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...
63 comments:
cooldent said...
DR sir, 10945 pls
July 29, 2011 10:00 AM
trail (may try to fill gap 11025)
:))
Dear Sarvesh!
Levels already updated so trade as per ur choice, i was short last evening so informed here & that you can see in my below msg. Yesterday's movement was not impressive anyhow but 5450-60 area is crucial for Bulls-Bears both so covered there & taken long also. I booked profit & will go short also but above 5550 closing no shorting bcoz then 5600-5620 may be on cards.
Kumar Technicals said...
Dear Bizagra!
I am carrying some shorts, made in rally near 5505 spot & some puts too.
July 28, 2011 3:28 PM
Namaste! DRji, yes I have also observed that. In fact
most of the weeks, Tuesday is a trend changing day.
(but some weeks Thursdays too)Weekly profit booking
makes the friday movement opposite to that. This is an
observation and not a rule( neither back-tested)
@ Kumar Technicals,
Please avoid talking about trades.
Simply present your views.
Ignore such questions.
Good Morning sir and all.
Thank you Kumar sir for your levels.
God bless all.
i am sorry to have asked such a thing
i kno this shud not be promoted.. but sometimes a direct help is required.. will try not to repeat it again
SK Mishra ji
Yes :
1. Tuesday is a trend changing day.
2. Weekly profit booking makes the Friday movement opposite to that
Rule : There is no rule for Nifty.
Its like horse in cart with leather specs, and ropes in the Hand of Dr. Kumar
Hi Kumar Sir,
Have you cleared your longs taken @5460?
Can i take shorts here with sl@5550?
Dear Ilango Sir and Friends,
Since My Uncle passed away, i will not able post OI today.
Dear Ilango sir!
Sure, i mostly avoid to reply these kind of questions. I will take care in future.
Rgrds
Kumar
1st retrace @ 5521 (23.6%) done;
The pull back retraces are 5504(23.6%); 5495(38%); 5487(50%).
The quantum of the retracement will throw light on strength/ weakness of bulls/ bears.
@ Prabhakar,
Our condolences & Prayers. Take care.
Jai DR deva, swami jai DR deva...
DR sir! Ab aapki aarti ga di hai so prassan ho jao aur ab meri band na bajaao pls:)
Dear ashwin kumar!
Levels updated already so no talk of trades pls.
Dear Prabhakar!
Sorry to know about ur uncle's demise, May God bless peace to departed soul. Take care of u & ur family.
@Prabakar
May god Bless the Soul.
Prabhakar
My condolences to you and your family
Hi..Kumar,
The state of affairs in this country is in a mess - not because of the leaders but because of "People".
Leaders have taken the easy way to cater to mass requests.
I am sure that you are strong & wise enough to lead in the right way. Ofcourse, you need to show them the "incentiives" now & then to keep them "interested".
Best wishes.
@ prabhakar.. sorry. may he rest in peace
ilango sir ,
it is my observation that whenever u see double divergences on macd, on 30 min time frame and higher , the pullback is meaningful, that is yesterday ther was first +ve divergence
and the pull back was small , todat there is second time +ve divergence, and to fine tune can see the retrace of pullback for strength
Prabhakar, sorry to hear & my condolences.
Mr.Lango,
Kumar sir's levels & trades help us a lot so pls do not do such kind of things. So many people give their trades here but i find his best so its a request to you.
Prabhakar
sorry to hear that
God bless his Soul
@prabhakar,
my condolences. may god give strength to bear the loss
@Ilango Sir -- @Kumar Sir,
Nice thought on this
"A Country Remains in shackles not because of the Violence of Few People But Because of the Silence of Majority of the People"
Dear ICICIBANK,
I am writing this letter to you because My friend nifty is in deep trouble.
Sir has told that nifty need to close above 5593 for week and 5659 for month otherwise it will be
technically (also physically weak) weak.
So I hope you will help nifty by being top gainer today. You have lot of weightage in nifty and you can do it.
I will also ask reliance to help you out, but as you know it is not supporting nifty right now.
Both of you together can make a difference.
This help is required just for today. Please be the top gainer, I
will be highly obliged.
Your's bindaas
Pankaj Shukla
I do agree on the Sir's point on countries state of affair, the change from must be from bottom to up.
Dear Shukla ji,
Bahut Khub
Sanjay
Republicans cancel vote on debt bill
Published on Fri, Jul 29, 2011 at 10:12 | Source : PTI
Updated at Fri, Jul 29, 2011 at 10:45
DEAR ILANGO SIR,
NOW WHAT LEVEL TO GO LONG IN NIFTY?
5495 (38%) OR 5487(50%)??
REGARDS,
ALPESH
Dear Pankaj Sir,
Your favourite Ambuja cement is again the top looser.
