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 ...
81 comments:
Lead Indicator is Touching the Resistance line
Saintliness is not to be purchased in shops nor is it to be had for wandering nor in cupboards nor in deserts nor in forests. It is not obtainable for a heap of riches. It is not in the heavens above nor in the entrails of the earth below. Tuka says: It is a life's bargain and if you will not give your life to possess it better be silent.
Sant Tukaram
@ SANPOT,
Having a bounce from a more valid monthly support has some bullish possibilities of going much higher.
We must take each day as it unfolds.
At the same time, there is another monthly "Log scale" support coming in much lower that the 4789 lows of Friday.
I'll update these two charts in EOD post.
@ jagannathan
Got it :) Thanking you
SBI up and BN down .. Sbi is spoiling the bear party
Ok Sir,thanks.
@ Kumar,
What I want to achieve - "is educating my readers". I just won't have "naysayings", and "not possibles"
I look at the the "benefits" side of a study and leave it at that. But the "holy grail searching common traders" would always find holes in any study.
A businessman looks at opportunities to maximise his gains. He is never inclined to discuss the academics of it. He's right as long he makes gains in an econmic way which is output being more than his input.
I just don't like the way discussions, sometimes,transgress into a kind of intellectual academic tone which does not benefit trading.
I have always attempted to bring in an "applicability" to EW, TA, SAR trading and many more. And I stand infront of all to offer my most objective observations during "live markets".
Believe me, I'll continue to carry on till my last breath. Nothing...Nothing will deter me.
Sir,
Those who live in "NOW" are good "DOERS"
BN is suggesting deeper cuts
DR Sir .. ??? Kuch to bolo
@ illaingo... it is really hepful to understang market eco grams through you...keep it up ..all the best
Ilango said...
Believe me, I'll continue to carry on till my last breath.
May God bless you with a long life !
Ameen...
Sujatha
Kya kare ???
nice obsv PT :-)
master,you told us to allow the miracles to happen
to our lives.we are in ONE.
Dear ILango Sir!
Thanx from bottom of my heart for these words "Believe me, I'll continue to carry on till my last breath. Nothing...Nothing will deter me".
Dear chetas! You have bullseye, i also support Inverse H&S.
Dear m.k.!
Thanx for supporting.
Below 4895 >> 4850 NF
hello ilango sir..... i trade nifty only i subscribed many tips provider but
ps provider but result is zero... i follow ur blog past 3-4 days..
but i cant understand... u dnt advisees where to buy & where to sell
if clearly mentaioned where buy or sell its help full... i recover my past lossessss
plzz sir.....any kind of suggestion..i am waiting
Thank you Guru dev(Ilango sir)
You have always been so kind with us
repeatedly testing 34EMA. support become weak then!!!
Bank Nifty making continued 14 Hours high since open
But Nifty is struggling around 14 Hours high 4912
since open.
BNF as per my understating is now in uptrend. Long above 9328 SL below the lows. (swing trades)
Fresh long can be initiated after we get a pullback to around 9200 with SL below the recent lows at 9000 spot levels.
I don't trade BNF so take it with a pinch of salt (:
If the fall from 4933 to 4902 is "a", then this current rise from 4902 could be "b", to be followed by another fall towards 4902 which would complete an "abc" correction.
As long as 4890-75 zone holds, upsides intact in the Short term.
Whenever Nifty reaches the channel resistance(it has come down to 4957 in the last 3 hours), watch for weakness/ strength...crucial.
@Dear PT: What are ur SL for shorts or did they already trigger & u on the long side?
subho said..
if clearly mentaioned where buy or sell its help full... i recover my past lossessss
plzz sir.....any kind of suggestion..i am waiting
Please provide the details for the deposit made,
so that we can process your request (:
Apart from Camarilla
NS should Cross 4900/4925
to exit turtle mode.
Dear Soho
Jokes apart you will have to spent quality time here to understand what exactaly going on here. Then only you can expect something gainful.
So please learn first than think to earn.
the Fall Culminates now
Good Afternoon Master and copy to all
@ Subho,
There is one very simple, the most basic of all "Technical trading system" based on closing prices only.
I'll post it in the JNGroup.
It is based on "JustNifty TA" file's Data-D" sheet's "Columns A to I" only. Very simple to follow.
My Expectation
More down may happen.
No Camarilla Trade in Active Mode.
Trade1 Closed with 12pts Profit/No Loss.
Waiting for clear direction.
My decision Points 4900 Below & 4925 Above.
Sir- Too much of anything is "poison". Let it be love or hatred. Very well said.. agree
whenever i feel uncomfortable i will go thro ur good olden emails :) relaxxxxxxx
@ rainmaker....tell me exactly...wat u thinking
@PT
DR's favorite gadget and pass time :D
http://www.youtube.com/watch?v=pwFUbQ1SQTw&feature=related
PT - one fall is pending - atleast 50/60 pnts..then let us decide. BN should not cross 383 below 360/20 is good for you and me
@sujatha
thanks a Lot
Relax till then -
Wife: “Jaanu tum mujhse kitna pyar karte ho?”
