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...
74 comments:
RG
what is the significance of this volume
@Manu,
I said - it may in the making. Check this -- http://nsetracker.blogspot.com/
Dear RG,
Do you have any STBT stock futures as per your TA excel
Thanks,
Revathy
Hindalco breaks out.
My eyes can go blind today or having some serious problem. Now seeing a probable fast rise setup.
There's a rumour RNRL-RPOWER merger ratio to be revised to 3:1.....please confirm!!
Friends ,
A request...
Please voice your findings by way of a request to our master for his validation rather than using this blog for your proclamation of the trend. This will help everyone to go with Masters guidelines rather than creating potential whipsaws.
Hope , you will find value in this request to protect your fellow traders. Thanks...
S NAGARAJAN
Scrip Name Vol 5D Trend
5D Avg
ACC 113 Down
AXISBANK 109 Up
CAIRN 91 Up
CIPLA 86 Down
DLF 126 Up
HDFC 124 Up
HEROHONDA 93 Up
ITC 84 Down
REL 90 Up
RELCAP 88 Up
SIEMENS 208 Up
UNITECH 112 Up
VSNL 140 Up
Bhavan - Volume helps to be with the crowd - long or short. Just don't catch at the top.
===
Yellanti - I am looking at RPower for 184 BTST. Let's c.
Will make the list by 3 pm.
Book Partial Profits.(As per the original view).
The rest will be trailed presently @ 5335.
Hope Mr 2.30 sleeps today.(-).
Nifty can't seem to make up its mind about rising or falling, FIRE.:)
Ilango sir any caution signal??? just asking as u gav book partial.
Thanks
Find yourself find yourself
direction of the MARKET
think yourself think yourself
before going against the MARKET
yoda..
hi..u active with sameer pages too
Some Unwinding at 5300-5400 PE & Buildup at 5400-5500 CE.
@ Bizagra,
The last rise from the low of 5357 to 5453 is quite vertical, typical of a 5th wave.And the subsequent intra fall is of 5-wave kind with a corrective 'abc" seems to be on. Also some negative div & OB daily to "lock in" some profits.
I like keeping his 5 min pivot chart around, manu. Its got a good a/d signal. But its overrun by advertisers and mumbai tipsters, so no meaningful conversation.:)
hi friends,
Watch ONGC future is below MySAR_A level of 1279 at present.....
-gauresh59
RG today if ONGC is down with70%volume what does tjat indicate sorry to really bother you but please explain
Ilango Sir,
======
I have no position in Nifty future. Please advice me what to do
Thank you
======
yoda..same here the day i started trading technically..its always on.
What may be the possible target sir
Me too, Manu.:) Jay or Ilango put me onto it, I've never had it off since.
Hai everyone
Nifty 15 minutes chart with support and resistance lines
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-15-minutes-chart-with-support-and_14.html
Thank you
Bhavan - as u know volume denote participation. If counter goes up with good volumes, uptrend may continue and vice versa. So ONGC is going down with volumes - it could be partial profit booking, since it is on an extended uptrend. I compare the EOD to Low price to understand recovery from Support levels.(just read my views as roadside wall posters - they have only that much value).
@ manu, yoda, can you share the link of the 5 min chart?
http://www.niftyforum.com/?q=niftyintraday <-- here you go, satheesh.:)
Hi Ilango,
If we go by the fractal nature, we should have one more pop-up
tomorrow.
Thanks yoda!
Sateesh
http://www.nsetracker.blogspot.com/
http://www.nifty.stockmaniacs.net/
Yes..GG, That would satisfy the 5500+ target.
You are absolutely correct. That would complete a wonderful "fractal".
And "KKay" would smile BIG.
As far as 5350 holds no worry for bulls, try too smart
towards market always leads to loss.
Give some points to market to breath well, don't change
your views frequently.
STBT
Scrip Name Target
ACC 800.60 *
CIPLA 329.45
GAIL 459.10
GRASIM 1793.52
GUJAMBUJA 109.29
HCLTECH 352.83
INFOSYS 2718.85 *
ITC 295.18
M&M 607.80
ONGC 1235.24 *
POWERGRID 99.92 *
RANBAXY 448.51 *
REL 1133.08
RELICOMM 182.14
STERLITE 165.14 *
BTST
Scrip Name Target
AXISBANK 1342.53 *
BPCL 731.06
DLF 331.14 *
HDFC 3166.84
HDFCBANK 2137.46 *
HEROHONDA 2031.82
HINDALCO 158.04 *
L&T 1920.50 *
NTPC 202.58
RELCAP 811.31 *
RPOWER 181.08
SBI 2504.36 *
SIEMENS 755.50
TATAMOTORS 826.15
TATAPOW 1352.95
UNITECH 86.50 *
* Denote OB/OS caution.
