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...
74 comments:
@ bb,
I just looked at Century tex. stock. It is out performing the index.
So its gains will be of highest kind.
@All: Just to mention, all europe in blue. So the 1:30 factor may play role today. Usually I have observed that when all europe is green, then mkts slowly go down from 12:30 - 1 pm & start to rise from 1-1:30 pm with anticipation. If europe fuzzles out, then they fall again.. else they usually tend to hold on to 1:30 pm levels...
I do not have the complete statistics to support this observation. If it is found wrong, then pls ignore my post.
master, Can we consider iii wave till 5260 and
iv is on with abc...
a done at 5241
b at 5255
c is on ending around 5230-35
@ afzala.com,
Tata steel has delivered with JNSAR. So do other large caps.
But before you embark on this strategy, study the past history to arrive at individual stocks behaviour around JNSAR and then fine tune your plans.
I will upload the JNSAR of stocks with historical data soon in "JustNifty group", you may study them.
thanks sir
Yes..Traveller,
That possibility exist.
@Ilango
sir one request for stock, if possible can you make that stocks above jnsar looks green fonts and below jnsar looks red fonts. is it possible through excel auto function key? thank you.
I have taken JNSAR trade this time.
Thanks Master
@ Natti
Congrats Natti
stick to the rules
and you will get rewarded
Ilango:
Thank you for responding to my request.
Regards
bank nifty jnsar hit. second engine starts now fur fur fur
@ buggie advani
Thanks for your words.
1st time when I took it few months back it whipsawed and i lost focus.
After doing paper trade on next 3 trades i am back.
@ Natti
Good luck Natti. have a wonderful trade from here.
Thanks Victorious
@ ashish Agarwal
Strong rumours
and also stated @cnbc
Knocking at trendline on hourly??
Good Afternoon Everybody...
GA mynac.Plz give yr reading..
Dear bizagra,
Yes very true.. It's running too fast... 16lac addition in NF O.i. since morning...
midcap index is abv 5 day high
nifty near it
and bank nifty lagging 100points
can it do today then may propell nifty near 5300ns
DR sirrrrr
ye 3512 ka mini nifty trade aap ka tha kya? how many lots did u buy?
Would the effort to conquer "5275-78" cause a pause..?
1st day of the series, advantage taken by bulls fully.
Dear bizagra,
If "I" am “intra” long then would quit around 5280…for the day… as hrly pivot coming up slightly fast due to ”much” higher Hrly.low. But as the momentum is up still no harm…
i buy 2lt mininifty @5302 and put the sl @5280.when nifty low 3512 sl triger
but odin show loss -
145rs.what happend
@Ilango
FM clarification that no tax on Pnotes....FII sell
figure of yesterday, could reverse sharply
Hello Sir,
NIFTY SPOT making new HIgh Whereas Nifty Fut prices not .
How we can read this scenario?
Folks,
Hope you remember this chart -
http://1.bp.blogspot.com/-GyVlnzpILMM/T3RPfHFChOI/AAAAAAAAGqU/FeI0LrIMYZ8/s1600/0.0.PNG
Wow, Doesn't futurs also have circuit limits ?
One who mis-typed that during sell order must have gone crazy....
Mininifty traded at 3512 at 12.45. ODIN users can chek with shift F12. How is that possible.
Even my stoploss was hit.
Had to reenter all the trade in panic.
@fire
yes. but how to interpret falling wedge? what above 5278. is it resistant. please explain me. thanks.
Yes One Of Friend put SL at 5290 His Client SL also hit at
12:42:20 PM & at that price Tick List shows price at 5312
What is This ???
@ Badri
I checked about minifty..
Tick by tick data is not showing any trades below 5300.
Only on the trade screen it is 3512..
It is probably data error
3512 instead of 5312
@Ilango Sir
Can you give some idea about this 3512 in mininifty.
what will be the consequences.
Dear sandeep bhoite
It is possible in electronic trading, if someone sold good quantity & if there are buyers standing in line then in fraction of second the order (trade) is absorbed within a second but does not appear on the screen..
5278 seen
Almost 23 lac intra NF O.I.is there in just last 4-5 Hrs and Hrly data coming closer to overbought zone….and huge 11 lac addition in 5200PE indicates the strong support..No harm…Nifty still in positive territory…
Dear Mynac
Thanks for reply
BUT 3512 low showing in mini nifty .
We can only loudly laugh
or loudly shout on this...
I don't know but is that system or operator mistake ?
anyone who bought the mininifty at 3512 is one lucky
fellow. Made 36000 in one minute!!
can i reenter in mininifty after hit stoploss.when nifty low 3512
5260-5278 looks like a rising wedge in intraday chart. It could also be read as running correction.
mininifty low 3512.........3512..........nifty buyers............28 lakhs...................gadbad
@ ilango sir,
it it start of BIG "C" ?
IF NIFTY START OF CORRECTING AT WHAT LEVEL IT SHOULD STOP FOR NOT VOILATING BIG "C"? ?
