Analysis for Sept 27 - Day TF shows its power.

Yesterday the Day TF showed its power when compared to Hour TF. As per DAy TF a 161.8% retr was done at 4758 NF. From there there was a good intraday rally upto the prev close at 4868.

SL was triggered for the Longs held yesterday and also for the shorts initiated yesterday. Now a new trade is to be initiated.

In the Day TF the Bullish pattern has given a retracement of 161.8% at 4758 and also the C of the Bearish pattern (refer Current Bullish Bearish Scenario ) has also come to a retracement of 88.6% at 4758. So this must have been a point to initiate longs which was not done yesterday.



Hour chart update:

Important TA parameters:



CHECK LIST-DAY
CLOSE	4835
PIVOT	4825	5EMA	4932
HI EMA	4991	10EMA	4978
LOW EMA	4883	13EMA	4990
5 SMA	4980	26EMA	5037
20DMA	5016	prev HI	4880
50 DMA	5198	prev LOW	4759
50Hr MA	5040
100Hr MA	5038

Trade Table:

	Trades Initiated
Current pattern	O-X	A	B	C
Bullish Shark pattern 161.8% in Day TF	4978 - 5169	4911	5170	4758
Trade initiated
No trades	Retr of BC
	38.20%	4915.00
	50.00%	4963.00
	61.80%	5012.00
	76.40%	5072.00
	78.60%	5081.00
Part profits booked at 4920NF on sept 23
SL triggered at 11.00AM Close
Short initiated and again SL triggered at 2.00PM
Buy above Day Pivot /Day LEMA with SL hourly close below 4830

Intraday Update 10.15AM

Bought at NS 4910NF with SL trailed to  Hourly close below 4880

Intraday update 11.50AM

Booked profits partly for intraday as almost 50% retr is reached and 4955NS is the week Pivot, 4932NS is 5ema. Holding the remailing Longs with SL Hourly close below 4830. Will add more longs on dips (near 4920, 4880 - if it comes.)