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 ...
35 comments:
Dear Seniors,
I am learning JNSAR system.
I have a basic question regarding Hourly JNSAR.
As the latest hourly JNSAR is 5313 from the tech table.
Can i initiate a short around 5313 with SL 20 points?
Should i consider any other thing or wait for next hourly closing below 5313?
@ashwin. If new read about jnsar and try and follow day jnsar
@ashwin - HJNSAR is prone to many whipsaws. Still
with good money management, one can make many points
there too.
@ashwin - Listen to DR. Seriously.
Ashwin
If Day JNSAR is long
avoid short trades and when JNSAR short avoid long trades
Trading less makes bank balance healthy and trader wealthy & wise
It will be trade against trend, can be rewarding
but chances and RR are not in favor.
Maybe nothing important - In 5min chart, lot of the
candles have long shadows at the top. More sellers ?
@Ashwin - yeah..i second GD's view..follow DR seriously..follow me "jokingly" :D
A long term investment is a short term investment that failed.
A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn't happen today!
Q: Why did God create stock analysts ?
A: In order to make weather forecasters look good.
Enjoy the day. :)
nifty is trying to fill the gap and the island that appeared can be vanished in few days
@cooldent,GD,DR,
Thanks for your valuable inputs.
http://www.youtube.com/watch?v=GhGhKVuqdew
its look like we may close at 5250 or so
Ashutosh Agarwal
Thanks
but it will be so nice if you explain
"or so" also
GM Everybody
SBI recovering fast so shts be cautious I do not know much abt BN but DR can u throw some light your 5 fig. still stands?
Bhavan
Todays Low should hold
5 figure and at last three figures will be 500
BN trading in green now :D
"Baton" is being transfered from IT to BN. BN has held HLEma less 30.
Thanks DR have bought SBI @1840 have invested first time in it with a sl of 1740 so now watching it regularly but do not know much abt its movements
Is there a way to know tomorrow's Nifty JNSAR?
@mylife - 5142. It is there in tech table(TT).
my life my trade. 5142 as of now. Its there in the TT table
Bhavan
refer : http://www.4shared.com/document/oGW-s1Mh/01SBI-TA_by_ilango__3.html
for SBI
Bhavan - SBIN spot - 1861/62/65/78 is impt. crossover will give1894/97/1902 this is my trading level for today.
Namaste Ilango sir and all,
Sir, If BN moves past 9960 then is it an Inverse Head and Shoulders in Hourly chart??
@DR
Any updates about your TA book that you had planned around Diwali?
Nice impulse wave C down from Friday. Now appears
another impulse starting for Wave 5 to 5410 ?
Thanks DR and SR
San,
Can you please give your update on Bank Nifty?
If new impulse starting, possible EW numbers
5317-5339, 5339-5325, 5325-5382, 5382-5360, 5360-5417.
@dinesh rishi
month ema at 5250
today monthly closing
Dow futures -100
thus weak closing.
Master 5318 holded till now
lets see how it behaves when Europe opens
@Bhavan - after seeing DR's comment i deleted mine, but u read it?? :P anyway check mail. personal view sent
AJ
its at final stage
Technicals covered now writing strategies
Likely finish by this weekend
and from 7th Nov, Guru's Pratyantar Dasha will start
so lets see if I can complete it till Monday :D
Ashutosh Agarwal
Thanks once again
Plz post you views also with tgts like this :D
Namaste Master & Friends...
Just received message on Gmail chat..
Yesterday Gauresh ji met with an accident
on bike and have some injuries on right leg..
Dear Gauresh ji wish u very speedy recovery...
Thanks DR :)
New Post Done.
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