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...
106 comments:
@DR,
Thank you DR. I have been never more happy than this day in my trading life.
Thank you really from bottom of my heart.
Nifty OPTIDX OI at 12 pm : CLICK HERE
Sir,
Hangseng down by 500 points!
Time pass Question:
When we got down from 6339 to 5690, and then rallied to 6181 in three wave form
as 5690-6069, 6069-5700, 5700-6181.
Downward journey began from 6181 and it did not stop at 6069, we went down till 5177.
Similarly, when we got down from 5944 to 5328, and then rallied to 5740 in 3 wave as
5328-5606, 5606-5195, 5195-5740.
Downward journey began from 5740 and it did not stop at 5606,
we are headed to .................?
Again repeating:
MY humble suggestion to everyone including DR, that don't take long positions.
Suppose You Bought Wipro 100 share value Rs. 100 in 1980
1981 ,1:1 Bonus =200 shares
1985,1:1 Bonus =400 shares
1986 split to Rs 10 =4000 shares
1987,1 :1 Bonus =8000
1989, 1:1 Bonus =16000
1992 ,1:1 Bonus =32000
1995 ,1:1 Bonus =64000
1997 ,2:1 Bonus =1,92,000
1999 Split to Rs 2 =9,60,000
2004 2:1 Bonus =28,80,000
2005 1:1 Bonus =57,60,000
2010 3:2 Bonus =96,00,000
Today’s Rate Rs 431
You Earn Rs 413 Crore !!
If a business does well, the stock eventually follows-Warren Buffett
SaiBhakt,
I am yet to come out of shock from 4800 dream,
not again pls :)
Reposting,
NF within Channel from 8th july 2011
https://picasaweb.google.com/103973773349621758823/Jun92011?authkey=Gv1sRgCM7f6cuE2t3TGg#5628350934721658882
Sis Good After Noon
if your calculation over
Plz release the Data (levels) at the earliest :D
Ravii,
I did not suggest any thing.
DR sir
may i know the tgt for nifty short pls
@DR,
I am continuously small quantity at regular intervals buying kingfisher airlines for my next generation.
Will not sell that in my life.
Latha said...
DR sir
may i know the tgt for nifty short pls
I know only my SL and its CP+brokrage
Predicting the market is............
Latha
Yes will book if get 100 points
or Masters command to
book part profit :D
DR - that's for my paid service lolz :) 10977 posted yesterday but u didn't correct my HW :P below that??? onceagain thanks a ton my BN confidence becoz of you only :)
@Dinesh Rishi,
How can I get bold letters?
Sujatha said...
Good afternoon sir and all :)
DR - lolz :) :D
A letter to Bill Gates
sir, i have some questions to ask.
1) The letters in keyboard are not in order,
when u will release the corrected version?
2) There is start button but no stop button. Y so?
3)We learnt MS WORD when will u release MS SENTENCE?
4)There is RECYCLE BIN but no RESCOOTER BIN? because
i own a scooter.
5)finally a personal question.
y is ur name GATES, even though u sell "WINDOWS"..?
July 12, 2011 12:14 PM
DR sir
Thank u so much
@sujatha
you can't delete this post of yours :)
Sujatha
Great lolz
@Ilango Sir,
That was really :D
if today open is defended then there will be
sideways market in coming week
J10 SAR is below JNSAR.
this is just observation from the J10SAR
and JNSAR chart with nifty.
@strath
Take a criticism in a lighter way.Anmyways price-volume
study is an old one and many followers, many of them
following successfully. No study is old or new one,
its all within price and volume.
carry on with ur style of analysis, but post or views
as a views only, not a Reco.
I read a lot about tape reading, from wyckoff. and
todays theories r based on most of it from that theory...
If ur happy and u know clap ur hands! :D
http://www.youtube.com/watch?v=fc1JcYQvrZo&feature=related
Prbhakar
Find here
Rumble in the Bronx
Master is quick. Brought permanence to Sujatha's questions. Most of the days, before I read her post it is deleted. To day it so happened that I could read both.
Sujatha madam, my blessings, and regards.
LV
Sirrrr - :) :) am the one who's with kiddish stuff here :P
Satheeshhhhhhhhhh - check mail immediately
Prabhakar said...
@Dinesh Rishi,
How can I get bold letters?
You can use some HTML tags, such as < b >
< b > type ur test here for bold < /b >
type without space between < and "b" & >
By her questions Sujatha madam implies that Bill Gates is also blogmate. May be it is true.
