Prices are pausing closer to 20 DSMA which acts as a middle point during corrective phase in an uptrend, the lower point being the 50dsma and upper point being 61.8% to 80.0% of last fall.
Sustaining 6743-50 zone or 6757, the oversold hour would continue the pause/ bounce towards 6788-96 or upto 6808.
Strength above 6808 and deeper falls below 6757 or 6743.
Sustaining 6743-50 zone or 6757, the oversold hour would continue the pause/ bounce towards 6788-96 or upto 6808.
Strength above 6808 and deeper falls below 6757 or 6743.
23 comments:
Very good morning sir and everyone
GM Sir and Friends.
Patterns in RCOM, TataSteel, PNB and Voltas: click Here
Good Morning Master & Friends
Good Morning Dear Sir, Bros.& Sis's,
Have A Happy Day.
Good Mng Sir and Friends.
Guru ji charan vandan and everyone good morning
Good Morning Sir & JN Family
Namaste Ilango Sir and blog friends
LV
@master
Ups....is this some degree of 3rd??
GM Prabhansu sir ,
Kindly provide TT of Tatasteel?
dear ilango sir now A,B,C DONE...?
@ anmpatel ,
Nifty seem to be completing a 5 from 6870. But there are other ways of labeling it too like abc-x-abc.
Oversold hour could provide a bounce.
6737 6746 ... is 38%-50% retrace of the last fall from …… 6780 to 6711
80% is - 6766
If weakness is to return, it should be around 6737 6746
Strength gets confirmed above 6746 OR 6766
Good Morning Ilango Sir and Friends
bank nifty fut above 13250 strength or s.loss for intraday shorts.
@master
when time permits, can u give most reasonable lable for 5's and abc-x-abc for study purpose?
thanks.
@ herry,
If prices get sold again during this bounce for the 6780 to 6711 fall, it could test 6697 or lower..
Only above 6766, intraday strength..
GM Master & JN Family,
Have a gr8 trading day !
sriman brijsolution, short kahan par karna hai bank nifty...yahan 13055 par aur target kya hai apke 13250 stoploss ka ??
@Ilango Sir...
Sir can you give the levels for BankNifty for intraday....
New Post Done.
Good morning jnsar family
Sriram sir good morning
Post a Comment