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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
36 comments:
Thanks Parimalji,
My patience was tested in last 2 days in Wipro.
"5994" looks critical in "Intraday chart"....
Break or Hold.
Holding "5994", Bulls would attempt to break 6014(80%) if succeeds in moving past 61.8%(6008)
@Mr. Illango,
Awaiting yr comment reg. my query, i.e. difference between trading set-ups of JNSAR and "Conservative Trading Method", for my better understanding.
Regards
@ soumen,
JNSAR Trading is "SAR Method with JNSAR Number"(SAR-Stop And Reverse)
Conservative trade: Based on Elliott wave completion along with Classic Technical Analysis readings.
difference of premium increased from 30 points to 40 points.
NS is just 4 points above the days low but NF is 15 points above Days low.
any reason behind this?
Premium reduced to 35 which was 30 in the morning and increased to 40. Spot trading below 5994, firm...?
6000 CE OI increased back to above 50 lakhs, indicating weakness?
@Master,
Just a small query. In the lead indicator chart, how come the 4 is on the right of 5? I thought 4 should always be on the left of 5.
what is the target sir below 5994
Good afternoon Ilango Sir and all the blog mates!
@ ITradeForProfit Daily,
@ 5965, it was considered either a 5 or 3.
The subsequent labelling is either "a" or "4".
The "4" in green is following the "3" in green while the "a" in red is following the "5" in red.
There are instances when EW throws up many possibilities when a strong contest is on between bull & bear and that results in multitude of labeling in shorter T/F.
Choose one of the obvious one(reading TA together) and initiate trades.
When we combined the TA, we got some ST weaknesses; hence, the "sell on rises".
JNSAR trade
Hi TOT-Amit,
Looks like something is cooking. In yesterdays last session there was 40 points premium in NF. Today when NS made high of 6020, NF was 6049 with premium of 28. Now when NS is showing weakness, NF staying higher?
@ S4S,
Look @ PNB .. forming +ww on Hr TA .
1-4 line, says can bounce till 920 ??
Ye kya hua????
JNSar Trade short???
Raghavendra your short term top concept working today
Natti,
Credit should go to Ilango sir's JNSAR.
Raghavendra
6000 CE OI near 52 lakhs, weakness continued...
what will be this friday????
If it is a simple zigzag:
6042 to 5964 = 78
6020-78=5942
OR
6026 to 5964=62
6020-62=5958.
dear freinds can anyone tell me th ecurrent adjusted close for today many thanks
Nilesh ji - train late due to "technical fog" Nifty future target done :-) 5980 (positional) am with "trailing SL" unless NF not taken out 6066 on closing basis will short @ high for this month. NF 6000/02 will try hard to protect @ EOD
Bye
@sell wale
yep JNSAR short.....
Nifty again takes support just below the DLEma
nifty is going to close below tomorrows JNSAR...and JNSAR is very less to whips on closing basis...caution on long.....
Nilesh ji - NF downside pending 5958/42/35 pending for me (if 5980 taken out) may be will drag and come slowly??
adjusted closing anyone please?
Today FII data will throw more light. Inspite of Europe holding in positive we are going down.
It shows upsides from here is not easy. FII anytime may stop supporting futures premium. Then we will see damaka.
@jay.....
5971 +/- 0.5
Jay,
asjusted closed based on 1min 30sma is around 5971
Ilango you are amazing. Inspite of market showing upsides today, you said it is sell on rises market.
amazing. amazing...
@Jay shar
try this and bookmark it.
http://finance.yahoo.com/echarts?s=%5ENSEI+Interactive#symbol=^nsei;range=1d;compare=;indicator=sma(30);charttype=candlestick;crosshair=cross;ohlcvalues=0;logscale=off;source=undefined;
dear anmpatel and chetas thanks a lot goodbye dear sir and freinds
31st gap supported the fall
Dear Jay shah,
in your trading software, if you plot in 30sma in Spot, 1 day 1 miniute chart, you will get the average 1 minute close based on where the 30sma line is.
on settlement day instead of NS use the level in NF , as NF is more reliable on settlement day.
if you want to know approximate close at 3.25pm or so, you can figure out based on 30sma trdend
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