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 ...
75 comments:
5941 is 0.618%. near to gap down area. Fight is going at 5900 strike price.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5870, R1-5923, ATP-5919, VWAP-5919
The 5900PE writers have upped the ante with huge addition for the day at 17.7 lacs and now net OI equal to that of 5900CE, Fight for domination of 5900 Level will be in next week…
Thanks & Regards
the Sensex moved up 147.25 points at 19560.79 and the Nifty was up 47.55 points at 5910.85. About 1503 shares advanced, 850 shares declined, and 1153 shares remain unchanged. The midcap index was up 1%. Future tips and Free Stock Tips
Observations & opinions :
Volumes always rise in direction of a trend.
Corrections price wise & time wise leads volumes contractions.
Hourly bearish Marubozu bar with increased volumes,if breaks bottom
next bar shows supply > demand.Red bar with tail or hammer with
increased volumes if top crossed by next bar it suggest the trapas
and price will spring up to cover shorts.
To day 1st H.vol 2.88 (crores & lakhs) 2nd 1.05 3rd only 56,64,000
agar market 5928 tak jake girna chahta hai to jane bhi do na,
Master,
in month time frame market is sell on rise ?
then why such rise is there in market is In month time frame we have whipsawed?
prakash ji,
ab market pehle high set karega, tab girega, wahi is month ke liye kar raha hai. Aaj ka high month ka high ho sakta hai.
Observations of Tech table :
4th March, 3 O'clock H.C.5703 > 5 HHEMA 5702 & h JNSAR 5702
Mkt has not closed even a single time below 5 HLEMA & rise > 200
points and still going on usually if 5 HLEMA breaks by 15 points it
may turn bearish in I-D time frame.
Trail for longs if any.
tips providers make u ride the mule facing backside and give the tail in ur hand to steer ur way thru stock market. keep it simple and faith in Jnsar and u will do fine, no need for extra smartness. A clever crow always................... u know what it is lolzzzzzzzz
sam bisen,rashi gupta,rajveerthakur,anubhuti mandloi,rishi gupta,falguni gyarsia - all of you - kindly leave this temple. if you have any problem, take clues but do not post any advertise please. sorry master if i am wrong.
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Master,
is this ZZ or a 5ifer from 5666 , sir ? :-)
this is our master's holy place, kindly do not post any advertise.
master they should be in the spam list please. and need hard lessons.
Bears killed with sharp bull attack. they want sympathy now.
Suja sis,
where r u?
11/3. amas.
Any guess?
@pankaj ji,
Shorted nifty as per your levels, pls suggest the sl? :)
Nikkei hits new 4-1/2 year high on exporters and real estates.
hello friends,
weekly and monthly HA candles converting in to HA DOJI from bearish candle s/o possible change in trend in higher t/f. just a HA indication.
thanks.
Is Sachin seen in Field?
NF at resistance levels -- the earlier supports as earmarked my the Master.
pankaj ji gap filled.now what?
So for now Nifty must have bounced from 5670 to 5870 and can even go higher till 5970 but if we do get a re-test in next few weeks it will be the best risk-reward opportunity for a 500-1000 pointer move like we got at 4500/4800 where we had given extreme bullish views— Post in May 2012 . So we will keep watching for another dip in next couple of months if it comes.
common nifty clear the 5971 or reach at 5970, though sanjay sir is also given tgt 5980.
NF: at this moment trying to move above 50DMA and if closes above this level, may see more upside in few days to come.
friends
daily UBB is also turning up by strength of prices...sit tight...
10day AMA is also turned up s/o this is just a start of trend!!!
@ Sanjay Jaiswal Sir as you said NF level will move towards at 5980 at 11 AM and done. Excellent Sir.
@parimalji
my software showing 50daySMA is right now 5942.88, whats ur value?
thanks.
Bearishness has no floors & Bullishness has no roofs
Why not to be trend following which makes us winers on both side.?
anmpatel
its same, mkt struggling if mages to close above it, new high will be very soon
Infosys: correction has created a probable bullish flag, if this is correct, then this counter may see sustained upside in the next week.
@ Harish tahkkar
Well said..
As DR Ji says .." jnsar par kar vishwas........
the eupheria wave.
now only burden is 5WHEMA 5961 and weekly upper KeltC 5980....if close above this than...hum.....no prediction....till jnsar hit.
Hello Anmpatel
NF 50DSMA is 5960. I am using GCI MT4 real-time charting software.
Seems like no more bears on the street - cleaned out!
Its done......now the time for bears....PEs are so cheap...5700/5800......good option..
