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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
72 comments:
Near the target: 1 Hr 30mtes to go...
Rising wedge to be watched...
4862-50Sma is a critical number
@Jayaraman - forgot to add - If NF resisted @4889/90 then 4906/44 atleast possible, higher target don't want to give i will compare with NIFTY spot.January 12, 2012 9:42 PM
follow up - taken out 44 again will give surprise blasting upside. but as usual itching for -70 pnts in NF if sensex not cooperating. damn busy :P will try to say Goodevening in "night"
SAM - @Sujata Sis.... you can also come with her.... :)D
January 12, 2012 10:19 PM
hurrey no Probs..but please buy "separate tkt"for me v both can't travel in "one tkt" hehe dont try to save money. then u hv 2 count 1,2,3,4,5
PS : I am seeing sir is very much struggling..my presence is not "here" hence blog is giving trouble???
Bye Happy week end to all :)
"
4858: DHEma
4876: WHEma;
Profit booking…
Close prices would alter the TA set up"
Is it a reversal now ?? expert please guide me
It is back to FREAKY (Spooky)Friday
@Sujata... :)D
Is it a reversal - Possible based on rising wedge, OB Daily TA and some -ve div in Hour. But only the close prices would confirm.At Target, you book out. Aggressives would have taken their shorts knowing the SL. Conservatives would wait for a signal
@Golfdude, you had projected 4904, NS came very close to it (4899). Good call.
And now below Sir's critical number.
GA , Pranam Ilango Sir..today you are batting
like the Australians..
Thank GOD I exited.....:))D
dare & SAM
Plz dont share your trades
lets only discuss about trend
Thanks a lot
@DR sir... DELETED.
oh my god weekly tussle alongwith 50 DMA...'n' no of levels coming in here...???
http://www.vritomartis.gr/en/index.shtm?gclid=CL_dov7OzK0CFUIa6wodQzXthw
hehehehehe Result of fifth alphabet x 2
ROTF LOL!!!!
Read ....
angree... angry
Ilangoji, is around 4840 spot, the breakdown point for the rising wedge?
Let's sit idle for one hour.
At 4848.30, Nifty has completed a "5-waves". One could either sell at a 50%-61.8% retrace -4874-80@ or at the break of 4848 which may or may not happen today….Also one could wait for 3.00PM TA standing to take a call
Nifty Four hour chart: CLICK HERE
SAM
You are the Hero of JN
Dil par mat ley yaar :D
Every body Know I never share my trades
नजर लग जाती है
Rising wedge breakdown point is, interestingly, the Day's Pivot & Low 4835. This is based on a steep channel redrawn today. Based on the last two lows, it may be around 4820
Thank you Sir for guidance and San thank you for the nice chart.
Ventured into puts seeing nifty resisting @4880 levels. Covered then all @4855 since I am not convinced about the trend - up or down. Though protecting the existing profit is imp than dreaming about more profits. Gaining confidence learning from you experts.
Its very tough to trade in such mkts where there is no clear direction. 4825 - 4885 seems to be like no one's land.
@SAM,
You are really a Innocent chap, Dear.
@Tigar.... Kyo meri kheench rahe ho ji.....:) D
HrJNsar is down now 4844.
@Ilango Sir ... Great.. it taken support... exactly near
4835+
Nifty goes up or down, 4850 is there to pull it back:-)
@SAM: Ok I might have revealed some more in my earlier message of BN since that was the 1st time I entered BN trade.
But my sincere requests is that we are getting too cryptic here. Sharing trades & others learning with that - I leave it best to the blog participants/followers. But in my last message I have shared entry & exit points which kind of reveals support & resistances which again indirectly reveals the trend. I see it perfectly ok unless I am asked my Master not to do so.
@SAM,
Mala ashi manse far avadtat.
Bye the way, help me out on how do I comment here in Marathi?
@Prabhat I am not saying you are wrong....
Pls don't misunderstand me.
Innocence chaild....
http://maryabbottchildrenshouse.files.wordpress.com/2010/06/pure_innocence_by_loolah.jpg
Ilango sir, if nifty closes above WeeklyHEMA, then would it be bullish for the next week?
Prabhat
please avoid posting your positions
Now Happy SAM
काय कसे काय बरे आहे काय? धन्यवाद.
Use Google Transliterate....
http://www.google.com/transliterate
फार बरे वाटते. वाव, मला जमले. धन्यवाद् . शामराव.
Hour chart: Nifty resisted exactly at channel Top
http://2.bp.blogspot.com/-G47Eu022vaI/Tw_zeHiu6VI/AAAAAAAABNg/xe5c-EcnCdo/s1600/13+jan+Hy+chart.bmp
सऍम भाऊ
Dear SAM!
You are PHARMA expert.
You are IT expert.
You are NIFTY expert.
You are BN expert also.....my God...aur kya kya hunar chupe hain aap me huzoor:)
@DR Sir... Sent mail.
Check it with your own time.
Surprise
@DRSIR shorted 2 times? How?
Kumar Sirji... kya Sir... Phir se Chane Ka Zad...:)D
Dear Jignesh!
Not only shorted but both trades in decent profit too:)
Bye. JN family. This weekend I am off to Mysore to visit the Palace, Balmuri falls, Rangathittu bird sanctuary, Art Museum, etc.
Have a nice weekend everybody.
@Kumarsir JNSAR is long and DRSIR shorted?
Profit To hona hi tha but Reason must be good learning experience for me.
Till a valid Sell signal does not emerge, keep booking out of your aggressive shorts. Trend remains UP till the prices close below 5Sma/5Ema
@Prabhat... Have a happy Weekend.
Trying to close above WHEMA
Aggressive short to hold here possible. Reason ?
4899-4838 - w1 ( clear impulse )
4838-4868 - w2 - 50% retrace and a zigzag
So one can take a chance that a gap down w3 is possible.
Again aggressive.
bank nifty at res
WHEMA 4875.55... look like close above it... turns
Week TA up.
4876 is 62% retrace of 4899-4838
H&S pattern in bank nifty..below 8940 trigger
Thanks a lot master have a good weekend !
Nifty retraced to 61.82% of the fall from 4899 to 4838 @ 4876. It could go higher if global cues help.. Only above 4887(80%), the negative bias disappears.
Close coming between DHEMA and WHEMA
Adjusted could be around : 4866.50 (+/- 2 points)
Have a Happy Weekend to Master and all Blogmates
Bye all.
Sanjay Sir,
You r Great..
Bye Sir and all blog mates
bye all
phir milenge chalte chalte
In spot I see: peaks at 4866, 4896, 4866. With double bottom around 4835 level. Can one say this is an example of Shoulder-Head-Shoulder pattern?
Italy Downgraded. US market negative. Monday we could see gap down
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