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...
35 comments:
Good Morning Ilango Sir and Friends
NIFTY Analysis: CLICK HERE
Good morning Sir and friends
gm all.
Trading plan -
Aggressive -
Short at 5125 ( R1 ) with 5145 SL
Long at 5060 ( DHEma ) with 5050 SL
Conservative -
Short below 5050.
Long after 5145.
Notes -
Week trend is up but sell on rises is possible ( WHEma - 5082 ). Caution.
Day trend is up and "buy and hold". Watch for DHEma at 5057.
Month trend is down.
EW analysis -
If 4729-5137 uptrend just finished Wave 3, then we are in a
complex Wave 4 which can go for 2-3 days. So can be Monday when
we expect to finish. If we finished an impulse yesterday at 5137,
then we can finish an A wave impulse in the morning today going down,
and then start B of the correction. Anyways, the correction usually
should last 2-3 days.
Takeaway -
DONT FIGHT THE TREND AND SAR VALUES.
sgx down 10.
Good Morning Master & Friends
Namaste Maxster Ilango and all good friends here
have a nice profitable trading day.
Sorry, Master Ilango
good morning ilango sir and seniors
Good morning all...
Master ilango and friends,
GOOD Morning to all....
☺☺
Good Morning Sir and all !
Diwali preparations on full swing , Off to visit parents
next week for Diwali.
@ golf dude can we correct up to 4930 which is 50% ret ?????
Namaste Ilango Sir and JN Family
Good Morning Master Illango and friends
Namaste Ilango Sir and fellow bloggers
LV
@sudharshan,
If this is a Wave ii of a bigger impulse, it can.
But if this is still Wave 4 sideways action, i dont know.
I am expecting a min 38%.
Good Morning Master & Friends...
Namaste Ilango sir and all,
Fast fall/Fast rise setup in 5min NF charts.
5min NF chart fastfall/fast rise
@mynac,
Big buying at open ???
Good Morning and thank you Master and Seniors for all the inputs
gm all- nifty again above WHEMA.AS mentioned yday in our google groups, ideal shorts can be below WJ10SAR.
GM SIR, and all gems of JN
@ilango sir,
Can you post EW analysis of the smaller TF last 2 days ? Thx
If 5100 is not taken out then a fast fall from 100MA of 5min NF!! If moved past 5100-110 then the fast fall gets negated.
5094 is today's Day PIVOT
I hope sincerely that today will move with Sir's participation unlike yesterday!!
Good morning guru dev & friends
Hourly JNSAR triggered
Sir GM
And DR GM and hope your wife is back home?
Goodmorning sir and all :)
Daily nifty trading tips - 110% accurate
Visit Daily...Sujatha's level @
Tirumala Tirupathi Devasthanam Hindi.com :D
DRji - Hope mam is OK. :)
Strange that 30 min chart RSI has gone down inspite
of this runup. Below 35.
Closing this hour above/around WHEma.
sanjay bhai- is this short built up in puts or actual put writing?
i see OI in calls also negative today.
New Post Done.
@ilango sir
I am getting confused with the agressive trades that you list. Are those nifty future levels or Spot Levels.
Thanks
Hi SAntej,
Master always gives spot levels unless specified
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