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...
51 comments:
@Ilango / Senior blogmates,
Good Morning. For conservative trade If gap up opening
above 5580 should we take SAR position @ opening or
watch for ORB? SGX nifty @5595. Please suggest.
Namaste Ilango sir and all,
Head and Shoulders in 5min TF. Pattern would provide the desired only if there is downmove with increased volumes and the pattern would be invalidated above 5595 NF
http://4.bp.blogspot.com/-LXsxlXBnb1Y/TihJ0xtnDJI/AAAAAAAAAPg/q0xom9LmKO4/s1600/H+and+S+5min+NF+char+july+21.bmp
Good Morning Ilango Sir and Friends
NIFTY Daily Analysis: CLICK HERE
GM Ilango
Sanjay bhai, Sorry it was my mistake....seen something else.
gm sir & all sir sell sar at 5560?
Namste Sir and friends.
LV
Good Morning Sir and Seniors
Namaste Ilango Sir and all
Ilango sir Please tell us how to deal such situations of Gapup for JNSAR followers
good morning MASTER ILANGO
Dear Sanjay,
Now I rectified. What I told is also correct.
PCR-OI is 1.08 and PCR-VOL is 0.95
Thanks.
Namaste Ilango Sir,
Good morning. Ready for a difficult day for bears.
Thanks
GM all,
@satheesh sir & parminder sir this is one of possible pattern on hourly chart pls check
http://s1232.photobucket.com/albums/ff367/rahuljamkar/?action=view¤t=bullishpatterns.jpg
gud morning llango sir and all
As the chart suggests, the sideways band of 5535 to 5630/35 is on.
JNSAR traders could either keep a filter @ 5589+21=5610 or take the trade at 5589 and manage it.
The fall from 5740 to 5496 is being corrected. TA looks weak. At such situations, generally, the +ve world mkts provide a selling opportunity. (There could be exceptions).
You manage such gap ups only by way of "Part booking" or filter or entering on pull back.
"5574"-wema would be keenly watched.
Namaste Ilango Sir and JN Family
Namaste ilango sir and friends,
today's quote received :
Take up one idea, make that one idea your life, think of it, dream of it, let the brain, muscle, nerves, every part of your body be full of that idea and just leave every other idea alone. This is the way great spiritual giants are produced, others are mere talking machines.
- Swami Vivekanand
Good Morning Sir and Warriors --- Another Lovely day to sell at the Opening :) :)
Good Morning............
Such a Positive Global Market --- And JNSAR Stands like a Great Wall of China
Good Morning Master and copy to All
Not much damage done, JNSAR protected :D
"Intraday traders" may opt for ORB to initiate trades.
Good Morning ALL
http://www.ventura1.com/VenNews.aspx?urlStr=NewsDetailsPointer.aspx?NewsId=144598amp;SecId=4amp;subsecId=47
sir, yesterday 5 waves as in c of b from 5745 completed
this rally might be real. invalidation 5533.
DINESHJI good morning
5740 instead of 5745
@Dinesh Sir
:) :) :) A Happy Man Now Me :)
GM Sir,
Conservative Trade and trade positions - Can this be shown on the home screen permanently?
This will help like me new readers to follow you.
Thanks
Rajesh
GK Forex & Alisha Jain,
Why this intrusion..?? Please stay away.
I would prefer to keep a filter for the JNSAR, though intraday upsides are possible holding above 5555-5565.
Shorts Trigerred below 5576 now :)
@ Rajesh,
I am working on "Pruning" things down. I can't add any more. I suggest you copy it and keep it handy for yourself.
ORB broken downside, some relief :)
Good morning Ilango Sir and all
@ PT,
This is one more instance of "Why we should believe in our technicals rather than losing sleep over US Mkts.
Getting Rich slowly :) :) :)
Today 5500 Puts are showing some signs of Covering :)
AGAIN reliance in A MESS
@PT,
:)
watch NF LEVELS 5566-5570, this need to be broken for more lows.
@Ilango Sir,
Yes Really :) :) I was Tensed yesterday Seeing Global Markets but relieved Now :)
GM friends & fellow boarders!!
"Part booked JNSAR could have been easily RESOLD at the original selling level today @ 5595"..!
@Arif,
Thanks for your email. Will try today or Monday.
@Chandra,
Pl. send ur email id to me(pl. do not post here)
parminder said...
DINESHJI good morning
Parminder ji Wish to Master
its automatically conveyed to all
& Master says lets not waste time in formalities
Good Morning Sir & Friends....
Once NF breaks 5566, then 5556, 5526 possible.
Axis bank result may be in between.
Staying above NF 5593, then 5600, 5607, 5628..
Gm Illango sir & all
Good Morning All
New Post Done.
prabakar sir...
plz send me sir.... i will check, my email
id sgmohanasundaram@gmail.com
gm sir and all blogmates
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