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 ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
30 comments:
good morning to dear sir & all friends
GM Sir and friends.
JN Chennai Chapter
Thalaivar- RG
Every one would have thought about it,I would be really privelaged to meet JN family in person :)
How about having a meetup once in a while.
Thalaivar Vazgha :)
New day new blessing.
Don’t let yesterdays failures
ruin the beauty of today,
because each day has its own
promise of love, joy, forgiveness…..
Good Morning…
gm sir and freinds
Sir should we take it that if nifty spot clears 5965 intraday probability of 6035 and 6105 is there? Thanks
Good Morning Ilango Sir and JN family.
@ Jayshah,
Just prior to the last rally to 6339 high, Nifty formed a base @ 5935 to 5965. That support is expected to act as a resistance now. Only if Nifty moves past that resistance, 6035 to 6105 or even higher levels are possible.
The weaknesses so far has been in the intraday charts only which indicates larger strength.
Breaking 5855 is the first sign of weakness...next is 5780(weekly pivot).
Market has not shown any weakness in day charts yet. As repeated often, the sell on rises come into force only when Nifty closes below Day high Ema. Have patience and stay with the trend. If not convinced of this uptrend, either stay on the sidelines to look for weakness or breaking out of resistance band or breakdown below critical points. Have them ready.
Any shorting @ "Intra overbought zones" should be done with quick profit booking as well as with tight stop loss.
Managing a small loss is easy than allowing a big loss. How much is a manageable loss...only the individual trader should know that.
thank you so much Sir
Good Morning Everybody!
Dear Crorepathi! Sent a mail so pls check & acknowledge.
Rgrds,
Kumar
Good Morning ilango sir and friends,
Today's Quote received :
“When one door of happiness closes, another opens, but often we took so long at the closed door that we do not see the one that has been opened up for us”
Good morning sir and friends :)
Kumar - Please hold the market upside will join later. Atleast.............. level
Crorepathi - ahaa, u r "eligible" for opening a "new party" in Tamil Nadu hope u may get more capital from big political parties. :D :) (good idea na?)
Wow gauresh, wow - thanks a ton.
Thanks Dr.Kumar for your patient approach towards understanding the problem, it's really rare to see people like you.
Sujatha,
LOL, not only money also loads of harassment
ORB: 5940 - 5906
good morning,seniors..
astrotech rockinggggggggg no if then above below like technicals ...nifty almost 100 points up from yesterdays low .. this is astro's power
GM sir and friends
LV
11961 BNF if taken out next stop will be 12650
SL is placed @ 11650
Intraday players dont touch BN
@All,
My OS crashed. So I need some help from you people. Can somebody please send me the hourly data for last 3 months and daily and weekly data for last 1 year in Excel format? It would be very helpful.
Kodigalin Nayagarae - Aiya therthal nerathil "thalaivar" pathaviya? Ella thalaivargal pattiyalum Ammavidam pogirathu. Matha guru acharyar iruntha arai kaliyaga ullathu....thalaivargalukkaga.
Good Morning Sir and Friends.
Hi Suja and dear friends.
Great effort Sanjay - Commodity education will be a great contribution. Wish all like minded analysts as dear Gauresh,Musti and others join hands together to make a single plateform to help beginners like me.
Thank you Sanjay.
Dear Fire - no tension. Sir's Nifty/BN file contains it,right? Else you would have received it by now from the blessed hands !!!
GM RG, DR, Kumar, Gauresh, Fire, Jay shah.
@RG,
As always, you have brought the most uncommon thing in my world, the 'common' sense. Thanks. Got it all from Master's own files. My excuse, a temporary insanity by crash, not the market though.
@Sanjay,
Congratulations! Someday, I hope to gather the courage to take a jump in commodities inspired by RG, Musti, Gauresh and now you. You are going to be my lighthouses.
@ Rajagopal Sir,
Yes....commodity has proved more rewarding and less risky. Totally followed the instructions of DineshRishi Sir and trading in silver only. Never go for short sell trade in metal and always trying to buy at dip and sell at some comfortable profit. Never kept stop loss in commodity trading, never employed full fund in that business. Kept some funds spare to buy on every decline....Many many thanks to DineshRishi Sir.
How could I forget DR?!!! :P
New Post Done.
dear friends good morning,
can anyone please tell me the meaning of this "kahawat" : "Honahar birwan ke hoth cheekne path"
thank you
Big VOLUME CANDLE can somebody confirm 5960 NF
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