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...
36 comments:
Dear Ilango Sir,
Repeat: Doesnot 8025-8000-8018-7990 look like a 3-wave as the morning high was 8019 and hence 8025-7946 should be counted as an irregular b
Day Low : 7938.40 Day High : 8019.30 Range : 81 Points Day Pivot : 7998 Hr. Pivot : 7953
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7940.
NS Half a Century below Day Pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.
2nd Cluster support @ 7925-40 for Agressive trades BROKEN by NS once.
NS in SAH mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Ema @ 7967.
SAH = Sell And Hold
Big Brother trap to all little traders
Followers of JNSAR :
Day Low : 7938.40 Day High : 8019.30 Day Range : 81 points
NS trading a Century below TODAY'S JNSAR @ 8062.
NS below Hr. JNSAR @ 7985
NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.
Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.
NS currently hovering around 7949.
Consider closing Sep Month shorts initiated around 8049 NS with 100 points profit now.
Note : As we r in Last 70 Mins. of Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
dear ilango sir nifty close below 8000 weekly trande is doun...?
@ Aly ,
This scenario is marked in the chart-Green.
In the ST t/f, the sub-waves could be counted in either way at certain junctures...
I emphasised the importance of just turning down exhausted week trend & that one should keep off ST counter trend sub-waves..
BN Slipping rapidly again !!!!
No way to bounce now,
master can we take long from 50 day sma please guide
5min chart oversold
Thank you sir,
As yo have pointed out, technically Nifty is looking weak right now. My query was because I was trying to think from EW perspective. Why I asked was whether I was reading the waves correctly.
Even if we consider 7950-8019 as 5-wave, then in my opinion, from EW perspective we should have another 5-wave up move
NS trading Below 35 DMA
NS in fast fall setup
BN down 400+, whats the possible target?
Sir
Is it advisable to go long at 15320 ( golden ratio for the rise from 14709 to 16310 for bank nifty WITH A 50 POINT STOP LOSS ?
Pl advise.
Thanks
SN
HItendra,
Looks like we are in 4th wave :)
Prithvi Raulji - Any targets where one can go long?
Followers of JNSAR :
Day Low : 7912.70 Day High : 8019.30 Day Range : 107 points
NS trading nearly Century and a Half below TODAY'S JNSAR @ 8062.
NS Half a Century below Hr. JNSAR @ 7985
NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.
Continue OCT Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.
NS currently hovering around 7919.
Consider closing Sep Month shorts initiated around 8049 NS with 130 points profit now.
Note : As we r in Last 30 Mins. of Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
Ok sir, another scenario 8025-7950-8019 as an irregular 2/b wave which would mean that we are in 3/c down from 8019
BN - Monday 22nd Sep @ 16271, after 3days @ 15266 !!! 1000 points fall ...
targets on day charts are very low for this move
looks like break 7840 today :)
3.00PM TT & Chart Updated.
NS now 50DMA
Day Low : 7877.35 Day High : 8019.30 Range : 142 Points Day Pivot : 7998 Hr. Pivot : 7927
NS a Century below OK ( Octa Kilo = 8000).
Currently hovering around 7895.
NS a Century below Day Pivot @ 7998 & Hr. Pivot @ 7927 indicating bearishness.
2nd Cluster support @ 7925-40 for Agressive trades BROKEN by NS.
NS in SAH mode in Hr. T/F, Day T/F & Week T/F.
Strength returns above Hr. Lema @ 7940.
SAH = Sell And Hold
@ Prithvi Raulji ,
Two days ago, it was 34 dsma @ 7950 provided a brief bounce.(to 8025-75 pts)
Today, it is 50 dsma @ 7877 giving a bounce...it too likely to be a brief one...
this is not a brief bouce sir
i do not agree with you
NIFTY IS ON ITS PATH FOR A NEW HIGH, THIS IS MY VIEW
Wt a game
Nifty Discount in old
and Premium in New
All is well?????
All in Big Brothers hand
7925 7936 ... is 50%-61.8% retrace of the last fall from …… 7972 to 7877
80% is - 7953
If weakness is to return, it should be around 7925 7936
Strength gets confirmed above 7936 OR 7953
Followers of JNSAR :
Day Low : 7877.35 Day High : 8019.30 Day Range : 142 points
NS trading nearly Century below TODAY'S JNSAR @ 8062.
NS Half a Century below Hr. JNSAR @ 7985
NS below Day's pivot @ 7998 & Hr. Pivot @ 7953 indicating bearishness.
Continue OCT Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.
NS currently hovering around 7933.
ClosE SEP Month shorts initiated around 8049 NS with ABOVE 100 points profit now.
Note : Strict SL is a must for all trades whether Short or Long.
Sir, why we are not considering that 4th ended at 7877 ie 50dsma? For learning purpose?
Correction:
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7929 7941 ... is 50%-61.8% retrace of the last fall from …… 7981 to 7877
80% is - 7960
If weakness is to return, it should be around 7929 7941
Strength gets confirmed above 7941 OR 7960
what a day!!!!!!!!!!!
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