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 ...
34 comments:
Hi,
What should be SL for my Intra short? Day Ema 4998 or
hourly Ema 4993 or Hourly low Ema 4981.
Ilango
ur view
Bank index looking weak.sell on rise.
Anuj
Yesterdays RIl drop to 840 was not by mistake
it was due to uk redemption pressure.
FII Name BLUE RAY
Heard from some where
@ Hemant,
"4960" has been holding well and below this is 4925-4935 - a strong support.
Keep booking partial profits. If Nifty behaves as suggested in the PreMarket view, it may pause here.
@ learningEW,
BN has done a H&S and broke the trendline at 9300(Future) and pulled back towards that and fallen sharply this week.The likely target is 8600 or lower. It could pause for a day or two & may resume down.
Ilango sir,
Its my great pleasure that you gave me a full strategy
for my short but what SL should I have? Day Ema or
hourly Ema or Hourly low Ema?
Hi Ilango ji,
I have bought BN at 9050(future not at 8990).
So the inverted H&S has failed and going south?
Shall i hold for some days or exit?
Thanks
Gnana
if nifty closes above 5005 it will close above 5 ema
Ilango,
GM, If BN is to fall by 400pts than Nifty would also fall by approx 200pts.
best
@ Hemant,
I repeat: there are two possibilities @ work as suggested in Premarket view. While you wait to stretch your profits, keep 5025 as SL.(+20 of HHema)
@ Gnana,
BN has a perfect sell. Exit on the bounce. Future may clear 9048.
I do not monitor BN so much during intraday.
Thanks sir
@pawanji
GM just for learning your strategy of EMA R U still
holding SAR lot of yeserday as the close-4970 is Above EMA
4963 pls reply i m learner
thnx
kk
@ Manojag,
Nifty moves have been broadly influenced by banking stocks lately with their extreme moves.
For BN, 9300 should be the SL for positional shorts. It has so far followed the H&S pattern and in its last stage of completion. If that happens, Nifty too should move to lower levels.
For Nifty, 5160(+/-) is a crucial level.
Entering intra longs here with SL @ day’s low
Thanks Ilango ji for the reply.
Dear Mr. Elango
Please guide me about TATA STEEL shall I buy at this level or short. below 480 really weak for this stock ?
Kindly reply me.
Ilango sir, i m totally confused,i booked one and keeping 5025 as SL for remaining.
I think break of 4895 or 5070 will clear trend.we can short below
4895 or long above 5070.plz clear?
Thanks
Dear Mr. Elango
Please guide me about TATA STEEL shall I buy at this level or short. below 480 really weak for this stock ?
Kindly reply me.
Dear Everyone!
Mr.Ilango said so many times that he does not follow individual stocks on intraday basis then we all should behave in some responsibile manner. Why we are asking again & again about Tisco to him, don't take it otherwise but this is not a proper thing to do. He mainly focus on Nifty so we should try to focus there or trade in individual stock with our own study. Mr.Ilango, i m sorry if i m wrong.
Rgrds,
KUMAR
@ Kumar,
Thanks for clearing that issue.
@ Sryasdmurali,
I am pressed for time and under such a situation, I do not wish to give you a wrong suggestion.
All my studies are manually done and not with a software. To give accurate assessment, I need to study the hourly too.
@Kumar
No need of own study also for like me people. RG is updating all nifty stocks details every day. It involves lot of pain which we are not doing. For example Bank Nifty Sir updating Stock wealth every day.. How many people have taken positions on that
@ All frinds
As i am a LEARNER pls guide me for the meaning of
VAH POC VAL from where i get education on it.
thnx
KK
@ Sryasdmurali,
u cn get tISCO on stock wealth blog..
@kumar
thnx ..i wil also thngs n my mind..
rest u didnt replied 2 my daughter squint problem
any hompathc solution
@kkay
Please visit following blog for information on market profile:
http://vtrender.blogspot.com/
They have a market profile classroom link which is pretty good.
Regards.
@ r m
thanks a lot for a guide
KK
Dear Manu!
I replied that day also,perhaps u missed my reply. Homeopathy is not a disease oriented pathy, its Patient oriented so i need very detailed description of ur daughter, only then i will be able to help her. My id is FUTURESFINCAP@YAHOO.CO.IN & u can directly contact me there, definately ur daughter will be benefitted by homeopathy.
Rgrds,
KUMAR
Dear Mr. Elango
Sorry sir, Hereafter I will not ask individual stocks later, like Tatasteel-Index movement related stocks.
thanks for your reply.
THnx Kumar
i will mail u..
i missed tht day
"9-Rsi" giving a "buy" indication.A 12.00 Close above 4992 would be good.
@ Sryadmurali,
Keep asking. If I have an answer, you will get it. If not. No answer.
You can attempt a long in Tata steel with a strict SL of 477.
Dear Sryasdmurali!
Hats off to ur spirit, u took it positively. All bcoz of this, Tradeinniftyonly blog is the best blog of current times. Every member is contributing positively or silently observing, but no negativity or ego-clash here.
Rgrds,
KUMAR
its a photo finish again sir
i dont think it could close abo ve 4992 @ 12 , but still 4990, is it good enuf for bulls
thanks replying
NEW POST DONE.
check 4900 pe...
i believe 12.00 close is 4993 :)
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