Only when trust happens, "Following" is possible.
I did not mean here for you to trust me but "Trust in Yourself"
I did not mean here for you to trust me but "Trust in Yourself"
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 ...
22 comments:
Anandha said...
Nifty 6000 PE made the range of 125 to 135 which we were looking for 2 days. Hope it is good to book profits.
@ DKG,
Do you still beilieve that 6000 PE can make 250/- ?
However there is a chance that Nifty may see 5850 levels before up move.But I do not like to take that risk after reaching my targets. If crosses 135 and closes then will take 1 or 2 lots of 5600 PE by EOD. What do you say?
June 3, 2013 at 1:31 PM
Hi Anandha,
Look at 6000 PE........
Anandha said...
Nifty 6000 PE made the range of 125 to 135 which we were looking for 2 days. Hope it is good to book profits.
@ DKG,
Do you still beilieve that 6000 PE can make 250/- ?
However there is a chance that Nifty may see 5850 levels before up move.But I do not like to take that risk after reaching my targets. If crosses 135 and closes then will take 1 or 2 lots of 5600 PE by EOD. What do you say?
June 3, 2013 at 1:31 PM
Hi Anandha,
Look at 6000 PE........
@Shriram,
Reposting
Something interesting i came across, which may be you are already aware,
From the Low of 5477, to the high of 6229, we took 26 trading days for 752 pts , excl the saturday trade. So on average 28.9 pts per day.
The fall from 6229 till 5683 has taken, so far 19 days , if we including the common day on 20th may, which is included in rally days also. The fall is 546 pts , on average 28.73 pts,.
we have retrace so far 73% and time wise also 19/26= 73%. So looks like we are retracing the entire rise almost in symmetry with time and price .
At this space , we can easily go near April lows by 24th.
I want to watch how the NS reacts at 80% levels, which is also the wedge support.
I have no EW views, i only follow masters label and your comments
Dear Chetas
very nice observation. Cheers!!
hi chetas,
sorry for delay, was in trade
Ur obsv is v good.. one simple layman obsv, in a wave once the color of Candle Real Bodies say white starts occuring > Black (on that T/f)
its the simplest & most basic indicator of TREND is the feeling :-)
@ S4S: do u see a -WW complete in BN / NS intra, pls ?
if inv h & s 5730 tgt.
nobody body mentions ND sir stop loss
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5776, S1-5743, S2-5714, ATP-5715, VWAP-5715
A repeat of yesterday, but now with 5700CE, 20 lacs added for the day, up-move if any will be short lived one. Sell on rallies….
Thanks & Regards
Till now any hr closing is not below 5700
Has anybody observing this ?
Any significance of such kind of movement?
Prakashbkc -- yes and also good volumes to support that number, lets c...
Hi chetas good observation..im also observing same issue..in fact i won our blog expiry contest by using same formula(http://tradeinniftyonly.blogspot.com/2012/01/nifty-uptrending-ends-settlement-firm.html)...
dear master u say to us to trust ourself fine but u do not update charts that becomes problem because we depend on charts as we do not have any tools . so pl consider this as request
Namaste Ilango Sir And All.
@ Sandeep Sir.
Whenever a break out occurs Days High and Days Lows is SL
for ND Sir's ATR.
Sandeep - Charts are updated along with TT (latest 1.00Pm)... moreover, I would suggest "you" to manually update the excel provided by master. this will bring in more confidence.. trust me, i am actually doing it now and feeling the difference...
India Vix heading up (19.5 +) and 2:30 Approaching.
Fast fall expected now and if 5690 is not saved for 5 waves to be completed (as mentioned in chart), should we see new lows for the day?
Hello BB
look at the TataSteel chart, due to positive divergence on hrly, a rise is given and now fully sold out. be with the trend.
Hi Parimal,
Question is where will it stop falling?
Dear BB
TataSteel: when day chart will have positive divergence and end of 5-waves along with other TT components.
ns if < 5696 then watch for a fall (expcted)
till 5647
New Post Done.
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