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....
-
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...
31 comments:
Dear Mynac!
I am also waiting for a rise so fully agree you but not interested in longs bcoz that may be a fake rally. I am still shorts but only 10-20% but i would love to add more aggressive shorts between 5575-5625 and conservative between 5675-5700 and stop loss will be 5740. Target...dont ask..may be lower than Feb, just want to remain with TREND.
Rgrds,
Kumar
OPTIONS UPDATED IN GRAPH FORMAT
http://capturenifty.blogspot.com/
Ilango sir, sud i still wait for 5465-5490 to book or???Thanks
Guys,
I am hearing few ppl saying that US gonna declare default on debt ceiling by end of june?
If that happens stock markets do collapse & risk of recession again..
can any one throw some light on this...
sabhi bandhoo logon ko pranam!
Ravii what is default on debt ceiling ?
US congress is scheduled to discuss raising the debt ceiling, which they are not willing but the US admin is asking for. there is not question of default. as of now
@Ravi,
That is basic question and how does it impact on Indian Mkt...?
H&S on 5 min decisive break of 5520-25 may lead to 5460
Kumar Sir,
Why it is not rallying at all.
It happens when downside target not completed.
I think once downside target is complete, rally may come.
That suggests that low below 5503 to be made.
I think by 11:30 low may come, and then rally.
No idea... was going through some discussion in orkut community..
just wanted understand if any one here knows it clear.
Any ways lets get back to market... what ever fall or crash... should come under JNSAR only.. hence no worries ;)
In theory US can't go broke.
All the debt instruments issued by US are backed by US Dollars and not gold. So the US can pay back as many dollars as it may wish to.
Just Print them and hand over Dollars, to whom so ever bring those papers for redemption.
Think ! China is holding 3 trillion dollars worth of those papers.
Crude looking bearish, that could trigger rally in our
market?
Throughout the world ppl have come to realise this folly and they have been asking for some kind of world curreny
Orkut community gets news early but incomplete. I advice
to just follow price channel and forget all news. Let
market price drive our tradings.
@drsir Sorry for late replay.
You teach me trading in banknifty and you master of banknifty saying silver is for brave heart.
exited nifty future. shorted hero honda (1715 200 ema)
sir pl update TT for 11am.
dineshjI, GM SIR, What r u doing sir
Dear SaiBhakt!
I alwaz respect ur views bcoz You are the only one here who predict stock market Trend with full conviction. The most important part is, You never care that what i said last time so u r really brave & Bindaas character of this movie. keep it up, entertainment is needed very much in today's boring life. How is ur mother's health now?
@ Rainmaker
A H&S pattern normally occurs at the end of a rally, at the end of a downside we normally have a RH&S to signify the end of the impulse move. So the pattern you can see on the 5-min chart in my opinion is not valid.
Thanks Kumar Ji.
Mother is doing OK but bcoz of her old age recovery is not very fast.
It will take at least six months to recover.
She has gone through two operations.
One left leg femur has been replaced with titanium rod.
another femoral neck has been removed.
she can not walk for six months. after that I have to get another surgery done to have artificial femoral ball.
so that at least she can walk little bit and do her routine work.
These are difficult days for entire family. Hoping best from GOD.
as for as stock market, I earned a lot from stock market but also keep losing .
hoping to get rich from stock market at some day.(may be this month)
thank you sir for TT update..
Dear SaiBhakt!
First give only one dose of ARNICA-1000 to ur mom, it will reduce her pain if any. Then give RUTA-30 four times daily, it will recover her very fast. Stock market does not allow everyone to earn easily, it demands, discipline, dedication, patience, quick & well informed, thats why ILango sir alwaz say 'GET RICH SLOWLY'.
Rambling
I may be wrong. Market may take any direction. but H&S continuation patterns do exists. Hence the breach of 5520 will lead to further fall.
Here is the link http://tradersnarrative.wordpress.com/2011/04/18/technical-overview-head-and-shoulder-continuation-pattern/
@Dr.Kumar Thanks for your Precription...by the what is your fees...?
Kumar, are you from chennai? Do you know falcon?
Dear Ilango Sir,
Can you please post your views now? Is it time correction that is going on for the oversold condition.? I do not see any considerable change in the price
Regards
Hi to all... I am a new member for just nifty
New Post Done. "Have been Busy".
OPTIONS UPDATED IN GRAPH FORMAT
http://capturenifty.blogspot.com
Post a Comment