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 ...
52 comments:
Good Morning Ilango Sir and Friends
SBI Chart Analysis : CLICK HERE
Good Morning sir and Warriors
Camarilla Key Levels - Nifty Spot
H4 5011
H3 5001
L3 4980
L4 4969
gm master & prentice
Gm sir , charts and TT are opening in smaller than Usual image
Camarilla Intraday Follow Up:
Scenario 4
Wait till the trading levels come
& give the clear direction.
Good Morning Master and copy to All
Good Morning Sir & Blog mates,
Overall View for today:-
Yesterday Nifty ended in overbought zone , Now as global clues suggesting small gap down opening. If nifty take support near 4950-5971 ,bulls again regain strenght there. 4931 is last support area below that bears try to take contol.
4931 - Major support for nifty. (First Sign of Weakness if broken this.)
(If support taken at 4931 one can initiate longs with small SL)
4971-4950 - Support area (Re-buy Opportunity)
4995-5025 - First resistances to continue up move.
Targets after clearing resistances: - 5055-5126
Current Trend - UP & Overbought
Weakness only below 4931-4900.
4860- Trend will reverse below this.
Possible Movements:-
1.4990<=>4950 or 4931<=>4971<=>4995<=>5055<=>5126
2.4990<=>4931<=>4950<=>4901<=>4880<=>4860.
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
Have a nice day!
Namaste Ilango Sir All.
Monthly Closing Strategy 5217?.
@ master
good morning
sir,
we can not find conservative table
Good morning Gurudev and friends
Look at the "Google 5 min chart" to see whether the fall is going to be a 3 wave or a 5 wave for further clues.
GM Everybody,
4958 likely to remain key figure for the day,as initial
Huge high volume cash trade has taken place there...
Good Morning Ilango Sir and all.
Good morning Ilango Sir & all Blogmates
Rgds
Saravanan
Sir, there is no trade table today ?
@Mynac
From 33 to 70 5000 put . . Ameen
GM EVERYONE
ILLANGO SIR
CHART & TABLE NOT ENLARGE
ilango sir ,
5 waves
This low(4945.70) is the 3rd wave from 5020..
@Abhi,
There was no new trade.
@ murli,
It is beyond me. I haven't changed any settings. Hope it sorts itself out.
Sir,
First nail in the coffin in already done in (30min) 34EMA.
Next will be below HR 34 EMA @4945 close
nifty has to fulfill gaps of previous upmovement
Good morning all!
I Shall watch today 4935, which will be my Laxman Rekha today.
Good Morning.........................
Master ilango,
Good morning .
Wish and Hope everything is fine to the heart.
Regards
☺☺
Good Morning Ilango sir and friends.
Dear Ilango..whats the best TF / chart to catch these waves..Also if possible please post the range of each wave from 5020..So i can see in chart and understand as its too early days for me in understanding waves.. But i see that understanding waves is a huge plus.. Thanks
4877 ayega kya
Dear PT,
For the day,if the fall shall increase then very much
hopeful @ 4932,i.e.should stop there for the day,because
otherwise it shall become tough for a trader to sell @ higher
level..& No doubt Dear Kumar's 4920 is last hope for
the day..from trading point of view.
Thanks a Lot Mynac
ayega ayega ayega ane wala.. ayega
@parminder ,whose heart?.is everything OK?
PT - it may onceagain trying for Mid BB or 34 ema becoz 5 sma is holding + eod close below 4937 i will take teddy bear
Morning everyone,
My SL for the longs opened @ 4977 NS , popped today morning. Time to re-look longs
Nifty is now trading below 34EMA & 2 more 30min candle closes < 4970 wud trigger shorts on intra
TA
EOD close < 4947 will turn 5DEMA down on Day TA & make it Bearish
Lets c, have a gr8 trading day
good morning,seniors..
powertrade ji 3877 bhi ayega , have ptnce.
@Sujatha
Out of shorts .. will try at higher level near 4970
GKM223
ameen
i will watch 4906.
sir we are trading below hourly low ema but above daily ema so if buying coming where can we enter long
5020 to 4994.40-1st(on 29th)
4994.4 to 5010.9-2nd (on 29th)
5010.9 to 4945.70-3rd. (on 30th)
Bear: The way Hour TA has reversed, it suggests of 5th wave which could be new low or it need not make new lows but could come closer to it.
BULL: Day TA continues to be up. Holding above 10sma around 4915 would keep uptrend intact. If Hour TA could do a "time correction with price correction limiting to 4915(at worst 4880), bulls could continue.
ST players would sell on rises to take advantage of the corrections, positionals would watch the nature of fall to take early cues to either to exit or add to positions.
Sir/other EW experts
How can we make out whether its wave 1 from 4946 or its wave 4
for further down move?
watching euro/usd 1.2450 and then metals.
Master,
Looks like you are uploading lower resolution image.
How are you creating those images?
To cross check can you mail me the images you are uploading.
New Post Done.
Thank you so much Ilango.. In one post you have captured so much valuable info. Thanks again
@Shriramji,
Thanks.
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