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...
61 comments:
Nifty not going up sien PT & Sujatha Ma'm chasing it away.
Not fair, please allow this ant to have its sugar cube today..
good fight
high 4915
Day J10 sar and day JNSAR upper channel
double effect.
@ Prithvi,
Wish you a very Happy Anniversary.
Thank you master and blog mates for wishes.
Excited to see so many wonderful people wishing me.
@ master
What a surprise on my b’day morning..Thanks for making this b’day so memorable. Wow! A post in JN with my name..Could I ask for a better gift?.
Hrly closed below DHema and 10:00 candle open and high values are same
Camarilla Intraday Follow Up:
Nifty Spot - Scenario 1 - CMP@4901
H3 4949[SELL]
L3 4893[BUY]
DR Sir,
Aj muje mushkil lag raha hain ki niche ayega ki nahin
:) BN bahut strong hain
** 10:00 read as 10:05
Namaste ilango sir and friends,
Let me share one good news …one of the students who has been assisted for tuition fees and books from the funds of subscription has scored 87% in the class XII of Gujarat Secondary and Higher Secondary Education Board (GSHSEB) examination
His father is the sole bread earner of the family. He is working in a small transport company. The family of 4 members is living in only one room, having not any separate study room. It is in fact a very inspiring results for us…......
”Facilities do not fetch high percentage, hard work does……… Due to the constant disturbance in house, studying in the compound at night was the only option. I knew my limitations but I wanted to make my parents proud and most importantly I wanted to prove myself,” are the words of this student....really ....really very much proud for such learning students.....
@ Prithvi,
Wish you a very Happy Anniversary.
May God Bless you.
@Mr.Bhaswanth Chava,
Wish you a Happy Birthday.
May God Bless you.
Dear Bhaswanth Chava!
Many many happy returns of the day, Happy Birthday to you & good wishes too.
Dear Prithvi!
Wishing you a very happy Wedding Anniversary, God bless & take care. One advise, do not trade today on sitting at system. Pass your time with your life partner & make feel her that she is everything for you, give her some pleasant surprises:)
very few like you Goureshji. ALL the best in your
efforts..
@PT
himmat nahi harana!
regards!
@Gauresh bhai
Hats off to you :)
nifty came for testing channel support.
nifty is grasping the day JNSAR.
Is jnsar short trade triggered or wait for 8-10 points more to confirm it.
Remainder for JNSAR Traders.
Ilango said...
4872-81 with 4865 as SL for JNSAR.
May 25, 2012 9:14 AM
corec:
Buy at 4872-81 with 4865 as SL for JNSAR.
4800 put writers as showing signs of covering ??
@ALL
Has anyone used the free charting tool from "Tradingview" in Google Chrome for NSE stocks? If so pl help me how to go about it.
Thanks in advance.
Badri
@Mr.Gauresh,
You are doing a great job Sir.
You are showing a moral path.
"Give, and it shall be given to you;
good measure, pressed down, and shaken
together, and running over, shall men
give into your bosom. For with the same
measure that you mete with it shall be
measured to you again". -Bible
"If you give alms openly, it is well, and
if you hide it and give it to the poor, it
is better for you". - Quran
"A gift is pure when it is given from the
heart to the right person at the right time
and at the right place, and when we expect
nothing in return" -Bhagavad Gita
May GOD Bless You.
Not sure, maybe same like yesterday, nifty might show movement in the afternoon session.
Dungar
Jnsar will trigger short only at 4889-20=4869
@sujatha
where r u...levels plz...
Ilango said...
@ jagan,
4872-81 with 4865 as SL for JNSAR.
May 25, 2012 9:14 AM
Kumar sir ,
Good morning
regards
☺
Any significance of 4890 low of last one hour yesterday
where spike came?
Camarilla Intraday Follow Up:
Trade1 - L3 BUY Triggered.
@Anilji,
POWERTRADE said...
