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...
34 comments:
Ilango sir plz suggest S&R level for conservative shorts..
Thanks
Sir, - thanks a ton for the T/F charts. how to use is "depends upon person's knowledge".
thanks a ton for the "EMAS" actually i scared to open my "little mouth" here i am holding my long becoz of this also + as per your JNSAR/TT charts. I am using TT in a different way :P . So finally "yahoo is wagging it's tail" :)
I request our dear BIZA to observe "individually" without anybody's help for sometime to trade on his own. If he is working.. then it's not possible on trading hrs, but can do home work.. he will shine on his own. all the best.
@ Bhavan - yeah not head breaking calculation, i am in long based on "some simple calculations" if my SL hits, i have to DESERVE IT. :) hope it will not. hope sir will bless us.
@Suj
I will. Thanks Sujatha.
Priya Mitro,
Reliance,Tisco,Icici bank,Ntpc aur Power Grid upar chalne ko taiyaar lagte hain fir Nifty ab jyaada girni nahi chahiye...baaki Raam ji hi raakhe.
Manoj
Suj OI in 6100 pe is less then OI in 6100 ce so may go dn more
@Sujatha,
What SL for NF longs.
Chandra
Dear Sir and All,
Happy New Year, I was on Vacation since 21 December. Nifty was 6000 and Now is 6060, so only 60 ponts change....Lets Hope market will move now...
6021 is 50 sma also
Bears in control
1 Million 6100 CE writen today and going strong
bank stock down Due to CITI bank scam .... too much scam in Indian Bank still not out
@ Biza - thanks for taking in good spirit. yeah it's simple to use thing is how to "observe" the price behaviour. Observe the price first. it will help u.
@ Prachi - u hv done.
@ chandra - NIFTY FUTURE - 6060/50. My SPOT NIFTY SL also hits..but still didn't reverse the trade. it may touch L5 of cam 6036 and 50 dma 6021. I will allow the "price" to move here and there. will not take "quick" action. Broker only will earn if i done so.
can any ONE tell abt understanding/meaning
about about the following.
OPENINTEREST INCRESE IN CALL/PUT IN UPTREND
OPENINTEREST DECREASE IN CALL/PUT IN DOWNTREND
If 6060 NF is broken next could be 6040 and 6010 on the way.
Disc. holding positional longs at 6095 & 6068, expecting a bounce.
A clear A B C setup visible in Dialy chart of Dollar Index. If A = C then we are to see 85$ in DX.
That suggest nifty goin back towards 5850-5900....
Dear Friends,
As per vol profile Nifty is below weekly VAH of 6084 and can target 6012, 5998 the weekly POC and VAL.
Thanks & Regards
Sanjay
@Sujatha,
Thanks
Chandra
It seems NS taking support at Daily CAM L4 6037.00
Sir...for a new trade u said that filter is applied for 2 days to give it a chance...for the trades on 14th-15th-16th Dec this wasnt applied..when jnsar gave 2 opp signals...why did we not take filter on those days...should we consider supports/pivots in such scenarios..
Bank Nifty recovered hr low Ema
Sir,
Bought 61K PUT two days back , when nifty was getting resistence consistently at 6170-6175. Agian Purchased when in TT , price came below DHEMA.
Now want to keep trailing stoploss @ 6062( HLEMA in TT-6067 ( SMA - 8 in 30 mt in google). If nifty breaks 6035-6020( noo as per ur chart+ S2 at 6018), will TSL to 6049.
At the end of day will close 6000 PUT , to make 6100 put free of cost , then play as per JNSAR.
I am Novice , sir. Please guide me - is it right approach
correction- again purchased 60k PUT , when in TT , price came below DHEMA.
@ Saif,
14th Dec Buy triggered;
15th Dec Sell triggered;
16th Dec Buy triggered again.
All these trades were effected.
http://tradeinniftyonly.blogspot.com/2010/12/nifty-premarket-view_16.html
@ MDK,
To trade based on JNSAR or any mechanical method, take a min. of 2 lots once signalled.
Book profits once 50-100 points move in your favour. The other lot to be held as per your system reversal occurs.
If 3 lots taken, then two stages of profit booking.
ILango sir,
wave 4 overlapping wave 1 so need to relabel the above hourly Elliott wave chart?
yes sir...so for 14th dec buy triggered but again when on 15th sell was triggered,shldnt we have given the buy one more day (with filter) instead of taking short trade on 15th?
@saif,
With filter also ,it was a sell on 15th and again on 16th it turned out to be a buy with filter. Just check the prices.
@Prashant
If u r there can u throw some light on HUL heard of a big target.
@ Saif,
Filter is for prices only. Not for days.. :)
yes sir...now i think i get it:
14th Dec new posn long 5925
15th Dec the posn is 5925 ...gave 25 points leeway ,still prices went below it..so reversed to short from 5900
16th Dec new posn is short 5900 ...gave 20 points leeway..but still prices went above it..so reversed to long from 5920..
@arvind thanks
Doller Index and India Vix(18.69) giving bearish signs.
Sir,
How to read MACD signal. Is there a write up in this Blog..thx in advance.
ILango sir,
wave 4 overlapping wave 1 so need to relabel the above hourly Elliott wave chart?
NEW POST DONE.
Nifty on 55 dma close to month Cam L4 & 50 dma, 5 week ema / 13 week dma around 6017
stong support area
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