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...
63 comments:
So now watch 5002 for bear trade
PT/INDUS - my ema break happened it has to sustain now may be 4999 and back or more??
@Sujatha
Maybe false break...looks like index is going to move higher
sir chart is still not opening in full view.
@Sujatha Ma'm: Just want expiry to be above 5050 so that we can aim for 5630 in June.
Am I asking more? :) As of now, I am holding some June 5400 calls which is available for cheap price (low risk high return strategy - it also serves as a hedge against the shorts "if I take" in june)
@Kumar Sir: Your view on my strategy?
Indus - no first it breakes my ema so something is coming atleast for today to my pocket
aagaya 4999
illango ji,
possible expanded Flat C in play ?
a 5010 4983 27
b 4983 5020 -37 -137.0%
C can do ...
c 5020 4976.314 43.686 161.8% ??
No chance for bears till 4920 holding, even 4975-50 zone will attract a lot of buyers. Positional bulls under the strong protection of JNSAR so no fear to bulls. 4800-4900 conquered by bulls on thursday-friday, 5000 conqured on monday-tuesday, now next turn is 5100-5200 so lets see what happens in next 2 days...fingers crossed:)
@ shriram,
The "c" from 5020 has 5-sub waves already unless sub-divides.
@Ilango,
Master, since 1:00 T.T. UPDATE the T.T. chart has been
uploaded in such a format, that while clicking on them,
the background is coming grey and the T.T. table can't
be zoomed in, out for better viewing.
I checked with computer, android, iphone...same problem
with any device. Request you to upload the same way
as earlier.
regards
discipline
probability of fast rise setup may emerge in nifty
@ discipline focus,
Without me changing any settings, it has changed to the current way, probably due to "blogger experimentation".
I did change the settings inbetween as per Mr.Sunil Saranjame's suggestion. But now the setting is as before.
Let us wait & see whether it changes back.
Sir,
Resting on the channel again.Likely to break this time?
On 7th May Nifty gapped down @ 5019.65. Current supply is in that zone.
It needs to stabilise.
Tks illango ji
took channel support in NF 5 min chart
http://oi48.tinypic.com/15j813.jpg
dukh bhare din beete re bhaiya ab sukh aayo re
All - pls. cooperate to "bears" just for 1/2 hr??? is it possible kumar sir??
bulls plz dont repeat yday
Doji formation in supply zone likely by EOD today.
Bulls need to take care.
bank nifty is wid us bears
yday it was not wid us
Dear Sujatha!
Anything possible now bcoz Prabhat is long, God listen him closely but prices not showing any cool off & not supporting any -ve divergence so i am ready to buy in dip if comes:)
more than 13lakh addition in 5000pe
in morning 4800 pe added more than 20lakhs but now its just 13 lakhs
@Sujata sis,
Pahale bulls ko thoda 5035-65 dikhao. Then all is yours.
may be expiry comes near master tgt @5040-70
illango ji,
are u seeing 5018-5004-5020-4994 as a expanded flat?
Kumar sir - :) :)he's god's pet ..me and my brokerearned 50-50 :( :( this EMA is very much troubling the bears taking support and killing me if i closed my system and position "then mkt will react fast as usual... buddhu, buddhu bulls :)
sushil - take it boss upto 5125 :) no probs but give giant size leapppppppp. u all can expect big move now as "i am going to shut down my sytem " :D :D
Prabhat - No OMG for sometime from my side so enjoy with GOD
roller coaster!
Looks like a Doji in BN and NIFTY.
wish to see a rocket move in nifty
choti si aasha
good afternoon! Intution says,"nifty may look back for a while, 1day? 2 days? But no logic in this.." Pl do not act against the current with my words"
Illango ji,
4994-5011 looks like a DZZ ...
C to 4976 may be ON now ?
Diwali Dulhania Lejayenga
http://www.youtube.com/watch?v=O6boHsY1Rjc
Dear PT,
Is it again entering in your territory ? ? ?
finally red! Phew!
recalib the expanded ABC count for "stretched " C wave
a 5010 4983 27
b 4983 5020 -37 -137.0%
c 5020 4966 54 200.0%
c should end some where in range 4976 -4966
Max C can do : 2.618xA = 4949
(34EMA,30mins support @ 4969 & 30mins candle support @ 4955)
Modest 3 lac deletion in 5000 PE..
Taking nifty long at my home for tomorrow gapup opening
closing might be 4996.5
Prithvi
no fresh long @ this juncture
only JNSAR long can be carried
Could be the second candle of 'Evening Star'. To be confirmed by to morrow's price behavior. Beware bulls.
Dear Prithvi,
No doubt... you may...
Dear PT have you just looked 5000 PE window ?
There was huge 1.50 lac Buyer was standing fearlessly @ 40..& thereafter
it came up to again 4984....
No red anyhow, closing avg near 4995 so its in gain of 10 points & again closing above 20 DMA:)
Camarilla Intraday Follow Up:
Time 03.27pm. Trade 1: H3 SELL@5003 closed 20pts
Profit.
closing average coming at 4993
ok bye!!!!
Almost 5 lac Short covering seen even @ 4900 PE though it's far away...
Probably,it would be hedging...
it is grave stone DOJI?
NR7 DAY UNFOLDS
yes DR sir,
JNSar taking home
ameeen Mynac
From 02/05
CAMARILLA gave 371 Points Profit.
H..mmm.. Means you were watching too closely :) Dear PT.. :)
Nifty above 34 EMA on 30 min chart.
But it is nothing fearful from expiry point of view...
At present it must be taken "routine profit booking for the
day "..the real drama shall be there if it shall not sustain
above DHEMA.. At present it is well settled above DHEMA..
So again Now-a-days routine thrill is expected tomorrow..
Mkt closed at 4990. The price of
5100 CE 2.15 / 2.30
4900 PE 8.50 / 8.70
If any body can explain the above it will help me to improve my understanding.
a- C = 4913 - 5020 = 107
b- C = 5020 - 4982 = 38 ( 36% of raise of 107 )
c- C = 4982 is progressing towards 5100.
For short term the bias seems to be positive. For medium
term positivity it should go above 5200. Current upmove
can be the X wave and once completed 1 more downmove can
start. Max tgt of this up move can be till 5100 to 5140.
Bulls have to be cautious on the strength of the current
trend.
Again a NR7 Day!
@Kumar Sir: Why I think nifty may be in greener pastures during June?
1. Greece exit will be a very costly one. So European Union will not let go of Greece so easily since they do not want to write off of the loans.
2. Mkts have been down for both April & May. So i feel there will be a some period of bullishness.
3. Rupee will try to appreciate & try to stay above 55 levels is what I expect.
4. Many stocks in NSE50 are close or bouncing from their support levels. So I believe a rally will be supported by equities.
5. I feel we may seen bottom at 4780 unless we see Greece exit.
6. I am hoping that June tgt is 5350. For me, the confirmation of a strong bullish signal is close above 5125.
The above are my pure personal views & which might be hopelessly wrong also.
Apart from the Market:
Just finished reading "THE MAGIC" by Rhonda Byrne.
Excellent book. Life time good collection after
"THE SECRET" & "THE POWER" by the same author.
*//Those who have chance to Read these Books is
a Blessed Soul!//*
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