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...
92 comments:
Reposting:
Re calib @ 12:00
5-10HrEMA Bull x-over in place , & close > HrHEMA
But price close < 34EMA,30mins
lets wait for 1 more hr :-)
Rainmaker
i think cos of 21Hrsma
I beleive 5032 is 21 hrs SMA as shown on chart and nothing to do with C wave.
pl confirm.
@ Waquar,
If wave "b" is a triangle, it would consume more time. It is a possibility to be considered.
@ BVREDDY,
I find the TT is already full of numbers and have consciously omitted it but its available in the "JustNifty TA" file.
thnks cooldent
initially I got confused,
we crossed (:
@ RainMaker,
Besides 5032 being 21 hr sma, it is also a point above which the recent intraday fall from "5036-5021" would gain strength.
One could keep that as 5035 too.
Rainmaker
5032 NS Not yet crossed
ilango, NS at 5030 - a touch of 5010NS likely as u mentioned earlier
safe scalp (short) of 20 pts?
Thnks Ilango sir,
That's amply clear now.
You are going in the minutest of the details, hats off to you.
@sujatha
Bank nifty my TGT is 9620,there it will decide whether
nifty headed for 5100 or not...
Bank nifty maintaining better up momentum than nifty,
as per my analysis...
let it fall to 9500 for a rise towards 9600...
cooldent
*crossed
not 5032
but our view about it being 21 hrs sma (:
@ Janak,
These are EW possibilities in 2-min T/F and only individuals who are proficient in them should attempt as there won't be much follow up time.
Suffice to say that for the "4957 to 5038" rise, a correction is on and is called "b" wave and they are trickier but full of scalping points.
5035 is alos CAM H5....
What is your opinion Julius?
Sir/DR-ji/Kumar sir - i was telling i donno abt downside beow 9360 BN now i arrived 9025 :P :( if downtrend start again
Anil - 100% agree with you 9550 is pakka hurdle and 603/04 has to taken out i believe for short term +ve ness. Anything may happen "here only" 10 out of 8 cases May is danger :( let us see whether history repeats or slaps the historians.
Illango ji,
This "b" if goes above 5037.9 will make the ABC an xpanded flat
else ,
if it u-turns from before 5037 , wud be a FLAT & close somewhere near 5012
Can it pay to sell the 5100 CE here ??
@ shriram,
Corrections are complex to read cos' of innumerable formations. If the current one is an irregular one, it could go back to 5000-5015 before another rise.
ilango thnx - got ur point
@ shriram,
wrt selling calls, it is definitely the right thing to do in downtrend & especially in the start of mid month.
Tks illango ji,
5012 zone looks like a support now on 30min Candles bodies
Remember .. the bounce was on the news of greece bailout
and Bears at europe open have used to it to short the swing
intraday high ..
@ Janak,
what I thought of as a simple "flat correction", it changed to an "irregular flat" by making a new high and falling.
An irregular correction is bullish, provided Nifty holds 5000-15 zone.
very near for break time
up or down???
unwinding in 5200,5300 and 5400pe when nifty is
holding abv 5010
is it caution for bulls??
PT - cut cut cutttttttttt
@Sujatha
BN already given 50 points :)
ns > 5022 can touch 5045/5080 and then
above that 5115
Sujatha said...
PT - cut cut cutttttttttt
is msg to cut shorts?
Sis and her codes :D
4750 could be seen before any significant upsides.
Premium Gayab.
5-10Hr EMA Bull x-over in place.. but 34EMA, 30mins not in agreement:-(
Jaane do..
time for sapaad , cu guys @ 14:00 :-)
@DKG
Bahut kuch gayab hoga ab :)
SIR,
in the above chart your arrow marks are positive
divergence.in the highly oversold area. is it not?
Unable to Close above 21 Hr SMA since morning.
ilango, touch to 5010 arrived :-) I was on the bus from
5035 - thnx. Your levels DO COME. period. :-)
Banknifty leading fall.
@Ilango Sir,
Looks like the irregular correction ended at 5010 ???
am it right ??
PT, surely wants 5 to be gayab in front of nifty
right
DKG Correct. That is clearly visible on charts
DR - ji - senior's first - you tell me pls. whether my BN target is right i posted to you sir and Kumar sir
Cooldent - Lolz :)
STB - change your ID to "only bears" till 4750 :D
Camarilla Intraday Update/Follow Up:
Scenario 2
H4@5008 (BUY Above - Valid Only if made new HL in chart)
H3@4991 (SELL Below)
PT - irregular correction ended at 5010 ??? what does it mean?? again upmove possible????
