Our today's guiding light will be:
.png)
A tick below 5290 would mean that we would test 5266.
A tick above 5334 would mean that C3(ii) was over at 5294 and C3(iii) would take us up as a 5 wave form to minimum 5540
9.12 AM
Pre-open session ends.Shows an openeing of 5320+
Donot hurry to take positions.
Those who are already short must keep a SL at 5334.
Those who are already long must keep SL at 5293.
Above 5334 it would be bulls all the way.
Till then following probability is alive:
.png)
1.00 PM
The five wave form Impulse upwards from 5291 is the Indication that CORRECTIVE C3(ii) is over.
Long positions may be created now at each dip with SL at day's low.
.png)
1.30PM
One 5 wave form 5291-5338 is complete.
It shall now be retraced by approx 50% i.e would come down to 5315.
That would be the best point to go long with stop loss at 5291.
.png)
2.30 PM
5317 it did and that should be all----
.png)
Carry your longs overnite and be ready for gap-up tomorrow
.png)
Today one common mistake was repeated by most of my friends.
Relying on 30 min and Hourly TA,the failed to see 5DEMA croosing 10DEMA and then 20DEMA.
When to switch over from 30 min/ Hourly TA to Daily TA ?
Thanks to Vignesh Siva for pointing it out---
.png)
A tick below 5290 would mean that we would test 5266.
A tick above 5334 would mean that C3(ii) was over at 5294 and C3(iii) would take us up as a 5 wave form to minimum 5540
9.12 AM
Pre-open session ends.Shows an openeing of 5320+
Donot hurry to take positions.
Those who are already short must keep a SL at 5334.
Those who are already long must keep SL at 5293.
Above 5334 it would be bulls all the way.
Till then following probability is alive:
.png)
The five wave form Impulse upwards from 5291 is the Indication that CORRECTIVE C3(ii) is over.
Long positions may be created now at each dip with SL at day's low.
.png)
One 5 wave form 5291-5338 is complete.
It shall now be retraced by approx 50% i.e would come down to 5315.
That would be the best point to go long with stop loss at 5291.
.png)
5317 it did and that should be all----
.png)
.png)
Relying on 30 min and Hourly TA,the failed to see 5DEMA croosing 10DEMA and then 20DEMA.
When to switch over from 30 min/ Hourly TA to Daily TA ?
Thanks to Vignesh Siva for pointing it out---
guruji its one day late. but better late than never. ur updates were fantastic yesterday
ReplyDeleteEVERY TIME AFTER YOUR PRIDECTIONS I MY SELF TEMTED TO CONGRADULATE YOU BUT MY KNOWLEDGE IS NIL ANYHOW MY HEARTLY CONTRADTS .DEAR SIR
ReplyDeleteDear Friends,
ReplyDeleteAlthough on one hand I feel elated at your compliments,but on the other I feel more burden also.
My attempts to label are spontaneous and hope you all must understand the dangers of it as well. So be prudent and use your own parameters as well before initiating trades.
Yes Sir ,
DeleteYou are doing excellent service for public with out expecting no return.. and blaming should never come..
U r one of the inspiration person to me to do the same in my same in my strog field..
All of our appreciative expressions are uncontrollable exclamatory noise on seeing a free flow of creative art. Please do not feel burden of it and we know with our little interaction of your approach with conviction which naturally attracted us towards this art.
DeleteOnly opinion with reasons is given here and trading is basing on that is choice to on and all.
Thanking you once again
This comment has been removed by the author.
ReplyDeleteDear GURU Ji, plz comment...
ReplyDelete5291-5314.50= 23
5314.5-5302 = 13
5302-5338.10=37 (i.e. 23*1.61=37....5302+37=5339 Max)
make it 5291-5308
Deleteas 4291-5314 is a 3 wave
Ok GURUJI Thnx
ReplyDeletethank you raghu sir for your valuable guidance and trade setup plans
ReplyDeleteDear Raghu this format where u post comments during trading hours in one single post with timings is superb. Also the after market hours EOD post format is also good. So two posts in a day.
ReplyDeleteIntraday updates in one post.
EOD in a second post.
Superb format. Simple and user friendly. Thks again
Dear Raghu ji.
ReplyDeletePranam.
I am second to STBSTB ji.
Very nice charts which are self explainatory and nice format.
You are helping people who are earning for bread and butter.
Thank you very much sir.
Many regards with good luck.
God Bless you.
Jeevan.