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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
45 comments:
GM Elango Sir,
Stoch above 90% and NF got resisted thrice @ 5240..any down move possble now..pls clarify sir
sir thank you.. i am slowly getting a hold on how to trade using hourly-JNSAR in the direction of main trend... hopefully will be able to trade more quantity as i gain confidence.. its a fantastic trading indicator.. thanks once again...
just an observation,
advance/decline not that much bad,
Adv-833
dec - 484
fii's sold, 750 cr of index futures yesterday,
i am not panicking others, especially those who holding longs.(i too in small qty)
@ Anil
FII's Sold 750 Cr. that doesn't mean that everyday they sell
Advance and decline are changing as stock price moves not affects nifty
Nifty trades on 50 Scripts and most of the Scripts are traded in other sectors also (i.e. Bank Nifty some banks traded in Nifty also Listed in bank nifty)
@misnomer,
what does your ww say?Do enlighten us.Yesterday you were superb.
@Indian trader
u misunderstood me, my both statements r independent..
abt adv/dec i am talking abt todays market holding nature thats it, i know in that list many r small and midcaps and fewer nifty stocks.
sir,
sorry for a silly question.
as mentioned by u in the pre market view, that if it breaks the S1 at 5191 at the open.............
kindly mention, how many hours, till this open time can be considered ? i.e. is it for initial 1 hour
regards
Holding 5200, the bounce can continue as with BN's 10100.
Failure would confirm a move towards 5160.
There is a small H&S pattern in 5min NF chart. Breakdown of which will lead to the low of 5160 mentioned by Sir.
one thought we are growin at 8.5% gdp and china has given gdp data like 11% 10%. still there marekt is way away from their high i think in 2007 sanghai composite made high of 5500 if i am not wrong today it is howering near 3000 sicne jauaray 2010. so india is even currently trading at premium. so marekt always not reflect what economy is doing? share me if i am wrong
@ Ilango sir
Nifty struggling 52 level I think bounce is possible if it cross and hold 5250 today.
oye its friday again, last few fridays are so worst for market if you see candlstick chart.will it be black friday agian as asian market in deep red like tiwan?
@Dakshit
China is trying to control Inflation by possible ways but in India our ministers finding ways to gain Income. No prompt action was taken to beat Inflation. If china increase rate of interest it affects the world market but India Increase the rate then it infects India's Economy
That's the difference
yes indian trader
sir & family..
gm
@dakshit
china has a anti-us policy,,yuan depreciation..
money flows through exchange value in markets..
for fii s defty is as imp as nifty..
we will top when inr/$ will be 35..till then bull
market..n downside no end
today vix shows the low of 21.86 so will we move up sharply. i am not able to understand vix still now after so mandy days. in US they says CBOE VIX is not prime indicator now. todya vix is low and market is also low. whey september rally occurs vix also moved up at that time shakti patra of NDTV PROFIT a good technical analysis said well market can not spike up 10% up with vix at 15 to 16.
@Ilaan Kalai,
MAs are based on mainly on Fibonacci numbers or Lunar Cycle numbers. A lunar cycle gets completed in 30 days or 20 trading sessions (approx.). 200 days means 10 lunar cycles. Again 10 is 1/2 lunar cycle. Hence, 200 DMA is an important number for long-term view.
EMAs give more importance or weight to the recent data, making it more sensitive and less lagging than SMA.
Surely, SAN and other very erudite members here can enlighten you more.
sabhi bandhoo logon ko pranam !
RainMaker
@ RainMaker
Jai ram Ji Ki
Lunar cycles or Fibo numbers - whatever may be the reasons, 5,13,34 EMA and 20, 50, 200 SMA are important because a large number of people/ trader use them hence you always find price reacting around them.
RainMaker
How to Trade Using JNSAR In stocks ?
can any one ...
Indian Trader Ram Ram bandhoo !
@ Suresh
Good Question
Me too want to know
@ FIRE
thanks firing points , how long you are being student of this blog?
few days before i have given wave count and a lot of wishes u got
so to know that ?
@ILANGO sir
@FIRE
what are the important EMAs and SMAs
@ indian and suresh...
try reading .. Alway start trading with these..
right hand side, just under the advertisement.
@anybody
iip data -ve ? watching TV
where can we get this data in internet
Good Morning Sir and warriors
@Ilan Kaalai,
I am following this blog for about 2 years now. Still have to grab Master's kindly outstretched hand to tackle the market as only here all my dumbness or stupidity gets indulged by the much more experienced and learned fellow members. Leave the Master, I have learned a lot from RG, Sujatha,Yoda, San, AAarvee,PT,RP to name just a few. They are also my masters.
Before coming here, I knew a thing or two about analysis. But only here, I came to know how to trade. The importance of that can't be exaggerated.
@FIRE
Gr8 platform , thanks ilango sir,
@RG
@sujatha
@yoda
@san
@AArvee
@PT
@RP
@etc
my VANAKKAM TO ALL
thanks fire
Ilango sir, time to go aggrassive longs??
Sir,
Kindly update the hourly sar for our reference.
Thanking you
Vijayanand
I feel if SBI trades below 2500, it will tank as well as taking nifty lower. Any comments ?
Dear Ilango Sir
Can we buy here for an intraday reversal or wait for 5160?
Sir, Time to go long at NS 5184 with SL ?
Arvind...
Ilango said... [Holding 5200, the bounce can continue as with BN's 10100.
Failure would confirm a move towards 5160.]
Low risk buy entry at 5157 (S2)
High volume bar at NS 5186?
IIP data updata please????
IIP 1.6%
NEW POST DONE.
Ilango Sir,
can we have below possibility:-
A = 649 points (6339-5690)
B = 491 points (5690-6181) i.e. 76% of A
If we take C to be 1.62 of A then can we expect C to be around 5130.
(649*1.62 = 1052 points)
C at 5130(6181-1052)
pls guide
Sir, Can we go short (May be risky) or aggressive long?
AM GOING LONG NOW
@ Tiger
IIP data: December mining sector growth is at 3.8% versus 11.1% (YoY), consumer non-durables growth at -1.1% versus 3% (YoY), basic goods growth at 5.2% versus 8.4% and consumer goods growth at 3.9% versus 10.4% (YoY), reports CNBC TV18
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