LV
WL5 is 5530 : D
Excellent data . I just discovered this blog and found data that I otherwise have to calculate manusally. Nice short signal today. Now 50 SMA is also broken, seems like a fast fall below 5500.
@Dinesh Rishi
Thank you very much
All Sl hit .......... A clear cut Sell May be 5465 comming
DR Sir
You told on sunday that i will get below 5528 and today :)
Kumar Sir
Teachers :)
Party time :)
13 points discount in nifty indicating bearishness.
@Ravi
where it is still in premium
Oops sorry... seen reverse :)
@ravii. Discount??
PT enjoy
and have some
▼ ◄ ▲ ► ▼ ◄ ▲ ► ▼ ◄ ▲ ►
◄ ▲ ► ▼ ◄ ▲ ► ▼ ◄ ▲ ► ▼
▼ ◄ ▲ ► ▼ ◄ ▲ ► ▼ ◄ ▲ ►
◄ ▲ ► ▼ ◄ ▲ ► ▼ ◄ ▲ ► ▼
Bingo! MAD ANGLES :D
Dear Cooldent!
As mentioned in morning, i sold Bank Nifty in rally of 150 points & booked 125 points profit again, how is urs going?
PT - A clear cut Sell May be 5465 comming - wait sensex has to cooperate should break 18417/404 level first decesively then only ur party or else small bounce from here.
already hit 18422
DR Sir, any song for bears?
brijsolution said...
WL5 is 5530 : D
Mkt holding level ,, enjoy
Kumar sir, DITTO!! :))
NS has just touched the trendline drawn from the previous lows of 5197 and 5252 at 5527. Will this low hold for today?
Sir is it okay to book partial profits here as the 55DMA comes to 5527 exactly?
@Sujatha...
True ... At present part booking at every low .... Protecting my profits now ... This time no risk :)
Prabakar said...
DR Sir, any song for bears?
http://www.youtube.com/watch?v=5oV1AzZYsWQ
Alert ...
Dollar near all time resistance of 76.60 .... Above it more panic ....
short keep on holding...
do not exit.....and dont take long position.
@ Praba - bulls situation song -
போனால் போகட்டுà®®் போடா இந்த பூà®®ியில் நிலையாய்
வாà®´்ந்தவர் யாரடா
@sujatha......
Sensex too joins the pary :)
@Ilango Sir,
What should be the level to book Fully ???
oops,
europe is big trouble.
Italy is on sale.
HANGSENG 900 POINTS MINUS
@PT
Do not book fully. One really doesn't know where
the carnage will end. So hold at least 1/3rd
(i.e., 1 out of every 3 lots)
Europe --------------- Bleeding
@Nifty
Thanks a lot
Hitendra said...
oops,
europe is big trouble.
Italy is on sale.
HANGSENG 900 POINTS MINUS
it is 580 points down
pt,
not bleeding.
Brain haemorrhage.
tsunami will spread all over globe
@hitendra
True now i want dollar at 82 --- And another rsunami in our market
Nifty OPTIDX OI at 1.10 pm : CLICK HERE
Good one Sujatha. But really hurting songs for those who tied up with bulls.
Guys,
enjoy....enjoy....enjoy........
but don't exit shorts. This is clear advise.
watchout sensex 18445 - resis may give 485 or else downnnnnnnn
Nifty century done :D
http://1.bp.blogspot.com/_RRbjEkfMat0/S-pDO3FttgI/AAAAAAAAAGM/tDN8DUOicZQ/s1600/21jan2-healthy-at-100.jpg
@ PT,
Fully booking: We need to see whether prices hold above 5496(50% retrace as well as 50sma)tomorrow on closing.
50sma is a good indicator for med.term TA.(50sma is trending down- a falling average may not support a correction/ fall)
Real impulsive move below 5400.
@DR,
ek aur advice man lo, century per mat niklo, at least wait for double century.
Dear all!
5501 is 50DSMA & 5450 is joker of the pack, any closing below 5450 will bring out all Bear army.
I always suggested, just focus on stop loss & manage it properly and rest market will do itself. I am still holding 25% shorts, which i will cover between 5450-5500 & would love to resell below 5450:)
as per experts europe problem cannot be solved easily
and easily.Hence,be cautious
@jagannathan
Who is expert ? :D
american expert
Italy future down by 4.5% and american future down by
160points
Thanks A Lot Sir
Part booking has been done @ 50sma.
