AJ,NSE site provides the best details as required by you.
@ Shriram & satheesh,Both are minting in TataMotors WW pattern "Shorts".Satheesh is one disciplined trader. And Shri Ram's guidance & confirmation adds to it.
I'm a "Big Zero" in WW patterns and I envy you guys.It is just wonderful to see your application of it.Oh..Yes, "STOCK4SURE" too is an expert in this field. And there are a few quiet followers.
Master,sorry to sound repetitive ..is a 5fifer in BN-intra, done now sir (iv did a Running Flat) ? ur view helps make the best entry :-)
Ashriramplz have a look a small -WW may develop in Bn 2 min chartsmay move up near 10445-60 range to form pt5 and then may dip for a lower low below 10350 on monday first 2 hrs of trade
@ Shriram,I suggested "10360" to hold for intraday for a pause. It has held.Since I do not follow its chart intraday, I can't comment more.
@ illangoji, how u arrive 5903 for tsl for intraday
Nilesh,5903 is High for 13:00 Hour.You may consider 5897 now, which is 14:00 hr high.
Reposting:Shriram,The current Low is at the line joining the points 2,4 of -WW. May be a bounce from here :)10 DMA 20 DMA 50 DMA 100 DMA 200 DMA293.32 290.46 293.52 289.67 289.51 Chart updated in gmail group
Thanks Sir :) It would not have been possible without your guidance. But - one confession - yet to get disciplined. :)
Dear All,What looked like a falling wedge on 2 & 5 min Nifty chart...has done the first faster retracement of last fall from 5887 to 5869.9. in last 3 days.Raghavendra
@ Nilesh,rose mary is right.In a strongly trending mkt, I generally use either the last hour high or two hour high to trail.(in downtrend)
@ master : okies, tks sir !@ S4S : sure does look a -WW , but which is the RES pt, ur seeing to stop its rise ?Fibbo levels for retace of this fall from today's his are:-0% (b) 10,72323.6% 10,635.6838.2% 10,581.6650% 10,53861.8% 10,494.3476.4% 10,440.32100% (a) 10,353
Seems the TSL for intraday/shorts is being taken as last 2 hours high. First 5914/12 was indicated. Now 5903 (high of hour ending 1 'o clock)Might be wrong, but that's the first idea i have or from earlier posts.Still it might whipsaw and sit tight for 2-30 action!
@SJkolkata jiThanks for replying. I need to check individually for IVs in NSE. I need all IVs listed and sorted from high to low of ATM CE and PE. Possible?
Hi satheesh,yes, on TELCO -->sell on all rises now towards 1-3-5, and SL @ 304 as discussed.
@Master,Can we assume that 1 done and now 2nd startAnd can we carry our short???Please reply
A J,Yes Possible.Copy paste in excel and do whatever you want.....
@ Ilango Sir,Long from 5920 NF. Should I carry the same ??Please suggestThanks
Satheesh,Saw ur new chart... on hind-sight.. pt 1 seems Dubious.. as its not the END PT of any WAVE (b of a prior ABC, or iv of a prior 5wave)I wud wait on TELCO for a few more days @ S4S: is pt-1 valid in the -WW that Satheesh has shared on the JNgoogle groups?
Keep last fall retracement:From 5998 to 587038.0%- 5,91950.0%- 5,93461.8%- 5,949
@ RS,DLEma @ 5929; if it closes above it, it would be a confirmation of a pause.But to carry a long position, there are no signals yet., they are far away- a close above DEma-5982.
for intra taken intra values
BN: Lets also re-calib the Fibbo levels, just in case of a larger Retrace 100% (a) 11,28676.4% 11,065.81261.8% 10,929.59450% 10,819.538.2% 10,709.40623.6% 10,573.188
@ Sir,Thanks a bunch. got it.
Does this faster retrace of fall implies impulse wave is running ?
