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...
44 comments:
@Ilango
NS is above JNSAR which triggered on friday, above
5DEMA and 50 sma is about to crossover over 200sma.
Is this not a valid case for retaining JNSAR positional
longs???
@ AJ
Kumar Sir got pyar from Nifty in the morning
BTST
Know wife time
evening whisky time
3 in 1
cheers Kumar Sir
seems to be taking support @ 18EMA, 30mins T/F?
@shriram
well leaving aside long term, the rally in anticipation
of deal and correction post deal. the price action
is suggesting no pungent thing for bulls in short term.
it looks like market anticipated good news it got it and
now correcting.after this time correction more
rallies.my question is this was a very dreaded thing ,
it happened and no price damage as compared to the fear.
this used to cause 50-100 point gapdown/gapups in nifty
in sep oct 2011 .
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Again , news is that the insurances payouts will be enforced by 19th Mar'12. So some banks will have to scramble to make cash arrangements for the said payouts.
Depending on how much leverage these banks hold, vis a vi equity positions will determine, if we see a sell-off --> This is all ST
On the Long Term --> Seeing Greece Default, many other Banks may also de-leverage , de-risk from equities & we may see unwinding all across the board ??
Ilango Sir, todays low of 5327 is 38.2% retracement of
the upmove from 5170 to 5420. Can this be labelled as wave
2 from where we can expect Wave 3 to start?
@DR Sir Mail sent ... pls check in your leisure time.
HONOURED EXCLUSIVELY JNSAR
SLO 5326-20 = 5324
JNSAR 5344-20=5324
PLEASE READ AS
Dear AJ!
Thanx for ur wishes & lovely clip either i was worried bcoz D R ji sent this biography kind of clip to listen on this day:)
http://www.youtube.com/watch?v=F4OI8oRiNPc
SORRY AGAIN MISTAKES.
JNSAR 5326-20=5306
SHRI KUMAR SIR,
Happy wedding anniversary
@ buggie advani, Kumar ji
LOL
@ piyush:
Am not a news based trading man.. so cant answer tat one!
@shriram
even i am not but this greece news gave lot
of troubles so kept an eye on it
can anybody confirm if 50 SMA has crossed 200 SMA
Just about touching today Jayant
@jayant
yes it has
@ jayant
from where i see it
as of know it has crossed
cheers
Thanks Sandy , buggie advani ...cheers
intraday 5 min charts is a fast rise setup emerging??
haha...
whole debt crisis hulla-baloo may be a "shadyantra" to buy equities @ lower levels for multi-bagger gains also ;-)
@ Sir LLango
Any reading material
for Golden Crossover
thanks n advance
cheers
Price moves give lot of clues to news flow.
RBI news was in the price on Friday itself. So
obviously some ppl get the news before we do.
If there was something positive in the budget price would not
have remained at these levels and that too just four days
before the budget. That is my understanding.
In any case closely watching the ticker and your number
or numbers will help.
emas have converged in 5min charts
..
some volatility may be seen soon
buggi advani
golden cross is here
www.businessinsider.com/a-golden-cross-is-about-to-appear-in-the-s.
@Parimal: Link is incomplete.
sorry cannot get it complete
please just punch golden cross:
A 'golden cross' appears imminent in the S&P 500. What this means is the 50-day moving average crosses above the 200-day moving average. It's frequently seen as an auspicious trend.
Ron Greiss of The Chart Store sent us a big set of charts, looking at the performance of golden crosses in the index going back to 1930.
The table on the right looks at golden crosses, and the subsequent performance of the index when both the 50-day moving average and the 200-day moving average are rising.
They certainly make some nice viewing.
@Experts: Niftys looks like it is struggling to keep above 5360. Every rise above it is getting sold into. Same time nifty is holding above 5325 which Master mentioned about a couple f days back.
As Master mentioned correctly, looks like nifty is in grinding mode for 2-3 days. Wonder what i going to come out - dosa or iddli .. :)
@Prabhat,
Mendu Wada ...with the ksahmiri mirchi ... all way red
and tikha tikha
prabhat
Ask Sis!!
@prabhat,
Cooldent is right. because sis's grinder is on.
snack
http://www.itslife.in/wp-content/gallery/receipe-snacks/recipes-snacks-mirchi-bada.jpg
@Cooldent & Nilesh: Sis' communication is so cryptic for me to understand.
Her levels are either cam1, cam2, cam3 - wonder how we must update them .. & her rewards
are always full meals & half meals.
I can see DR Sir on one end of the sea saw while its Sujatha Ma'm
on the other.. while Master is sitting on the centre rod.
Currently Sis is weighing more ... so nifty is below 536-.
DR Sir.. do something .. where are the bulls ..? Grazing or sleeping ..
@DR Sir: I am still trying to understand how you are equipped with
pictures for the right occasion all the time. ..
In the part time, sir do you host youtube video server?
:)
@Pravgatji,
JNSAR is in buy mode. so i kept the sl 5293 as 34hrsma &
50% retracement of the upmove. 5360 is a 38% retracement of
5420 to 5325. above this it will +ve. as it is my view.
@ Prabhatji,
sorry for typo mistake
@Nilesh: Xerox.
Ilango, I have been studying the trades u've mentioned
since very long time now - although I understand nothing
of EW but I have learnt to trust your knowledge and
seen that invariably your JNSAR trades hit the target
so - here 5350NF is JNSAR - UP - that means it will
at-least hit 5450NF today, tomorrow or later. I have
no doubts about that. How to play for the points after that?
ilango sir,
after this much of correction can one go long above HHEMA
328/23/299??? any bet
Janak
No guarantees in the stock market
Sis
who has courage to take bet against you?
5299 may come
cooldent - yes thats true but I am just mentioning
my observations :-)evenif ilango's mentioned trades fail
- his success rate is far far higher
New Post Done.
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