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 ...
61 comments:
Repeat due to new post:
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.
Harish tahkkar - Post me what figures it will come i don't understand technicals much..tks n advance
tks n advance
Morning Illango ji & JN Family,
Writing on the fly, will be out for 2 days...
If we close @ 13:30-13:00 hrs > 4933 , high probability longs will come thru
Res zones to impede longs : 4963 / 4992 on 30mins TA
cheers, have a gr8 week!
Camarilla Intraday Update/Follow Up: Nifty Spot
Scenario 2
H4 4953[BUY]
H3 4931[SELL]
repeat post..
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.
One more thing to consider for confirmation of reversal???
H3 Sell Triggered with 20pts SL.
Nice round bottom
On charts :) :) :)
on daily chart falling trend line broken in upside.
@ DR Ji
So far BN high is 9340 which is lower high than 14th,11th and 10th may
forex pros showing Europe future nearly 1 percent up. but on CNBC Only marginal green. which is true???thanks.
Dear ILango Sir!
As per morning's monthly chart if 4750 goes, i,e red probability in chart, is a Flat correction possible and we move to 2539 again?
Rgrds,
Kumar
Manish
as its trade against trend
SL to CP
or book profit where ever ur comfortable
expectation should be minimal
never dream about catching the trend from its bottom
let the JNSAR trigger buy
Kumar Sir
Plz dont give this shock of 2539
sir is this bullish ingulfing pattern formation
on daily chart?
Dear D R Sir!
I was also fearing after viewing that possibility in chart, thats why i requested Master to clear my doubt...nothing serious sir ji:)
@ Kumar Technicals,
It doesn't look so due to the "time taken to come down from 6339 to 4531".
Correctives have many possibilities till 80% of the "6339-4531 fall" is not retraced.
Though 4800 is the likely channel bottom, we have considered 4750, being the 80% of the rise from 4531 to 5630.
TA set ups keep changing with the unfolding prices. Hence, we'll update on the larger picture as the months progress.
We must accept the fact that "anything is possible". Unlike the 2008 fall(A wave), the "C" wave fall may not be "that dramatic".
DR - ji -wat u told to manish is applicable to me too - Am out
Sis
I cant bear this pain any more
out of tension happy with pension
Sujatha Madam,
I could not follow what figures of techanicals you want
me to send.Uusually if you put H. high-low and emas
14,21,34.they used to come repeatedly which changes
every hours.Sir as usually insists and post regrularly
with new post.If I will understand I will explin.
Lolzzzzzzzzzzzzzzzzz
DR-ji - ha ha ha wat a timing??? now yeh dil maange more with PT
@ NEVER GIVE UP,
It is a possibility. A price move past 4976 would give it more credibility.
@Sujatha
hahahaha ... aj bulleshan hain :)
Red metal lovers
can add it to their Market watch
Nifty Intraday update : CLICK HERE
Ashish - hehe..me too thought of that hence got down
PT - :) :) enough..crossing 50/70 is danger kumar sir will hug the bulls. 30 mn. is fatty..it's better not to hit JNSAR again
thanks sir.
Dear ILango Sir!
Thank you so much for your detailed reply, so if 4750 protected this month then chances of larger C is on sir.
@J.R.Julius Ji,
Will it be prudent to reverse our position if SL hits..
& go long at@HL4.
PT - mail sent.. pls. check
Dr Sir...sirf ek tubelight dae do..:)
DR - ji - noooooooooo ..tubelight ko "fuse karo" don't light it
tea cup is getting ready?
Bizagra
red tubelight making in
otherwise reversal seen
@Sujatha
Reverted Back :)
sirji - ding dong bell 9181 /144 again???
DEAR SIR,
your tecnical work perfactly nifty gone below
hhema 4929 than slide started
@ Kumar Technicals,
Yes. That is correct. If 4750-4820 offers support, "c" wave of the upmove started from 4531 would unfold.
@Mr.Chanakya,
Yes. 4951 is the SL for 4931 SHORT.
if hits 4951 & 4953.
No Qn to book loss & BUY@4953.
@ Kumar Technicals,
My critic is used to "Buy in May and Sell in Diwali".
These strategies work if technicals favour it in a particular year.
Afternoon Everybody....
@J.R.Julius Ji,
Thanks..
Camarilla Intraday Update/Follow Up:
Trade1:
H3 SELL@4931 stop matched 4951.
trade 1 closed with 20pts Loss.
Dear ILango sir!
Thank you so much for ur reply & sharing top secret of ur critic:)
Thanx & Regards,
Kumar
Good Noon Mynac :)
Time to be cautious ... Again .. 80 points upmove done
Camarilla Intraday Update/Follow Up:
Trade1: Closed. [20pts Loss]
Trade2: Again Scenario 2
H4 4953[BUY]
H3 4931[SELL]
Camarilla Intraday Update/Follow Up:
Trade1: Closed. [20pts Loss]
Trade2: Again Scenario 2
CMP 4940 take the first trigger
H4 4953[BUY]
or
H3 4931[SELL]
Just a matter of time before we land at 4868 again
to check the strength of reversal
Dear PT,
Now when Nifty has come out of the sloping Hrly.trend line after 64 Hrs trading…. down, down and down only ,which was started from 5279 up to date…now Bulls must be happy…so it is possible now that you would like to see action-reaction @ 4960 & 5005…. in any case Bulls would like to protect 4915 to keep themselves in the game…let us see…
@Mynac
Thanks a Lot :)
PT
make it or break it
http://www.vacation-magazine.com/wp-content/uploads/2011/07/bungee.jpg
outside bar in hr chart, may be the next hour will give direction on which side market wants to go :), I am with PT , at least a retest of lows
@DR Sir,
Aj Lunch kam padega mujega aisa lagta hain :)
Camarilla Intraday Update/Follow Up:
Trade2: Again Scenario 2!
H3 SELL@4931 Triggered.
Camarilla Intraday Update/Follow Up:
Reminder:
As per our rule Camarilla trader can take
max of 3 stops in a Row. if this happens
Quit for the day.
PT
Plz check if for sign board first
http://www.sportsfunny.com/funny-pictures/funny-extreme-sports/funny-bungee-jumping-03.jpg
mynac - thanks for ur view as well as worried too abt ur upside level :P
DR- ji - :) :) lol
PT - BN master told u to break also..so break first mynac's nd LBB
@DR Sir,
Ha ha ha
New Post Done.
PT - DR-jis' 2nd one may getting ready if 34 ema breakes :) :)
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