CMP: 5226
CANDLES: Possible reversal @ 5184 zone ( Third re-test was done today). Will convert into a Morning Star Pattern if we get a WHITE Candle tomo with close > 5240
1. SMO SAR VERDICT:
SMO SAR EOD = 5240 (5DEMA will change sign of dy/dx)
SMO SAR Hrly = 5235-5240 (will give 5hr-10Hr EMA Bull X-over ) ;
SMO SAR Wkly = 5280 (if we can Remain > 5280, by Friday)
After a LONG TIME, @ all TIME FRAMES , we have possibility of a REVERSAL
2. LiFO Fibbo Trade: 34EMA, 30mins = 5234.4
All ducks are lining up for a LONG TRADE tomorrow INTRA DAY....
1. High Probability Intra-day LONG TRADE, on cards @
Hlf-hly close > 5334 & Hrly close > 5240 !!
2. Will Morph into SWING LONGS on price close > 5310 (Bull x-over on EOD)
EOD Milestones to be usurped for UPTREND to continue:
1. TL RESISTANCE @ = 5292 ;
2. 20DSMA = 5263
cheers
CANDLES: Possible reversal @ 5184 zone ( Third re-test was done today). Will convert into a Morning Star Pattern if we get a WHITE Candle tomo with close > 5240
1. SMO SAR VERDICT:
SMO SAR EOD = 5240 (5DEMA will change sign of dy/dx)
SMO SAR Hrly = 5235-5240 (will give 5hr-10Hr EMA Bull X-over ) ;
SMO SAR Wkly = 5280 (if we can Remain > 5280, by Friday)
After a LONG TIME, @ all TIME FRAMES , we have possibility of a REVERSAL
2. LiFO Fibbo Trade: 34EMA, 30mins = 5234.4
All ducks are lining up for a LONG TRADE tomorrow INTRA DAY....
1. High Probability Intra-day LONG TRADE, on cards @
Hlf-hly close > 5334 & Hrly close > 5240 !!
2. Will Morph into SWING LONGS on price close > 5310 (Bull x-over on EOD)
EOD Milestones to be usurped for UPTREND to continue:
1. TL RESISTANCE @ = 5292 ;
2. 20DSMA = 5263
cheers
thx shriram garu,
ReplyDeletewhat is this .
TL RESISTANCE @ = 5292 ;
excellent one , as market touched 5292 and then fall// i mean how to come with this one.. so if we can apply to stocks as well..
thx in advance..
What a volatility in the market.. at one time, looked like 5350 in sight, next moment 5200. Hahaha.
ReplyDeletebut thank god to 34 30 min chart, stayed cool.
Subbarao always surprises the market, last time, we were at 5900 when he did a 50 BPS hike and went all the way to 5200(if you remember those days :) :) :), this time we were at 5200 and he 50 BPS cut. Let see where we go.
Lets take one step at a time
Cheers!!!
yo sachin, mere dost ...
ReplyDeleteenna ma, soukyamma ??
Rombo nandri, welcome ! ;-)
@ Sohan:
ReplyDeleteTL = Trend Line
rgds