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...
65 comments:
good morning Ilango sir and JN family - charts have been updated at my blog -
it would be extremely helpful if you stopped by and commented with your feedback
Nifty not in sell signal yet
something is holding the market up...that something is called Operators
Itna Sanatta????
short karnay ke baad, market ko badhta dekh, yehi hota hai
lazyronald: It is someone's grinder switched on for
this month,,,
How's the OI data looking..?
gm all
a fast update
friends be causious in silver and gold
buy gold at every dips and sell silver at every rise
I see silver 46k gold 21900k. This is only my view
IMHO
i think our markets nowdays are mirroring dow fut status, since it is positive now 80+ that is why we are not falling...
kumar sir, where?
As a ROUGH guideline:
In a contracting triangle, Wave A is the longest. The B is related to A via fibbo 61.8% to 76.4%
Same with the C - it is 61.8 to 76.4% of B and so on.
However, in an expanding diagonal the ratio is approx 76%.
That is the main reason, I am still apprehensive about both the formations the CT as well as the Expanding Diag.
5605 should resovle the issue - Once over this, the Exp Diag can be ruled out, When 5693 is taken out it is a clear validation of this ruling.
If 5605 is like a brick wall, the CT can be ruled out and taking out 5328 would be the validation
Regards
नोटों की बारिश हो रही है
अपनी छत्री बंद रखना
@ Master Sanjay Says
5500PE is up by 7.5 lacs which could aid more upmove
5500CE addition is negligible
5600CE is adding so upmove seems limited
5400 is above 1 cr so solid Support
Please Note : Sanjay sir having problem in posting...
5400 has become a solid support for this series and it looks like the base is shifting slowly from 5400 to 5500.
Regards
brijsolution said...
Nifty not in sell signal yet
June 14, 2011 12:13 PM
--- above 5517 nifty can 5547
Dear rajiv123!
I m very much here & enjoying comments of all:)
:-)
-ve diverson in 5 min nf
oi at 12.45 Click Here
kumar sir, your views..
Dear rajiv123!
My views are same which i gave on my blog on sunday. Go short between 5500-5525 with stop loss of 5570 and target is 5400:)
Dear Sir,
Rishika's blog content mirrors stockmaniacs.net :)
could be surrogate advtg.
@ Prabakar
thanks for OI data...
@kumar sir - i am going with your call - charts showing heavy resistance at 5520 levels - me going short as well very close stops - and reverse position above 5540
I am also short in NF
This is my hypothesis based on trendlines and regression analysis
Rate of Change of Nifty stands at 10 points per day on an average
The regression band is at 5600
200 DMA also above that
Volumes have dried up compared to last quarter of 2010 or first quarter of 2011
Broader markets are no where close to their highs and the retracement has been less than 68%
So if I take the movements as they are since January, Niftyji will stay within 5408 and 5532 to allow space for time and price squaring [rather range squaring]
In the case we have at hand, 144 days will witness trades within the range 5408 to 5532 [as the broader motive is to test 5177, 4950 and 4350] Once we approach closer to the 144 day range square [somewhere around 5th July to 10th August], barring a couple of jigs up and down, Niftyji will start straying downwards to first test 5177 and then probably start retracing towards 5408 again.
Its like the coiled spring that is tampered with once and then allowed to vibrate around; the tampering implies triggering major moves up or down; the next round of mild tampering will come around 21st June and next around 5th July.
Regards
Thank you vanquish for ur moral support, a bit relief now. I completed 60% shorts in rally near 5510 & i will keep 40% in my hand for 5540-50. Biggies r long so i was worried but now much relief:)
Sir – I always made “big high jump” @ EW related posts and scroll down to protect my brain :) :D
Sorry Prabakar,
I was away from system. I am not concentrating on “Gann” nowadays. So not aware. But it’s worth only. But I am very comfortable with cam/fibo + some other masala mix adding for nifty :D
Rishika,
Marvelous insight, amazing!!
