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 ...
45 comments:
Nifty and BN TA files courtesy Sir Ilango updated and posted on JN googlegroup
also, a -ww seems done on 5mins candles
1-4 tgt is now 5620-25 NS
http://www.volumedigger.com/Charts/Volume_Profile_Charts.aspx
Use symbol as NSEI in capital letters
Excellent views for Volume & Price Analysis.
I-D in different T/F,& Daily.Volumes at different prices.
Excellent views for Price Rejection at Lowest/Highest price.
Huge volumes Areas for Support/Resistance.
Clearer views of Tails for Price Rejections for S/R
@ @ prakashbkc,,
"Not able to close above HEma" even after 3 hours is a "Concern".
Sir,
under the circumstances will todays low be stop loss for such aggressive longs or an hrly close below hlema?
Nf range so far 5619.55-5654.2
Though initially in morning has taken support at yesterday low 5633.9, could not cross VAL 5658,
and is now NOT able to sustain, initial range high 5641 and yesterday close 5645.
also broken the TL in 5 mts charts 5640.5 levels and WAp 5638 levels
Lets see whether yesterday lows supports
The April Nf is below yesterday lows already , does this mean short rollover ? OI experts pls guide
can illango ji clarify whether all short positions have been exited as per pre-market/JNSAR table showing two shorts carrying?
@ cooldent,
an hrly close below hlema
sir ji,
please if you could elaborate on
"trend is spent" & "be still"
thanks.
shriram ji - lolz that's too bad..:P homeo is safe and best Y-lax or Laxil. but not now for nifty
Thanks sir
Thanx master for reply
As u rightly said this works most of the times
@ suresh,
"Trend is spent" - Divergences in higher T/F are generally reliable to be accompanied by a close above 5 period ema.
"Be Still" - Sitting tight despite conflicting intraday noises and distracting events/ global markets.
@master
i roll over JNSAR position in last two days as per pre market support-resistance.
is there any better way to roll over and stay with trend?
can you mention your JNSAR trade as conservative trade for some time? it will help up to learn your style, because i feel there is least discussion on this GREAT system.
thanks.
sir ji,
Thank You.
Julius
She is all in one
Cooldent sir,
good afternoon.
:) think so.
have a nice day.
@ anmpatel,
Conservative trade considerations are "complicated" compared to "JNSAR Trades".
Just a number stating the trend; and when you combine it with TT, you'll understand whether a major trend is in play or not.
Once you realise that current JNSAR trend is a major one, your reselling/ rebuying will have very high level of conviction.
In conclusion, it is very important to understand whether the "JNSAR trend" is a major one or a minor one or a sideways one using TT.
Hi dear sir Ilangi,
As mention in "premarket update" .."sold @5700NF(April) So we can sell attempt here or wait for level
plz guide
Alpesh
cooldent ji - unlimited lol??
patel ji - me had "electrol" nifty started moving??
@master
JNSAR trend major one/minor one means?
thanks.
Big moves come when least expected. not getting support at developing month low ema at 5646, and at 200 dma around 5615, may lead to a sudden fall to 5530-50, below which there is gap area support. nifty has failed to reach day pivot (5658) till now.
Ilango ji,
Day pivot,21hrsma and wedge trend line @ 5659.. Any move or close above 5659...will it call for a faster upmove?
Thanks,
Renju.S
@ anmpatel,
Major JNSAR Trend: JNSAR Down or up with month/ week TT in Down or UP.
Minor JNSAR Trend: JNSAR Down or up with Day TT in Down or UP.
Currently, this JNSAR downtrend triggered on 15th Mar. has come after Month & Week has turned down; hence, a major one.
So far upmoove looks corrective in A-B-C form and currently in fag end of C in both Banknifty and Nifty.Does not warrant any reversal towards upside.
@ Rashmi Renju,
These are "Intraday attempts by the price" which we are making into aggressive trades using pre-mkt levels/ patterns, etc.
Sharp rises, if any would only come after the EOD technicals have confirmed a "pause"(A close above DLEma-5650) or a "reversal"(a close above DEma-5686).
Until then, we follow this current price up towards 21 Hr sma+10 or 15 pts while holding above 5630.
@ Alpesh , Dk,
If you attempt to take a position based on what has been done in "Conservative table" yesterday, keep just 20 points as SL and consider any new signals that may come from EOD close.
Bearish Stick Sandwich on hourly chart , should wait for low of previous candle to be broken to engage in short position.
1 pm orb is a good indication of the afternoon session move. It has given a sell with sl at 5650
Prashant - agree with you for the lower Nos. but how can u say that it's not getting support at 5646 level??? any reason??? which time frame u r using??? tks n advance. 2 pm candle may be 5657 looks like that's cat on the wall again like yesterday 2 pm
@Master,
What is the TT set up for Sideways JNSAR Trend?
back -->
intra-day oscill says move may be corrective, if Hr corrective, St. Dlo @ 69 may resist...
went till 5658 VAl, cud not sustain and fallen below ORB high , again yesterday low support at 5634, but now below Nf avg
this selling looks similar to yesterday selling
strong addition in 5600pe but unwinding in 5700pe
addition also in 5600ce
my guess is biased towards downmove
@S4S
Am with u
a small expanding triangle developing in 2 min ns charts
4th leg near completion
5627 is T/L support but generally 4th leg gives some false break and then 5th leg may show sharp upmove towards 5660-5691 contrary to O.I data
@ krish pm,
During uptrend, when prices close below DHEma, the trend becomes sideways.
Similarly, during downtrend, when prices close above DLEma, the trend becomes sideways.
futures now turned to discounts
Retraced 61.8% of 5612 to 5655.
80% @ 5621.
SPOT , developing POC is 5645,
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx
NF again taken support at PDL 5633.9, this time though it break on 5mts, receovered in the next 5mt candle
yesterday selling at 2.00 today lets see ??!!!
New Post Done.
a bullish ww developing in ns 5 min 5 day charts
did pt3 near 5612 at open lows
pt 4th done near 5654ns
pt5 may form near 5593 ns(as per symmetrical pattern)on thursday morning session
pt6 may trgt near 5660-70 range and time is near eod
cmp 5647
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