Break 9360 in BN nd enjoyyyyyyy nifty not @ one go
Besides 21hr SMA resistance broken yesterdays highs also.
Now next support yesterdays close. Lets see.
@Parminder
really i too dont like to see 5 ... 4--- will do :)
Sis
Nifty will become O
as on 21 Dec 2012 (End of the world)
so better short it in truck loads
@Sujatha
No ... What i meant to say that at 5010 .. Sir told to buy
now NS is trading below 5010 so again shorts for steeper fall
4989 and below ... its havoc now
@ Julius Sir,
What is HL?
Regards
@Sujatha
Me also confused .. not that much conversant with
WAVES .. So have asked master
Suj sis before 4750 there will be some good long scalps
too :) but doubtful if there will be any big relief
rallies unless something good comes out of parliament.
Though the irregular correction was expected to bottom around 5000-15, weakness gets confirmed below 4990.
Thanks a Lot Ilango Sir :)
Aggressive Traders Can take 20 Pts Risk from H4.
Only Risk Takers.
Now some blood on the dice please :)
Sell in May and Go Away??
http://www.marketoracle.co.uk/Article34414.html
PT/STB - thanks. got master's answer too :)
DR-ji - lolz :) ashtu bega kaliyuga hogodhilla sir :P Eshto akkaramagalu nadibekkagithe :(
OK..apart from this if 9025 comes send me "one pack of sweet pocket" which is famous @ ur end or else i will eat "bitterguard" :(
@Mr.Justvinay,
HL - Higher Low in Smaller Time frame
addition of 5.5 lakhs O.I in 5000pe and abv 70lakhs O.I
may not break 4980-5000 range easily
Camarilla Intraday Update/Follow Up:
Aggressive Traders Can take 20 Pts
Risk(Stop & Reverse) from H4@5008.
Only Risk Takers.
Camarilla Intraday Update/Follow Up:
H3@4991 SELL Triggered
Go Went Gone !!
4990
Ilango ji,
How do we interpret this move ?
9360 BN - AK 47 - dishyummmmmmmm
Yesterdays close also broken. Now for yesterdays low.
Camarilla Intraday Update/Follow Up:
Waited for H4@5008 aggressive entry not triggered.
H3@4991 triggered.
26+ Points Down.
@ Waquar,
This is the deep cut of waves sub-dividing.
Nifty did a retracement for 5125 to 4957 fall and has resumed the fall again.
Sir - part booking advise please tks n advance
@ Julius Sir,
Thanks Sir,
https://twitter.com/#!/aarveethirdeye/status/200497707947786240/photo/1
NF 15 min chart is showing falling wedge. potentially
bullish formation
Booked out... any bounce????
gap up open filled and as europe moves our
market fall. no technical worked.
The Trailer has to end ... Muje picture dekhna hai ab
PT,
App ko picture kal dikaye ge.
GKM223
In downtrend .. positivve global cues are used to short
Said by master
@ Master
Do we expect more lows bellow 4951 ?
kindly guide possible low foe short created break of 4990
Futures discount showing .. now the big brothers are agressive
shorting the index futures too
@ gkm223,
Only technicals work...Nothing else.
Till you don't believe in it, you'll always be on a "world tour".
1.00PM closed below HHEma was the first technical weakness.
Then the break below LEmas of day & Hour.
Which technical you follow that did not work...?
DKG
bhul na Jana :)
BAck..
Illango ji:
Another Alt lable , We may hv done an Xpanded ABC from 4964 as
A 4964 5016 52
B 5016 4957 -59 -113.5%
C 4957 5039 82 157.7%
Possible sir ??
urs
tomm IIP data
expected 1.14%
@ Shriram,
That is precisely what I have labelled for 2.00PM Post.
Enough today I guess :) Yesterdays low holding.
KING OF SHORT SELLS AWARDS goes to POWERTRDE Sir.
@POWERTRADE SIR,
If possible,if you can gives hints of some short sell
trading strategy with SLO for I-D & POSITIONAL,
I think it will be beneficial to all blog mates.
Please do not give levles.
Now the break of 4950 .. that is all wanted to conques the fort
of 4900 put writers
Illango ji,
This move down is the next Impulsive sub frac from 5039, tats wot i mean :-)
Aaah... dint read it.. fantastic sir :-)
PT might hold today. Lets see.
Keep something for tomorrow.
@Harish Jee
Thanks a Lot and please no sir .. and regards strategy
this blog is my Geeta ... :)Still i will try my best Now
and please no Sir ..I am very small
sometimesbullsometimesbear
I dont think so .. May be 4922 is what i am expecting
New Post Done.
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