!!
Lord i am a regular visitor to the blog and follow JNSAR in some of my trade, just tring to study more about EW!!
If 1 wave downward started @6340 & ended @5724 the 2nd wave completed @ 6088 almost .60% of wave 1. then wave 3 should might be @5601 - 1.18% or 5553-1.27% or 5339- 1.61%.
Lord am i right till here
Assuming this is a simple wave
All NF values
Regards
Harpreet
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