Corrections within a trend could take any shape. Clues are available at certain situations. The current one, if an irregular flat, shows an impatient & strong downtrend.
Moving past "5717", major resistance is "5752", 5DEma & 34 Hr sma above which would be "5776-5803", previous supports-now turned-resistances.
Holding "5676", the bounce would continue as a "5-wave structure".
Weekly trend is firmly down; hence, intra week rises should be treated as "pause" only unless prices close above "5838", JNSAR or "5852", 200dsma.
Wishing you lots of confidence & peace in your trading room.
Moving past "5717", major resistance is "5752", 5DEma & 34 Hr sma above which would be "5776-5803", previous supports-now turned-resistances.
Holding "5676", the bounce would continue as a "5-wave structure".
Weekly trend is firmly down; hence, intra week rises should be treated as "pause" only unless prices close above "5838", JNSAR or "5852", 200dsma.
Wishing you lots of confidence & peace in your trading room.
33 comments:
Good Morning, Ilango Ji
GM Ilangoji & all blogmates
Good Morning Master & Friends
Good morning Ilango sir & all blogmates,
Rgds
Saravanan
Good morning Illango sir. Since weekly ta is down, please can you label waves for weekly t/f? Thanks for your guidance and sane voice in market chaos.
Amit
Namaste Guruji and blogmates.
Vinay.
Good Morning sir & friends
Good Morning Ilango Sir and Blogmates.
Namaste Ilango Sir blog friends
LV
Good Morning Ilango Sir and Friends
NIFTY Support levels: CLICK HERE
Gudmorning master and all frnds
Good Morning Ilango Sir and All Seniors and Friends
Good Mng Sir and Friends.
Ilango ji,
Good Morning...
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good morning Sir and friends. ..
How to enter after part booking ? How to rejoing on going trend ?
If left out ! If no position ! If SLO hit ! If Gap Up ? If Gap Down ?
How to enter after part booking for JNSAR too ?
I use this PDF only on Hourly T/F.Excellent result useing along with
tech table end of hour closing above / below 5ema 'C"
Usually down sloping 5 SMA Hourly if you sell above and upsloping if you buy below good result with SLO 20 points.It comes nearly around 5Hour high-low.Need courage & confidence to enter.
Sending PDF test live market without putting money few days.
To day most useful.
SIR
Good Morning.
Happy Hunting in the Trading jungle.
Good morning Ilango sir & all blogmates.
Master ilango and friends,
Good morning to all
Regards
Good Morning Sir & All Friends.
Happy Shiv Ratri To All Off You.
good morninig sir and all blogmates
sir ,
what is significance of 5676
Good Morning Sir & Blogmates.
Hava a nice profitable day !
respected all could anyone tell me in which wave nifty is and if its an irregular correction in which sum wave we r just wanted to understand practically now
Sir ILango ji charan vandan and everyone good morning
dear ilango sir good morning i m new in market can u pls. tell me how can i make money
dear ilango sir good morning i m new in market can u pls. tell me how can i make money
good morning dear sir and friends.
@ Ilango sir,
please check mail when time permit,
Thanku sir
GM Master & JN Family,
MnLo EMA will come under attack again , if OTM CE writers build sufficient Head-load & WkLo - DayLo combo resists.
Have a gr8 day !
GOOD MORNING SIR AND BLOGMATES
New Post Done.
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