Rishika,
Why don't you quote the reference source when you are copy pasting
someone else's comments from MMB??
This is the 3rd day in a row when you have directly used
someone else's view to post here under your name.
This is called plagiarism.
Thanks,
Ajay
CHINA reserve rate hike .50%, effective from 20th june...kindly check at ur end too. Will it start another round of fall in global market???
@ BNS,
You are right. :(
EXITED RELIANCE CAPITAL PUTS IN LOSS.
BOUGHT TATA MOTORS 1050 CALL.
BULLISH NOW............
@Ajay,
Pardon my ignorance, but what is MMB?
Below 5480 confirm short
Dlf 228.7 low ; D
Money Control Board.
The msgs posted here are original thoughts by Winwath and Reachnagraj.
Thanks,
Ajay
brij: am looking for 5481.2 today...
@ raja,,,yes me same 5480
Dear Friends,
Seems like a temporary solution with some help from out Computer Nerd - IT
Thanks IT,
We love u
@KUMAR TECHNICALS,
Mr.Kumar!, SL 5570 NS is closing basis? or intraday?
Now my view is false break up may be coming above 5605 upto 5630-40 levels, before we can come down.
This move may be fast and furious in next 2 days.
Dear Prabhakar!
I always use SL on closing basis so minimum one hourly closing required to me, for others i cant say...it depends upon their own temperament that how they will deal that time?
for amibroker users
i am facing an unique problem - the trendlines i draw on the hourly charts do not remain fixed when there is real time data feed - is this because of automatic scaling --
could anyone suggest a solution since I do not want to move to metastock
@Thank you Mr.Kumar for your valuable openion
Jai hanuman gyan gun sagar |
Jai kapise tehu lok ujagar ||
Pavantnaye sankat haran, Mangal murti roop |
Ram lakhan sita sahet, Hridaye basau sur bhup ||
@Sujatha,
It's Ok. I regularly use your Gann levels at OJN.
@Vanquish: They are programmed trend lines, do you
want a fixed trend lines, but for why? Trend changes
always right?
@ DR Sir,
जय हनुमान ज्ञान गुण सागर |
जय कपीस तेहू लोक उजागर ||
Siyavar Ramchandraji ke jai
Siyavar Ramchandraji ke Jai
30 min chart nifty inching higher in a channel
@Prabhakar What is OJN
@Vanquish
doubleclick on trendline, a dialogue box ll open,
click on Lock position checkbox
Regards
What a Tuesday, whole blog is HANUMAANMAY:)
http://www.youtube.com/watch?v=YBt0zQ1eZf8
@Saibhakt,,
U exit from dlf ,, then dlf fall,,
@Ilango sir, With your permission.
@Sam,
It is another blog http://o-j-n.blogspot.com/
@ DR sir,
Please tell us utility web sites like today you told,
daily one and not all at a time.
Manojavam maruta tulya vegam,
jitendriyam buddhi mataam varishtham
vaataatmajam vaanara yooth mukhyam,
shree raama dootam sharnam prapadye.
Jai Shree Ram,
Jai Hanuman...
Enjoy this for jump Hanumanji......
http://youtu.be/MPWh7AFPpl0
@brij,
I was long on dlf. exited in profit.
I did not take short position in it. After that I was short on reliance capital.
taken loss today.
Now i am long on tata motors for 2-3 days probably.
I am always with only one stock or with nifty option.
@Prabhakar Thanks
@Shradha Saburi Which utility site?
New Post Done.
@sai,,
Which is next on ur radar?
@Sam,
Today DR Sir gave us google site where we can translate
English to Indian regional languages which is
quite handy for writing letters. Sir is net conversant,
we may get many useful sites which he gave today.
If nifty is glued to the same numbers with fevicol
what else we can do?
RISHIKA JI ,
WINWATH MSGS POSTED WORD BY WORD , GOOD JOB
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