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...
67 comments:
Why nifty is holding
me holding na?? lolz once again 30/42 welcoming????
possible FLAT in play, vide sub-frac "c"
a 4805 4852 47
b 4852 4810 -42 -89%
c 4810 4857 47
ohhhhhhhhh hahhhhhh PT - lovelyyyyyyyyyyy
Camarilla Intraday Follow Up:
Trade2 - L3@4831[BUY] triggered
with stop of 20pts.
Dear PT,
due to slightly nearby oversold Hrly condition, and Weekly oversold condition is hope for Bulls here so not expecting too much “immediate down side” from here, on the contrary it will be better for a trader if it shall resume again it’s upward journey towards…4845-4860-4875..
Is todays case a Bull case ... Nifty not falling
@Mynac
thanks a Lot
Sujatha madam , now pls a move till HHEMA
4875-4857
Thanks
PT - OKKKKK.. bye... i am with empty hand let ussee 2morow
no more confusion
@parmindarji,
Aamin.................
Dear Sujatha,
Now your 5 min 34 ema is key for rest of the day…if ..it will trade above it then the upward targets are achievable… and if not then …. ?????
Means, do or die situation for bulls.. but (just for the day "
@Mynac
Just for today Means ... tomorrow bears day ??
"4830" has been "intraday pivotal point".
Dear PT,
Trading below 4845 favors you..today or tomorrow…etc. nevertheless ,the way 4800 PE writing is there Buyers may try their level best to give a close above it, though the trend does not favor them.. because it’s their duty… to save their skin…
@PT
Why tomorrow...today is also a bear day...we are down
0.7%.......chillax
4822 not sustaining too
@ Master
Your advise to carry shorts yesterday was superb.
May I request you for your view today ?
slight confusion in the developing Ew lables as i see
we may be in 2nd corrective of a DZZ,
w 4804 4854 50
X 4854 4810 -44 -88%
Y.a 4810 4840 30
Y.b 4840 4818 -22 -73%
Y.c 4818 4848 30 100%
Again , not strictly within Fibbo guidelines for connector X :-(
But, lets c
निलेश,श्रीराम,
हे म्हणजे अस नाटक होऊन बसलाय ना कि बुल्स ची अवस्था "आता शेंडी तुटो वा पारंबी तुटो.. :) च्या मारी लोंबकळणे तर भाग आहे :)
@Manish
Even i need Sirs comments now as inspite of all bearishness
we havenot been able to go deep down
Just an hr. ago O.I. for 4900 CE was 52,45000 and now when Nifty has come up to 4830 …sudden rise is there of almost 2.50 lac O.i. is there… it looks,someone is buying it here…
Pt sir, for bears todays low hourly candle looks like a
Hammer
mynac,
mhanun tar mee sakali vicharale hote...
bail pola kadhi asto ?? ;-)
Parminder
So a bullish Sign
@ Manish, PT,
Hour TA is oversold.
Another low would complete the (5)th wave of 3.
Holding (Aggressive)shorts till a close above DLEma.
Conservative shorts remain till a move past 4875.
@mynac, shriram
Kadachit bail pola udyapasun suru hoil ase watate.
श्रीराम,
माझ्या माहिती प्रमाणे खरा पोळा यंदा १७ ऑगस्ट ला आहे..आता इथे बघू :)
निलेश,
खर खर नि स...पष्ट बोलायचे तर तो कधी हि सुरु झाला तरी त्यात फार दम नसणार आहे..अपील मे विश्वास कम और उत्साह ज्यादा होगा ऐसी बात हैं !
@nilesh,
"Kadachit bail pola udyapasun suru hoil ase watate."
ase naka bolu ho, ajun bailana khup polayache ahe
M/R Ilango.
