@ vinayak gangule,I read "Beckman" in detail and keeping Prechter for reference. Haven't touched the book for the last few years. Market teaches everything once you take the basics right.
@ Chetna,+WW is formed in BN , 5mins.. chart
Dear Ilango sir,Can the move up from 6171 to 6225 be considered as a 4th wave up and now we are in 5th wave down to 6145-60 levels to complete the "i" down ?Additional reason being developing positive divergence in 9 & 14 RSI - hourly chart
2 shriram,, i just had a guess,,,am zero in it, though..thanks for the confirmation,,please mention the stoploss and how to reach at it?
@ Cheta:First wot is pot tgt of the +WW : 11,100 tats 80 pts from CMPSo Min acceptable SL for R:R = 1:2 min , i.e 40 pts.. can try accordingly.
okay, thank you!
Sufficient strong signals on the CE side from OI data. 6300CE now has the highest OI for the series after overtaking 6500CE. So slowly bears have started to pour concrete over 6300 spot. While looks like bulls are still nursing their injuries. Hence not much addition in puts which are all quite spread across. I am not sure, maybe Master's tgts might become reality soon. Seems like we might slowly fall below 6070 also. Any experts on momentum & volumes? Can you please shed your observations?
@ Chetna:Pls note --> will trigger on close > 11,030 only (has to recoup > 1-3-5 line, as ENTRY Trigger)
@shriram, thanks ..i got that now...not into trade
@ Illango ,@ Shriram,For new learner like us the need of book is must . Prechter book is very difficult to understand .Can you please elaborate how to study EW in deeper way. Any study material.
Pretcher's book is really easy...no matter how many books you read, unless you practice it, you won't get results. Would suggest you to read as much material as you can and get all the good bits from every where you can....and start practicing asap ;)
ilango ji,Wave b over @ 6170 ??
@ Sagar:If ur new, I would say AVOID EW.. 1st become super strong in classic TA, TLs, Fibbo , Indicators & OIEW --> Amplifies MIND MADNESS, unless ur a guru like ILANGO. Later once, u start understanding SUPREMACY OF PRICE ACTION, u can try ur hand @ EW,. This is being proposed as a practical strat to get started w.o losing BIG
3.00PM TT & Chart Updated.
@ shriram,,super advice....you know the pulse, when u know price action and analysis..only then a predictive study like elliott's should be taken
@Shriram sir,Thank You!I am new EW not to technicals.I do trade on the simple Jnsar but a very small qty.Thinking to practice EW for next few years.. Would appreciate if you provide some path to study EW in deeper way.
@ Sagar:For EW : Prechter is the simplest of all books. And later Ramki 's Five Waves for Practical Tuning
@ shriram, do you have ramki's PC version???or kindle?
@ Chetna:The Ramki PDF is already loaded on the JN Group multiple times. And ur right , predictive study shud overlap an ENTRY TRIGGER based on HARD DATA.. predictive study is to generate TGTs & Hi-prob PATTERNSDATA STUDY is needed to Increase R:R & % prob of success of a Suspect pattern whether EW/ Harmonic or WW, or even simple humble Bull flags :-)
@ Shriram ,Thank you! Do you prefer neo wave over elliott wave. Few peoples suggested me for neo wave stating it overcomes drawbacks of EW. Which one you will recommend?
NS trying to close above 50DMA ?
@ Sagar:I prefer simple Flags & WWs the most !
@shriram,, please provide me the link,,thank you!
average closing plz?
@ Chetna: pls send me a test mail
@Alyaverage closing till 3:28 is 6192..
thnks anand. seems like it will close above 50 dma
Closed at 50DMA with Vix up to 16.5 (4%) and BN down 1%...<DLEMA of 6209 and even HR-EMA of 6193..So bearish engulfing gave followup today...However 6170 has acted support last two days...will it be double bottom for bulls tomorrow?
@shriram, please check your inbox.i sent a test mail at firstname.lastname@example.org