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 ...
40 comments:
For NEWBIE's: Never even focus on any other comments in this blog. Only watch for JNSAR number in price for trade. Do not get distracted by any other comments. ONLY JNSAR FOR TRADE.
GM Master & JN Family,
the +ww has played out to 5829 , though ideally the 1-4 tgt is 5740
Multiple RES above Dev.WkLo / MnEMA / Dev.Wk , all to be scaled in ltd time , by bulls if they want to see any chance of a reversal
Have a gr8 day !
** 5729 ** sorry .. all NS
Namaste Sir and all,
Tatamotors approaching 200 DMA @ 268
What a sorry state of market. Falling like nine pins:(
@master
please tell me next reliable support (as explained in pre-market) if 5660-65 range broken...this time i have no chart in front of me.
thanks.
Nf low earlier was 5673.9 ( budget day) and 5678.1 on 4 march
Infy TA file courtesy Sir Ilango updated, posted on JN google group
it looks interesting after correction/consolidation
NIFTY Intraday update: CLICK HERE
GM Friends. Hawala rate 5693.
Tatamotors 50 Week MA is 272
Ranbaxy, on a rise again followed up by correction
as per google charts
shriram,
possible expanded flat, now trgt ur 5740 /
hi chetas,
yup.. this way possible
B.a 5682 5729 -47
B.b 5729 5671 58 -123.4%
B.c 5671 5747 -76 161.8%
@ anmpatel,
The horizontal green line in the hour chart shows the last support(minor) is 5664-5674.(last two lows.)
This is a bounce off that support.
Now market has to deal with multiple resistances.
nifty futures can go upto 5776 as per fibonacci
Good morning sir & friends.
Is there any news/rumour on political front?
Master,
seeing 58CE OI , is it worth taking shorts near St. MEMA ?
Or do u see any reversal pattern @ inception stages , sir ?
ns needs to crossover and also close abv 5dema in daily charts today
owise another round of selling may come from tomorrow
5747 is camrilla breakout on upside.
I think calender strategy going on
11.00AM TT & Chart Updated.
ns may trgt 5757 intraday 5dema
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5725, S1-5691, R1-5749, ATP-5725, VWAP-5725
The PE writers are back after a long time with huge addition at 5800-5700PE, looks like a reversal in place if 5755 is crossed in NF…
Thanks & Regards
Hey Raaaam!!!
@ shriram,
Counter trend trades could be considered based on Hour TA upto retrace zones of the fall from 5946 to 5671.
Strong trend down would find it difficult @ 38%-50%. Accordingly, one should watch out for overbought conditions in Hour TA when prices reach these levels of "5776-5809".
Bears would watch for a close above DHEma only.
@Mr.Hitendra
For NS
Camarilla H4@5729
Camarilla L3@5677
If one watched PINBAR can entered@NF5700
or TL Break in 5 Mins Chart NF@5715
L3/H3 most interesting part of
camarilla. If we post/update such trend against
Intraday view(system based not hoping) few may
think it as humor.
65% of the time market responds to H3/L3.
One who see market from distance can utilise
H3/L3 efficiently. Best Wishes.
Dear Sir,
5809 is also DHEma.
tks master :-)
Julius,
below are nf cam lvls.
nf broken 5731 & reached L4.
Bought at L3 & crossed H4.
H4 5747 Long breakout
H3 5731 SHORT
H2 5726
H1 5721
5725 PIVOT
L1 5710
L2 5705
L3 5700 LONG
L4 5684 Short breakout
5818 is developing 55ema in 5 min charts
may lend supp to any intraday dip as now
if could not break abv 5757 then be cautious with longs
shriram,
Now ns stopped just above yesterday high, and we have a faster retracement in place,
if the low was irregular b, then the faster retrace of c (b), is acceptable, just wondering whether any such correlation exist
i mean the faster retrace of fall from yesterday high 5745 to today low 5671, we retraced the 5-6 hr fall in less than a hr
Chetas,
For EW "wave-time of corrective": one song -->
Naino ki mat maniyo re, naino ki mat suniyo.. naina thag lenge, thag lenge , naina thag lenge /... :-p
Shriraaaaaamm , :)))))))))))
nf/ Ns 12.00 open high same
New Post Done.
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