Italy problem will be over come with the help of .....Don" worry.
Dear Ilango Sir
is 5496 is the monthly pivot?
DOW FUT : -120
Bears sleep like this tonight!
http://scienceblogs.com/lifelines/Sleeping_Bear.jpg
PT, JAGANNATHAN,iLANGO sir,
still 5496 saved.
but do we expect a fall below 5496
as looks global crisis.
if yes, what will be next support/halt?
Nifty 15 Minutes chart trending down below the cloud: CLICK HERE
Alert
Dollar breaks all time resistance of 76.60 ...
@San
Please update the dollar chart if you can :)
DR - 10977 done now donno the path :( itching for a buy or wait upto another 100/200 pnts fall??? thanks in advance. if u don't mind pls. any further clue??
@San
Has dollar given a break out trade ????
anybody becoming daler mehndi :)
@Hitendra
Part booking as said by sir we always get second chance is again breaks below 5496 ---
@ Prabhakar,
5500 is monthly Pivot.
@ Hitendra,
We haven't seen any bottoming indications in Hour or day TA. It is just a "locking in of profits" action. Do not read anything more than that.
Dear Kumar sir,
I follow u religiously & today booked full profit in Bank nifty & Nifty as per ur conservative target, thanx for your fantastic calls. But you are still holding 25% shorts, so should i sell again? Kindly reply sir..
Raj
Sis no buy
Buy only now on confirm buy signal!!!!!!!
We dont jump the gun
We are not intraday traders
We dont want to become rich overnight
We know mkt was there will be there
We are not agrresive traders
We love our money
We have lost lots of money in mkt
We have some rules
RICHARDSDIAZ said...
anybody becoming daler mehndi :)
On Friday we will :D
DR sir, Is it still 11300?
Its looks like there will be a recovery to 5540 today
due to huge 5500PE addition and then retest 5480-90
levels tomorrow morning.
Thanks a ton sir :) and CCP work done - your wordings on my worksheet now :) for daily read
@PT
There is an ascending Triangle pattern in US Dollar in weekly chart. So medium term in dollar will favor the bulls Of US Dollar which might be bad news for equities.
thanks a lot
PT & LANGO SIRRRR
Dinesh Rishi sir, you add a lot to the intellectual value of this blog...Kudos to you.. i consider you as one of the sanest minds here... keep going...& keep posting here.
cooldent said...
DR sir, Is it still 11300?
11300 is LOC for Safe Zone
with fall it will start moving down daily
so
now will follow JNSAR for buy signal and above 11280 (actual fig)
sit tight :D
Thanks BOSS!!
Thanks Ilango Sir.
today we may breach 5500 but more probability is that we
may close just above that at 5505 level.
tomorrow we may break 5400 and go lower.
anyway, it is still "NO LONG" market for sure.
Illango Sir,
What should be the current move? Should be short for
a tgt of 5400 or go long at CMP (5500 levels) for a bounce
above 5600+. Or should we wait?
@San
Thanks a lot
Dear Raj!
As i already said in morning that still some juice is left for shorties so i resold in rally, You also can sell in rally or below today's low of 5496 now. Bears are in no hurry, Bulls are gathered in Hanuman Temple again due to tuesday's Pooja. Market has no reason to go up, every support is breaking one by one after kissing 200 DSMA so sell in every rally is safe:)
Half hour of Relief and again the puli at 2.30
Sirrrrrrr
urgent - micro guidance please tks n advance
Sis
why dont you listen to this song, dont be greedy :D
http://www.youtube.com/watch?v=RRoKprk0LoY&feature=related
New Post Done.
with pinch of salt
Traveller said...
@jagannathan
Who is expert ? :D
expert is that fellow who lost money betting on wrong side even that he know his bet is on wrong place and adding more on wrong side when his trade going wrong....
many bad experience results as 1 perfect TA
just kidding don't take it seriously
Hi Kumar Sir,
I am not sure if my asking is wrong. But I will go
ahead & ask. Is it possible for you to update your trades
in your blog or here whenever you take them just like
how Master does? To be specific, I wanted to learn the
art of hedging from you.
The reason I am asking is that it may help people
like me to understand how experienced people like you
trade in the market. How trades are initialised? At
what price is it good to enter? What price to exit?
Following this for some short duration will teach us how to make profitable trades.
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