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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
35 comments:
Ilango sir, i hope 5315 -5335 is resell zone??
@bizagra. I think so
@ bizagra, cooldent;
sorry, didnt mean to confuse... just got a lil excited... as C wave almost getting over..resell zaone remains as mentioned by Sir... I try to start getting in early..
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@ Bizagra,
Short term TA seem to be turning up - would know with 11.00AM TA.
Real resistances are the previous lows & the break down point @ 5330-5355.
Presently it is viewed as a pull back bounce/ rally.
Day's close will have more clues. A close above DLEma would make it a "Pause".
bizagra,
Master mentioned aggressive intra day shorting range as 5315-5325
SL could be 5329 or 5349... earlier highs
This is not the time of fear, add ur shorts between 10625-10650 in Bank Nifty future & use stop loss of 10700 on hourly closing basis.
How is todays open and high for NF 5371.50?
Sis suj
Nifty rising like "fermented Idli batter "
will it cool down also like that or ?
Any one here trade based on Agni Level provided by Nandi Sir?
It is like Intra day JNSAR :)
Giving trades with very good risk reward ratio.
Now sustain above 5308, can 5350
@ Gm Sujata mam,,
Bulls want above 5308??
Bears want below 5280???
yeah thats where kumar sir shorted NIFTy
that means 5371
high of nifty
@RAVII where can I get these agni trade levels?
@Anuj,
Whenever I am trading with my open positions, I am failing. Simply sitting with SL
BN trading above its weekly open :D
during this episode BN was never weak
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@DR sir, Made ur 100 points? ;)
Thanks Ravii.
@Brij Sir: I agree with your points. I feel that if nifty
sustains above 5310, then move towards 5350 is possible by ~1 pm
timeframe. However, move below 5280 is bearish which might tend
to break 5250 too.
As of now, the intraday charts seem that nifty is to sustain
above 5280. (RSI consistently hovering the range of 50-80 while
MACD is spending more time in the +ve terrain)
Kindly acknowledge.
@Prabhakar.Even i m not good at trading my conservative positions, so i m also sitting tightly with SAR.
@DR,
When can Potters buy BN? Would that be above 10800 spot again?
Dear DR!
Bank Nifty future naked shorts level sent on ur mail id, kindly check:)
@Nifty
will decide on todays closing
if level has come down or not
previous level stands good
Yes Dear prabhat
Dear Prabhat,,
One more thing if nifty sustain above 5350 then really bears in trouble..
This is very early to type here,, but chart says
Bears will be in trouble, Bears will be in hospital, Bears will take sleeping pills.
Bulls will be very happy after viewing these comments but most of the Bulls were together in Pracheen Hanumaan Mandir in morning in Delhi & discussing about the Private Intt. rate of funding & some of them were going ICU of Apollo Hospital to see their close bull friends:)
@ Kumar sir,,
: D,,, why u wearing hat on ur head?
Dear brij!
Nothing like that, it happened in morning. We all traders enjoy a get to gether in Hanuman Temple on tuesday morning:)
nifty put buy not getting executed but not coming down :)
This market could go either way from here. i am holding short with 5360 as my stop loss.yesterdays bounce high of 5315 didnt cross. hourly SAR of 5302 has been crossed. Holding on with my figures crossed. what will happen?
again entered BN shorts - now positions are full in BN
maybe I am reading the charts but I can see extreme weakness in BN
Time will tell
New Post Done.
I think the c wave has unfolded as an a-b-c-d-e wave or a rising wedge... should get over now with the final e wave going upto 5330ish levels...
or I have jumped in too early into shorts ;)
stops in at 10722
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