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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
65 comments:
Hitendra - Ask sir = he has given clearance @ 4942 itself
Dear Chetas!
Yes, it was rounding bottom, good catch...keep it up:)
Dear Kranti!
I updated my views last night regarding 4950 so kindly read my blog again to clear your doubts:)
Dear Sujatha! 4988 possible, me too in ur court:)
Ilango ji,
ZZ over here @ 4905-4975 ??
Time to Go short again
@ Shriram,
Though 50% retracement done with an ZZ, Hour TA shows life now.
A close above 4970 today would "pause" this downtrend.
Intraday weakness would be below "4935" again.
Tks sir, ur right 5HrEMA has turned up :-)
Thanks Kumar Sir..Got it
4943 support now.
contd..
4977 is the hurdle presented by 34EMA
Waiting for 2:30 to take the plunge either side..
Stay short Ns just touched DLEMA and falling..
Kumar sir - thanks for your guidance. may be planning to touch again 4940 again and back again
Yes kumar Sir,
It was a low hanging fruit, somehow i managed to catch it and happy i caught it and ate it,
:) :)
EE also done
WELCOME 2.30
4900ce has still very high addn of O.I today
kya kahani kahti hai??any clues
one 5 Wave move complete at 4975.
In shorter time frame TA 21D and 35D moving parallel , have observed in past if the cross over doesn't happen , upmove looses strength .
Still we have some time to have some good price moves to sustain the upmove.
Buying observed in 4800 put
WW pattern trgt abv 5060 on monday
sl below 4940
PT - as considering the week end and OS level + BN looking strong now short covering possible upto 5020?? donno about DOW's Friday's knock out.
Am with Sir's 4935 :)
Sujatha
Today rise is less agressive compared to Monday rise
So have to keep shorts as of now Sl ... DOW friday knock off
is sure today
SL at 4990 as said by sir
@Ilango Sir,
Still it is sell on rises or Pause or a bull orbit ???
4940 is convegence of 34 and 55ema..may lend supp
for an upmove again towards 4970-80
narova kunjarova @ 2:30 ..
PT sit peacefully, enjoy the weeknd... there is no tradeable set up @ 2:30 :-)
@Shriram
Thanks a Lot :)
seems abc down completed at 4944. another 5s up can possible?
@Master: Have we covered the shorts taken at 5040 @ gone
into positional long @5942?
Please comment.
Camarilla Intraday Update/Follow Up:
Trade 3: L3 BUY@4941 gave up movement up to 34 points.
Gave chance to Part book & exit around Trendline
break@4960 or your own trailing or Brokerage Stop.
However one could have been booked 15 to 20 Points easily.
Correction: long @4942
PT - BN china wall 9320/60 protection will lead "the baby bulls" of all sensex/ nifty i believe
My sincere thanks to 'BN MASTER DR-ji" i am trying to fine tune it.
Prabhat - send me sweet box :)
Is it fast fall setup in preparation?
Is it fast fall setup in preparation?
@ PT,
I'll repeat:
Till EOD prices show strength, it continues to be "Sell on rises". Presently for "Intraday 4990-resistance".
For EOD close above 4970 would bring in a "pause"..though not guaranteed.
Larger trend moves take their time.
master ilango, there was a falling wedge in 5 min charts.
implications..
unknown is nothing known
@ Prabhat,
Positional Longs come into play only when EOD prices confirm or "Bottoming patterns emerge".
@Ilango Sir,
Thanks a Lot :)
Camarilla Intraday Update/Follow Up:
One more chance given to exit@20 Pts!
Pause till getting clear idea of next move
& considering time 2.46pm.
small H&S in 1 minite chart , anybody of the same view, 4975-62 head, 4962-4942 shoulder, trgt 4910,
CHETAS MAKING HIS CHETAS
@Master: Thanks.
34 ema bach gaya???
@ Chetas
also in Two min if it crosses 4941
Chetas is H&S expert
Sell (resell) triggered ! 40 pts SL
But I don't carry position on weekend hence no trade
PT... go ahead :-)
wow PTTTTTTTTTTT
DZZ correction complete hua Ilango ji ?
@Sujatha
A one point today i was really Fearing .. dun know why
Now relieved
@Shriram
Thankoooooooo :)
A repeat of yesterday's TA: Hour TA weakens with a close below HHEma.
man of the match today BN
Fast fall on 5HrEMA, dy/dx becomes -ve @ 3:00....
34EMA, 30mins has resisted the Upmove .. all ducks line up @ 3:00 !
Camarilla Intraday Performance - Click Here
Trade1: 20 Points Loss
Trade2: 20 Points Loss
Trade3: 20 Points Profit
Today Performace = -20-20+20= 40 Points
Classic EW on Nifty 5min charts.
HA level for Monday would be 4975. todays 5008 protected. short signal given since 3rd may as open below ha level 5232. till not broken remain short. thanks.
-20+-20+20= -20
@anmpatel,WT is HA level? thank you.
Wkly close below 4950, & below WkLEMA ...
Longs can wait till nxt week now, bye all , EE done!!
cheers
@Mr.Cooldent,
Lolz...
Yes.
Trade1: 20 Points Loss
Trade2: 20 Points Loss
Trade3: 20 Points Profit
Today Performace = (-20)+(-20)+20= -20 Points.
20 POINTS LOSS.
Camarilla Intraday Performance
from 02/05/2012 - Click Here.
@durga
its a Heikin-Ashi, Japanese chart pattern and nice trend indicator. its candle shape suggest the trend. you can find its calculating formula on Google search and develop any time frame chart in excel. if not find test mail. will send you. you have to fill just OHLC value. thanks.
@ master
It was a Great Learning Day.
Though SL triggered for shorts due to habit of not sitting
tight as you always suggest.
Your Greens keep up the spirit and shown the path again.
@ J.R.Julius
Sir, are u updating Camarilla Intraday Performance file during trading hours also
or only EOD basis.
@OptionWriter,
From 9.15am to 3.30pm Trade trigger, SL, Profit
booking, other comments are posting in Real-time
Here -> http://tradeinniftyonly.blogspot.in
Post a Comment