Good afternoon,
is this a right time to ent..for long term invesment
or i should wait till 4600
awaiting for your reply
sonali jain
hahahha...mynac,
to paryant nifty ne sub 45K dakhavun dyaave, mhanje kase
bottom fishing karaychi soy karun thevto ;-)
Atta "bottom fishing" la marathi madhe kase lihayche ? :-DD
मुळात ५२२० चा ठेऊन दिलेला दणकाच असा आहे कि त्यात बुल्स चे कंबरडे पार मोडून गेलंय
The only thing that moves up and gets appreciated by "PT" ji is USD/INR :D
तळा गाळात जाऊन शोधाशोध करून "रत्ने" बाहेर काढणार
again a day for brokers. too many whipsaws
@mynac,
बैल एकदा उधळला कि मग समजेल. फक्त एकदा उदाळू दे बस
@AJ Ji
Market is not falling but :(
LOL... thank God, TA literature is in english ;-)
@mynacji,
BHEL, PNB, BANK OF BARODA हि घ्या रत्ने
@ sonali jain,
A long term investor could buy 25% at 4750-4800 Nifty zone-stocks of high calibre.
If 4750-4720, breaks, the next opportunity would emerge to take the next lot.
If Nifty rallies strongly near to Diwali, a part booking or full exit opportunity.
@PT
Sentiment and confidence is falling.
"Falling" in love with "falling" markets? :D
@AJ Ji
Today is Kolaveri D :):D
That is a triangle. A continuation pattern. Can we see a gap down to morrow.
Ilango Sir can you confirm.
Thanks and regards,
LV
@PT
Chak de "PUT" hai!
Dear PT,
कभी कभी पेड़ गिनने के बजाय,फल खाना भी सेहत के लिए अच्छा रहता है ! थोडा रुको यार... इतनी भी जल्दी किस काम की ? थोडा ठंडा करके खाओ...गिरेगा ... कोई जल्दी नहीं... बिच बिच में पुलबॅक डे ट्रेडर के लिए भी अच्छा होता है ! :)
@Mynac
Your 4830 Still Protected :)
A symmetrical triangle in 5mnts Nifty chart
Thanks a lot sir,
I have lost lots of money in nifty and call / put
without proper know.
now i m sure i got good platform to invest or buy
in proper manner
regards,
sj
sir - What stocks would you recommend at the current price for that 25% investment?
@AJ Jee @Mynac
Sahi kaha PUT hain isiliye Gussa :)ke Fal Gire aur mein khaun :)
@Ilango Sir,
Closing Session Remarks
@ mynac / LV:
agree with both ur obsvs , salut` :-)
Camarilla Intraday Follow Up:
Trade2 - Till Now 7+pts.
9 More minutes for Market Close.
Personal Decision advised.
Don't Hold Intraday Position after
Market.
Friends See You tomorrow.
Bye.
Dear PT,
Because it was last hope for the day... Final closing below the same would had been too much clear cut indication of Bulls inability… and how they will declare it? Means though they are pushed back yet they are and want to remain in the bottom saving game…
Keep calculating the 61.8% & 80% retrace of the last fall from 4956 high.
Presently this fall is: 4956 to 4805
And
61.8% @4898
80.0% @4926.
Above 4898, aggressive Long.
Above 4926, Conservative Longs.
Another low is pending as per EW...
Some news abt Mulayam joining UPA govt ...rumor only..:):)
ok, am off as well guys !
Lets hope Vishy wins vs Gelfand. MI vs CSK will be good fun too ;-)
cheers
@ Ilango Sir
I know you wouldn't answer that question during market hours. Understandable.
Love you sir.
LV
@Mynac
Just wanted more half hour :)
@Ilango Sir
Let it get over at tomorrow gap down
sir plss tell me...... if i calculated any stock sar level..
how i calculated..plss tell sir....
Dear PT,
"Just wanted more half hour :)
Matlab
abhi na jao chod ke..ye dil abhi bhara nahi...:)
Bubye Every one, EE done :-)
As of now with Europe down by more than 1.80% and USDINR
* 56.09 inspite of 12000 crore of RBI purchase it seems
the final wave is pending as boss has confirmed.
US futures are down n tomorrow one can expect the Gap Down.
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