Is the Nifty gap at 3686-3976 on 15-5-2009 filled or going to be filled???? GOD knows.
संदीप,
ती ऑर्डर डीलरच्या चुकी मुळे घाई घाईत पडलेली असेल आणि त्याच वेळी जो कोणी समोर आला असेल त्याला ती मिळून गेली."मटका"-मटका म्हणतात तो यालाच.आणि ५२९०च्य stop loss वाजण्याला ती आतून दिले असे म्हणण्याचा एक आपल्या कडे प्रघात आहे.:)
@ Badri
Please dont think that for now
be in present.
Please I am long.
5244 is 50hrly sma
oh. sorry Victorious. that was for fun. really sorry.
@ NOBLE,
Let the 1st part of the rise get over, we do a retracements and keep 61.8% for aggressive traders and 80% for conservative traders.
You could start right away with a retrace for 5136 to 5278 now.
I am expecting minimum upside 5330-40 NS
Now Almost 32 lac intra NF O.I.addition is there in just last 4-5 Hrs.It is surprising …on day first of the new series.. It looks Bulls are in a hurry :)
THANKS SIR,
IF 5278 IF HIGH...
FROM TO DIFF. 0.236 0.38 0.618 0.736 0.8
5136 5278 142 5244.5 5224.0 5190.2 5173.5 5164.4
@anmpatel,
Please check this link - http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge
Thank you for your "EE" activities..
धन्यवाद MYNAC Sir!
पण हा सर्व प्रकार चुकीचा नाही का ?
सेबी ह्या वर काही कारवाई करणार करेल की असेच सोडून देईल ?
@Ilango
At what point does the weekly trend assert itself?
5290 pivot or 5318 week 5ema?
@ Indus,
Price closing at the high point of the week having a spread of 150 points is the first confirmation - Its what is called a "Bar reversal".
MININIFTY LOW UPDATED 5238
Have you notice that low of mini nifty disappear..
@fire
thanks. read it. what i understand is 5278 must taken out for reversal confirmation. right? wait for 2.30pm when short sellers will come and cover shorts.
Closing above the Pivot(5290) would be the next step. However, it is likely to close well above the coming week's pivot(5229).
Closing above 5318-WEma would make it super bullish.
I suggest you to look for a close above DHEma for now.
@Ilango....many thanks
may be the NUYER and the seller is the same person....3512...
otherwise i dont see how that kind of trade will take place
Falling wedge:
The first confirmation of reversal is break-out of the falling line- It gapped just outside the line.
2nd conf. would be crosiing "b - d" line-(Line connecting the last two highs-5312-5278)-10.00am prices closed above it.
3rd conf. is to retrace the last fall in faster time and it retraced 5278 in quicker time.
Min. target for the falling wedge is to start of the wedge which is: 5386.
नितीन,
मी म्हणल्या प्रमाणे हा गोंधळ सगळा इलेक्ट्रोनिकचा आहे.त्या वर कुणाचाच निर्बंध नसतो.आणि हि चूक फक्त डीलरच्या "मास्टर" टर्मिनल वरूनच सध्याच्या काळात शक्य आहे.ते सुद्धा एखाद्या छोट्या ब्रोकरच्या ऑफिस मधून कारण आपले टर्मिनल हि ऑर्डर रिजेक्ट करते.त्या मुळे human error शिवाय याला दुसरे नाव नाही...नि काही सुधारणा पण नाही... साधारण २-३ वर्षा पूर्वी म्हणे अमेरिकत चुकून एका मोठ्या फर्म कडून त्यांच्या गुंतवणुकीचा ट्रिगर म्हणे कुणाच्या कडून चुकून दाबला गेला नि बघता बघता डाउ जोन्स १०००-१५०० point पडला होता...हे होतंच राहणार असे दिसते...
Sir,
i got an answer of my question.
Hitendra said...
Good morning sir,
What will be logical high lvl for April,
if close above 5241/5250 today.
Hitendra said...
LOOKS 200 DMA IS HOLD.
BOUNCE BACK FROM TMRW.
5278 5136 142 5170 5190 5207 5224 5241 5250
March 29, 2012 3:24 PM
March 30, 2012 10:31 AM
V strong upmove on a Friday !
Possible resistances @ Prev Support Zone (5343) & WkHEMA 5379
@shriram
5340 is also week jnsar
धन्यवाद MYNAC Sir! :)
आपले नशीब चांगले म्हणायचे निफ्टी १००० - १५००० खाली पडली नाही ते!! :)
Possibility of fuel hike on weekend?
New Post Done.
"5260-5278 looks like a rising wedge in intraday chart. It could also be read as running correction."
"Min. target for the falling wedge is to start of the wedge which is: 5386."
Master is really making the bulls glad. I love the "running correction" part most. :D
Its being pleasure to visit your blog , keep updating ,keep doing great job , i am reaady to read more.
Thanks and regards.
equity tips
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