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...
53 comments:
NIfty got resisted at 4956 levels. This is the same level
which it resisted earlier & fell to 4808. Now, average price
dipped below 4950 spot. I am thinking of going long with
4935 as spot.
@Master: For an intraday player who goes long at 4950 what
should be the SL? 4935 or 4918 (last WLema?)
gm friends
@Ilango
1. NS resisted at double top of 4955-4960
Could we then "sell on rises" to new settlement lows????
@indus
wait for weakness below today open ;)
too many knocks have been made on wall of 4956..
may have made it fragile
now may come last knock which 4956 may not hold
@ Indus,
Presently, it would be an "Intraday sell @ DHEma +10 to 20 points with a SL @ 4960 or of your choice".
How low it could go, it is not known to anyone.
@Ilango....thank you:):
Namaste Ilango Sir and JN Family
Camarilla Intraday Follow Up:
Sorry couldn't update in time due to my Job.
Trendline break@10.17am (line chart)
Trade1: H3 BUY@4946 with 20pts SL/SAR triggered.
Don't chase the missed entry. Wait for next
Opportunity.
*Personal Decision Advised.
Good Morning..................
Camarilla Intraday Follow Up:
Those who missed wait for the next opportunity
H3 SELL 4933.
now IT index may participate in taking nifty to higher levels
though there is some upmove in Nifty yet NF is at a discount
Master,
NF is still in discount though Nifty spot> 5DEMA,5DHEMA
What does it mean?
day J10 sar has crossed the day JNSAR uper channel
which is bull constellation.
we have to wait for the EOD
@ Shradha Saburi
What is JNSAR uper channel?
Please could you tell me.
Morning Illango ji & JN Family,
Nifty @ decider zone, either side high profit set up can emerge by 12:00 noon!
Bulls > 4993
Bears < if resisted @ 4963 (confirmation on break of 34EMA @ 4910)
cheers
Camarilla Intraday Follow Up:
Reached only 19.xx pts from entry Part Booking
& trailing only above 20-30pts. But now Trendline
Broken. Those who are Low Risk takers better put
SL@Breakeven or Part book 15pts. Personal Decision
Advised.
Illango sir
Nifty under 4 th wave
A 4788 to 4957
B 4947 to 4808
C = A means 4974-75 range if Crossed 4974 , nifty move to 1.618% ?
Remember 5217, Jan High.
PT - shhhhhhhhh.. out with cost price in the morning .. but loaded my "pistol" now 52,49,43 will decide the fate or again grinding move.. definitely trading abv 57 is not good for us :( :P bettr to trade below is OK
DKG - y so much distance nearby is 20sma/200sma + hawala
if somebody break the "weekly hammer" with a hammer???
@ yash and Dhan
Day JNSAR channel is calculated on the high of
day candles.It is obseved by the past charts when
J10 sar crosses it ,nifty comes in trending from
the sideways mode.EOD is confirming that.
this study is under test.
regards!
some points are
200 sma and 50 sma bullish crossover already there.
MACD positive crossover given.
monthly trendline given support.
JNSAR UP
closing above 4977 will be strong bullish with is 0.382% fibo level.
@Sujatha
Expiry days so trying every resistance with
shorts
@PT/Sujatha
The bulls will party today...US markets closed!!!
Our time will come...INdia GDP numbers on expiry day
sir & Seniors... i want to see the CE & PE contracts for the month of
JUNE plz help
@Indus
Where is the short covering that was expected
on break of the resistance ????
@PT
Our mantra..."Sell on Rises"
GM Everybody...
Amol - don't squeeze "Onion" in my eyes :( :(
PT - your reason also valid + now the situation is to remember - the below
However, if Nifty does not fall below 4805, then it could face resistances around either 4955-75 or 4990-5040 zone from where another round of supply is
likely, supported by OI dataMay 24, 2012 9:46 AM - BY SIR
HI GOOD MORNING...
MYNAC VERY GOOD MORNING...
HI SHRIRAM....
sanz - y u r swinging "like bat"??? :) :)
Indus -huh..one more JN-mate with us :) 4980 is my EOD SL but itching is v may start fall frm noon session??
GM Mynac :)
AAAj to majjjaaaa aaaa gayaaaaa
baba aapki dua har bull ko aur bear ko salamat rakhe..
PT - just few more points to break downside will it??? by the way
don't try to overdo..keep your limits..not an advise :P hehe @ beginning burnt my fingers badly :D
Where is the panic selling which is awaited since 4830, when INR was bleeding at 56.30??
HI POWER TRADE...GA
@Sujatha
My trade is a postional short...so closure above 5050
only will be the SL
MYNAC I DONT KNOW HINDI ....SORRY
Dear PT,
Want and expecting expiry above 4920 for better future results
WHAT RESULT...
baba,
Need your blessings....Bulls & bears are urging...
HI PRABHAKAR...
WHAT IS THE MEANING OF BULLS AND BEARS...
@KumarSir,
Thats a Valid Point
@sujatha
Ayega ayega ayega :)
@Mynac,
Me mar jaunga to position hai ek baar niche lao plz
New Post Done.
HI IILANGO GOOD AFTERNOON...
Dear Mynacji,
आप श्रद्धा और सबुरी रखो
regads!
HI SHRADHA...GA
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