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...
43 comments:
Good Morning sir and warriors ...
Triangle breaks down ... hoping for 5167 and 5078 now
50% & 61.8% of the current fall of 5367 to 5291 are:5329-38. 80% @ 5352, coincides with 34 Hr sma, is the point of "intraday reversal" conf..
5338 for aggressive intraday player.
5352 for conservative intrday player...till the current low is broken.
@POWERTRADE: Very good morning.. Amen..
Prabhakar Ji
summa ameem :)
Breaking News :
'Why this Kolaveri Di' banned in Maharashtra...
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.
.
.
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Raj Thackeray wants the song to be renamed as :
"Why this Kolhapuri Di"...!!!
no green spot yet...
will red spot again exert pressure on nifty??
ns prices very near to red spot
@PT,
Do not allow nifty to enter in triangle.
Gm Sir and friends!! Wanted to buy gold for marriage. is it worth to buy immediately or can wait until may?
Gold experts, pls help :)
Very BAD Joke CD :(
@PT Sir:
One more {Thud(s)...} please..
@Ilango
BN is holding channel support at 10240.....is an
intra upmove possible from here????.....BN is down 2% and
seems to be dragging the nifty....would welcome your
views
5338 is also intraday CAM buy
@Prabhakar Ji
Last monday jaisa setup lag raha hain ... owing to election
results tomorrow ... looks like more downsides
but in a tiring manner:)
Sir ,
is it right to keep 34 HR moving average on a 5 min TF as a stop loss for shorts taken on break of ORB and then break of 5298.
positional long has been triggered in
CAM 5306 WITH STOPLOSS of 5250
cheers
Hindalco Hindalco .... copper will melt it will melt
@ram charan
Buy it asap
Anybody is having any technical analysis on ONGC???
Is it a worth buying @280??
@ Indus,
After the steady fall of 5630 to 5268, Nifty has been making lower highs such as 5459, 5392, 5367 but the higher lows of 5268, 5298 got broken today.
We need to be patient here and stay in the current direction which is "down" but not a smooth down as the close is above "LEmas" in EOD.
To protect the trading positions, you keep the 61.8% & 80% of the last fall as a trailing SL and in the present scenario, it is 5338 & 5352 till 5290 is broken after which we'll take the retrace for the next fall.
I am looking at the move from 5630 top as a "Corrective" only till the month turns down.
These above views for TA followers/ intraday followers.
@ram
Or do one thing buy gold bar now and sell that in may and buy jewellery, because you will get good designs in may and for rate you already have bars
Jiggs - me too wants to buy silver for an occasion.. view pls. tks n advance.
PT - mm.. sensex not cooperating on upperside so probably ball is with you :) :)
Thanks Ilango Sir ... The Picture gets complete clarity
now :)
@Ilango....many thanks
@Sujatha
Thanks a Lot :) :)
@PT,
There is more chance that sujatha may change the colour next hour for intraday!! :)
@Sujatha,
Pl. correct me if wrong.
@Sujatha and Warriors
Any idea on Tata Motors ???
After breaking 5310 (Nifty's channel bottom @ 5310 : Refer to ilango' sirs green box in Pre-market)
5310 acting as a Resistance. Ascending triangle has top line of 5310.
Usualy Prices discount quite early before the news
my be the election results have been factored in
and late noon session may have the fall
Prabha - no chance so far to change my colour expecting atleast 5286/50 leels (so greedy??? :P)
then think otherwise if i want Intra or else can't say "little busy" so no continuation "(
PT - "divorced" tata motors becoz of some "pakistani" issue :(
it's better to part book @ 5250/60 level once get ready
@ dare,
email sent to you for ONGC
Thanks a lot Sujatha me too waiting for the same .. part
book nahin fully book karunga ..
'ADAG PACK IN TOP GAINERS !
@guresh59,
thanks.....
I want to make investment in cash for the month of
march only for tgt of 300? thats why closely watching
this stock...but since last 3 days it is trading
tightly near 280 not giving any clue of breakout or
breakdown...
Morning Illango ji,
Now that 5306 is breached, is it prudent to switch the EW count to
Wave 3 of impulse in progress from 5629 ??
urs
@Dare
I am heavily lodaded in 260 puts of TATA MOTORS
looks like i have to remove tata motors form my trading
Diary
5290 BROKEN
@Sujatha,
Thanks.
@ dare,
again new mail sent for ONGC........
for weekly and monthly chart
do not watch intraday volatality if you want
invest ...just stick to the levels only.....
New Post Done.
Good morning Sir and friends
As you say that you will consider it
corrective till the trend of month turns down.
So will it turn down on the break of 5mema
i.e.5205 or of last month 5154
@sujatha
Buy here, do not wait for any dip o/w you will miss train. I am Hoping second round of bubble soon, and in that second round of bubble we will see some unexpected levels.
Jiignesh
Jiigs - thanks will buy asap.. it's must wat to do?? :(
Ok.. let us see a small upmove then down again???
bye for the day
take care
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