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 ...
31 comments:
Dear Sir & Friends:
Good Morning to all of you.
While going through the old post i think i missed few important events
One is Master Birthday- belated Happy Birthday To you Sir!
Second JNSR Trade - killer movement.
Hope every Body is enjoying the trade except me:(
hi guys,
gm
Good Morning Sir and Friends
Good Morning Sir and Friends.
Onion 248/kg,Petrol 100/Ltr, Milk 67/ltr...
Projected prices in 2020.(ET today).
(Simple - make more money).
Wt a sell off!! No bottom??
Good morning Ilango sir and all,
Sir, NS present low has just touched the trendline drawn from the two lows of 5690 and 5721 in Day chart. what are the chances of bounce?
@ RG,
Humanity has lived through many such inflations..
For traders, it is an opportunity(especially the onion traders).
@ Satheesh,
Just as we challenge the resistance line by selling, here too challenge it buying a small intraday qty.It would have started off your day with 25+ points.
@ Satheesh,
Also be prepared for another trendline support @ 5785 if you join 5690 & 5721 lows.
Yes sir I did take a chance and bought at 5841 spot!! SL at days low :)
Sir, During the days I do proper Homework, I am able to trade intraday - against trend more confidently - lesson learnt from you!!!
Good Morning Sir,
What about Bank Nifty?
@ Satheesh,
If it holds 5850 in the coming few minutes, it has some upside potential.
If starts to trade above Friday's low of 5884, more intraday strength.(So 5884 is the first resistance; 5906-days high next res; 5946-day pivot, the next.
@ Dinesh,
BN has held more or less 10950 and hence a bounce possibility.
Day's high 11008 is same as Friday's low and then 11107-day pivot are achievable.
Above them, strength.
Yes Sir. "Survival" is the best strength of this Animal. Another point made is Chennai will be the second least "Inflation" prone city in India. Atleast I did the good thing of not liking onions and Sugar early.
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Is it sell on raise? SBI fighting for Honour?
@ Satheesh,
The high probability days are those "Extreme condition days" in the short term.
Plan or Method and Discipline are the only two factors you'll ever need to "extract worthy earnings from the markets".
Gm Illango Sir & all.
Covered 1 more Nf Option Hedging strategy with
255 point profit.
Thx to all.
Thanks Sir !!
@ Rajagopal,
In the very short term, it is oversold in "Hour T/F".
5785-5835 are the two critical supports.
Day is yet to show a bottoming confirmation.
This Jan.11 looks to be a big fall one and 5-8 days of sideways trend possible before the big plunge. This is an opinion which is biased but will change it if I see any contrary occurances.
So far the big ones' like LT are falling as in 3rd wave. Will keep an eagle's eye on things.
Rsi in 30 min chart went up to 8.
Go long for an intra bounce up to 50 points.
Nearly 5900.5920
Inability to move past 5880 & then 5906 would weaken it further with a confirmation of a break below 5860/5850.
Trade with caution in the counter trend trades.
These utterances are for intradayers only.
Good morning Ilango Sir and all
Crossing 5880 gives the 1st indication of intraday upward bias.
Good Morning ALL
Sir,
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I covered my yesterday's short @5860 NF initiated @5930NF
Thank you Sir for your Analysis.
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@musti1780,
Previously I earned 40 points like this type of statement. Let us see for up move.
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NEW POST DONE.
Thanks a lot for your detailed view sir. Will definetely keep an eye on the numbers you have given. Also one small request. Please upload the stock files. It has been quite sometime.
Anybody have views on yes bank?
HELLO SIR CAN I SHORT NIFTY EVERY HIGH..... R U SURE NIFTY COOULD REACH
5400 COMING DAYS..PLSS REPLY CAN I SHORT NIFTY EVERY HIGH..OR OTHERS
there is an IHS formation at 5847/60. a sustainence
here= will trgt spot 5940
manoj bhaiya= app theek toh ho??? saree calls khareed
k???
illango sir, cud u please comment???
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