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...
71 comments:
@Kumarji,
Can I get the update DR sir is talking about? Of course, I may not deserve it. Then no problem. :)
@Kumar Sir
ये तो आपका बड़प्पन है.
@Real Pilot,
Download AFL from 4shared link given here.
http://www.4shared.com/file/KEHtaP2g/Trade_Range_Volality-Bands.html
Chandra
@ Chandra,
I am unable to open your .afl file, can you suggest a software that can open it.
Last time policy day high 5726, low 5560, difference of 166 points.
today's low 5404, what is coming 5404+166 = 5570
Good Morning ilango sir and friends,
Today's quote received :
Patience & Silence are Two Powerful Energies…Patience makes you Mentally Strong….Silence makes you Emotionally Strong.
@Prabhakar .afl can be used in Amibroker only.
@ Dabdeep,
Its wolfwaveindia (at) gmail (dot) com
@Chandra,
Thanks.
Got the file - need help with software to open...
5400 Put Writing going on, no sign of closing still and it's the highest for the series, so market may bounce from here
@Prabhakar,
*.AFL is formula file for Amibroker charting software.
Chandra
@saibhakt- how about 5404-166= yummy :P
sai bhakt can you details in more detailed manner
@Real Pilot
Copy unziped file i.e *.AFL to Formulas folder of Amibroker in programme files foldrer in C drive and drag it to chart area.
Chandra
Thanks a lot DKG.
Prabakar,
If you want to see the code, you can open in notepad
@ram charan, then high 5426 - 166 = 5280
he he he.........
Sir and seniors- i need your guidance on safest way to resell/rebuy after profit booking.. is reselling t 50% a safe approach?
@Kumar Sir If 25BPS hike is there then still you think there are chances of downside?
What a Day If RBI hikes 50 basis point then market will fall and if it dosent hike then also market will fall cz of its own weakness :)
I always said more than hundred times that one can not gain in trading with so many if & buts. 1st identify trend & proper stop loss, then execute ur trade & book in part if it goes in ur favour. If it does not work in ur favour then check ur plan without having any trade in hand, picture will be more clear to you. If market rallies before policy then enter ur shorts again between 5440-5460 with stop loss of 5480 and target will be 5400-5380:)
Dear SAM! If its .25% then sell in rally will give more profit:)
@Saibhakt: Safe to enter Tata motors now or more pain
left? Also, can we short DLF?
Kumar sir- was the previous post directed at me? i didnt ask reselling for this trade sirji..i wanted to know in general a safer way of reselling after booking profits, since i am bad in reselling.
it is just a weakness i identified and want to correct.
Thank you Mr.SAM,Chandra and Crorepathi
@Kumar Sir Got it
Dollar index rising in a vertical straightline. Any impact here?
vix at 19.7
Kumar sir, Selling BN at 10650-80 can be hedged with 10800 ce or 10700 ce?
ILango sir- has vix broken its resistance?
@Prabhat,
I think tata motors are ready for rise, daily extremely oversold.
so in case market bounce, there may be sharp bounce in it.
I am expecting immediate target of 1090, but final target of 1140
in this counter.
dlf shorting, i do not think it should be done.
Saibhakt,
Cement companies are charged with cartelisation. Ambuja,ultratech,acc underscanner. That news hits the stocks. Another example of corruption hit stocks.
:D
Dracula khush hua.
-stockgrp
@Chandra,
It seems it will take some more setting up to view the AFL.
Any hint on market setting?
sbi already in top gainers list, tata motor just about to join
those who had sold near 5450 have minted good profit....today we may see an upmove from 5390 to 5410 range..
Dear Cooldent!
For Intraday 10700 is safe & for position 10800:)
Dear Ramcharan!
That post was not for you but u proved KAMJOR KADI KOUN:)
Thanks again sir.
Waiting for policy announcement, traders are like these now ---
http://www.glogster.com/media/5/32/22/40/32224047.jpg
fire sir...nice link
My view as already told repeatedly is market will not go down
till sbi reaches 2475 level.
One day, SaiBhakt will be right about the index or some stock, and that would be a spectacular call! :)
@Real Pilot,
If *.AFL file is copied t correct folder, it works as it is if basic setups are correct. This my experience. Better read ami manual.
Chandra
Crossing 5461.7 can be bullish,
Jigs send me test mail plz
Dear FIRE!
Tiger aaya, Tiger aaya, Tiger aaya....and one day Tiger will come & that day he will roar like Tiger:)
सब लोग सुब्बाराव की राह देख रहे हैं.
Kumar sir- when one has jigar to accept his weakness, it means he is willing make it strength too :)
@Real Pilot are you using Amibroker for the first time... then u might need data for it.
Recent H-L: 5520-5404; Sell at 5450 on rally,
target: 5375, 5335
Otherwise buy at 5475 for tgt of 5550, 5590
what time is RBI policy
Dear Ram charan!
Very correct, u have won my jigar too:)
Dear All!
If Nifty comes near 5375-5400 in whipsaw then buy for a bounce back with stop loss of 5350 & target will be 5450-60:)
sir TT update for 11am
we all are watching screen for rbi policy...
http://media4.px.yelpcdn.com/bphoto/aPxjtRzyzQScjCZ9F8URsw/l
exactly at 12:00 noon
reliance major support at 885..will it break??
Reliance 870/880 is range good buy and good boy will
make market up along with the big bank SBIN.
.50% looks almost sure & he may surprise even above this or by hawkish instance:)
Rajnikanth discharged from hospital.
he may take SHORT position today... be careful bulls :)
Rajini covering his 0.0000000001% of shorts today,
careful who are wearing shorts,,,,
RBI hiked rates by 25 bps. Kindly confirm
RR hike by 25 bps
RBI HIKE REPO RATES BY 25 Bps, REVERSE REPO BY 25 bps
.25% hike...so Inflation problem will not solve soon, sell in every rally will be MANTRA in coming time:)
RBI hikes Repo by 25bps i.e 7.25% to 7.5%. Reverse Repo by 25bps i.e 6.25% to 6.5%. Keeps CRR unchanged.
Kumar sir, Sold at 10650 and hedged it with 10800ce
Hi DKG, The id wolfwaveindia (at) gmail (dot) com not working.
Pls advice.
New Post Done.
No Effect :(
Agree Kumar Sir. Will resell near around 5500 mark.
RBI HIKES REPO RATE BY 0.25% TO 7.5%, REVERSE REPO BY 0.25% TO 6.50%
no change in CRR
Source :- RBI INDIA
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