My charts (and yours too........)

[dhootankur]

Paul Sir, can we call it as 1 - 2 - 3, retracement is exactly of 78.6 and seems its making a base, haven't formed yet though but would wait for the same. Do you find it to be a potential 1 - 2 - 3 and if yes then how would you be playing it??

Thanks

 

[4xpipcounter]

That is one way to look at it.
Current level needs to hold or price action will be headed to the weekly UP TL. If it does hold, then you are on to something huge.
Do notice that the trip south resulted in a 1-2-3.
There is still huge potential going south, so IMO, any thoughts of going north, I'd keep a close stop.

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Paul Sir, can we call it as 1 - 2 - 3, retracement is exactly of 78.6 and seems its making a base, haven't formed yet though but would wait for the same. Do you find it to be a potential 1 - 2 - 3 and if yes then how would you be playing it??

Thanks

 

[dhootankur]

That is one way to look at it.
Current level needs to hold or price action will be headed to the weekly UP TL. If it does hold, then you are on to something huge.
Do notice that the trip south resulted in a 1-2-3.
There is still huge potential going south, so IMO, any thoughts of going north, I'd keep a close stop.

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Quoting "Do notice that the trip south resulted in a 1-2-3. "

How come...retracement was only about 52% then 1 -2 -3 ???

 

[4xpipcounter]

That's one of the reasons the downside is vulnerable.

Quoting "Do notice that the trip south resulted in a 1-2-3. "

How come...retracement was only about 52% then 1 -2 -3 ???

 

[dhootankur]

That's one of the reasons the downside is vulnerable.

Hmmm means am progressing in 1- 2 - 3's path

Ok so I think so its following range bound state and we can enter into direction which ever broken either 140 on upside with good volume or 133 on downside... :clap:

 

[4xpipcounter]

I'd like to think your original supposition is right, but there is a lot of R and lots of pressure pushing south.

Hmmm means am progressing in 1- 2 - 3's path

Ok so I think so its following range bound state and we can enter into direction which ever broken either 140 on upside with good volume or 133 on downside... :clap:

 

[preethi21]

SHORTEd NIFTY FUTURE 4 LOTS @ 5478 SL 5503

RISK = 4400

 

[preethi21]

SHORTEd NIFTY FUTURE 4 LOTS @ 5478 SL 5503

RISK = 4400

CoVERED @5374 = 104 POINTS

PROFITS 20000+ RS IN 1 HOUR :thumb:

 

[mangup]

CoVERED @5374 = 104 POINTS

PROFITS 20000+ RS IN 1 HOUR :thumb:

Can we know what made you to think going short at 5478?
But that was a perfect one !:clapping:

 

[vinst]

Can we know what made you to think going short at 5478?
But that was a perfect one !:clapping:

in fact, i am feeling jealous of preethi21 bcoz i shorted at 5435 !