Jai hind ho gaya.
offloaded my all.
Master ,
pls guide, shud hold on taking the wave to have morphed into IMPULSE or to avoid risk & book , as its near Wk hI ?
Disclaimer...I ma in 5800 pe @ 31
DRji
weekly train ko roke rakhana!!!!! aaj uska engine(HEMA) badal dete hai......TT(closeEMA) to badal hi gaya hai.....
@parimalji
thanks. i am using spider-iris-plus this is also real time...how this much big diff??
@mmarketman
please stop posting individual trade...a/c to TT setup u should buy calls...two days back when nifty hit's JNSAR and close above 5DHEMA.
Bullish engulf coming on the weekly charts, as suggested yesterday evening.
anmpatel
someone has to sell then only someone can buy :D
anmpatel...ok...1)..but it was disclosed to get authenticity only...practical trade i have done......2).I know this bull leg...as if you recall on 5 March @ 1.54 pm I said now its towards 5950....
So many people msg me, email me, doubts, questions when jnsar triggers stop loss. Unfortunately i dont see them around when jnsar gives big returns :(
And since the beginning of this leg...I was saying 5660 protected then upwards rally....this is modest clarification...
Anmpatel
there is little confusion in the air. i have give 50DMA level of NF. NS 50DMA is at 5945.
@cooldent
barobar hai bhai log...
@mmarketman
no hard feelings, i was just gave reminder posting trades is against MASTER's policy...
@mmarketman: Why don't you disclose your strategy instead of posting targets
Cooldent Sir,
GA. To be honest it has been the first time that I have had 150 points on two consecutive trades of JNSAR. I really do not remember any other time this happened.
running avg 5948.5....just little bit away from WHEMA...comeon nifty aaj to time bhi hai aur mauka bhi...(last day of week)
average close coming around 5946-48 levels, the weekly high ema, has move to 5958 levels as per sharekhan TT.
agree anmpatel.....it is not with any commercial interest.....but i think there must be disclaimer....if this is also against policy then ok.....but i personally feel one should disclose his trades while updating market....
anmpatel,
i don't want lvls.
but want to know whether to short or b in long?
mmarketman
avoid "I said"
we are saying successively for the last few years
and never repeat it
RS...ask me your doubts
typo running avg is 5947.14
Also we closing able all Sma/ ema on weekly and daily basis
Correction--"It may have happened, but not for me".
Hitendra
i humbly suggest: is there an indication saying so, to sell or otherwise?
its all mixture of moveing averages...Camrilla...Fibo......retracement....
ok thanks parimal
@hitendra
!! i trade strictly a/c to JNSAR...other no are for just to decide strength in various t/f. and part booking style diff for diff people here, i use master's 50,100 point policy and keep part till next hit of jnsar and reverse...hope u got my answer.
@Mmarketman: How can I have doubts if I don't know your strategy. You were right about 5950...Ok I agree
Would help if you post abt ur strategy and let people understand the same as Master has been doing for years now
ok bye friends work to do...wishing you all happy week end.
@ Cooldent :
There is a reason for tat..
JNSAR or any MA based SAR , gives big returns, only when u have a SIZABLE TREND
A SAR system however will work better if the MA is use to trail & exit (avoid ENTRY)
REASON is : Best ENTRY is made when :
1. price is near Support / REs ; &
2. market is chaning mode from CORRECTIVE to TREND
For these 2 conditions, the Best ENTRY is with:-
1. Hi-loEMAs
2. hiFreQ osicllators; and
3. Feedback of OI
Pls remember these will give the SIGNAL with LEAST LAG (definitely better than standalone MA based SAR)
@ Yash and Dhan,
It happened somany times...
Perhaps you maight not have traded or mistaken in some cases....
master- if "v" ,the alt veiw, is unfolding then what can be the tgt with comparison to i or iii.?
Dear Master Illango,
Sir please let me make understand the stop loss & stop loss management in the different conditions i.e Re-entry stop loss, trailing stop loss, Minimization of stop loss on sensing reversal for a person trading JNSAR (short term trend) using hourly trend to trade(Entry, exit, stop loss,trailing stop loss & profit booking).
Sir please do reply when time permits. Thanking you
master, thanks for creating filter. and goodbye to advertisers
Sir,
whether we can consider this pullback as wave-2, which is 61.8% retracement of the previous fall. Considering this i think 3rd wave shall target 5250; obviously it shall have sub-waves. First target of this 3rd wave may be 5525-50 and will be completing A-B-C.
Regards.
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