Nifty has been restricting itself within a "rising wedge" pattern(ED) thus far.
The last part of such a wedge has started unfolding from 6008 and its resistances would be in the region of 6115-35.
The other bullish "iii" will continue to be in contention as long as 6008 holds(RC) or the 80% of the upmove from 6008 to XXXX(wherever it completes today) OR if the prices move past 6135 decisively.
It continues to be "sell on rises" till 6135 is cleared decisively.
As suggested on Thursday & Friday, the "e" upmove has unfolded from 6008 and got a further confirmation with a close above 34Hr sma.
"6046" was the JNSAR as well as 5 Hr high for a reversal trade on Friday considering few whipsaws earlier.
The last part of such a wedge has started unfolding from 6008 and its resistances would be in the region of 6115-35.
The other bullish "iii" will continue to be in contention as long as 6008 holds(RC) or the 80% of the upmove from 6008 to XXXX(wherever it completes today) OR if the prices move past 6135 decisively.
It continues to be "sell on rises" till 6135 is cleared decisively.
As suggested on Thursday & Friday, the "e" upmove has unfolded from 6008 and got a further confirmation with a close above 34Hr sma.
"6046" was the JNSAR as well as 5 Hr high for a reversal trade on Friday considering few whipsaws earlier.
48 comments:
Good Morning Ilango Sir and Friends
NIFTY Support and resistance levels: CLICK HERE
Goodmorning Ilango sir& blog friends. Happy have a nice day.
chart update for 21 nifty stocks
http://priceandvolume1.blogspot.sg/2013/01/weekly-study.html
Good Morning, Ilango Ji
Goodmorning master and all JN friends.
good morning Illango sir & friends
Good Morning Master & Friends
Good Morning Master and Seniors
Dear Ilango prayers for your mother and hope she recovers speedily and well. Thx for still taking time for the daily updates.
Good Morning Sir and dear blog-mates.
I am visiting here after some break.
I was not feeling well. Now better.
Missed all of you.
Good Day.
Good morning Ilango sir & all blogmates,
Rgds
Saravanan
Good morning Ilango sir & all blogmates.
Good Morning Sir ,
My prayers for your Mother's good Health and speedy recovery .
Namaste Dear Master and all friends
Have a nice trading day
Good Morning Ilango Sir and Blogmates.
Ilango Sir, Prayers for a speedy and healthy recovery for your dear mother.
Good morning To all..
@Ilingo sir,
prayers for your Mother's good Health and speedy recovery
Respected Ilango Sir,
My prayers for your Mother's Good Health and early recovery.
Regards
Suraj
Namaste Ilango Sir and fellow bloggers.
LV
Dear Ilango Take Care
Good Morning to ALL
Sir,
Prayers for your Mother's good Health and speedy recovery
ATR Based Trading Signals
Buy Zone : From 6045.65 to 6031.15
Breakdown below : 6028.25
Breakdown target : 5995.1
Sell Zone : From 6103.65 to 6118.15
Breakout above : 6121.05
Breakout target : 6169.1
sir
the 3 scenarios -2 bullish and 1 bearish-continue to taunt
ending diagnal- super bearish -ur red label
double combination correction with impulsive wave up started- bullish -ur green label
running triangle super bullish
watershed zone - 6030-70
with 6065 crucial level
@Respected Ilango Sir,
My prayers for your Mother's Good Health and early recovery.
Dear Sir
Wish your beloved Mother all the best of health, a speedy recovery.
GM ILANGO Sir &blogmates
prayers for your Mother's good Health and speedy recovery
goodmorning ji and all.
Good Morning Family
Dear Sir,
Wish your mother speedy recovery.
Rgrds.
GOOD MORNING SIR,
Wish your beloved Mother all the best of health, a speedy recovery.
Good Morning Master & JN family.
Ilango Sir, My prayers for a speedy recovery for your mother
Parimalji,
Tata Steel is moving up.
Any update pl.
Thanks.
Good Morning Sir & All Friends.
Master,
Thoughts & prayers for your mother's health & recovery.
Take care
rgds
Sir ILango ji and everyone good morning
sir ji,
wish and pray for speedy recovery of your mother
Looks like 6100 + on cards today and then RBI policy carries it further.
R/Ilango Sir Namaste n Namaskaar 2 all reader's. MATA ji ke UTTAM SWASTYA Ki Kamna.
Namasthe ilango sir and friends,
Today's quote received :
So often we regret for small small things in life and
overlook to acknowledge the things which we have.
Let us acknowledge the grace within us and
Be grateful for the infinite good things which we possess.
Dear Ilango Sir
I am sorry to hear that your beloved mother is not well. My best wishes and prayers go to her for a speedy recovery.
Ilango:
Wish a speedy recovery for your mother.
sir,
wishing for speedy recovery of your mother
Master: Praying for a speedy recovery of your mother.
Sir ILango ji wishing a healthy and speed recovery for your mother GOD WILL DEFINETLY BLESS HER
Master ilango and friends,
good morning to sll
Wish ur mother Healthy and Speedy recovery
regards
= = = = = =
Thank You.
= = = = = =
New Post Done.
Ilango Sir,
Sending your mother my heart felt healing energy, wishing your mother a total well being and complete recovery
Wishing your mother a speedy recovery...
Shriram,
If we consider ED, this E leg, should be in abc, so we should have a retrace correct.
If it goes to 6115-6135 levels in one go, without a retrace can we consider this as 3
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