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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
63 comments:
Hourly close below HLEMA, 21-hr SMA.
sir
this 5913-5443 fall was 10 days. this corrective is just
3 days is it possible we rally and spend some more
time in the range. what wud be points to look for it.
Dear Fire!
Upside maximum possible level was 5630 & my experience says that in downtrend market reverse before resistance so i made maximum position near 5580-90 and stop loss was 5630 spot. I hope Vth has started & close below DLEMA will confirm it. I never forget ur words & levels, u r one of the most dedicated person here:)
Dear Prabhat! Thanx for ur Jhappi & congrats for ur profit:)
where is saibhakt?? 5530 aaya
brij,
i am here only.
Dear Sir,
In hour chart there is triangle break out and triangle size is almost 100 point will nity has tgt of 5450-70 soon........??????
But still in triangle in Day chart and waiting for its break out also
@ saibhakt ,, nifty ruka hai,, what next
**** read it as break down
Dear Ananyvrat!
Do u still have any doubt upon Bears power? Its the trailor only, sooner market may show us series of Black candles again.
Dear Brij!
SaiBhakt cant go anywhere, he was just calculating his profits & now planning to divert those funds in real estate etc.
yesterday low @5502
@ kumarji,,, yes absolutely right,, u too have good profit ,, hats off to u
@ PS,
If the minor "iv"th wave is done, it would break below 5500-5475 and move lower to 5350-5400.
If it is "abc-x-abc", then the "x" wave could spend more time before the big fall.
Hence, this 5475-5505 zone becomes important. If the "x" develops with an irregular "b", then this fall could break 5444 and rally too.
2-3 hours of trading will throw up some clues/ confirmations.
brij some support at 5525 level may come
Kumar exit ur puts or shorts....
atleast partially and keep a stoploss of 5580 for the rest...
all i can advice...
thank you
ilango,
waiting your confirmation,
but is there any bullish count possible?
technically seems difficult?
but any support before 5350 may be pause only
@Kumar: Well said ...
5300 puts still at 23. Good level to buy now & sell at 45 level (in case nifty breaks 5450)
I am buying them.
When technically difficult, experience can throw some
light,,,, seniors any advice here?
@Kumarji,
Thanks for your kind words. All I have done till now to have chosen my favorite teachers in this school. Except the Principal, I follow RG, DR and you religiously. I read all your words repeatedly and usually that does the trick. :D
from here on nifty future may trade in discount, suggested yesterday.
Thanks again kumar sir
Dear Brij!
Thanx for ur wishes, definately my whole group is very happy since april expiry. I almost cried before RBI policy & told everyone to sell but most of the people did not short & argued me. U can just look my sell call in this link & that was before RBI policy.
http://tradeinniftyonly.blogspot.com/2011/05/nifty-intraday-update-i_03.html
@ kumarji,, now 5500 put not much going above 82, even nifty making new low just why?
@ Ananyavrat,
If 5475-5500 is held, another attempt to 5600+ is the short term alternative bullish possibility.
Staying above DLEma becomes relevant then.
thank u sir,
one request if its not cumbersome for u. most of the
time when u label the charts there are 2 at times 3
labelling(like in the morning) can u put a remark
that which is ur preferred labelling so we may book
accordingly or take anticipatory trades with stops
accordingly
@ kumarji,, ppl fear with short,, but if one can give buy call ,, easily can buy
without hesitate,,
@PS,
I second your request whole-heartedly.
above 5545 sustain more strength ,, i think,, so bears sit on 5545 ns
Dear Ananyavrat!
Thanx for ur caution but i never hear anyone, always follow my system & that is still showing big fall in coming days. Regarding puts, trust me they are totally free now and giving costing below than zero rates so no worry. I am looking fall ahead so it may be multibagger.
Dear Fire! U r a seasoned person & real down to earth. U r giving credit to others for ur own intelligence..God bless U.
Dear Cooldent! Profit making is ur habit now, keep it up:)
Sensex & Nifty both 10 points down and people have distributed sweets
"MARKET WILL NOT CROSS 5565 THIS YEAR NOW"
haha DR, nice one :)
@ DR
:D
@dineshwa :)LFLGDa hope u can decode it
Richhhhhhhhhhhhhhhhhhhhh
NF prepared to go to discount now?
@SaiBhakt said...
"MARKET WILL NOT CROSS 5565 THIS YEAR NOW"
sir shall we sell everything and go to honolulu?
SaiBhakt said...
"MARKET WILL NOT CROSS 5565 THIS YEAR NOW"
May 10, 2011 2:50 PM
:D
mind it
@saibhakt
control emotions...
SaiBhaktji, do not you think your above comments are very early, even if it would come true...! :)
Some of the statements made here seem to be "far fetched" and not in good taste.
They don't educate, neither empower anyone.
Then, why make them..? Your time - pass may cripple another.
Let us share "responsibly" and not act "Godlike", please..
@ Ilango
Thank you sir for the timely post.
LV
Dinesh Rishi said...
Not much damage done till yet insiders day
May 10, 2011 2:23 PM
Richard
Kangaroo tail formed yesterday
BN is closing above 5SMA
@ dini bhai ,, bn sar pls
Brij no change :D
its NTZ
Dear SaiBhakt!
Sudhar jao, abhi bhi waqt hai...warna tumhare chakkar me sab dukhi rahenge. Always speak with sincerity, its a request from all of us.
sir 3pm TT update please.
Sir- Did the lead indicator turn below 60 after the fall and where is it currently now?
3.00PM updated.
Sorry sir and kumar ji,
but it was not time pass statement, 5565 is break down point, even your chart suggest.
so in my view, market max can go up to that level for retest, not beyond that.
I am not asking anyone to take trading positions as per my view.
Any way no one takes also.
thx Sir..i still belive lead indicator will touch 80 and then we may reverse. I will give one more chance for my longs.
Kumar sir- your prediction below 5500 for expiry is correct but i will wait for nifty to close below low EMA to short again. Thanks for sharing your knowledge with no bias.
bulls surviving to fight another day...
I can understand the pain
those who holding OTM puts
Nifty is in red still their puts will be
in 5 points loss today
Options are WOMD
To handle them you must be experienced trader
NF has retraced exactly 50% of the total intra fall @5551.
Hum Aah Bhi Bharte Hain To Ho Jaate Hain Badnaam,
Woh Qatl Bhi Karte Hain To Charcha Nahi Hota:)
Nifty is down 50-60 points from today's top, its healthy gain if one sold at 5580-5590 band. Evene ILango sir's R1 was there, no encouraging sign for longs so be cautious in longs.
@Fire,
Just came back after powercut. and saw your note on 5600PE.
It was 26.55% 1.pm and before fall it came to 22% and notice 5600 CE also at the last oi post.
From 5592.9 to 5514.55, price retraced 38.2% at 5544.67.
Dow jones sell signal support us ,, i think
12710 below sell signal
tommorow long JNSAr will get
triggered my gut feeling :)
@Pawan any BTST?
Rich if not triggers than
deep cut 4 sure
Kumar Sir,
aap ko 100 khoon maaff
I know you can handle your positions
Your fon call and profile and interaction here is evidence
it was for new traders
Perhaps the iv-th is making a typical triangle with the last upleg pending?
Post a Comment