@ satheesh,
Besides sameer chart its SCO value also superb.
Today it is on 97 means a great chances of falling of market
In the morning sameer advice to book all longs as per his
SCO values.
I many times trade as per hi sSCo value & able to earn also.
Beside today also I short 1 NF @ 5425 after Illango sir
msg to book out partial longs.
Hai everyone
Support line in 15 minutes chart is broken
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-15-minutes-chart-with-support-and_14.html
Thank you
Ilango sir, any close below day low ema can b used for
initiating conservative shorts now?
Thanks
Rg
mixed feelings for uni..
vol supporting but nt the OB nature..
help:(
@ bizagra,
That is still far away.
If it closes below 5396 -an aggressive sell.
Ilango sir i mean day high ema...
Dear RG,
How is volumes in RNRL counter and is it good carry longs overnight?
Manu - Uni is in Day OB. If it corrects further before eod, may negate. Will check at EOD.
Going for flat to -ve closing !!
Hai everyone
Nifty is trading below yesterday's closing prise.
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-15-minutes-chart-intraday-update.html
Thank you
Yellanti - still trade in RNRL ? Anil Ambani will be proud of you.Get out. (unless u believe rumours) -it is a shell company. Traders delight.
===
PS : 2.30 woke up today also ?
Ilangoji,
Can I sell BN here?
I have 2000 quantity of RNRL bought @45 during RIL-RNRL
SC judgment delivered and still holding and missed to book
above 65..
@ Fire,
"Selling" should have been on the break of Intraday low. Not now.
@kumaraguru
Thank you for your kind guidance.
I am safe now, timely help.
regards
SRYAS D MURALI
yes rg sir,
opened gap up closing down . is the uptrend over???
Hello Friends,
today is the 36th day from the low of 4786.. last upmove lasted for 38 days and this upmove should complete by tomorrow.
detailed pattern posted here on 29th June
http://tradingontechnicals.blogspot.com/2010/06/nifty-should-end-its-upmove-around.html
this pattern invalidates above 5520 or new high made after 16th July.
Thanks
@ all
Don't short instead try to enter @
support/dip
kk
sir can i buy for btst?
If Nifty breaches 5358 and closes below 5396, Exit all Longs and create some Shorts too. (1/3rd)
ok time for looking on sell side
@kumaraguru...fantastic observation...can i request you to make us all understand how you had spotted this fall ??
regards
tota
u do good wrk..booked uni na..
watch the fall its on High Volume
@ToT-Amit
Agreed....expecting last upmove tomorrow.
Not carrying any positions....will short at higher levels or below day low ema.
Ilango,
Both the conditions should come into play or only a close below 5396 would suffice for closing longs and shorting? Pl reply asap.
thanks
Yes Manu da,
booked it yesterday only
tota..
me day before..:(
@Bizagra!
Are you holding Agggressive sell?
i think a b c cosolidation..then upmove
Hai everyone
Dow Jones closed below its 200 day moving average yesterday. If it gets resisted then that may put an end to the rally in U.S. Markets as well. I am posting the chart of dow jones which hits the 200 day moving average and an important trendline.
http://niftychartsandpatterns.blogspot.com/2010/07/dow-jones-hits-trend-line.html
Thank you
@Prabhakar
1/3 quantity
@Bizagra!
Thank you. I am also 1/3 quantity
Theiveme Theiveme, nandri solven Thenivema. I exited from my longs and safe.
Thank you Sir and All.
@kumaraguru...fantastic observation...can i request you to make us all understand how you had spotted this fall ??
regards
@San
Thanks for the dow chart :)
Bye Sir. Bye Friends.
Sir Tomorrow's PMV super imposed on a cake with HBD-JN ?
Today's S&P is crucial. It is at a big resistance zone. Intel had great earnings. And today FII data will show whether this was profit taking from retail longs or FII going short.
@ manojag,
As stated yesterday, "a close below Day high ema(5396)" would warrant a sell - 1/3rd qty.
The above message " If Nifty breaches 5358 and closes below 5396, Exit all Longs and create some Shorts too. (1/3rd)" - means a perfect bar reversal which would mean a strong reversal and hence to exit all. However, that criteria has not been met with.
Staying above 5-ema has bullish possibilities in the short term if it can hold 5335 or 5355 tomorrow opening.
Market came down with good volume.Total Turnover for today = 1,04,304 Cr.
Time met, target met & i am not fully short :-( :-( :-(.. i do have my Aug 5200 puts that i built up since yesterday but no short futures that was planned .. may turn out to be a blessing in disguise though
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