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 ...
46 comments:
@master
heading should be
5228 5DEMA- below this weakness- st down.
forgive if wrong.
@ Pankaj Shukla,
I have been marking your comments as "SPAM".
I hoped you would have understood by now by my actions that your views & style is a disturbance.
And I hope you do not post anymore here.
ORB broken on downside.
SIR, today open and hi is below yesterday low.
@master
godfather please calm down please. sannata ho gaya blog main.
Respected Ilango ji
I have made positional longs today following the conservative
trade setup. I am keeping SL as 5195.
Shall I modify the sl to 5180 or ? Please Guide.
Regards
in premkt view 5202 ns JNSAR - can it be taken here?
(NS at 5199) or wait?
Ilango ji,
What are the possible targets for sub dividing wave iii?
mondays gap nearly filled in nifty,bank nifty and midcap index
Master ,
Weekly LEMA @ 5192 still protected but dlema broken.
Is it correct to be bullish till wlema holds..pls advise
@ Sonyvictor,
I have clearly stated "my concerns for downsides if it opens below 5215".. The ST Technicals are down and Day TA too likely to turn down. Stay short with 5240 as SL.
OR wait for a "intraday bounce to initiate shorts closer to week pivot @ 5237.
monday gap nearly filled in nifty,bank nifty and midcap index
@ merc9000,
Below 5180(the 80% of the last rise from 5155 to 5280), it is likely to be 200sma(5125-30) & 5092 Mth JNSAR.
Hawala level 5189
@ chanakya,
We spotted the weakness @ 5280 yesterday and suggested "5281NF break" to be taken as a sell signal/ weakness.
Above chart's lead indicator (Hour)showed "turning down" while the week trend being down and day trend not having momentum).
For buying, the only possibility is "protection of 5180(80% of 5155 to 5280) but I doubt the same.
GM Master,
today SL of 5195 hitted to JNSAR Long on Monday
What Next?
Looks like taking support at WLEMA and also the April settlement price
Hi Moderator,
Thanks for the morning pre-market post...i am a beginner on TA so do not understand fully the tech table...I have read "Tech. Table Reading." post...but where can i read JNsar interpretation???
Ilango ji, What are the settings that you use with the
Lead indicator ?
Master,according to your post market view after the short
term reversal till 5280 Nifty closed below the Hemas and
this weakness is because of the second wave correction
which should restrict to 5195-5215 zone.Now since nifty
presently holding 5189 as todays low can we assume that
the wave-3 has started up and go long?
Friends,
Since the last few weeks there have been so many JNSAR triggers... Let me admit that I have not made money via JNSAR trade... but have I lost faith? No.
Remember the rally that we got in January? Also do you remember that JNSAR was the first system that suggested a buy at the beginning of the rally?
These are testing times... but hold onto the system. Though times don't last... tough people do. Show resilience, show patience.. and have faith in the system. JNSAR is sacred, and this has been proven time and again.
(Dear Sir, Kindly remove this post in case it might hamper our group's growth)
Sir Does probability works in technical
when ever EXPIRY close on Last DAY
15 Times ( from 2002 to till date)
1 time closing on low (jan 2008)
1 time closing on doji (jul 2008)
13 times TOP of the mnth
TREND CHANGE DATE
1 time 8th of the mnth( 8 jan)
1 time 13th
13 times 20-22
GM Ilango ji and friends
Kindly peruse
1 5343 - 5154
2 5154 - 5280
3 5280 - running upto 5090 in 2-3 trading sessions
@nilesh tiwari,
u can search jnsar in to blog to see posts related to
it
A chart of USD-INR - http://2.bp.blogspot.com/-CnG_mxjXrLI/T6IQvKRfm8I/AAAAAAAAAsw/yPfbOCV6U-Q/s1600/USD-INR+2HR+030512.jpg
GM Ilango ji and friends
Kindly peruse
1 5343-5154
2 5154-5280
3 5280-running upto 5090 in 2-3 trading sessions
sir,
my answer to nilesh comment not visible
@ Nilesh Tawari,
Under "Labels" section, click on JNSAR(12), you'll get 12 posts of JNSAR related articles. Start with the earliest post to understand them better.(Not the latest first)
@ PS,
I can't find any of your "reply to Nilesh" comment.
Oops like today, I am on the firing line of SPAM BABA... OI has been updated at 11:00 AM
Thanks & Regards
Master,unfortunately my comment is not seen. According
to your post market view has the C-wave started after
the wave-2 correction upto 5189?
ok sir,
browser gave message "ur comment published" was not able to
see so i asked
Test Msg...
@ PS,
I just released a lot of comments from the "moderate section". Blogger's new format is a bit of confusing now.
Master, awaiting your reply.
Thanks in advance.
5189 per sahara milega kya
@ SANPOT,
The present Technical set up does not suggest of a reversal possibility.
5220-5235 is the immediate resistance and if manages to move past 5237, then 5250 is another major resistance.
Hour TA is trending down. If we spot any +ve div, we'll consider them at that point.
Amol
http://www.youtube.com/watch?v=efTZgG_VKSQ
Thank You Master.
gud morning sir and blog masters,
if nifty bounce from here we can see 130 points from
here.
Fire sir,
UR view on Nifty is misssing since 04th April 2012
When u start posting ur view on Nifty?
Itana sannata kyu hai bhai ???? :)
Ilango ji,
Can u plz provide the stochastics parameters.
New Post Done.
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