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:
Ilago Sir Good morning.
Good Morning Ilango Sir and Friends
Nifty daily analysis: CLICK HERE
Interesting Gartleys forming in Nifty charts. Heres the link:
Nifty Gartleys
The shorter term bullish gartley forms from Feb 21 low of 5413 to todays low of 5437. Upside target is 5550 for 1.27 retracement of AD of gartley (refer chart)
The longer term bearish gartley started from Ffeb 18 high of 5599 and is in its CD wave which started from todays low of 5437. Expected area for shorting (point D) is 5550-5560, meeting area of .78 retracement of XA and 1.27 retracement of BC. Downside target after D is 5375 (1.27 retracement of AD )
5550-5560 levels importance is emphasised by both pattern formations. 5557 is also a resistance mentioned in tech table.
SGX Nifty trading at 5435.. high chances market open below JNSAR.
sir plz update ta for banknifty in stockwealth. as early as possible or give bnsar here.
Looks like its waiting for our open, Ravii. Have you found a close correlation between the two?
Yoda mam...
Just a reference, by the way Nifty trading at 5485.. We r GREEN :D
hello friends
I have posted my views for the trades on 23rd Feb. alongwith my views, for cautious to be applied while going long, specially on riil & then on jai corp also. Please visit the following link
RIIL & JAI CORP, STAY CAUTIOUS
thanks
regards
sir banknifty sar plz
Sir, had gone short as per JNSAR yesterday at 5439 and still holding. Can i take SAR as 5477 with filter?
Looks like a long black candle in premarket to me, Ravii. Still, premarket isn't very indicative of trading hours.
And sgx is at 5456, below pivot.
GM to all Gurus
gm sir and freinds
Good Morning Sir and Friends.
Big GM to you Yoda. Nice to see you among the front row today.
Big GM back, RG! I'm only here regularly when I'm worried whereas you're keeping the comments ticking.:)
Good Morning Sir and Friends.
GM RG Sir, Yoda Mam and San.
GM Prabakar.:)
Good Morning ilango sir and friends,
Today's Quote received :
Dark is not opposite of light, it’s just the absence of light
Similar way.....
A Problem is the Absence of an Idea.....
Not Absence of a Solution
Mistakes are embarrassing when they happen….
but years later, you have collection of mistakes called Experience, which lead you to success.
sir very exhaustive and extensive labelling.
gm to all from bull:)
i buy nifty at 5463 with sl 5400 target 5525
mkt looking v strong and v strong
prashantbhai jai jinendra gm prabhu
oh ho nifty day high
GM Ilango Sir and all Masters
GM Prabha. Hi San the tireless.
Dear PS : Can you explain the finer points of the "elaboration" please. I get great conviction when you interpret TA Kundali. Spare a few words pls.
rg sir,
in this correction we can touch 5550 types in the rally,
then back to 5400 types . that can give a whipsaw to
ppl like me who think 5400 is a good srea to sit tight with longs
and then rally for 5600 types.
jai jinedra jay bapu:)
It seems NS went to say Hello to Hourly JNSAR and coming back to visit Daily JNSAR ..
Good morning! I am bullish intra mentally. But why thinking a intra fastfall is developing here? I do not know! :)
hello Sir & Friends...
BN if JNSAR 10857 is touched that will trigger sell or buy signal. any body following please let me know?
thanx
Sir,
Can't it be the B (ended at 5437) yesterday as it also broke the
daily channel, and the Larger C now on targetting 5600+?
dear Sujeet, it will trigger jnsar buy signal.
NIFTY 50 heat map.
RELIANCE +4.36
STER +2.60
LT +2.26
TATAMOTORS +1.61
Others +10.76
Up(32) +29.74
INFOSYSTCH -8.72
SBIN -2.42
ICICIBANK -2.18
TCS -1.63
RANBAXY -0.74
Others -3.39
Down(16) -19.08
Nifty unable to cross 5480 levels
GM sir and all blogmates
Jai Jinendra Prashant Bhai
Good morning Sir and Friends:)
HDFC, RIL and Sterlite gaining strength to hold on nifty
Thanks Gauresh for yet another quote...i do copy paste and keep these quotes...
New post done.
Gm Illango sir & all.
@ Raja sir,thx for the File.
Did see Crude & Silver.
I am getting a Bear now days.
Posted all my trades yesterday on my Commodity Blog.
Silver gives 2250 points Intraday.
Crude gives 205 points intraday.
A very very big day for me.
If any body trade I hope get something.
S&P CNX NIFTY 5485.4 +16.20 (+0.30%)
As soon as it crossed 220ma line at5477 i bought 1 nifty lot.
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