Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
33 comments:
Sir
Thank u for clarification. Now i am also short at 5211 future.
u have given Stop loss = 5330. I am assuming 5330 = Index value.
Sir, any possibility of keeping short position as conservative trade carry forward. If there is a chance for this, I will wait till end of day instead of booking profit.
Hi..Govind,
If you see the daily chart" posted in the "PreMarket View", I expect a correction upto 5200 approximately and the same may not happen swiftly. This being considered as a 4th wave, it can be a "Zigzag" or a triangle..So when you see a profit of 50+ points, take it.
Also you could trade bothways during this correction..
GM Ilango sir and All
@RajaG
how was ur trip to mother v'kanni..
hope things went well..
sri
gm all
Hi Sri (French cut?)
Trip was great.
illango sir, ur intraday target of 5280 is as per NS??
Good morning Ilango Sir and all blogmates
Dear Rajagopal sir,
can we initiate short in tata motors but tomorrow it may announce the monthly sales data
plese suggest me
Yes..Mano,
It is spot.
Sir,
The NIFTY TA excel sheet contains a macro for automatic updates?
illango sir if iam not wrong if nifty manages to break 5270-75lvls it can take 5240lvls??
1.weekly chart Nifty has formed “High Wave” pattern which favors uncertainty in market.
2.closed above 2day 5315 next target:5375
3.closed below 5260 1st sign of reversal.
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last 2-days nifty move up but pcr down.means some big -ve news waiting.
Rajagopal Sir,
view about tata motors
dear rahul sir
last 2-days nifty move up but pcr down.means some big -ve news waiting.
what is pcr and how it affects the stratagy
if have time please clarify
Smart Trader : I reversed my Long at 745 and Short from same level - holding. It is bouncing from 731 levels.(futures).
All auto sector results are expected very good.(+weak base period).
Worthy Try !!! Are you going. Please let me know. Will also go with you. Bajaj ???
Hi aarvee9 - just saw you. Good Morning.
ema update??
5 ema : 5288
hi ema : 5295
Lo ema : 5271
@ 11.00 a.m.
Rajagopal Sir,
Bajaj hind follows nifty trend now if nifty fall it will also fall so i am waiting (as perillango sir view)
@rv9
where r u yaar?
@raja
wt ur guess for todays at 2.30 hrs
@ilango sir,
NSE shows today's low at 5242..is it stray one..can we ignore?
Sir,
The NIFTY TA excel sheet contains a macro for automatic updates?
@arpit my lema is 5278, pls check
Sri,
Monday and Tuesday 2.30 is +ve factor.
@ Sriganeshh,
Ignore the Low quote of 5242..."freak quote"..
@ Sam,
This excel file contains just "formulae". As you update new data in the next rows, the TA changes based on the new data. The procedure is mentioned in the "Technical Analysis" under "Label" section of this blog.
Rajagopal SIR,
WHAT IS THE USUAL DATE FOR ALL AUTO SECTOR RESULT PLS CLFY THE SAME
Watch Hotel Leela call option Rs.50 strike price
Watch buyers and sellers
Broker call
Short TCS @817 sl @835 tr @850-- (fut)
Ilango sir, SL for conservatives is 5350 and for intraday is 5330? m i right?
Thanks
Sorry target 750
@raja,
just closed the longs which are carried from friday..and in SHORT now keeping SL 5330 for intra and looking for 5295/5290 to book..
i hope your LONGS are still in place looking for monday factor :)
Babu - Music to ears TCS.
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assortZ - closed both Long and Short. I am purely on my P2P + One conservative short as advised by Ilango.
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Dear Rajagopal sir,
I think we both missed tata motors pls tell me i you are take long
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