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...
46 comments:
Herry, r u short or long on TCS ????
Sriram any views on RIL???? the 980 putt counter has more momentum dan even the 1000 pe counter
@ Bharat: holding 980 CB, can gun for new highs > 1100
@Ilango Sir,
Could you please share BN and Nifty bull flag targets?
when time permits.
a small bullish WW may be developing in nifty charts
may have formed pt4 near 7734.XX
may form pt5 below 7720 near 1.00-1.15pm
trgt 7745-50 be4 eod
this view will be negated abv 7742
Good Afternoon Master and Friends---
Mid Point --- 7714 also HRLema (R-7966 s-7461) PCR 0.94 (Bullish)
NF hovering around 7750.40 @ 50% of intraday range
TCS LAST FALL 80% IS 2422 CAN SEEL SL HIT NOW 5TH WAVE IS START...?
hello friends
update
bullish WW update
may have formed pt5 near 7710 cmp
trgts 7745-50 intraday and 7774 till tomorrow
@ STOCK4SURE
Could you share the coordinates of WW?
@Sonu
7723-7741-7722-7736-7709-7760(??)
ns cmp 7713..till 7726 no real res in nifty way......7726-31 res range abv that bulls again take control
@ STOCK4SURE
Thanks. The pt 5 formed way below (ideal 7720). I am not sure if it can still be considered a WW. What do you think? At 1 point WW should be considered invalid... isn't it?
Literally 7740 on NF will hold the key currently for a break out or break down
Altough Nifty is highly highly O/B. however one last push 2 get rid av all da shorts I guess
@Shriram Sir,
What should be the SL for point5 formation in WW? Is there any formula that you could share?
@ Sonu: Business of Businesses waala pt1 reminder for u ,
what DATA / Indicator Clue is being used to confirm if this suspect WW is Hi-prob ? :-)
@Shriram Sir,
You shared the BN bull flag chart on Monday. For educational purpose again: what should be SL for the flag? and how to derive the SL?
@ Unknown,
RIL is in a falling wedge in Day TF. Lower boundary of the wedge is between 982 to 990 levels.
dear sir nifty -BN and IT are opposite side...evrry time
@Shriram Sir,
I am using MACD for divergence (+ve or -ve). But as of now no divergence seen.
But from standalone perspective, what should be the SL for WW pt 5?
can see a small +WW to form pt5 near 7708 NS... see this, now how to make this Hi-prob ??
http://prntscr.com/3yxfjg
@ Sonu: SL is not based on Pattern.. SL is based on MAX. Risk acceptable... mine is 20pts per lot .. 1K
Choice of pattern is made, based on MIN. Pot. Risk: Reward for taking the RISK .. in my case, its 1:2 , so aim to choose only those patterns that offer MIN. 40pts
also.. TIME is v important in Triggering Entry... most patterns (WW , Flags, Pennants) are formed where TIme of Consol (ABC) is = / > than Time(of flag ka pole or danda or prev. 5waves)
Thankx Raghvendr. my take NF sustaining n above 7740 = 7800
sir,
it requires to click "update" for the new page
At 61.8% fibo intraday @7756, Nifty will becum BULLISH
Just as SIR has suggested even on an Intraday level by playing mearly the FIBO levels one can make tremendous money with minimum losses
Sir not able to see the new post
sir,
unable to see 2pm update
Just wandering how many of them are full time trader in this group or rather earn a living from Stock
anyone can see the new post?
Looks like 3 pm close can give a good run... which side not sure :D
@ Prabhanshu sir
Yesturday's Rcom..bull flag is still valid
Close below 144 had given sell or still @ eod we have to confirm that
Thanks
GE
Sir not able to see 2pm post
whts on with da new page guys???
sir page not refreshing
Sir, 2.00p.m.post not accessible.
Ni3, it was +ww which will get invalidated or sl hit if at 3pm close is below 144
@ Prabhabshu sir
Ok sir thanks a lot for ur inputs
@Prabhanshu,
whats your view on Tisco?
3 pm close is below 144 sir it means with waiting for. Eod one should close postion
Is right ? Sir
@Guru Krishnan,
If you have any excel sheet for Mid point OI calculation, please share it in JN Group
EOD --- MID POINT is at 7720 and the NS closed @ 7714 (earlier MID POINT).. so tom 10 am close should be > 7720 till that time correction starts ... have a great day!! BYE
@Krish pm -- I calculate it manually with excel, not prepared one yet.. would def, share it in JN group once done..
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