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...
51 comments:
hrly indicator, 9hrRSi overbough....require some cooling.......
D R Ji, aapki sewa me.....
Santa: I Need Poison!!
Chemist: I can't sell you, until you have prescription...
Santa showed his 'Weddinq Card'...
'
'
'
Chemist: Bas kar pagle, rulayega kya...Badi Bottle doon ya Choti ??
Kumar Sir
Lolzzzzzzzzzzzzzzz
Kumar Sir,
Lolzzzzzzzz
=))
ROFL :D
Kumar sir
NF intra Deleted by 3lac O.I... intra profit booking
Intra 19 lac O.I.addition @ 5200PE,giving more confidence in this up move.
Dinesh ji,
Look out Dr kumar is fast furious.He came first
sorry i was out for sometime
☺☺
@Mynac
Thanks for your OI -- but the first day of series
and so much addition cant it be a manipulative
move
How do you sit through....
Yunhi kat jaega safar saath chalne se.
http://www.youtube.com/watch?v=2Zaewr8ce7k&feature=fvst
Dear Pam!
D R ji was in hurry so i posted, it was your last evening courtesy:)
Master is also having a blast today and in full mood.
Regards
☺
DR ji,YES YOU ARE CORRECT .Being students of the MASTER,boarded the train relatively early.thank you for emphasing following the trend.bye.
This not fair, Europe is almost 2% up at opening... We opened only just with 1% up.
Dr kumar,
sab aap ke liye hai sarkar.
aakhir aap doctor ho chemist ke liye prescription to aap hi doge
Dear PT,
from that addition it looks Bulls want to play between 5310-5460 for next month,or atleast it would be their target area...nevertheless they will have to look after & will have to take care of W5D,D14D and Hrly TT file..Let us see.
P.S.
the heartening part here for sellers is VOLUME...which has taken place here for this series..
Nifty Hour and Month chart. Month chart updated with 5 Month High EMA and Resistance line: CLICK HERE
Dear San,
Thanks for your chart illustration..
Is FB down today cant access it
@DR sir..........its working fine
part booked
Weekly trend turned up @ 5068 close on 8th June.
Nifty dipped only upto 5012 and has generated a 200 points gain sofar.
Monthly trend is turning up today with a close above 5119. Keep approx. 120 points for intra month dips from today's close for monthly trend gains.
Month's fast macd is poised to move into +ve zone in July.
The above is the larger picture involving EW's "C" wave upmove. However, one should manage their positions for "intraday", "Intraweek" & "intramonth"'s volatility.
5280,5342, 5379 & 5499 are the peaks from where Nifty got sold off during its journey down from 5630 to 4770.
And they are the peaks need to be scaled to gather strength & momentum. If at any point in time, it finds difficult to break thru' one of those peaks and break down below the "rising supports"(presently 5174-85 & we'll update them), we should accept the change in reality.
Dear ILango Sir!
Once you marked 5630 as A then its retrace as B, can we take the move from 4770 as big C in higher TF. If so, then what should be the reasonable targets sir?
@DR sir,
It is working. no problem.
@ Kumar Technicals ,
The "B" retraced almost 80%(4751) of the 4531 to 5630 move which indicates underlying weakness.
Hence, we trail this upmove with caution.
For target calculations, use the price patterns in lower T/F.
Eg: 4770 to 5190 as "a";
5190 to 5042(5096) as "b";
hence, "c" could be:
0.618 of "a"=5096+(420x0.618)260=5356.
1.0 time of "a"=5096+420=5516.
There is another immediate scenario posted in the chart:
Consolidation depth as 140 points.
Break-out point @ 5190(today)
Target= B.out point+ depth of consolidation
5190+140=5330.
I generally do not wish to calculate targets as it takes away from our mind the "developing market internals" while fixing our mind on one idea.
Targets combined with technical staus may be used for "Part booking" as well as "Full booking".
Dear Ilango sir!
Hats off to you sir & thanks for such detailed reply of my query. As i understand correctly with my limited capability that Month TA turning up, also the close may be above month JNSAR today after quite some time, so unbelieveable targets can come? Am i right that insight is super bullish and positionally its buy on dips market to be trailed?
preparing for 5280 ?
@ mynac,
That is the 1st peak to be scaled..
Resting may commence between the first two peaks: 5280 & 5342 wherein lies our min target point.
sir can you give EW count from 5126
todays lunch
Punjabi curry pakoda with rice
http://farm2.static.flickr.com/1126/776465568_5b2a199b45_o.jpg
@kumarji
this can be wrong still
4770-5189 wave 1=419
5189-5094 wave 2
5094 - min 1.62 wave 1 5772, 679 points
wave 4 50% retrace wave 2 23% 5432
wave 5 5432+419=5891
Thanks Dear Ilango,
Market has always knack of surprising everyone...Till 1.30PM today,without even Hrly.running correction the way it is holding near& above Hrly pivot,is remarkable.
The initial volume trade @ 5225,more than 3.50 CR.is significant today.. After so many days later there is,that kind of big green candle appeared on the screen.
@DR sir,
My lunch today Roti and Onions hahahahahaha
Aap ka weekend mast jayega ab :) Bulls all the way
:)
Yesterday i asked DR sir whether he wants water with his Scotch, he said, "I'm thirsty, not dirty"
@DR
please send link for banknifty hourly data.
thanks.
POWERTRADE
Yes weekend celebration after long time
come join man
Thuderbolt or Golden eagle
http://blog.gettyimages.com/wp-content/uploads/2008/11/66-beer.jpg
sir is this count correct in 5min time frame
1 5126-5159
2 5159-5134
3 5134-5264
4 5264-5249
5 5249-5282(?)
anmpatel
Your tools should be sharp
get TT of Sharekhan
till than stop trading
Mkts are forever
nice lines, want to share:
" if U wait for Happy Moments, U will wait forever......
But if U start believing that U are Happy, U'll be Happy forever....!"
@DR
can u send the link or i have to subscribe?
thanks.
aah, back atlast!
Good afternoon to everyone,
CMP trading 70 pts > 5DHiEMA...(actually trading > 1Std Dev from 70 pts, so almost 95% probability that TODAYS top is made!
Tgts for this move C=A = 5350 / 5400
cheers!
master,your clear thinking is evident inspite of EUPHORIA .yet to learn that OBJECTIVE NATURE .THANK YOU.
Week R2 @ 5274
anmpatel ji
Trade Tiger is charting software
of Sharekhan
You have to open an account to get software
Software is free
@ shivanGupta,
It is better not to label such break-out price structure's sub-waves immediately.
Using the same US futures, some profit booking will be induced.
@DR Sir,
Ameen
@DRji
thanks.
Deay Piyush!
Thanx for ur counts...
New Post Done.
Post a Comment