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 ...
32 comments:
Good Morning Ilango Sir and friends. Looks like Nifty facing resistance at DHEMA 2 day High.
@Atharva: Price between 21 Hr SMA and 34 Hr SMA indicates indecision and range in short term.
however,enter the index/stock as soon as the c-wave completes
Goodmorning ji and all
Good Morning Sir and team
deepak - thank u :) hope u read my yesterday night post too. not blindly on "contrarian" view based on technicals only..but as usual "bit aggressive" pullback is common am with Trailing SL becoz nifty future and spot opening itself is a good one
dear mam suja
i feel honoured and thank u for taking time to reply.
i will check ur yesterdays post
thanks
New learner should visit every day Vipani Sangeetham's blog..His blog link is provided in masters blog list.. Whenever Sujathasis is in contra trade ; Vipani's Agni level is in tandem ..this my observation.. y'day his agni level was @ 5661 .. it dropped till 5663..it was buy or part book in short.. New comers mind it JNSAR and AGNI are two diff trading systems. It helps me to find out the reversals /pause in trend.. today's AGNI is 5663 ..rules are same part book @ 50, 100 so on ..What amazing is that NS always pay respect to his important stages.. I am not boosting any other system. This is not for those who does not want ready meal.. It is just to get idea how mkt evolves and how it behaves near to his important levels..
His important level was 5680 ..check how mkt was gyrating around this nos.
Namasthe ilango sir and friends,
Today's quote received :
Black colour is sentimentally considered "Bad".
But every black board makes the students' life brighter...!!"
~APJ Abdul Kalam
@Master,
http://4.bp.blogspot.com/-r9VRfcogSXw/UTWBHDBu0xI/AAAAAAAAAa0/3CxZut5U01M/s1600/NCTATAMOTORS.png
Is this count may valid for Tatamotors b wave?
just a joke: do not take personally in any way.
10 year Income survey by Department:
teacher 25lacs
engineer 45lacs
MBA 65lacs
builder 75lacs
doctor 1cr
Nirmal baba 238cr
Ramdev 1177cr
Satya sai baba 4000cr
Now you choose your career carefully
chhodo ghar bar
chalo Haridwar!!!
anm
What about Indian Politician ? You have not included because it is unaccounted ?
@rrknan
nobody can count there income!!!!so they are excluded...
@ Nilesh Patil,
Tata Motors fell from 337 to 268 after -ve div in a clear 5 waves.
From 268, it rose to 312 as "a";
Presently the "b" wave is on & it may have completed @ 280.55 or could go lower.
Move past 297 would suggest the "c" wave unfolding upwards.
Remember, corrective waves are challenging to trade.
Holding 280, the stock will have mild upward bias.
Island formation 5,712.00-5,719.70 if unfilled.
if developing a bullish WW pattern ns may face some res near 5733-37 range to form pt4
may dip towards 5719 to form pt 5 and then upmove towards 5747
Thank You Master.
ye kya hua nifty ko
bahut gusse mai lag rahi hai aaj
+ ww on hrell tgt completed http://www.wikisend.com/download/917576/NIFTY%2028-Mar-2013-%20050313.jpg
"5739-5749" is the resistance zone while "5664-5674" is the support zone as shown in the chart.
This is based on pure "Price study".
last time ns retraced near 100 pts on 28th and then seen a sharp fall
will this time also ns repeat its path
100 pt upmove may see ns tgt 5764ns
and then a sharp fall again???????????????
Dear Sujatha sis : It is no way your trading is copy of his AGNI levels.. It was not my intention at all . you were long much before the yday AGNI level 5661. If I am not wrong you took it on Friday and Monday's agni level is arrived only after closing of Friday.
I posted my observation that your contra trade if it is to be called contra??are coinciding with AGNI levels. and last 1yr it has worked perfect in sideways mkt..
Trust, I have not rights to say that your trades are copy of his system.. Thanking you
5757 week pivot.
ilango sir,
conservative buy here above 5750 channel brk.out?
Irregular tgts are done...
Expanded C tgts now
A 5674 5739 -65
B 5739 5666 73 -112.3%
C 5666 5771 -105 161.8%
Sir, conservative buy triggered ?
Dear all can anyone is it a time to exit longs(sale on rise). please suggest me
New Post Done.
Dev WkLo , Day candle & Dev.WkEMA RES now stacked up ahead @ 5761-62-5807 respectively ...
If these are respected , next wave down after the ABC can emerge,
if these r taken out, we have a retracement on...
http://www.wikisend.com/download/791012/NIFTY050313.jpg
Now rally upto 5940 may come.
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