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 ...
51 comments:
Be independent Whatever the Technical Numbers you follow...
Have A Crystal Clear Plan
(1) Where to Enter?
(2) Where to partbook? or Where to Add?
(3) Where to place stoploss?
(4) Where to Exit?
(5) Learn to Stick to your own trade plan
When you stop asking someone : what to do?
You have taken the very first step to become an Individual Trader!
GM sir nd friends :)
patel ji - oops..take care . it's very difficult when health spoils :( me too not frequent these days so i am late very sorry for that.
Shriram ji - u r always kolaveri on me..no idea to post "bit easy things" for me?? huh.. ur brain made up of "intel inside with high processor" speed.with good ram capaicty. . but for me god built up "idiot outside" with less ram capacity"
Good day to all
Julius - hi :) naan vanthen.. sir ange "door closed" board mattitat..vidakandee.. hehe copied here :)
June 18, 2013 at 10:07 AM
5844-5850 gap which type of this gap ?
sell 5820
ThanQ ANM Patelji for Ur clarification about JNSAR. I pray GOD for speedy recovery of Ur family members.
@Rahul Jamkar, I stand corrected regarding JNSAR SL for today - M S Rao
@Sujatha,
Irregularaana Student Vanthaa appadithaan pannuvom...
Amol Sharma
today Nifty opened with a gap-down, so far it could not fill it
Suja:
We r poor hungry indian, pls pray to Mayan Gods us poor ppls ;-)
coming to NS
St.MnEMA @ 5865 has rejected the rise for now
59CE adding 9 lacs OI intra, suggests as of now these r saying ceiling being formed @ 5855-65
On other hand Bulls still protecting 5800 NS, and 58PE OI is unchanged
St.DEMA : 5813, dev.WkLo: 5807
Writers day out today , or may be a later surge with EU open in afty ??
Hi Julius
i am from Pune, I have some little hold on Telugu, and one day i wish to grasp Tamil, wish me best!
Hi All,
Do we need to apply filter of 20 points to today JNSAR or not... in sir chart JNSAR is shown with no filter... which is recommended?
In the 5 mins chart....it is appearing that to sell @ 5820 NF
Good Morning Gurudev and friends
Suresh ji, i sold in Truckload :D
still i am bullish and expecting min 5872-74 target with sl of 5796
Resistance is @ CAM point 5827 NS...
As per the 5 mins chart...Now down trend started..
As per Ilango Sir...Intraday weakness will be below 5840NS..and Minor support at 5811 NS..
can any one clear my doubt. If a stock is nearing higher/lower circuit limit in a day, does it mean it will not cross/break the circuit limits.for example, DLF upper circuit limit is 208 and lower circuit limit is 170.Can we assume that in case of wild move it will not breach 208 and break down below 170.
@Shriramji,
I think Mayan dead on 21/12/2012 - R.I.P - :p
My Guess on Mayan @5151 or 5590
Let Sujathaji come & show some light.
@Parimalji,
just kidding in mother tongue...
hope u take it lightly...
@ venky, that is correct
Dear Julius
i love your spirit of 'kidding'. but am serious on learning Tamil. may take time.
SGX trailing NF by about 20 points.
Sell paani puri...
Namasthe ilango sir and frineds,
Today's quote received :
The lessons we learn from PAIN
will always make us the STRONGEST
Ganga suresh: Have you sold @5820?
@master and friends...
thanks for your wishes and warmth...
critical period is over both saved...from death almost..
I am also very very much thankfull to my medico friends..
now just taking care of both..and also thankfull to my 7yr son who rang me when my wife was convulsing at 7 month pregnancy at home and I am at surgery..whenever I remember if my son didnt call me...horrible..
master thanks for all extra market teaching...it help me lot in critical period..stay focus and remain calmness any many other saturday post whih make my inner soul strong..I dont know how I will return all your kindness...
anyway both are ok..at home and well. and will back in short time.
Heard somewhere,,,, Experience is like a comb that you after loosing the hair.
@anm patel, that was serious..good job done to manage the situation and take care..God bless both the beings
goodmorning sir and other blogmates
sir as jnsar trade was taken by me with 20 points sl in morning i got out of my longs but confused about taking shorts as jnsar is green so is it a buy or short sir please clear.
JNSAR if hits down today, shal be in the region of favorable zone..the overbought one..
@ anmpatel,
Keep faith in Almighty.
He cares for all.
Pain is always...to make us strong. You must have realized this being a doctor.
Take care...At last all is well.....
GM Master,
In Hr Slow MACD divergence for selling still to emerge Also Day 5D yet to reach OB If we combine this then in coming hrs if any SELL signal to emerge then HrSlowMACD should display -ve div
For this to occur a new high >5855 should emerge in coming hrs & tommorrow EOD 5D should trigger Sell.
but now we can comfortably buy nifty for target >5855?
Aditya Jain, Today's JNSAR triggered at 5825 NS and SL is 5805 NS. As of now JNSAR is buy only - M S Rao
a beautiful -WW forming on hrly charts...
if NS trades consistently < todays swing low & St.DEMA @ 5815-14,
we may get a hi-prob short set up to following Fibbo retrace levels ?
0% (b) 5,855
23.6% 5,814.408
38.2% 5,789.296
50% 5,769
61.8% 5,748.704
76.4% 5,723.592
100% (a) 5,683
ns if > 5842 then WATCH
RIL above R1 831
@ Shriram,
I am not able so see the WW, can you please tell me what are the points.
a -WW developing in 5min charts
ns may move up towards 5870ns levels near eod today to form pt5 considering symmetry b/w pts 1-3-and5
and may dip again towards 5800ns tomorrow(that may also be eod tomorrow)
BN is jolted by RBI, so it is weighing on Nifty
@ Chetas
2 possiblities
I. -WW already formed (Waiting for Reversal trigger < 5DEMA)
1: 5793
2: 5683
3: 5825
4. 5770
5. 5855 (ysday)
II. -WW in formation (pt 5 in play)
1. 5825
2. 5770
3. 5855
4. 5815
5. 58XX in play (should form near 5870-85 NS)
Hi JRJ,
my mistake. I should have given my plan. Although written in my diary.
entry- 5827 (cam)
Profit- 20 points
Sl - 5807 (20 points)
Reverse position if goes below 5803
My first trade after a long time, so having bit less confidence. Did paper trade but confidence matters when we trade with real money.
Wish I will gain confidence slowly along with small wins
@Prabhanshu ji,
Time is the best teacher.
Best Wishes.
thank you rao ji
@ ANMPATEL,
Just read your post and was completely shocked. Fantastic work done by your son in pressure situation. God bless all of you. My wishes are with you.
Thanks, currently long from 5827
@ Shriram,
Thankyou :)
Day HEMA 5840 -- strong barrier-- several failed attempts
@shriram
if your first -WW (though its not symmetrical)comes true then trgts are very scary
possibility of 5770 and that too today
New Post Done.
scary predictions after JNSAR attempting long side.
also a small channel is developing in ns 2 min charts
if 5830ns (lower T/L)is held then may move up towards 5855 ns levels(upper T/L)
cmp 5834ns
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