iCharts Discussions

[singh.ravee]

[Sahil_investor]

[Sahil_investor]

NS plan for 23-12
Week
5/12/26:6199,6117,6008
Day
5/12/26: 6210,6186,6178
50sma:6167
Above 6284:6343,6415
Below 6170:6142,6134,6093,6079,5973
TL:6267,6130,6393,6293(Hour),6373(Week)

A quick review from Larger to smaller t/f:
Last week for End of Month, price is currently above 6164(M.pivot) and is approaching towards its 1st Pivot resistance level-6355.
NS closed at 6274, above its new Wk.pivot(6230). Price did not touched WLEMA, 12 ema and bounced from 6162-6122(WLEMA-40 zone) indicating strength, on the upper end price is below 6290-6330 (WHEMA+40) zone making it the next resistance.

Day is above HEMA and above6243(D.pivot) and is a healthy sign, the only problem is the -ve div. on MACD with no +ve crossover yet, although it is still in the +ve zone.

EW:
1. 6130 is 2.3 and a (5) wave up will complete 3.3.
2. 6415 is E, and should usually follow with a 5wave fall and a 3 wave rise (on day).. Currently the fall which ended on 6130 looks a 3 wave fall, if wave 4 should not breach 6345.
Only price in conjunction with technicals will show the way.

Plan for 23-12:
On hour, 6177 is 2orB and 3orC is unfolding.
If a fall happens retrace of 6213-6285(if new highs, adjust the same) gives 38-50% at 6258-6249.
Day and hour HEMA at 6256,6249. A breach below 80% at 6227(Wk.pivot at 6230) will confirm bearishness.

Resistance: Above 6243(D.pivot), 6267(TL), 6290-6330(Wk.HEMA+40 zone), 6293(TL), 6343(Day num.), 6373(TL), 6393(TL), 6415(Day num.)
Fib: 6415-6130 gives 6273, 6306 as 50-61.8% and 6358(80%)
P. resistance: 6316, 6330, 6355,6357, 6384, 6430.

Support: Below 6243(D.pivot), 6230(Wk.pivot), 6216(DEMA), 6199(Wk.ema also 21hr.sma), 6186(34hr.sma), 6164(M.pivot), 6162-42(DLEMA-20 zone),
Fib: If falls below 6227 consider retrace from 6177 to new highs.
P. support: 6202, 6175, 6129, 6081

[Sahil_investor]

Update @09.41:
Price is trading at resistance levels. Need to be careful.
retrace at 6271-6309 gives 6286 (61.8%) below which weakness. weakness confirms below 6279(80%).

[manojkr78]

has the support levels changed or the same now???

[Sahil_investor]

[Sahil_investor]

From 6177, I am actually looking to partbook at completion of 3 so that I can get an opp. to rebuy at 4.
At the moment, there is a possibility 6309 is 3 and 4 is unfolding as flat, corrective or running correction.
Just a possibility, to be seen with retrace.
6286 still saved and price is above H.HEMA(6283).

update at 12.28:
Breaking 6286 partbook.
I will consider retrace from 6213-6310.
If strength is to return it should be at 6262-6250(50-61.8%).
D.HEMA at 6256, If breaks weakness. Breach of 6232(80%) also Wk.pivot 6230 confirms weakness.

Note: As per day, it a buy on dips and is valid unless DEMA-6216 and 21hr.sma currently at 6215 is breached.

update at 02.50-
retrace from 6286-6315 gives 6301,6297(50,61.8%) below which 6292(80%), below 6292 weakness.. 4.c unfolding?
6309-6315 a new high but a lower high on macd, 5 mins...-ve div.

[Sahil_investor]

NS end the day above D.HEMA but finds weakness at 6306-6316
Week
5/12/26:6199,6117,6008
Day
5/12/26: 6239,6221,6193
50sma:6172
Above 6318:6343,6415
Below 6267:6252,6229,6142,6134,6093
TL:6267,6130,6393,6293(Hour),6373(Week)

Plan for the day follow up:
4th ended as flat and never breached 6286. A 5th wave started rising but was not able to move above 6306 (61.8%) and P.resistance 6316. Even noted the -ve divergence on 5 mins and inspite of watching the evening star, waited for 61.8% but the fall was severe and broke 80% in one shot.
I just thought a 5 should go a bit higher,need to work here.

[Sahil_investor]

Plan for the day.
Week
5/12/26:6199,6117,6008
Day
5/12/26: 6239,6221,6193
50sma:6172
Above 6318:6343,6415
Below 6267:6252,6229,6142,6134,6093
TL:6267,6136,6397,6281, 6326(Hour),6373(Week)

A 5 wave from 6177 got completed at 6318. Following which, a correction started and made a last hour low at 6271 and Spot closed at 6284.

