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...
58 comments:
Sir,
Again 12/19/30 will come?? what's the line here it's grinding more here. but this time break of 4797 will give more downside looks like
13 days of sideways torture starting today ? We had 13 days of W1-W3.
Usually W4 should be same timeline. Makes sense as
writers gain most with sideways. Although theoretically
the range of this sideways should be atleast 200 pts :)
Zerodhara
every doubt is cleared here
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-510.html
but if you have low turnover dont go for cheap brokerage
today big volume fall may come,
and closing may be around 4600.
@PANKAJ SHUKLA,
any reason for such fall today only???????
@dare,
it is 3rd leg most dangerous. I am expecting it to break
4700 to go down to 4400 in this week itself and rally by friday
to again just above 4600 (4th leg).
then in next week to go down to about 4200 (5th leg) and again by friday to close
above 4600.
so in both week it may close above 4600 trend line
but inside week it may test 4400 and 4200.
@Ilango
Would welcome your inputs at this stage....10 am and 11
am hourly close above parameters, not so at 12 noon
Ashish AG - anything is possible in love, war and "stock market" - by DR :) give this 4915 today
Hello Sir & Friends..
Shukla Ji, seems to be in hurry...
this is for you...
मेरे दोस्तो ख़ुदारा, मेरे साथ तुम भी ढूँढो
वो यहीं कहीं छुपे हैं, मेरे ग़म का रुख़ बदल के
तेरी बेझिझक हँसी से, न किसी का दिल हो मैला
ये नगर है आईनों का, यहाँ साँस ले सम्भल के
this rally may be going to touch 4841, kyun ki 5-6 point rah
gaya tha last time....he he he
suklaji,
recommend some stocks to take puts.
thank you
PS,
In recent past of 1 year,
ncash has never fall contineous for more than 3 weeks.
It has gained & closed above 3rd week close in 4th week.
NCash has completed 3rd week on last Friday with close ard 4906.
If history repeats,
we will see a close above 4906 on Friday.
More in 5 DAY RSI on close is 6.
so limited downside is left not likely 4600 today.
Bull & fence once again
http://bankniftytradingchart.blogspot.com/
Asish - mm.. painful waiting :( is this a 3rd attempt for crossing 4830-34 levels???
@Ilango
Awaiting the karmic effect!!!!!
DR - wah..wants one fastesttttttttttt upmove in indices is enough for today then i will see after expiry
Lolzzzzzzzzz
Sis me 2
this weekend going out of station will be back on
Tuesday :D
@PANKAJ SHUKLA,
yes I understand the wave count but not sure of time
frame suggested by u...
I am just trying to learn that how u suggest today or
week time frame??????//
Pankaj ji,
Your answer is more of Possibility than Probability.
You have not reasoned out on what technical grounds / tools
you are making this analysis. If you can share that
analysis it will be helpful.
@ Indus,
Upsides is capped around DHEma. This settlement will end weak only.
These are small intra day moves.
Staying above 4800, the short term upsides will continue.
Sell on rises continues.
Hr JNSAR +ve....
@Ilango
As always, thank you for your time
Sir "This settlement will end weak only." let it come on settlement day and not today. :) nifty need ur permission. tks n advance. becoz "i am smelling something else from TT" :) hence not able to "accept" the downside :P unless it breakes day's low
DR - :) :) is nifty listening to you?? will miss u sir-jiiii :(
Pankaj/jayaraman - all v knows that EW is flexible one even me too have one :P :( if i post it then u all will "faint" for the benefit of all i didn't reveal :D
The game is concentrating on NF Dec series.
new high will be seen.
hangsang in green.
Ahaha this 4834 survives i am smelling 4846 even to 4862???
PS : DON'T TAKE MY LEVELS SERIOUSLY, FOLLOW YOUR'S.
SUJ,
NIFTY HEARD YOU.
CROSSED PRE HIGH.
R1 4847. & UR LVL 4915 IS R2.
http://www.petersonsfarm.com/images/9_21_07CalfRunning.jpg
bulls buying masala
bears waiting for ingredients to arrive to cook kalyani biryani
Dear Sir,
Sir 3rd wave completed in nifty chart will confirmed abv
4850 and 4th wave will top out @ around 4980 38% of 3rd
wave depending upon wave formation.
sir in your earlier reply you are telling to sell on rise.
which could be level for selling?
or should i go long abv 4850 ?
what could be our trading strategy in this 4th wave?
Regards,
Nirav
@Nath....U are really funny...u perk things up...:):)
now turn for yesterday high before close.
nf high @ 4879 yestdy.
in b/w 65/71.
@Sujatha
Where is Satheesh.????..missing the fast rise/fast fall
calls
Mam Sujata kindly tell me which book on EW is useful.
Do you think Beckman's book is okay or Ramki's?
thanks in advance
looks like inside day
will the harami deliver or abort
@master: In the pre-mkt quote you mentioned of nifty hitting
4900-5915 in case it breaches 4848.
Should go long at this level for the prior tgt?
nath - :) :) bears will cook u will eat???
hitendra - yeah 4873/76 will give us 4898 almost nearby my 4900 :D but this LBB should take out fastly is safe. ramcharan & jiggs is best in this "BB" issues
EARLY EURO TRADE
GER/UK/FRA
+48/30/30
A bear flag in falling channel.
Drakula
today is Tuesday & u should be on fast
Jai hanuman gyan gun sagar |
Jai kapis tihu lok ujagar ||
Ram dut atulit bal dhama |
Anjani putra pavan sut nama ||
jigs said...
Wow sujatha u r long. And why not! Today's candle formed outside BB, tomorrow's BB 4850 tomorrow niftywill try to get in or touch BB so very high chance for bounce
November 21, 2011 9:04 PM
Well done sujatha
& a crown for her
you can use Photoshop :D
http://www.thedivanetwork.com/wp-content/uploads/miss-universe-2008-crown.jpg
@DRSIR
Lol :)
I am not giving any bearish view. Just saying, Nifty is negtiating channels.
reliance and sbi not moving up with nifty,can it be a trap for sharp fall ahead??
DR - lol :) :)
Stockgrp - know sirji..just for fun :)
Jiggs - mm..pullback possible now let us see . 2 pm close is abv 35-37 level is good for today
nifty is moving up with help of a bounce in heavily oversold stocks...bullish and stocks taking rest and heavyweights not moving in sync with nifty
Satheesh would have spotted the "Fast fall set up developing in Intraday RT Chart
Nifty resisted exactly @ 4853-21 hr sma which will invalidate the fast fall as well as holding above 4825.
Fun part over
& I think Intraday bounce is also over/or about to end
Alert
Trend is still down
Namaste, Guruji, seniors and all friends,
It seems Nifty has resisted DLEMA.
Was that a resell zone?
reliance falling chamma cham
game may start if ns sustains below 4818
DR - agreed :) :)
stock4sure - 4818 will not come again i believe (atleast for today)
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