I had ended my previous post with following words:
Q
Above 5313 means
C1=5136-5378
C2=5378-5184(ended at 5190);
C3=5190-onwards in play
(i)=5190-5342=152
(ii)=5342-5246=96(
(iii)=5246-5298* and should test 5500----
in play
Below 5258 means
A=4531-5629=1098
B=5629----in play as WXY
W=5629-5136
X=5136-5378( with truncated C which ended at 5342)
Y started at 5342 and shall go below 5136----
UnQ
However,I must add that these are the first thresholds only.
For an upmove to confirm itself,5342 has to be breached;
For a down move to confirm iself 5220 must be breached.
Until any of this happens, we may be just oscillating sideways--
Breaching of 5297.95 makes me go long with SL at 5280 and target 5344
9.52 AM:
I am trying to see the current upmove as a 5 wave form with targt 5336 i following manner:
SL for longs remains at 5280.
11.45 AM
Breaking of day's low has tilted scales in favour of bears.
It seems morning's defining range of 5258-5313 is going to remain unfined today.
Have closed long positions and would wait for better clarity to emerge.
12.25 PM
One of the Probabilities being considered(least bearish) is this:
Q
Above 5313 means
C1=5136-5378
C2=5378-5184(ended at 5190);
C3=5190-onwards in play
(i)=5190-5342=152
(ii)=5342-5246=96(
(iii)=5246-5298* and should test 5500----
in play
Below 5258 means
A=4531-5629=1098
B=5629----in play as WXY
W=5629-5136
X=5136-5378( with truncated C which ended at 5342)
Y started at 5342 and shall go below 5136----
UnQ
However,I must add that these are the first thresholds only.
For an upmove to confirm itself,5342 has to be breached;
For a down move to confirm iself 5220 must be breached.
Until any of this happens, we may be just oscillating sideways--
9.52 AM:
I am trying to see the current upmove as a 5 wave form with targt 5336 i following manner:
SL for longs remains at 5280.
11.45 AM
Breaking of day's low has tilted scales in favour of bears.
It seems morning's defining range of 5258-5313 is going to remain unfined today.
Have closed long positions and would wait for better clarity to emerge.
12.25 PM
One of the Probabilities being considered(least bearish) is this:
raghuji levels mentioned are spot or future
ReplyDeleteregards
vineeta
only Spot---
Deletethanks
ReplyDeleteon sl 5280.
ReplyDeleteguruji u use i charts where ticks are different frm nse terminal.
this becomes imp as u do 5 min or less labelling
99.9% u must be aware of this still i mentioned in case...
Raghu ji,
ReplyDelete5253 is the low means down, wave C, confirmed?
Regards
Ashu
Guru Ji Below 5214...ll Try to short more or cover some?...low target still confusing me unless we not close below 5215..
ReplyDeleteRaghuji aek update hojaye plz :)
ReplyDelete