@SJkolkata jiThanks again. That will be tough though.
this is tussle with advantage bears for sure...rest 40 minutes still to go..yeh to sach mein anarkali ho gayee, shriram ji
Master,Both NS /BN entering some kind of Time/price Corrective sir? Pl guide on "Market-Mode" on Hr TA, based on wave form
AJNo Not at all,In the site its presented very well.
Shriram, Check group Gmail. I have posted an exhibit of perfect Bearish wave given by Bill Wolfe
There is a "tiny +ve div in Hour chart" while a major reversal is being confirmed in week TA if it closes below 5921 or 5942.Prices don't go down in one straight line and they react to various T/F's technicals.Hour T/A has attempted a reversal holding "5870". Treat it as a ST bounce as long as "5870" is not broken. Initially we monitor "5998 to 5870 falls' retrace".
Master,Consider nifty closing around 5900, protecting crucial 5970-60 levels... should we carry full quantity of JNSAR holdings OR carrying half quantiry is good? I think choice is as per individual risk apetite, but still like to hear from you.. which is wise decision!
Thanks master :-)there is significant intra OI adds. @ lower OTM PE strikes that add to the view@ Satheesh : replied.@ Sarvesh: Mughal-e-azam channel se bahar nikloge to "Kya super-cool hein hum" Dekh paayenge, kyun ? ;-)
@ rose mary,The cues were in the morning's Pre-mkt write up and the chart.A 1st wave done @ 5870 either from 5998(this means (i)st of 3rd) or from 6093. Hence, some part booking is alright.
respected llango sir were can i c the level in TT above indicated by u as DLEma @ 5929 i can c this level as pivot at 11:00 given by u pls guide me sir
"5880" is 80% retrace of the 5 wave upmove from 5870 to 5919.70.
5880(80%) broken ans 23.8% retrace also done
@ dharmu mishra,Read these:Tech.Table Reading
Sarvesh:This fall 5920-5876 , appears Hi-FreQ on the Oscill, and has not made a LL....
could any one pls guide me were DLEma @ 5929 is located in TT or were to find it
@dharmu mishra4th last column in TT above shows LEMAs for month/week/day/hr (column head is Low EMA)Clearly seen is 5929 for daily section and today's date.
@ Prithvi ChidambaramA major bearish pattern is being confirmed in weekly chart.Shorts are safe.
Master, Today Lots of comment from ur side to JNmates query "Master's Comments , JNmates Lesson" Thanx
Tuesday, RBI Policy Meeting!
@ dharmu mishra,Learn thoroughly; Let it take few months to even a year.Walk in the market with confidence.You should not be trading "looking for any ema".Once prepared well, the journey will be enjoyable & enriching.
Anand and llango sir thanks sorry to disturb u ad sir for these simple things i m a slow learner ad new to this kind of study thanksRespected sir LLango sir were can i find the elliot waves video tutorials which were there on right side pls guide sir i m working hard to lean completed all 8 points of start trading with this which r beautifully explained by u thanks sir
respected llango sir thanks for ur guidence i will try to learn it thoroughly thanks for ur encouragement sir
Wish all a happy Weekend !Master, waiting for tomos education, bye all :-)
bye shriram ji!!good bye master, please resolve my problem of not getting access to just nifty group,,i am feeling without my arrows
@Dharmu Mishra ji : No need to be sorry- we are all classmates ! ;-)As for study materials, keep searching ,keep learning but BE there in the market...! real trading / some losses will make the learning faster!For video tutorials search www.4shared.com or some other source. Good luck !
Dear All,Observations on IT stocks :Day TF RSI negative divergence on Infy with a shooting star pattern today.Week TF RSI negative divergence on TCSRaghavendra
ilangi sir I had short gold at 27100 is it safe to hold short .pls advice
Anand thanks for supporting
Ravi,I am looking at Gold Prices and Charts for last few weeks and my observation is towards Bullish Side.You should exercise caution is my suggestion.