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 ...
48 comments:
Dear DR
Yes Sir, that is the crux of trading and also investment. as a seasoned trader you know quite well reversal setups to find bottoms and tops. I find EW (medium to long term) to be consistent.
Sir,
10A.M rate not added in TT
Sir Tech table is of Bank Nifty
@sir,
plz replace Tech-Table its of Bank nifty sir...
Master ilango ,
Tech table is of Bank nifty
☺
Sir,
Banknifty TT attached by mistake..
I am confuse at this time.
who dare to bought here. If yes then any technicals.
Ilango sir
Bank nifty TT is updated
Amol Sharma
Hrly is OS it can give a technical bounce
but this will be trade against trend.
Today's Pre-market Nifty spot low 4659. Can we expect
this level before expiry.
GM sir and all :)
Amol - mw the "fool" me bght @ low as LBB protected no target for me as said by DR-ji " i will thro somewhere" wherever i am comfortable. greedy to see 4970 too but bookout in advance.
Anil - Save BN 239/50
TT updated.
Nifty opened at Pre-market's support and has "bounced". This hour needs to cross 4923 and in the next 5 hours 4957 for a faster retracement of the last fall.
Sis
Roadies 9
... chahiye sab kuch ya kuch nahi...
sir,
how to confirm that we have broken out of falling wedge so that one can go long
@sujatha
cant comment on bank nifty, but on nifty if holds here now a good run up show can be possible..only concerning thing is low adx on 5min charts...so skeptic of the move...
@ shivanGupta,
Aggressively one would have gone long at the open if he/ she believes in technicals or EW as shown in Pre-Market's chart.
A breakout confirmation would be a move past "4940"(80% retrace of last fall - 4957 to 4870) which coincides with the falling wedge's resistance line.
Failed 5/20 cross
favors bulls
http://bankniftytradingchart.blogspot.in/
Anil - Pichukoooooooooooo - Sir's Dlow protected??? y i bght hehe time pass 'my own funny EW" :(
"4923" cleared in this hour as discussed earlier.
Now for "4957" within next 5 hours.
sorry DLEMA am expecting 383 @ BN now
@ DR Ji
Do we continue to hold BN short positions of Thursday in profit
till SAR levels ?
Sis
gimmi
383
and select your gift for Sisters day from here
http://www.indiaonlineflorists.com/
Manish
Yes
what you will loze is profit only
Rules are rules follow Religiously
Bounce is for Intraday with strict SL
DR-ji - am praying for Sir's hourly closing ..get down @ train no. 383 is safe once for me
Gud morning sir and blog masters,
today will kiss 5031!!!!!!
THANK DR Sir for timely alert.
Camarilla Intraday Update/Follow Up:
Nifty Spot
H4 4953[BUY]
H3 4931[SELL]
L3 4885[BUY]
L4 4862[SELL]
Till now CAMARILLA TRADERS No Entries
Triggered. SOH Position(Sit on Hands).
*H3 & L3 need trend reversal confirmation.
Risk traders can take 20pts risk on their
own decision.
Just sharing my experience :
14,21,34 H.H-L,& EMAS (2,3,5D)widely used as SLO.
Trend does not chage without breaking 14
Squence PRICE>14>21>34 UPTREND activates only longs
and vice versa.Most simple stragegy:Activates trade in
direction of D.JNSAR only.When D.JNSAR > W.CEMA
minimises or avoids whispaws.
3 H. H-L most rewarding SLO & trailing SLO
H.SMA 5 regression points use as fine tune entery/exit
SLO +/-15-20 POINTS above/below.
All observation based on learning at JUST NIFTY only.
11.00AM TT Updated.
A mild breakout confirmed..
@ Master
Cant we think to go re sell as price got resistance at
channel ( 4929) of falling wedge ?? any SL ??
Every Where buy calls as RSI is bottoming ... looks like
more to come
My opinion more suitable for posotion trades.
Right now 14 H.High is 4958 only to see the chances
of trend may change but it will not be confrmed.
It will be confirmed only when triggers as above.
Till I usually short at that levels when close below
SMA 5 preferably full red canles with 15 SLO above
SMA 5.
vardaraj
if any time not updated previous levels hold good
nifty hourly closed at hour JNSAR
uptrend? or down trend?
hour J10 sar and JNSAR congregration
next hour is critical.
follow hour JNSAR
Europe Fut up 1%
enjoy hour j10 SAR and JNSAR congregration.
383
383 383
383 383 383
383 383 383 383
@DR
373
DR-ji
ameen
ameen ameen
ameen ameen ameen
ameen ameen ameen
PT - Don't disturb the "BN /NIFTY COUPLES" atleast for today
Good Morning Sir and Blogmates
Is today trending day up? My observation is if it is so,
intra day falls from the swing top will not be more than
20/30 points. So far today falls from top have been up to
20 points and last hour yesterday 30 points.
Lets see.
target nifty fut 4980?
Camarilla Intraday Update/Follow Up:
Nifty Spot
Scenario 2
H4 4953[BUY]
H3 4931[SELL]
New Post Done.
Just information only:
Previous occassion on 2May.12 Nifty spot tried to break
14H.H on upside 11AM H.C.5279. could not sustain but
broken 14H.low on next day 11AM H.C.5200 till now
making new 14 H.lows.Let us see today.
One more thing,
Last pull from the lows has been of 90 points on futures.
Now current pull up from lows of 4864 nifty future plus 90 points
comes to 4854.
Reversal???
Nice round bottom
on charts :) :)
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