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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
27 comments:
5 sub-waves almost done from 7623 to 7697(unless waves sub-divide)
Follow the retrace from 7623 to 7697 (or xxxx)
Below 7685, retrace is confirmed..
Goodmorning Sir. Is there a Bearish Harami Pattern forming on TCS future?? I stand to b corrected Sir,but the downside target to Me seems to be sub 2300. apprx 2285. wud you b kind enuf to enlighten Sir
Prabhanshu/Chetna - Your views on Tata Steel please
RANDOM WORDS:
Value System & Reality ?
What is a Value System .. its the culture, ethos with which we try to live our lives.. a way to align with REALITY , and come out trumps
But lets be clear, a VALUE SYSTEM is NOT REALITY.. Its a set of rules, to help us come thru life with as less pain & as more wins, as possible, while maintaining the peace within our souls.
Value Systems can differ based on Culture, Region, Religion. Heck its as differentiated as the GENOME coded in all living beings.
The same holds good to the REALITY OF WAR. Ancient China had a hundred Gung-fo (Kung-fu) schools each claiming their "SYSTEM" was the BEST.
It took a Bruce Lee to say that "Best" is RELATIVE... the SYSTEM should suit the DNA of the FIGHTER. There is no perfect weapon, only the perfect partnership of FIGHT STYLE & WARRIOR's PHYSICAL ATTRIBUTES .. there is only 1 REALITY IN WAR... and that is the end-result !
Come to Trading... We often mix up the VALUE SYSTEM (trade system , EW, GANN, MA, MP, AStro maybe ?) with REALITY (BHAAV).
Is it ?? What makes a Trade Warrior really gr8 is not his SYSTEM alone. But how he can dance in sync with his MENTAL ATTRIBUTES & find the Right VALUE SYSTEM to suit his Fight Style.
When HUMAN Opinion aligns with Reality , thru understanding of self & understanding of REALITY OF PRICE (Bhaav), that creates Magic !!
Profit Magic :-)
@ Unknown,
I can not give stock views for trading unless I have the chart file which I do not have.
From google chart, it shows a 5 wave fall is complete from 2432 to 2382 and its 61.8% retrace comes around 2414 till which point, it could retrace.
It should not breach the 80% at 2422.
If resisted at 2414-22 zone, it could fall by 50Rs again.
llango sir can we short nifty below 7685
@Monsoon...
Mumbai rains in first gear...hope to accelerate....
Hope JN mates from other locations have rains too.....TN / Andhra east coast it seems good rains...:):)
Ride the trend patiently.....:):)
thankyou Sir.
Nifty @ 7700 does not seem to be a touch and go game... some kind of negotiation going on. This is serious stuff :P
@Shriram.....thoughts to ponder and chew on........thx...:):)
llango sir tcs 50% level is
@ shailesh,
Now, weak be low 7690 for intraday; until then prices could continue to rise for targets:
If 7481 to 7642 was 161 points,
7623+161=7784 minimum target for 3rd wave.
@ shailesh,
50% done at 2407.
When index is uptrending, choose stocks for upmoves.
@ SB : yeah.. TA study, nudges a person to look @ life itself in a broader perspective !
No. pt being judgmental about others & their values, is wot TA teaches .... every Human is groping in the dark, pursuing Happiness, Searching for REALTIY...
Everyone is locked in their own mental war !
something interesting happening on MCX... maybe?
https://pbs.twimg.com/media/Brg1tHECEAAxqxb.png:large
Reliance 10SMA @1037 apprx. unable to cross and sustain this MAY render a SELL OFF in RIL and NIFTY
Good point of Entry into Reliance wud be around 1007 levels
Sir your suggestion on playing the markets on the FIBO/Retrace ratio is absolutely Fantastic Sir. it ensures minimum loss and maximum Gains. Thankyou Sir for all the Help
master
can we short nifty here
dear sir now it doun and bank are profit booking..? can given infy,tcs ,hcltech viwe.?
ns strength > 7690/94 & weakness < 7690/84
Close Location Values on TCS as well as Reliance show O/S zone.temporary bounce back on TCS likely.altough Reliance is already on an O/S zone since 997-1000 levels. probableconsolidation on Reliance going on
@ Ilango Sir - Is there a breakout in RIL above 1030 spot ...?
dear sir ilangoji infy short jnsar is 3226 todayhigh of 3241 so ...? hit or not can given me sl of stock jnsar
Is TCS consolidating on an Intraday basis at 24% fibo ???
New Post Done.
herry, perhaps it is not in my jurisdiction to say this, as the Question was asked 2 Sir directly.Sir has given us such a CONVENIENT n EASY TOOL to doourTrades. play da fibo levels as the market nindividual stocks are settled with their respct highs n lows. enter a fibo level< keep a s/l above or below dat fibo level and go long or short
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