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 ...
36 comments:
Today's Supports & Resistances :-
Support :-5338-5300
Resistance :- 5370-5411
Current Trend :- UP.
Strategy:-
If sustaining above 5338.
Initiate long with small SL.
Possible Movements:-
1.5338< = > 5369< = > 5411< = >5438
2. 5338< = >5300< = >5269 < = > 5227< = > 5200
Happy disciplined trading to all.
Have a nice day!
bulls consolidation my guess
Thankyou Ilango Sir, I was trying to understand other method of trading since I only follow JNSAR,
Thanks again.
Rgds
Saravanan
good morning,seniors..
jai hind master , dr sir n all
The pattern of making HH(5356) and HL (5342) continues in the intraday chart of 5 mins Nifty.
small bullish WW pattern developing in BN charts
may form pt 5 near 10410-15.soon.may trgt 10480 near 12 noon
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 PM, VAH : 5364, Pivot : 5359, and VWAP : 5368
Thanks & Regards
Nifty doing Timepass tab tak ke liye
http://www.youtube.com/watch?v=c3Wq4q7Yygg
:-)
Good Morning............................
Channel breakdown on 2 min
abhi ek baar toh bulls apna jalwa deekhayenge
GOOD MORNING FAMILY
llango sir, Good morning
llango Sir, in your intraday I chart you have shown 5361, 5380 in red colour. Is it mean that we should square off one lot of nifty @5360 and then buy back around 5335 if situation arises. And keep holding 2nd lot til JNSAR
Hi Lango sir , On 15 min chart can we see this as corrective wave A from 5380-5292, B from (5292-5348)=.61A which is almost done and now C which started and tgt is 5215, can u pls guide
I am treatig this as correction of a big fro 5030--->5380
Hello Ilango Sir, I have just sent you a mail..Please reply at your convenience...
RajaSekar,Bangalore
@ALL,
Can anybody know that In which stock FII invest his smart money????
bottom done now 5365
Sir,
Whats the channel support now ?
Seems like we are hitting it .
nifty at crucial point 5330 :)
at what time inflation data will be declared today ??
@ Arun kumar sharma,
Selling @ 61.8% retrace with a SL @ 80% retrace
OR
Buying @ 61.8% retrace with a SL @ 80% retrace
is a good strategy whenever such an opportunity arises.
Counter trend trades may be done for "Intraday" only.
There are other trade possibilities too like a 50% retrace with a SL above 61.8%.
For intraday:
Strength above 21 or 34 Hr sma. As the prices move farther away from these averages, they tend to correct down while these averages continue to rise.
Best sells are done when these averages trend down and the price bounce to these averages and start to fall.
@ naresh,
EW is set aside for EOD and in the "JustNifty TA" file only.
We are on a study tour of the most basic:
A. Trendlines
B. Trend following
Dear Ilango Sir,
I believe the channel support is at 5328. pl. correct me if incorrect. Thanks.
llango sir,
Thanku
@ Prabakar,
Hourly channel broke @ 5336-Pivot.
Day channel support is around 5321(DEma/ Wk.Pivot)
With a holiday ahead, market is nervous @ earlier two peaks of this uptrend-5349-5378.
Love it :-)))
"We are on a study tour of the most basic:
A. Trendlines
B. Trend following"
I m loving it with addition of C.
"We are on a study tour of the most basic:
A. Trendlines
B. Trend following"
C. patience with trend
emas converging in most of indices in 5 min charts
may expect volatility to start soon
Kannta lagaa....http://www.youtube.com/watch?v=tSLtptXuybQ
bulls ka jalwaaaa....
New Post Done.
bullish WW trgt done in BN
Contracting triangle in hrly chart played out
Dear Sir
For WAVE C (impulse):-
As Wave I 5032-5246 = 214 points,
Wave II 5246-5169 = 77 points,(Zig zag)
Wave III 5164-5377 = 214 points,
Wave IV (probable Flat)
Wave a 5377-5294 = 83 points,(Diagonal)
wave b 5294-?
Wave V pending
Pls Reply
Regards,
Nirav Patel
Post a Comment