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...
47 comments:
Good Morning Sir and Friends...
Sir your view on BN please ?
Pehlay short kar do, phir view lo. Lol. Told u they will manipulate the market.
BN, psu banks outperforming today ?
Good call writing at 8100 level too. Is support of 8000 going to be tested today ? PCR also showing heavy writing.
Godd Morning Sir & JN Family
GM Master and All!
Bears doing a good job at 8100 level:
www.niftytrader.in/nifty-live-change-in-oi/
buy nifty with sl of 8094 for target of 8150 and more.
gm everybody,
expecting good upmove towards end.donot see any valid reason for a fall below 8100 for a day..let us see...
ilango sir,
holding 8105--8100 5th unfolding towards 8200?
I concur with Sonu. Seems like a quick fall setup developing. Be cautious if going long
8050 would be first support I believe
If b = 8127 then c=a so target comes as 8025...
Beauty of PCR Intraday:
http://www.niftytrader.in/nifty-intra-pcr/
Will buy some now at 8050 :). Covered my shorts
BNF 16217 was the 80% fibo ov the entire rise from 15904
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8132, R1-8156, S1-8106, VWAP-8129
Evenly matched day for the time being with Support around Daily VAL at 8123NF and resistance at Daily VAH at 8143, Breakout/Breakdown may give 15-20 points on either side…
Thanks & Regards
Probable Rising wedge formation on Bank nifty weekly chart Resistance around 16325-350
All the rise with falling in volumes
http://i.imgur.com/BvcRUWF.png
if BNF sustains 16217, but does not cross and sustain 16295 NOW, its probably a SELL ON RISE
MANY MANY THANKS TO THE GREAT BLOG OF ILANGO SIR..!! GREAT ANALYSIS AND SUPPORT FOR NEW PEOPLE AND LEARNERS AVALIABLE HERE. THANKS A TON FROM MY HEART TO ILANGO SIR, SONU JI AND ALL BLOGMATES. KEEP THE GREAT WORK ON.....!!
+WW paters in place currently for a rise above 16263 apprx- trgt - 16310-17 probably
wud anyone please tell me whether we had a double bottom on BNF at 16220 ???
8061.60 is 1.382 % retracement
Dear Sir
As 4 = 38.2% of 3 so 4 = 8057; nifty low = 8061... So can 5 can start now? Pl guide..
GM Sir and friends.
If b is a6 8127 then 5 waves are not yet done at 8061
Imfact 3 waves are also not done done from 8128. With another low, it will 5 from 8118.5 to new low and 3 waves from 8128
5HEMA on BNF is at 16237, n we have a support of 80% fibo at 16217 also.
8000 ce writing also started now and 8000 pe are also being covered. Are we going to see 8000 being touched today ?
there will be 3 resistences on BNF for any UPMOVE at 16270 n 16295 n 16317
@Master,
Looks like 5 finished @8057???
aren't we in third wave of today's fall ?
Now at 8057, 5 done from 8118.50 and 3 from 8128.
Watch retrace for the fall from 8118.50 to 8057.
1st wave low us at 8097, so if ongoing wave is 4 then shd not breach 8097
Sir, pls correct if i m wrong in above mentioned wave counts
Nifty showing signs of reversing from ND Sir's Buy Zone
GM Master & JN Family,
Over-fixation on any 1 DATA set will only provide a half-cooked pic of REALITY ... Options OI .wo NF OI , Oscill , Hi-Lo EMAs, Channels, Patterns .. is a recepie for disaster, esp in situations where Option Writing is done by OPERATORS
Caveat Emptor **
@Shriram Sir,
Good to see you active after many days. Plz throw some light on NF OI analysis.
Dear Sir
4th ending level in chart is 1.618 of minor 1 at about 8020 so... So should we wait for 8020 to come for buy again for 5th wave??
Master, JNSAR trigger 8088-30=8058. So far low 8057.
Why is everyone so obsessed with the possibility of the 5th wave. We should also not ignore the possibility of 5th having ended at 8180 especially with the weakening day t/f.
@ Sonu: NF OI has added 2.68% intra wid a 37-38pts fall.. so tat is Bearish purely per NF OI
However, the real test is of 8081NF which is the WkVAL .. break of that level can show more falls to 2 Std.Devs zones 100pts below
** Now club this with NS Support / Res & try to find Patterns to match & u tell me what wud be a ideal Trade Strat ??
@Raman Kapoor
Human tendency and obsession :)
Thanks Shriram Sir,
NF OI bearish, Option OI bearish --> Better to short
Will watch position near 8081NF level --> will make it positional short below this.
Pls explain WkVAL and share calculation steps on JN group if possible.
@ Raman Huge OI at 8000 put & by the time we will reach 8000 RSI oversold, there may be possibility of 5th or B if 5th has ended at 8180.. Pl correct Sir & blogmates... Really confused buy or sell???
@ Sonu: What is the R:R for a short trade < below 8081NF ??
Master,
BNS rise from 14,709 (Aug 8th) to 16,310 (today) is showing a 1-4 overlap.
Are u seeing any ED possibilities sir (vth of 3rd @ IMDegree) ?
@shriram Sir,
I only measure R:R when market is at extremes. Mostly they eat my stops.
I prefer to monitor the technicals (RSI, OI, MACD). And close positions when technicals change.
Keen to learn, how you do it.
New Post Done.
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