A weekly Hammer pattern failing to have a "follow-up price action" becomes a "Pause candle".
And the downtrend has resumed again after a brief rally from 5254 to 5529, almost a 300 pt. one.
If rally gives 300, imagine what the "trend" would give.
If pauses @ 5232 zone, a small bounce is likely.
Strength would return only on a close above 21/34 Hr smas.
More prices move away from MLEma, the downward momentum from the biggest T/F, month, becomes a high possibility.
Wishing you lots of confidence & peace in your trading room.
And the downtrend has resumed again after a brief rally from 5254 to 5529, almost a 300 pt. one.
If rally gives 300, imagine what the "trend" would give.
If pauses @ 5232 zone, a small bounce is likely.
Strength would return only on a close above 21/34 Hr smas.
More prices move away from MLEma, the downward momentum from the biggest T/F, month, becomes a high possibility.
Wishing you lots of confidence & peace in your trading room.
28 comments:
Good Morning Sir & All Friends.
Happy Krishna Janmasthmi Sir & All Friends.
Good Morning Master & Friends
காலை வணக்கம் குருஜி
இந்த கோகுலாஷ்டமி தினத்தில் தங்கள் உடல்நலம் மற்றும் குடும்ப நலன் காலம் முழுதும் சீரும் சிறப்புமாய் அமைய எல்லாம் வல்ல இறைவனை வேண்டுகிறேன்.
GM Master and Friends
Master ilango and friends,
Good morning to all
Regards
Good Morning & Friends
good mng Sir and friends.
Good Morning Sir & All Friends,
I told yesterday Gap down open NF-index come true ...... Yesterday put option buyers sold 9.15 to 10.00 Am as best short covering as seen after 10.00 Am as heavily today so take care and booked profits ............
Good Morning Master !
Thanks for your inputs. Weekly hammer is "paused" in the air. Sister will not be happy :-)
"If rally gives 300, imagine what the "trend" would give."
=> Follow the trend
"More prices move away from MLEma, the downward momentum from the biggest T/F, month, becomes a high possibility."
=> Today and next 2 days can be trend deciding for next few months/year.
Good morning master and friends
Good morning Master and Friends.
Namaste Ilango Sir and blog friends
LV
Sir ILango ji charan vandan and everyone good morning
$- 67.11 Rupees
GM Ilangoji & all blogmates
GM Master & JN family,
Have a gr8 day !
Most recent bounce was roughly 40-50 points.
Namaste Ilango Sir & JN Family
free fall.
Good Morning Ilango Sir and All Seniors and Friends.
Happy Krishna Janmasthmi to Sir & All.
Dear Ilango sir,
Thank you for continuous guidance.
"More prices move away from MLEma, the downward momentum from the biggest T/F, month, becomes a high possibility."
Raghavendra
respected shreeram sir we can follow 5dema to safeguard our shorts is there any immediate indicator or signal otherthan this which should b seen carefully now ad b alert if it gives any indication thanks
Gm Ilango Sir & JN Family,
NS-5130 Possible today-let's check
Expiry will be NS 5230
jai shri krishna to sir and friends
on occasion of janmashtmi
Good morning, sir!
anyone for golden ratio trade at 5180
5134 daily channel bottom.
New Post Done.
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