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...
21 comments:
@Illango Sir / Blog mates
There is a error in Time Calculation of Wave A and Wave B . Let me re work and post it.
@ilango sir
good eve
thanks for nice help
as per yesterday chat i created short at 4820, and kept stop loss of today jnsar 4870 as you told me yesterday. booked profit in 50% at 4640.
how can i found next day jnsar from your end of day table. kindly guide. as i could not find 19 December in table. thanks in advance.
Sir,
I had posted this earlier. But no Responce by anybody.
so request again.
I want to know Highest Volume on particular range (10-20 point)
from last 5 days or 10 days. I think it is great tool for SAR
also. from where I get? Sir if u get please enter in TT if possible
Hyperlink not working just need to del after html
http://www.4shared.com/document/
Ov23iBpJ/01JustNifty-TA-1_by_ilango__3.html
http://o-j-n.blogspot.com/2011/11/rising-racing-usdollar-indian-rupee.html
@ Illango Sir / Blog mates,
While attempting to do Time analysis I came across the following count. Comments / analysis will help me to understand more clearly.
7th Dec. 14.00 hrs 5099
9th Dec. 09.20 hrs 4843 256 Wave 1 - 1
9th Dec. 14.35 hrs 4918 75 Wave 1 - 2
13th Dec 09.15 hrs 4728 190 Wave 1 - 3
14th Dec. 11.3 hrs 4840 111 Wave 1 - 4
15th Dec. 11.15 hrs 4674 166 Wave 1 - 5
16th Dec 13.30 hrs 4818 144 Wave 2
16th Dec 15.15 hrs 4628 190 Wave 3 - ?
As per the above the market may touch around 4555 with tolerance limit of 17 points
to complete Wave 3. If I am missing something please correct me.
Jayaraman,
If you take this count, then Wave two isn't completed and we are staring at kinda irregular correction correction
Wave 2 as per you wasn't sufficiently long (timewise and pricewise to offset the biggestb correction as per your wave 1. Even I ain't sure, But if we cross around 4670, guess it should be a V recovery
Its all opinion mate. Nobody is right or wrong
Sir,
In the tech table COLOUR :
Red = Sell
Green = buy.
But, what does YELLOW colour back-ground(shading) mean?
Sharebroker Nirmal Kotecha under ED investigation with
links to ADAG Group.
Is this the cause of such a rapid fall?
Suspected to have laundered money in 2g scam.
@RS
Wave 2 has not crossed Wave 1 - iv which is also Wave 1 - ii zone. Regarding time Wave 2 can also consume less time than Wave 1. Wave 2 is also sharp and it is Zig Zag. Hence your point for invalidation is not correct.
Illango Sir comment will help us to devise a Trade plan.
@Illango Sir,
As per my count, the down side target is not beyond 4540 and it may happen faster than what average trader could perceive. Sir your comment on my above count can help me to devise my trade plan. Based on your comment I am planning to make my Trade Plan.
@ Jayaraman
I guess if your count is correct, then 4674 shouldn't be breached till 5 waves unfold. Bud, I guess u can go for the trade as Nifty is at 4651. Just a 20 point stopploss!!! And almost 2.5 waves left!
Rest only master can comment.
Happy trading
@ Jayaraman
I guess if your count is correct, then 4674 shouldn't be breached till 5 waves unfold. Bud, I guess u can go for the trade as Nifty is at 4651. Just a 20 point stopploss!!! And almost 2.5 waves left!
Rest only master can comment.
Happy trading
can anyone please advice the probabale support range
where nifty can stall and bounce back??
as nifty has broken below 52wk lows and also closed at
lowest level
Dear Jayaraman,
I don’t understand EW waves, but I would like to share as per my little bit understanding.
From FNO data huge 4600 CE addition is threatening.Lack of writing in downward PE’s below 4600 is suggesting Bull’s shattered confidence.NF O.I. just above 2 CR.is suggesting that still there is lot of room left for any new addition to go short if, in hurry, if Bulls shall try to go up from current level. When Nifty closed well below Hawala price, no need to tell that Bulls are in pain and now when there are just 9 trading days are left for expiry, if Nifty will try go up from current level then each up move will be nothing but just an opportunity to escape, to square off their positions, which Bulls would try to grab.
Now, unless and until Nifty will cross 4775, danger of showing further new low shall be there and if…. If Nifty shall start to trade below 4600 then instead of 4550, it has hidden potential to show even 4450.Weekly Slow stochastic,Smacd, is now not that much favorable for Bulls which was favoring slightly ago, probably which would add some more fuel. Let us see
Dear Sir today i have also made my own blog with the
help of you, beacuse i was unknown about this.
thanks is a short word for saying to you but realy u r
great master.
my self amit sharma if u remeber me some time ago i have
posted a comment . my english language is so so
@MYNAC
Yes, I agree with you. I am of the opinion Nifty may not cross 4697 on Monday and it will crash to the maximum of 4480 and it is going to be very swift.
@NEVER GIVE UP
Your English language is good. As a Trader our language is 1,2 ,3, ...9,0. Share your views that is what will change your life and as well as others.
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