Minting money is its puts.
actually what retracement to be seen next as both of them have given way once? or shud this blip below for 30 seconds shud be ignored i.e. nlip below 5487
actually it has given way below
@Illango Sir:
I am your student & in no position to give advises to you. But I feel you have given enough
freedom in this blog for the viewers to express their opinion. I feel that I must express mine too.
People not only learn from technicals & methodologies (out of which JNSAR is one) but also from other experts by knowing how they execute their trades, what levels they enter & at what prices, when they exit, how they hedge,etc. These are real practical examples than just theory. There are many methods of learning & each student/follower may adopt the method which he/she feels comfortable & safe. I feel that this blog must provide all the methods & leave it to the viewers/audience to chose which is best for them. If some people here find it helpful if Kumar Sir posts his trades, why would you want to stop it? People may want to follow it first, then understand how trades are made & then devise their own methodologies.
I have nothing more to say on this. Master, since you senior & wise, please correct me if I am wrong. After all, I want to learn.
at kumar sir since nifty has coem below all retracements given by ilango sir.. does that mean bears are in charge and no longs and can some shorts be taken here?? or shud we wait for other retracements like 61.8 and 80??? i hope i have asked an indirect and correct question this time around
sarvesh
Shhhhhhhhhhhhhhhhhhhhh
they will come to know our plan :D
Dear Mr.Prabhat!
I second ur view, kumar sir's trades are always fruitful & he tells it boldly. When so many were giving buy call here with small stop loss, kumar sir gave short call between 5510-30 & result is before us. So Master Lango do not apply these kind of things. I remember that Mr.Saibhakt gave sell call on Bharti at 385 & its 50 Rs. up from there.
gm sir and freinds buy nifty poistionally here at 5480 nf with days low or 5455 nf as ur stoploss
FREE NIFTY BUYING TIPS TODAY 29 july :- one can buy nifty at ths level with risk of 25 points down from here and upside of 50-65
@Yash and Dhan: Regular visitors in this blog know who are here to learn & who are here to fish.
In this world of internet, it is very tough to prevent the abusers. If one chooses to then he can always do it.
Please do not compare Kumar Sir's postings with the other people who come here only to fish for clients. Kumar Sir's posting always have a reason for his trade & his views. They are never blind quotes. This itself is a learning. Also, if people are getting help out if it, I am curios to know what is the need to stop. Those people are also of the intention to learn.
Ilango I agree with Prabhat
Ilango let Bloggers screen the Junk, if there isn't a way out
Janvi Kapoor -
Sell your Computer and Give all of us a Break.
Bhushan said.."..Sell your Computer and Give all of us a
Break."
lol.. have a break, have a KITKAT!
All agree. But point is why we have this blog? To learn from ilango or to trade as per all. So i do not understand what's the issue about.
If he allows 1 then he will have to allow all and this blog will become fish market. Do we want that??
regards,
Sunil
@venkatapathy: You are great. Continue to be so.
Sir
Today at what closing price(Range) nifty will be
neutral for monthly, weekly timeframe.
Is it above LoW EMA?
Deleted my comment. Too in-experienced to express
my views in this debate.
http://www.youtube.com/watch?v=MZh2A2C7sHY
i think i lack live inputs to understand technical terminology.. anybody please advice where to get. i trade with trader terminal of india infoline or wud i get it somehwre online?
Yash and Dhan
Lolz
@sarvesh
didnt get your question..???
lols
i asked.. how to read this move of nifty ? it has retraced all the %ages almost of the pullback on th upside.. so, when it has fallen back shud we have taken longs again at the lower levels or shud we have left it alone to fall more and waited.. i mean what to do..??
Ilango sir, 5464 is 80% ret. can we again go short below it??
@sarvesh
As sir already told, higher timeframe is sell on rise,
in premkt view support shown near to 5450 levels,
also 50 DMA-5520 obvious resistance,now for the day if
again it try to move above 5503 if low not breched then its a daily low EMA, it will try for daily 5 EMA, if sustains then high EMA...
now 5450 support came though fibonacci retracement,
now if every rise if getting retraced deeply its not
good,strength need to established by closing above hourly EMA's...
okay.. got it a little.. try to learn more.. thank you mr anil.. that was what i was tryignt o know
@sarvesh
many traders like kumar sir,hav huge mkt experience,
they r sharp know when to sit and when to get out...but to attain that u need eye on mkt very closely, without distracting yourself...our tech table here
plays very important role..it without bias tell what
to do..keeping emotions out...
my two cents ..read few good books like,
1) Technical analysis of stock trends - Edwards & Magee
2) Technical analysis of financial mkts - John Murphy
2) Martin prings's books - Easy writing ans simple explaination
Rest illango sir, always there if you ask him why..??
but not if you ask whether i long/short here or there...
New Post Done.
yeh i understand that. and thanks for the inputs , sir!
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