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...
56 comments:
@Ilango, Sujatha
20 points above DHEMA at 4816 also is equivalent to
the month low ema of 4833...any inputs???
Good morning everyone !
Here is the NIFTY weekly update
http://mytradinghandbook.blogspot.com/2011/11/nifty-weekend-update-november-28-2011.html
Good luck !
GM Master & to all my friends & seniors
@Satheesh,
The fall from 5400-4639 is exactly 113% of the rally from 4728-5400. Any pattern? :)
@Master: We are noticing that in the recent past we see nifty pausing around the mid-point crisis area & then continuing to move in the direction of the trend.
So do we also expect a pause as witnessed now
between 4800-4825 & then continue to move in the
direction of the trend towards 4900-4950 area?
The reason I am asking this is to short near 4825 levels. In case we do this, should nifty
close today above 4800 then do we cover our shorts & go long for tgts for 4950?
R2 is 4842.
any view on banknifty, seniors?
Whatever top has to be, it may be before parliament opens
today at 11:00 am.
I am expecting 4150 in this series first.
can anybody please help me for auto refresh of live world futures they are not showing live from friday please help freinds
Dear sir Ilango,
sir, plz put 5 min chart with "EW" label from low
4639 up to steel....
regards,
Alpesh
Sir - i am in confusion(as usual :D)as per my observation, when price is making lower low if indicator not then that's a "good short term" signal?? i think indicators not done lower low while nifty price made lower low is it right or my understanding is wrong as usual??
@Indus - yeah..so manyyyyyyyy as per 15 min (nearly 5 days)showing the resis. line at 4850 around. I AM A POOR CHARTER . BE CAREFUL. CHECK @ UR END. dear mynac's high volume trade matching with 4780 which is 23rd nov. gap high. 4916/19 is the "slight green hammer" formed on 18th nov. Looks like nifty is aiming for that?? :P Hope Prabhat's bull will bring that :)
The abc from 4639 looks perfect to complete at 4824.
a=4639-4771
b=4771-4693
c=4693-4824 ( c=a )
Fire,
That is what I have mentioned as Bearish Shark pattern in weekly charts.
http://tradeessentials.blogspot.com/2011_11_20_archive.html
http://4.bp.blogspot.com/-
DkUbTkf3dSk/Ts5549Ri0xI/AAAAAAAAAqk/JSK_T2wm_I8/s1600/nov+24+weekly+charts+ew+with+harmon.png
Those who are born on 3rd, 12th, 21st, 30th and in Sagittarian
and Pisces [ruled by planet no.3 (Jupiter)] period are prone to respiratory problems.
Should stay away from dust and smoke.
Yuvraj singh born on 12-12-1981 & Rajnikanth born on 12-12-1950 double 3s. Both are facing same problem related to lungs.
Thanks
@Ilango
Today's JNSAR of 4850 is also the 200 day ema
ns may show some weakness for 20-30 pts now if trade below 4798
@Satheesh,
Great analysis. Naturally you have found it. Me and my big mouth... :(
Just a small confusion. In the chart, should it be read as "B (current)= 4641 113% of XA"?
@pankaj,
market already discounted fdi in retail bill not passing !
Good morning Sir and Friends.
@Sujata, I made that comment about JNSAR and J10SAR. I have limited JNSAR and J10SAR data so I cannot actually plot them on the nifty price chart and confirm this premise.
It is just observation of some days of data so please do not base trades on that :-)
My positional target is 5000+ for December but dear Fire and others know that I am hope'less' bull so don't go hard against the trend based on my hope.
Good Morning Everybody!
Dear FIRE & Satheesh,
Thanx for lovely chart pattern, it gave me little hope in dark room:)
Rgrds
Kumar
@Shr,
You may have got something there...
@ Fire,
yes it is a mistake. It should be read as 113% of XA
Shr - thanks. "study" purpose only :) no wonder 5K+++ bring it that's " my weekly ema duo" area that will decide the further upmove or downmove. let us see this now. hope u r watching. yeah v can't compete with satheesh, fire, etc., people - the MOST TECHNICALS :D
@kalyani,
that is not only reason, i am saying for 4150 target.
there are other more technical reasons for that.
weakest stock is heromotocorp.
