Running late, thanks to total TP with Mota Seth , so today's post is short & succint :-)
Coming to business
CMP: 5243.5
Candles : Hammer --> needs Close > 5344 tomo for BULLISHNESS (ideally with a WHITE body)
Supports : 5145 / 5185 / 5229
Resistances: 5255 / 5281 / 5334
SMO -SAR VERDICT:
SHORTS TRIGGERED ON POSITIONAL @ 5-10 Bear X-over today
Am already short from 5282 ysday (34EMA, 30mins BASIS)
SMO SAR Level = 5270
(5DEMA will change direction if we close EOD > 5270, & we should EXIT Shorts if this occurs)
Rest from charts pls
cheers
Coming to business
CMP: 5243.5
Candles : Hammer --> needs Close > 5344 tomo for BULLISHNESS (ideally with a WHITE body)
Supports : 5145 / 5185 / 5229
Resistances: 5255 / 5281 / 5334
SMO -SAR VERDICT:
SHORTS TRIGGERED ON POSITIONAL @ 5-10 Bear X-over today
Am already short from 5282 ysday (34EMA, 30mins BASIS)
SMO SAR Level = 5270
(5DEMA will change direction if we close EOD > 5270, & we should EXIT Shorts if this occurs)
Rest from charts pls
cheers
@ sameer:
ReplyDeleteFor the current move, I see 5 different EW lables now on diff T/fs...
which one is the accurate lable? Beats me, & I have not seen anyone who can claim to give accurate EW lables for a developing wave.
Nothing to do with the Practioner.. its the DRAWBACK OF EWT !!
Forces one to PROJECT THE NOISE IN THE MIND ONTO THE PRICE CHART
Stay rooted in price, and its FOLLOWER the EMA. Faith reaps the best dividend , not mind-projections!
SUMMARY: Use EW only for POST MORTEM until u get a full grasp of the h-Lo system.
Jai Ram Ji ki!
ReplyDelete34 EMA was trigger for trade yesterday, you say.
Have you done a writeup in your blog for this method - can you please share link, as I can't find it.
If not, please give us a simple, clear one like for SMO-SAR.
Regards,
Sir
ReplyDeletePls peruse and comment
Wave 1 5135.95 - 5378.75 = 242.80
Wave 2 5378.75 – 5190.80 = 187.95 0.77 of Wave 1)
(Expected Target was 5195 @ 0.75 of Wave 1)
Wave 3 5190.80 - XXXX (So far 5263.65 )
(Expected Minimum Target is 5665)
Breakup of Wave 3
Wave 3.1 5190.80 – 5263.65 = 72.85
Wave 3.2 5263.65 – 5205.70 = 57.95 (0.795 of Wave 1)
Wave 3.3 5205.70 – XXXX (So far 5243.85)
(Expected minimum target 5370)
Sameer,
ReplyDeleteOne cannot confirm this IMPULSE LABLE...
but to BE A FAST & FURIOUS IMPULSE , @ MIN, by TOMO , Nifty has to take out 0.618x(5378-5136)+5191 = 5341
& preferably 100% = 5433 !!
1.1 5136 5378 242
1.2 5378 5191 -187 -77.3%
1.3 5191 5340.556 149.556 61.8%
Unless we take out 5341-5433 in next 1-2 days, one CANNOT confirm this lable
@ Delhi flt Ops:
ReplyDeletePls tell me a name I can address. would be nicer to interact wid a name