EOW is here. "5771", WLEma is crucial, only a close above it would signal a "ST Pause", though prices closing below WEMa would keep the downtrend intact.
EOD is also here. "5789", DEma is crucial, only a close above it would signal a ST reversal in day T/F.
If these happen, prices could attempt to move towards "5904-27" zone, holding "5718" in the next 2-3 days.
Remember prices are presently below these critical numbers, 5771 & 5789 and their attempt during "intraday" would offer trading opportunities.
Immediate resistances for the day is @ 5789 & 5809, above which "5824".
Weakness would continue below 21 Hr sma & Day pivot @ 5748 & 5738.
Hence, the tussle would be centered around "5771-89".(also 34 Hr sma/ DEma).
Wishing you lots of confidence & peace in your trading room.
EOD is also here. "5789", DEma is crucial, only a close above it would signal a ST reversal in day T/F.
If these happen, prices could attempt to move towards "5904-27" zone, holding "5718" in the next 2-3 days.
Remember prices are presently below these critical numbers, 5771 & 5789 and their attempt during "intraday" would offer trading opportunities.
Immediate resistances for the day is @ 5789 & 5809, above which "5824".
Weakness would continue below 21 Hr sma & Day pivot @ 5748 & 5738.
Hence, the tussle would be centered around "5771-89".(also 34 Hr sma/ DEma).
Wishing you lots of confidence & peace in your trading room.
47 comments:
Good Morning, Ilango Ji
Good morning,Sir & blogmates
Good Morning Master & Friends
Good morning sir,
I want to understand to use the system.
How should I go about it.
Please help.
Namaste Guruji.
vinay.
Good morning Sir and friends. Wish you have profitable day.
Good Morning Ilango Sir and Blogmates.
Good morning Ilango sir & all...
Good Morning Sir & Blog-Mates, Have a Happy & Prosperous Day. ♥
Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.
-
Camarilla Keylevels - Nifty Spot
H4@5800 ↑
H3@5764 ↓
L3@5692 ↑
L4@5655 ↓
By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.
Good Mng Sir and Friends.
Good morning Ilango sir & all Blogmates,
Rgds
Saravanan
@ prakash nambiar,
Read first: For Beginners
And then: JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
Applied Technical Analysis
Good morning Sir & all members!
@Sir
"A flat tends to occur when the overall trend is strong, so it almost always precedes or follows an extension."
Since wave (iii) was an extended one from 5998 to 5676 and the down trend is strong, a flat correction is very likely and yesterday we recognized this correction as flat when Wave 'b' did go till 5677.
Shouldn't we now consider the current upmove as wave 'c' and use the current upmove to re-enter shorts on positional basis rather than intraday?
good morning Ilango sir and everyone
Namaste Ilango Sir and blog friends
LV
GM Ilangoji & all Blogmates
respected llango sir shubprabhat sir just wanted some knowledge about what is imptance of 5718 level as it is said in pre market holding "5718" in the next 2-3 days. is it because it is forming double bottom in hr chart or something else added to it thanks
Good Morning Masters and friends.. have a great and Prosperous day ahead!!..
Good morning Sir !
From yesterday's labels, you have re-labelled (iv) and (v) and now the a of the corrective is projected at 5850.
Trying to understand :
Large C continuing in 5-wave structure:
Within that:
1 is done (as per current labels) from 6093 to 5675
2 - corrective is ongoing- can retrace 50%/60%/80% or even 90% of 1 (though large corrective and may turn out to be flat)
Now, as You advised, this corrective- if complex can show mix of ZZ,Flat and triangle.
How we project "a" as ZZ (is this correct since label near 5850)?
Is truncated (v) at near (iii)'s low of 5677 any idea for this ?
Good Morning Ilango Sir and All Seniors and Friends
Very good morning sir & friends
Gudmorning master and all frnds
Sir,
Is there possibility for vth extending ?
Namaste Ilango Sir & JN Family
Sir ILango ji charan vandan and everyone good morning
good morning, sir!
Good Morning to All.
Sir,
"holding "5718" in the next 2-3 days"
In what way it is relevant.
Namaste Sir and all,
CLICK HERE TataMotors week Chart
CLICK HERE Tatamotors Day CHART
CLICK HERE Tatamotors Hour CHART
Financial Tech is going to be next Satyam?
@ anand ,
These are Hour EW labels and there are other possibilities such as (v)th continuing for more lows and other such scenarios.
As long as prices have not closed above DLEma, there is no confirmed "Pause" and sell on rise continues.
Last two hr lows 5718 has been taken as "continuation of downtrend."
Good morning sir ji,
Charan sparsh
Good morning Master. It can't be easier than this! :)
"Ilango said...
Holding "5710", the complex "b" would attempt 5800 again & fall again to complete (b) and then rally higher to 5800+ again, provided "5675" is held for 2 days.
August 1, 2013 at 3:18 PM"
weekly S2 ....5726
In opening given 30 points opp.....good start
Morning Master & JN Family,
have a gr8 day !
SGX Nifty almost 30 35 points above NF. Any underlying indications?
Ilango sir aur unka JNSAR ki jawab hee nahi hai...he is like the legendary amitabh bachchan, greatest male actor of bollywood or pretty and hot madhuri dixit, greatest female actor of bollywood..
we just need to trust in his system and SIT TIGHT !
Good morning Ilango sir & all Blogmates.
Thanks Sir.
With this perspective, even some volatile moves make sense and need not panic.
The dynamism needs to be incorporated in our actions - which needs- as You always say - conviction, faith and action !
BNF intraday resistances now at 10170, 10183, 10199
Ilango sir, Deepak Pinto,
Though Nifty marginally stayed above 5676, but Nifty futures has made a new low.
On 5 minutes chart Nifty futures clearly spots a "Diamond" consolidation pattern.
Break out above : 5785 for a 100point +
Break down below : 5742 for a 100 point +
Raghavendra
GOOD MORNING SIR AND BLOGMATES
Dear Ragavendra
I trade only with spot price chart.
For me it looks selling is being absorbed albiet with difficulty.
St up above 820 likely.
In the range.
I also understand that trend is bearish.
But for now bulls will step in is the message of the indicators.
Counter trend
Let us see
Tatamotors today's High 290.9 and Low 285.75 are at two ends of Symetrical triangle in Hour Chart. Breakout or breakdown would give 10 Points
respected llango sirrespected shriram ji which indicator is relevant for tracking options pls guide sir and sir why is it so importance of 5718 for next 2 days thanks for everything sir
New Post Done.
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