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...
55 comments:
"5188" falls in Pre-Market's support at 5185-90 and Camarilla's L5 @ 5186.
More weakness below these only.
test
all the pros and cons are working
trading is your personal journey.
booked shorts @ 12:15 , price closed > 21EMA , 5mins
34EMA ,30mins @ 5261.4 is currently far away from 5HrLEMA & HEMA... so no new trade for now
5 wave pattern in 1 min chart
with +ve dive in 5 min chart &
5188 in place.....
correction over?????
ns may face res at55ema in 5 min charts
Being resisted @ 5219-5223, WLEma/ DLEma.
very important for Nfty to stay above 5205-5211
Short Term TL support arrives here for the day...
@ sanpot,
You talked about Ending diagonal.(Falling wedge)
It is a possibility if Nifty keeps to the two boundaries, the lines drawn connecting the tops 5499 to 5386 for resistances and the line connecting the bottoms 5239 & 5206 for supports.
1 and 2 comleted. now getting ready for 3rd up
rounding bottom / Cup & handle on intra 5mins charts....
Bullish anyone , long to 5260 ? :-)
Thanks a lot Sir.
if we go past 5225 then bulls can expect another bounce upto 5275-80 levels( positional view)
@shriram
me long. tell when to book. thanks.
it forms double top on 2min chart at 5220 and now slipped below 34 min EMA...
ns falling after testing 55ema
fast fall setup emerging in ns charts b/w 50 and 200ema
Can anybody tell me what is GAAR???
anmpatel said...
me long. tell when to book. thanks.
@ Anmpatel : I dont know , I was only asking ppl for opinion. Dint say it is time to go LONG.
If you ahev gone long, SL should be 5190 (5mins CLOSE LOW)
HIGH PROBABILITY TRADE only works when we Link 34EMA , 30mins with 5Hi-LO EMA to ENTER!
cheers
@ Sir
Sir Please tell me , Is it falling wedge ??
Breakout will move upside ??
Vital for BULLS to protect 5205-5211 EOD basis!!!
Upside Capped
Ilangoji, 1pm TT update please.
Good Afternoon Master and Copy to All
I was away & see what bear have done to mkt
@ Victorious,
If it is a falling wedge, I have stated the conditions and it will take another two days to complete.
@ Badri,
1.00PM Update done.
DR SIr, welcome back.
http://www.youtube.com/watch?v=uSv3aHmCXGY
Below 5194, weakness again..
LEmas have been the resistances...which is bearish.
CNBC is telling that there is FEAR of GAAR in FIIs
What is GAAR??
Touched Camrila pivot LL5
SAM
General Anti-Avoidance Rule (GAAR) .... Bad for FII .. Was discussed in Budget
It looks Bears lost the intra momentum here…
SAM... http://www.moneycontrol.com/news/management/grrrr-grrrrr-gaar_684670.html
GAAR is one of the elements of the Direct Taxes Code (DTC) proposed in the Budget. The rule is aimed at complicated deals where one of the purposes is to avoid tax.
GAAR
The industry apprehension is that under the garb of GAAR, tax officials would act as policemen and arrest them on one plea or the other.
According to the proposed rule, the assessing officer will make a reference to the commissioner of income tax if he is satisfied that a particular deal is aimed at avoiding tax. After being satisfied, the commissioner concerned will refer the matter to a three-member approving panel, comprising officers of the rank of commissioner or above. The panel will have to decide the case in six months. The industry feels the panel would have the power to arrest.
Hammering on Now ... The Window in Nifty now looks Sensible
sudden spikes up in a downward markets are due to smart money buying
another move for test of 55ema
two knocks have been done..its become fragile now
more downside possible.
Barber's experience is a must for Bear.
Bas ek close chahiyeeeee 5217 k below
Jignesh
Goron ke hathon mein iski dor hain :D
Thanks all... for information on GAAR
DR sir have logged in
bears need to be cautious
@PT
bov buying kari lidhu dhodiya o e, have selling pan karse ne!
unknown ji , sudden spike was due to eur data.,
@Jignesh
Ek dun sachi waat
neckline(or TL) of h&S pattern have been tested thrice
today and 55ema twice..
very near of giving some sharp move
The big problem for BULLS is that market is now trading below HIGHER T/F Degree Support TLs as well as EOD 55DEMA..
Treat all UP-moves as SCALPING MOVES only (until we can post a EOD close above 5244 - 55DEMA)
cheers
Hindalco Again ... Red Red Red
@ Jiignesh
1st sign came Nifty closed below 5217 on 4 hrly chart now need to wait for EOD close below it.
5159 (NS) to be watched.......
Broker's day!!!
New Post Done.
i still have hopes that second half of the year should be better for the markets...rate cuts has to happen else economy will squeeze to death....4th qtr results are giving hint of weak and poor nos
Sir,
Except'RAJ" hope all is "against my thought". All is well :) Regarding Sensex - technically weak absolutely but "with the some other technical" reasons i feel closing basis "it will show it's colour for a pullback". It's so simple if i say the No. u will find out what it is :D But no idea at all to overcross my "master" :)
If at all "no upmove today" then "arresting" here can show "a pullback" is not ruled out where the opportunity comes for "april shorting".
PS : Back to my "only No. game" No chart at all becoz of time constraint in coming months
I will give up to "bears" if close is BELOW 5200
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