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 ...
39 comments:
Prashant
on what time frame u think 4 has ended # 5305
respected illango sirjeee
pl. reply me regarding fresh shorting query
regards
vikram
@ learning EW
I am talking of the hourly time frame
Freinds advisable to book profits in shorts in tcs we may get to short higher later. 802 low in futures should hold for confirmation.buy telco futures at 742
Sir
Can you please let us know your views about Bank Nifty. It seems OB now.
Regards
@ Vikram,
You can initiate shorts around 5325- 5335NF.
interesting discussions about SAIL and RElIANCE --It is apparent that how the patience in investment pays..but i dont know how many people can average a stock when it's falling from Rs.20 to 6 and hold it till it reach 50 to book..great mr.govind..
Many many thanx for your reply sir...i have initiated short in this range sir with a SL of 5350 closing basis
regards
vikram
@assortZ,
Yes you are right, but not in all cases also. for example Satyam stock i started buying 50 rs onwards upto 12. one time i got fear coz it may reach 1 rs or SEBI will de list the stock. But given good returns. but in case of Rpower .. went wrong.. may be i given up.. so that loses :)
Prashant
thanks.
i follow 2 ppls EW one is ILANGO & urs.
he has posted his chart could u also pls.
"NMDC EXPECTS TO RAISE PRICES BY MORE THAN 64 PERCENT FOR STEELMAKERS IN JAPAN AND SOUTH KOREA "
Stock at 280 levels - may see some action.
assdort7,
my family has previous dealings with SAIL steel plant in Salem. I remember alumium ingots that were purchased from sail and sold to retailers.
Therefore i knew sail to be a very good company. And since my time frame was forever, I didn't mind averaging. And when I averaged, I doubled the quantity of shares too....
@govind
actually wht u did is called avg(need 2 double d quantity)
i did in ashok leyland:)
"Domestic Funds on buy mode in SBI. Stock may move."
===Advisor.
Ilango
Tatasteel looks like is in 5th wave daily time frame.
true babu..another inspirational news i wish to share..one of my friend's friend started buying UNITECH when it was falling and finally held 3lakh shares @20 avg.price.Finally sold them out at 100..I dont know this is good tactics..but as mr.govind had good local info about SAIL,if we know the company personally then we can go for this kind of accumulation at low levels
rajgopal sir, today 2 30 positive bias???
@Rajagopal, putting a floor on NMDC?
One senior broker is disuading fresh Longs.
Please be careful. Today could be the last upmove (Tuesday 2.30 +) before Wednesday plays out.
assortZ : Goes with beleif. I am ever grateful to Satyam for bringing me to this market. Got good chunk at 9.65 paise !!!
Holding for retirement.
5250 should come :)
that 5250 was in relation to pre mkt view by Sir.
Yes Avinash. I remember the incident. Two other frineds who are seniors in the market voted against my decision. I went ahead personally (no combined fund). When the stock shot to Rs 35 in couple of sessions, both of them said "it is common holding". Ha ha ha...
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A triangle consolidation seems to be over and Nifty may be reversing from here for another high..
take caution with < 5295 - 5325 >
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avinash it is not 9 paisa it is Rs 9.65 :-)
Ilango sir, even conservatives sud be out of shorts above 5325 NS?Plz clear.
Sir
take caution with < 5295 - 5325 >
what does that mean? I am not following u.
Also how high will nifty goes after this consoldiation.
Ilango Sir,
"take caution with < 5295 - 5325 > ". I think these figures are Nifty Spot only.
I have short position in NF at 5300 as conservative trader. Please guide me.
Thankyou.
I agree with Aum Securities.... for all that he said...
NF 5325 is no doubt a magic figure which can be touched again only after 15th april...
me too short today for intraday at 5325 holding it with sl at 5333.
@ Govind,
"If long", watch 5295 break to exit and if short, that is the next conf. to hold on to it.
"If Short", watch 5325 break to exit shorts and if long that is another confirmation of continued bullishness.
The conservative shorts remain with 5361 as SL as Nifty is quite stretched in the short term.
ilango sir,
I have got one confusion regarding conservative trading and intraday trading. In case of conservative trading, the trade is done for more than one day i.e. positionally. Then whether one should watch intraday price fluctuations for trade or should consider only closing price for stop loss purpose. Again when a trade is swing trade, why to observe it every minute and become happy and unhappy......every moment....?
Please guide how one should behave in such cases......?
-arpit
Dear Rajagopal sir&other blogmates,
can you advise me which website will post the recent announcements(like QRLY HLY,YLY results)
in advanced manner pls reply????
Saravana
What is the significance of 15th April?
Thanks
which one is more imp to judge either we reversed 2day from double top,nifty spot or fut?why nifty fut so high at this historic level.
tnx
rahul
Can anyone update about tcs//
yesss blogmated
me too want to know some answer on arpit345 query, me too is confused about that
regards
vikram
2day my nifty pendulum for both side:5308
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NEW POST DONE
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for me larger trend reversed so be care full selling seen at higher level,yesterday nav drama gone.
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