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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
47 comments:
Sir,
Thank u very much. Yes, i am always holding the 35hr only which i am very comfortable and knows when it will turn both the sides. :P never experienced 9 RSI.
Think Satheesh is the one following this if i am not wrong.
and thanks for the 35 hr chart.
DR-ji - what is this BN 111111111111 going on?? :P when it will stop? :)
@ Learn to Earn,
5570-5605 as acted as resistances on few occasions in the recent past. Once Nifty moved past that to reach 5944 but subsequently fell.
It is possible after few attempts, it could clear this time after which an all important Trendline resistance is at 5700+. Any serious uptrend has to clear that hurdle.
@ BNS,
"5600-5635" is an excellent "Part booking zone and even an aggressive sell area with a small SL.
.
Sir me too also quite comfortable with the 35HR Chart. Thanks.
no short signal generated yet in 30 min charts with 10,20 emas.
Dear Sir,
Thank You Very Much.
Profitable trades (especially unexpected moves) clouds
my judgement :(
GM Sis suj
DR-ji - what is this BN 111111111111 going on?? :P when it will stop? :)
I asked my asto uncle he said
after 11:11 AM likely to stop Lolzzzzzzzzzzzz
DR :))
triangle closed to be broken in 2 min charts. lets see if its upside or downside.
*close
Buy Nifty 5400 Put (July) @ cmp 46 & also buy
same quantity Nifty 5800 Call @ cmp 40 & hold,,,
This is for option players...
rajapvt
what is breakout point?
as every call should have SL
you must give breakout point for straddle
Stoploss is half value, target is double the value.
DR-ji - :) :) i had a bad dream nifty breaking 50sma then gone to 20sma :D
lolz
मेरा भी यही सपना है, जय सुजाता माता!
गलत जवाब
OptionOracle
http://www.samoasky.com/
test your straddle here :D
भूषण तथाअस्तु
ॐ तत सत
DR: I use this tool, but this call based on previous
experience...
time to book profits...
nifty short stopp loss
Namaste Mates,
Buy Nifty 5400 Put (July) @ cmp 46 & also buy
same quantity Nifty 5800 Call @ cmp 40 & hold
------------------
total call cost 86
Target double i.e only one can double and other will be zero which would be either 80 or 92
max profit 6 points as per statement if at all break out or break down happens
Crorepathi: Target is double the money (approximately),
not just the points, Just add this in your list and
WATCH.
intraday weakness only below 5483 nf
Rajapvt, i totally agree with this trade
money will be double if
July expires above 6000 or below 5200
in between 5400/5800 amount will be ZERO
Nifty @ Resistance line: CLICK HERE
DR: Stoploss is half the value, usually not required
for this specific trade, you get your doubled money
before expiry itself.
Thanks Nilesh, it is proven trade (previous experience).
@DR
You r calculating, With respect to expiry, but Rajapvt is considering the scenario where if nifty move towards 5800 then rate of increase in 5800 call will be more as compared to 5400 PUT decay, since delta of call will increase as mkt rise, so he may b right in that sense.
it is proven trade
ha ha ha ha ha ha ha ha
now we get calls with guarantee
keep it up Bro, I dont want to be but have to be rude
many have met their fate who all were advocating 4800
Now below 5570 imp
DR,
Bad habits die very hard. Despite ilango's request we will keep posting calls.
Sunil
@Ilango sir,
if Nifty goes above 5700+ then what will the labeling for this
corrective wave? explain in your free time sir. Thanks in
advance
Friends,
I feel we are again getting into the calls and tips modes. Please lets just concentrate of price action and tech table
DR: Never mind, you trade as per your experience,
Just keep in the watch list, if you see the double
money, think of this proven strategy. There is no trade
without even risk,,,,
3 Gaps on chart
this time, it may give a break past the stiff resistance
around 5601-5. The ideal shorting level is 5630-32.
CLICK HERE
Sunil & VS: No distraction from TT, this is for the
benefit of option players only. It is not a tip/call.
Check and trade as per your understanding on options.
Vix still negative (-1.40 % )
briji sir,
vix 19.25(-0.24) in my system
What is this price watching which becomes a prime factor in preparing a trading plan..?
The charts, where in the prices are plotted, shows you cluster areas where index/ scrip meets with selling pressure or buying supports. You spot the clusters prominently in Hour charts or lower Time frame charts.
One such cluster is "5605-10".
Now if you combine few other studies such as Tech.table, for eg:, it has not given even a "sell on rises" as it has not closed below HHEma(5570). So if you initiate a "sell trade" here based on previous history, it is an aggressive trade, requiring tsl.
TT also shows you the next number Nifty has in mind which is monthly ema-5659 relevant tomorrow, provided it holds above HLEma or DHEma(5540-5525)
Since the rise has been sharp, it carries with it the momentum to push through resistances.
As a classic TA follower, you observe "Negative divergences" developing and it can continue for some hours during which more highs could be made.
As a EW follower, the minor waves of the "supposed vth wave could pose few challenges at sub (iv)th.
Know your study well and be conscious of the reasons that you initiated a trade and act to execute your SL diligently and "Always part book". Never damage your wealth.
If it is aggressive, know how it is to be executed....
DR - LOS is better than SOS??!! looks like..thinking of LOS a lot purely experienced :P but very lateeeeeeeee....discipline's another name 'DINISH RISHI"
Raja - don't mind..it's better don't mistake DR'ji. lot of hidden messages in his posts. as he never gives calls or anything..but if we got the right point then it's fine. i am not advising u. but realizing the fact.
Ilango sir,
Is there -ve div in MACD & 9-RSI on hourly chart??
@Ilango Sir,
Excellent teaching. Please keep posting many more as & when relevant.
Thanks again.
Chandra
Sujatha, Not taking anything as negative over here,
It depends on the mindset that is developed who see
the information, I shared as it could be beneficial to
the option players (they must be knowing what options
and how the trade works in options).
brijsolution
nifty 5632 level selling stop loss??/
New Post Done.
options are dangerous for small players
so trade carefully and protect ur capital. better
stick to one system ie jnsar and dont distract urself
Historical results prove JNSAR has never given negative
results on a monthly basis and all other stratergies have,
so why venture out with new ideas, stay with the proven one.
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