Sujatha's Message
"Regarding Nifty futures - 4927/38/55/76 is the short term
possibility even upto 5K and 5045 this is valid upto expiry below 4927 - 4900/4858/50/38
even threat to 4813
May 25, 2012 9:49 AM
5ema crosed 20ema and now 5ema is down from 20ema
@Nilesh
Thanks...i joined just now missed the msg...
Shorters – keep below 4900 SPOT NF below 4895 BN F below 360/20 sensex below 16100/56 dance with the bears as usual will grind and come. So, below 4900 is good for intra
Longers – huh..summer season :P y longing?? BNF try to keep alive 383 enjoy 448/556 sensex abv 255 spot abv 937 NF abv 4955/76/5K but y na??? let expiry be “expire” on down
Prayer – OMG most of the people cursing my “little bears” it doesn’t know anything pity :( would like to hear one big “thud”.
FROM - SUJATHA
nifty is making new and new low,
its secking our by position
Goodmorning Master and all JN friends
Wish you a fruitful session ahead.
Wishes to Baswanth and Prithvi.
Good Luck !!!
Dear Parminder!
Good Morning! sorry i missed ur msg last night, my messenger was off so i saw in morning.
Nifty has been moving up & down in small channels since its lows of 4789.
UP: 4789 to 4956
DN: 4956 to 4805
UP: 4805 to xxxx( cuurently on with channel support tested at 4889 now)
Early indication of a triangle..?
Can anybody here suggest how to download NSE end-of-day
data to FIBOTRADER ?
@ MASTER
IF IT'S A TRIANGLE THAN....
again attempt to break to day J10 sar and day JNSAR
uper channel this high is 4914
Camarilla Intraday Follow Up:
Trade1 - L3 BUY gave 21pts Up movement.
Personally I expect reversal.
Stop to Breakeven is better Now.
Personal decision advised.
@ NOBLE,
If it is Triangle, Trade the "Channels" which will give better results that any other..
Current rising channel support is around 4889 for this hour. (It rises by each hour by few points.)
@ Master
The Leading indicator saying
"Correction to continue".
Pl advise
grinding griding!!! hour indicator turn down in overbought area!
Lead indicator turning Down without touching the 80 mark
day J10 sar and Day jnsar upperchannel are equal
4915. this is become double whammy for the nifty.
nifty is consoldating to break it or will fail.
we have to wait.
There are twi rising channel lines could be drawn and their support points are 4889 & 4879 presently.
@gauresh sir ...good job sir....keep it up...
Most of the hour indicators, though in overbought zone, have not triggered down.
However, prices breaking below the rising trendlines @ 4889,4879 could give an early lead too.
Time wise, the 4789 to 4956 took 13 hrs but broken down after the 15th hour.
Current rise from 4805 has taken 14 hours till now.
Expect some decisive action in the next hour or two.
Dear Friends,
One request to all JN friends not to address me
as "Sir"....because I want to remain
a student of each and every element of this universe...
Just sharing my observation, if Nifty holds 4880 for one more hour then bulls disco dance may start again:)
Sir, nifty not able to breach today's high of 4915, so
looks difficult to take off 4950-70, in which case the
triangle could be confirmed and occuring in ? 4th wave
it can break on the downside and holding 4800 as support
after 4880 is broken.
Kumar Sir
if its this dance its of no use
http://i.saucesome.net/1BZ.gif
Dear D R Ji!
Its looking like KHISKO DANCE, not DISCO....LOL:)
@ Dinesh Rishi
Mast ,, :)
lolssss
New Post Done.
why this kolaveri di ??
Respected Illango Sir,
I have a few doubts regarding chart captioned “ Nifty-Day & 5D LEAD INDICATOR” in your TECH TABLE.
(1) What are the durations of the MA line on the chart ? Also whether SMA or EMA ?
(2) In the stochastic portion what does the blue line represent and what does the red line represent ?
(3) Are the 5D and 14D values in the TECH TABLE fast stochastic values for 5-day and 14-day i.e without taking any moving average ?
Please clarify these doubts though they sound silly for
me to ask you.
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