Keeping below 6289(D.pivot), 6276(D.HEMA), 6252(Day num,), 6239(D.EMA), 6230(Wk.pivot), 6229(Day num.), 6230(21hr.sma), 6213(34hr.sma), 6200(Wk.ema), 6197-77(DLEMA-20).

Retrace from 6177-6318 gives 38.2, 50 and 61.8% as 6264, 6248 and 6231. Below 6230 weakness and breaking 6205(80%) weakness confirmed.
P. support: 6261, 6239, 6175, 6075

If price rises, need to monitor the last fall which has 6295-6300 as 50-61.8%. Above 6300 strength and if moves above 6309(80%) strength confirmed, although I would finally be bullish when 6318 is taken out.

Keeping above 6289(D.pivot), 6304(H.HEMA), 6290-6330(Wk.hema+40 zone),
Retrace of 6415-6130 gives 6331, 6358 as 70.7% and 80%.
P.resistance: 6312, 6329, 6340, 6355, 6362.

Day macd slowly turning up, STS and RSI are already UP.. Hour is overbought but it can remain the same and still can move on. An indication of breakdown will be when STS breaks the 80 mark.

EW wise: A 5 completed from 6177, hence either it is 1.3 or 5.C. Further confirmation of 5.C since prices stopped at 6306-6316 and the channel line drawn.
Either it will be a correction or the fall will be impulsive.

[Sahil_investor]

update at 09.34:
upper ORB-6301 coincides with 6300(61.8%)
Lower ORB-6289
We are above D.pivot..

Update at 1.40:
Price seems to have taken support at 38.2% retrace and P. support.
Retrace from 6297-6262 gives 50-61.8% at 6280-6284, Breach of this means strength, Above 6290,80%(strength confirms).

update at 2.31:
resisted at 6282?
Dev.DEMA-6249,21hr.sma-6258,
34hr.sma-6230(also wk.pivot),
6239-6248 approaching.. 138.2%Fib.extension at 6239, 161.8%at 6228

[Sahil_investor]

NS goes below DHEMA, need further price action for a clear signal.

Week
5/12/26:6199,6117,6008
Day
5/12/26: 6249,6198,6229
50sma:6175
Above 6301:6343,6415
Below 6267:6252,6229,6142,6134,6093
TL:6148,6298,6406

"rk_a2003" is constantly updating FII & DII trading activity http://www.icharts.in/forum/viewtopic.php?t=5420 .
From the last 6 trading sessions FIIS have been buying, and if we watch IndiaVIX it has been falling implying volatility is low.

NS currently has two possible scenarios:
1. 6318 is 1.3 and a correction is unfolding.
2. 6318 is completion of correction(C) and an impulsive fall should happen.

Hourly STS is below 80 mark and currently price below MHEMA(6269). 4 days to go for Month end.

Support: Below 6277(D.pivot), 6267(21hr.sma), 6249(DEMA), 6237(34hr.sma), 6230(Wk.pivot), 6219-6199(DLEMA-20 zone), 6199(WEMA)
Fib: 6158-6318 gives 6257-6238 as 38.2 and 50%. Below 6238 weakness and if goes below 6190(80%) weakness confirms.
P.support: 6253, 6238, 6175, 6075


Resistance: Above 6277(D.pivot), 6285-6305(DHEMA+20 also H.HEMA), 6290-6330(WHEMA+40 zone)
Fib: 6297-6262 gives 6280-6284 as 50-61.8%, above which strength and above 6290(80%) strength confirmed. If goes above 6290, a retrace from 6318-(the new low) will be essential.
P. resistance: 6293, 6317, 6329, 6332, 6355, 6384

[Sahil_investor]

update at 09.30
Prices crossed the Upper trendline. MACD is up.
Upper ORB range-6281
Lower ORB range-6273..

There are a lot of resistances. But if it is an uptrend, prices break resistance and they turn to support..

[Sahil_investor]

update at 09:51:
6290(80%) is essential to be broken and then 6297 as a pivot itself.
macd giving -ve div, in the resistance areas.

update at 11.03:
sts turned up, hour closed exactly at H.HEMA
Day and H.hema are now exactly alligned at 6285-86
6285-6305(DHEMA+20 zone) to be watched.

update at 11.28:
unable to cross 6290, -ve div. is having its effect.
Retrace of last rise gives 50-61.8% at 6277-6273.HLEMA-6274.
Weakness below 61.8%, weakness confirms below 6268(80%).
Also, DEMA-6261, 21hr.sma-6276, Short term weakness below it.
Below 6242(34hr.sma) confirmation of weakness.

[Sahil_investor]

If my count is right, this will be dangerous for any buy position.
The count gets invalid once it crosses 6294.

[Sahil_investor]

Dev. DEMA-6258, Short term trend turns down
Below 34hr.sma currently at-6248. confirmation.

update at 2.45-
retrace from 6295-6270 gives 6283-6285.. strength above it.
Above 6290(80%) strength confirms.