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....
-
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...
34 comments:
Ashish Agarwal
Thanks a lot :)
Camarilla Intraday Follow Up:
Normal Traders : Waiting for Trade 1.
Aggressive/High Risk traders can SHORT
L4 @4969 with SAR of 20pts or L3 as SL.
Spain-German 10 year bond yield widens to record 517bps: Spain 6.52% Germany 1.35%
Fall to be heavy now
Nifty enough is enough
http://www.youtube.com/watch?v=3-1imP-uDZE
The fall from 5020 to 4945.7 was a 3-wave structure.(a wave of a flat or a triangle)
The current rise is the "untradeable b" wave which is doing the retracing a corrective fall.
Whenever the corrective rise ends, the next fall would complete the "Correction".
As of now, I see it as a "Corrective" only. And my earlier observations holds good.
possible waves on sub-minuette:
a 4946 4971 25 (chotta "a.c" played out as ED)
b 4971 4954 -17 -68.0%
If 4954 holds, can get a c wave UP..
c 4954 4979 25 100.0%
Cmax =1.618xA = 4994 as per fibbo guidelines
But i m not a big fan of their validity so ;-)
cu guys after lunch...
cheers,
BN getting ready for nose dive of 200 Points
@ shriram sir
Enjoy the puri
cheers
My condition
http://fc05.deviantart.net/fs70/f/2011/362/d/1/requested_confused_bear_by_ilovenoodlez-d4kj42u.png
Camarilla Intraday Follow Up:
Aggressive Trader in 20pts Profit.
Normal Traders : No Valid Entry till Now.
Waiting for Trade 1.
@ashish
kaabiliyat pe bhrosa
May ur happiness increase like petrol price, ...may ur sorrow fall like indian rupee... and may joy fill ur heart like corruption in india...!! :
Gud afternoon.....
@Shriram,
Looks like a fast rise setup will emerge in 30mins chart,
Any comments ?
Regards
Good afternoon master and all JN friends
Hope you had a Great session so far.
Tata steel,SBI,Reliance all trading weak as of now.
The fall should continue to 4940-15 levels.
SJkolkata
God bless you!!
@Ashish Agarwal
Yesterday was NR7 day. Today also till now it is same. Hope to see breakdown in last hour.
cooldent - ok ok just 72 level crossing 80 - story is different
USDINR inching up 56.47 high for the day 56.54.
Crossing above the day's high will bring Nifty down.
Manish - v r looking for weakness..but market not breaking becoz of Kumar sir :) Nifty @ Grinder = hell
Maruti up from low of 1110 to now 1152.
1152 is the JNSAR for Maruti.
Tata steel also infact trading above JNSAR 403.28.
@Ilango sir,
Is this the same corrective bounce ??
Cooldent - bonus 4 points sustaining here is 999
despite good results, Tata Motors is beaten down
Dear Sujatha!
Nothing like that, operators want to eat 4900 puts & 5000 calls both so expiry brkout chances dimnishing. Lets hope for the best & be ready for worst, i am still hoping 5050-5100 but now that may be on friday:)
Kumar sir
ready to wait for friday also as no position in may :)
JANSAR 10 TRIGERED
the bounce is stronger than the correction,it seems to me upward journey to continue..
Sis this is for you
http://farm5.staticflickr.com/4037/4653882598_d3fb8f4a4a_z.jpg
New Post Done.
back from sapaad :-)
@sjkolkatta : Nifty seems to be doing a DZZ again !!!
Need to sustain > 4968 on 1 more half hrly candle, & take out 30mins RES @ 4987
Upside beyond these levels are possible
The Big Brothers have made our markets hell :(
They rule as per theiir wish
Camarilla Intraday Follow Up:
Scenario 3
Trade1: L3 BUY@4980 with 20pts SL/SAR(4960).
Personal Decision Advised.
Will the Gap filled now ?
The fight is interesting not supported by BN.
Kumar sir.
Agree with you.
Let's also eat what FIIs want us to eat.
Post a Comment