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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
53 comments:
@S4S: Correction numbers for today or in general?
@ Shriram,
Trend is bending for day T/F-EOD would confirm it.
A crucial week as week TA has reached OB zone.
IIango Ji,
If Nifty closes today at a level where it is below 5EMA, DHEMA, DLEMA and tomm.JNSAR...what are the possiblities of a Whipsaw trade
Thanks,
Renju.S
@ Renju S,
Whipsaws happen when a major reversal happens or after a "Big-win" JNSAR Trade, last one having gained 560 points.
tks master!
"5975" is approx. 20 points less DLEma for the day..
To manage trades or re-sell, keep retrace of the fall from 6065.(to 5995 presently)-6030-38.
If market made top then it is double top which is very much bearish pattern. will lead serious fall in coming months.
@ rajapvt
crossover at 12ema /34ema ?
master is the correction due to dollar index @ 83.25?
as master said ...5970 is strong support ..
Yes Nilesh, Crossover 12/34 EMA occurred. One can short in pullback (6067/6071) or in next candle open (based on risk level) and wait for next SAR long trigger.
@ rajapvt
Thanks for alerting.
One Q: How many times you have found that 12/34 EMA crossover was not supported by your other criteria (Stoch & RSI < 50)?
@Renju S
Thanks.
Already shorted at @6038. Waiting for another short at JNSAR.
Regards
@Anand
Bingo...now JNSAR is in short
@Renju S
Yes JNSAR has hit but waiting for some pull back.
Regards
@master,
JNSAR @ short.
Can we short at this juncture ?
Background: this is my first JNSAR trade
So day JNSAR was triggered short. Just to confirm, if the SL 20 pts is hit, then we again go long on JNSAR or just cover the short position and stay neutral till next trigger tomorrow?
thanks
can we go short as per JNSR
Dinesh Rishi Ji nahi dikhe aaj, Saturday ko to bade kush the...
wise buying 5950 with stop loss 5625
SAR Update: 12/34 EMA coming to 6046/6062, NF Prices.
Sir
What would be BN JNSAR for tomorrow.
Thanks
can ns cross above 5d-lema ?
6017
Sriramji
LT made a low of 1516.15
Dinesh Rishi has pushed bn down by 300 pts almost - let him have a beer (bear-drink) now :-0
@rajapvt
u r checking on google chart or any other
@ arvindkering,
12572
respected llango sir which level is to b watched carefully for todays short ad for carrying position for tomoro
@ arvindkering,
Grahan karaayache ani LT che abhaar manavayache,
Ani pudhe suddha ashi ch krupa-drushti aso, ase nivedan karayache :-)
Thank you sir
Now who want to go long Because JNSAR SHORT TRIGGERED.............................................................
VIX index trading above 17.50 level.
@ Jitendra Mishra,
5DEma @ 6046.
this correction is healthy till nifty does not close below 5970ns today
if tomorrow open with a gapup then can be a very good green day tomorrow
shorter ki vaat lagegi
towards 6100 again
@S4S: May not be huge upmove. Have you checked the OI of OTM CE data.
@STOCK4SURE What is technical base to it which indicator you are studying for this ?
thank u sir
STOCK4SURE,
may i ask you one question ? Are long as per WW ?
DKG said...
Dinesh Rishi Ji nahi dikhe aaj, Saturday ko to bade kush the...
Lolzzzzzzzzzzzzzz
DKG gimmi -250
Huge 12 lac plus addition @ 6000 CE and JNSAR triggered short.
Now NS definitely closing below 5991 day JNSAR
respected sir llango 6046 5dema should b considered as sl and what should b the first target ad for what reson. one more thing sir what is OB range i m trying to learn the abc master thanks
DR Ji,
-250 kya aap -500 Lo, within 2-3 days.
5975 is also broken :(. Where does it stop?
nifty spot gone oversold in fast stoc osc. can we expect bounce till hourly loe ema.
@ Saurabh,
The EOD signals are for "Sell on rises"....rise will come but selling is preferable till Day T/F becomes OS.
Sir,
It is type of crash or shorter trap.
Regards
Thanx Sir.
Ilango Kindly send the Bank Nifty updated file to the group once.
Camarilla EOD Comment : Nifty Spot
Trade#1 SL hit
20+20= -40pts
Trade#2 L4[SELL]@6062
Partbook@20pts
3:25pm Square of 5979@83pts
Overall +63pts
A disciplined Camarilla trader could have booked 40pts(minimum) profit!
///Mr.Ilango said...
@ Saurabh,
The EOD signals are for "Sell on rises"....rise will come but selling is preferable till Day T/F becomes OS.///
Tomorrow's Hot Button could be H3@6017.
Bye All.
Dhanyawad Sriramji,
wel aslyawar aple 30 mins trading shikwawe
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