Sir comments of 9.39
If it is th ivth wave, it generally breaks the channel which would come to around 4815.
a = 4639 to 4771=132 points
c = 4693 + 132 = 4825.
That would be a +10 points out of the channel.
If manages to move past that, then JNSAR @ 4850 would confirm it as a larger corrective up move.
Sir comments of 9.44
Add to the above:
High ema @ 4824 plus 20 points would be the top end of the trading range.
Dear Sir,
sir leading diagonal forming in 5 mnts intraday chart
nifty.
pls reply
regards
Nirav
As long as RSI is between 50-80 & MACD in +ve terrain, there is no reason for nifty to fall.
what am I expecting (only a gut feeling) - nifty will close at its high today.
@suja,
u r right as usual:-) abt the rule and its application now ..
ps,
top is 4813.30 before parliament.
4813.30-4150.
risk reward ratio is more than 500%.
great.
Good morning Sir
Prabhat,
i m expecting +100 from low of nf.i.e.4850.
open/low is same.
dow future 167 points up.
europe +2%.
@ Piyush - lol :) trying to be a LEO :P - listen, enrich, optimize ( this optimize is important?? ) trying to minimise my trading days is it possible for me??!! only time and GOD knows :D
wow hitendra - you tooooo?? with this open/low :) expecting NF 4879/80 for resistance then pullback possible??
hitendra sir , on what basis u arrive that nifty fall to 4150
i m new to this blog
@ Kumar sir
Thanks for your encouragement
Sir and freinds what should i do for world futures auto update anyone can help plz?
23.6% retr complete for the down move from 5400 -4639.
4874/4639
80% COMES AT 4827.
sorry hitendra sir, it,s for PS sir
@Jay shah,
try this -- http://www.sgxniftydowfutureslive.com/index_files/IndexFutures.htm
@Sujatha,
No shorting opportunity from your kitchen, still pulling my leg?
@Kumarji,
Its Satheesh all the way.
BTW, any new high now may bring some -ve div. in the 5-min. chart.
@satheesh mam
38.2%-retr - 4929 can be expected.
@jay,
what are you asking ? you want ur page to refresh every
few minutes ? Add some javascript code ( timer )
to refresh page so often.
Cut and paste this code into ur html -
http://www.javascriptkit.com/script/script2/autofresh.shtml
4916/4639.
4810/4843/4861 LVLS ON UPSIDE.
PRAKASHBKC,
SEE PANKAJ SHUKLA COMMENTS LVL OF 4150.
Dear FIRE!
You are right, Satheesh deserve big applause bcoz most of the times she helped this forum timely by indicating fast fall/rise and harmonic patterns. You deserve hats off for catching bigger moves but ur -ve div indication troubling me. Sujatha Technical Institute is a well known name in technical world but her disclaimer is that dont take her analysis seriously so i am always confused and she deletes her comments also:)
@Kumarji,
LOL...
STI- can also be called our own Short term Indicator. Signals are fast and furious and then invisible... :P
TY fire and golfdude isur world futures at forexpros.com automatically updating?
@Kumarji,
LOL...
STI- can also be called our own Short term Indicator. Signals are fast and furious and then invisible... :P
@Sujatha,
I believe u r ready for intraday short, this hour may be critical for bulls..
New Post Done.
Nice cluster in 4820-40. MLEMA/WLEMA/DHEMA/W-R1 & Retracement levels.
@sujata,
Absolutely correct. Also market gone below 4895(38.2% level)
2nd time after going above it. So chances are that 61.8% level
at 3995 or little higher may be tested.
35% lower from all time high is another criterion.
IT, cement, FMCG and auto (2 wheelers) stocks are in 1st of 3rd down.
Till we dont cross 4970 (that is absolute maximum),
bearish scenario has 100% chance.
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