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 ...
52 comments:
@SBTSBT...
ha...ha..ha...good idea will try....
@master
only hrly raw is updated in TT 12 pm update.
7400pe writers fast but they should be furious to cover 7400ce writers.....other wise...fush...fus....
Dr.Patel,
Try NSE mobile for trading, it's seemless and handy to trade from anywhere.
But Trading business has many external risk like Human error, System Error, Network Error and many more which has to accounted for...
a small bearish WW may develop in BN charts
may form pt4 below 15245
pt5 may form near 15300 near 12.50pm
trgts below 15240
@crorepathi...
yep...but it was pure mistake..i do not trade daily...only on the judgement day!!!
i let him go.."kshama"
Croreji,
"risk like Human error, System Error, Network Error and " and Trading itself is error !!!
MAY have form pt4 near 15245
ha ha ha rajagopal...ROFL... its like marriage is a necessary evil... trading is a necessary error (mistake) we love to make ...
nifty retraces 80% of fall from 7433-7360..intersting venture...
RG Sir,
Lolzz...Sooper likeee,
Like Rajini says, "manushana poranthathe paavam"
BN support at 15234
may do some upmove for 15290
@ J.R.Julius
Thanks for such a detailed explanation on trading Cámáríllá!
You have given a new perspective for trading CAM in Uptrend and Downtrend.
Earlier I would have used levels as they came but this differentiation will definitely help in taking informed trades.
And yes keeping low expectation from gains is the key to intraday trading. And without keeping Trailing Stops have missed on many profitable trades :)
@Ilango Sir,
One more high should complete a fiver from day low? Am I reading it right?
--> back
Master, to EW eyes.. this whole move down from 7563.50 NS ,... wot kind of corrective form is it making ?
Does "FORM" suit a Trig. sir ??
SIR E WAVE 1st done7360 now2nd up can we see 3rd down 7267?
OR D WAVE 5TH LEG 7360 TO 7446?
last upmove was 7433-7342=91 pts
adding 91 to 7360......trgt comes near 7451
lo...back to inside the channel.....
Now only, 5 done from 7216 lows.
Good Morning Ilango Sir & blogmates,
being absent for quite a while.
What are the chances of a false d break-out?
ok sir has clarified very well
From day's low, one more high could be possible to complete a 5.
@master
but as per chart 5 done at 7433 the green (i)....
thanks.
Sir from days low 3 Dove at 7437 abs then 4 at 7420. One more high pending. May be near to channel resistance or 80%
Dear Sir,
A query: Whether a 2'o clock close within the channel will confirm a false break-out?
@prabhanshu...
7425 is the channel resistance for running hour...m i right?
thanks.
weekly chart inside bar need toping tail
http://ichart.finance.yahoo.com/z?s=%5ENSEI&t=1d&l=on&z=l&q=c&p=e20,p&a=ss,r14&c=&kkk=1401954237327
Anm: yes, thanks for highlighting.
Anm, I will wait for 80% for short with 10 point sl. Let's c
@prabhanshu
are yaar...jane do na nifty ko upar....ha...ha...ha..ha..
i worked aggressively at 7415....
nifty may probably dip near to 7420 ns once be4 start for an upmove for HH near 7443ns near 1.50-2.00pm
@ anmpatel,
The "ii"nd wave that retraced to 7219 took 7 hours; hence, considering such an alt.view.
Bottomline: Holding approx.7400, impulsive uptrend in either case.
@master
thanks. so only 7450 is the key no. right?
Good afternoon master: Is there any invalidation pt for count e and (iii) started form 7361...Thanking you
chalo lets have some light moments ... Aarz karte hein , mulahiza farmayein :-
Suna hein mohabbat mein raaton ki neend chali jaati hein,
waah , waah... Dard samjhiyega
Suna hein mohabbat mein raaton ki neend chali jaati hein, ...
....
...
Koi humse bhi karlo, kambhaqt hume bahut jyada aati hein !! :-DDDddd
@ Atharva ,
"e" almost disappears...
"iii"rd started from 7361 is the preferred one. Alternative one : 7216 to 7445 approx, a 5 being done.
In shorter form waves sub-divide which make the correct calling diff. However, direction and risk-reward of a form should get prominence while following such ST EW analysis.
one que sir, do u think 7216 to 7440 move is part of impulsive 3rd from 7216 or looks D only
@ intraday trader,
It resembles more of an impulsive sub-wave.
But it need just one more "thrust" above 7445-50 & sustain.
i think 7446 is reversal zone
@shriram...
wah..wah....1 aur...1 aur...
thank u sir
zindagi ne diye bade dhoke... zindagi ne diye bade dhoke...
...
aur kaam waali bai ne baaki saare nikale, dho ke ;-)
Some larger T/f Fibbo milestones to be aware of :-
1. 138.2% x(4531-6229)+5119 = 7456 NS
2. 123.6%x(5119-6415)+5933 = 7530 NS
@shriram...
wah...wah....1 aur 1 aur....ha..ha...ha..
@ Anmp : laalach buri bala hein .. lighten ho gaye, to ab BHAAV par dhyaan do ;-)
near res2 7451
@drji..
banknifty ko jara chalao....nifty ko bhi thodi lift mil jayegi...please....
@shriram
as a jnsar trader i have nothing to do.....so just enjoying your shayaris....
1 sharif aadmi ko kya chahiye?
1 biwi jo pyaar kare..
1 biwi jo a66a khana banaye...
1 biwi jo ghar ko sambhal le..
aur
teeno biwiya mil-julkar rahe....
New Post Done.
7500 Call writers are still active
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