Husband: “Bahut zyada.”
Wife: “Phir bhi, batao to?”
Husband: “Itna ki dil chahta hai tumhare jaisi ek aur le aoon.”
Husband and wife are like liver and kidney. Husband is liver and wife is kidney. If liver fails, kidney fails. If kidney fails, liver manages with other kidney!
@Sujatha Ma'm: Are you still holding your shorts? if yes, then what is the SL for them?
AJ
I want this
http://beaumontranch.com/images/cowboy_riding_mechanical_bull_hg_wht.gif
JNSAR Long 4832NS about to be hit for the 2nd time in the
day....
sorry 4932 NS
Sujata - add one line "Applicable only in India" to your
"Husband and wife are like liver and kidney. Husband is liver and wife is kidney. If liver fails, kidney fails. If kidney fails, liver manages with other kidney! "
:-)
Prabhat -- why confusion as v r nearby JNSAR so EOD closing is important for me worry is it should not close any hourly 4931 level i will be happy. BN is the culprit :( sustains 383 will give another 150+++ is my useless view so praying for downside
Sir, is the current upmove the wave 3 of 1 after ABC
correction?
As stated earlier, "b" done at 4933.45 and "c" is on towards 4902.
It seems an irregular flat correction.
@DR ji
I am sure you can beat this guy :D
http://www.youtube.com/watch?v=wd60k5NnIbg
Time to go short Intra SL just above the highs+ fil
rajesh stock said...
@ rainmaker....tell me exactly...wat u thinking
could not get you ?
@master
if iii is end at 4789 and this is iv then what will be its limitation for upmove? thanks.
2.00PM candle's Open & High is 4928.85.
@master
after c done at 4902. then? please guide as i am little confused about counting. after c 5 up? down? thanks.
OK sir - then this time will get 4904 but not breaking.. :( am getting figure of 4766 again any EW is there sir?? tks n advance
sir i download ur ta file..but its various valus ...monthly , weekly
but not clearly mention in which value i shall buy or sell
@ anmpatel,
Till you do not understand EW, do not follow it.
I'm simply stating the most obvious one to me.
Since these are of intraday moves, there could be errors creeping in.
--------------------------------
Moving past 4933 would mean corrections may have ended already.
Sir, if this is an irregular flat correction, and the
current wave is C down then it has to go below 4902 fast
and steep. Pl rectify if wrong.
Camarilla Intraday Update/Follow Up:
Trade 2: Scenario 2 CMP@4930
H4@4957[BUY]
H3@4924[SELL]
@ Sujatha,
If the current rise is "4th wave", the 5th could go towards the lows or lower.
@ subho,
I'm yet to upload the system based on that file in "JNGROUP". Wait for the same.
ok sir.... i am new so..creating some problem...if u clearly
mention its very helpful.... jngroup means...... any others group
..plzzzz clarityyy
Sir - thanks a ton u hv already given clue about expiry :) one can "mingle with small technicals"
The market is waiting for some news what news
PT
News tht you are going to damman
Morgan Stanley cuts India's growth forecast to 6.3% versus
6.9% earlier http://ow.ly/b2msf
PT - 4950 trendline not taken out upside still sir will clear the picture if it's not taken out then -ve 34 ema is raising upside..so breaking point is nearby only intra downmove will give us clue
sir i send one mail in ur email id:- vanilango@gmail.com
plss reply sir
@sujatha
Looks like 2 pm closing will give clues ..
So much dicy at a singel level
As Master says,
When u see price just act and than manage ur trade with well calculated stops.
JNSAR triggered.
Regards
PT bhai!
Aayega, aayega, aayega aane wala...kabhi na kabhi to aayega. Aaj nahi to kal, kal nahi to parso, parso nahi to next week, next week nahi to next month aayega..aayega aane wala..aayega:) U r real bear PT, we are weak heart player...hats off to you:)
@Kumar Sir,
Ha ha ha :D ... I am obliged :)
Jo bhi bulls hai... Kumar sir ke saath jao... jo bhi bears hai PT sir ke saath jao... baki sub mere pass aao! :) :)
Inspired by -Angrezon ke zamane ke jailor!
Pt ji & Dr ji
hamein bhi bata do kya aayeaga ??
Thanks
Buy sell Window in Nf is looking fishy
Dear Sourav!
Nifty has to pass so many tests in coming days & bears are having deep pockets nowadays so till 5050-5100 trading time only:)
@ Kumar Technicals
Well said Kumar sir.
Trade as per the TT till then for hourly and intraday
basis.
OI masters. OI increase or decrease?
New Post Done.
@Sujatha
difficult times but i am addding shorts at every resistance
as this upmove isnot supported by volumes
PLSS REPLY MY MAIL SIR..... I AM TILL WAITING
subho said...
PLSS REPLY MY MAIL SIR..... I AM TILL WAITING
You seems to be an impatient man.
This kind of temperament does not suits a trader. A trader need lots of patience.
Ilango has written twice that he will post at EOD you must wait until then
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