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...
77 comments:
@Satheesh
yes i too visited on last december...indeed a great experience...yes there is a significance of taking dip in triveni sangam..the atmosphere there is so soothing...and regarding pollution yes a lot on ghats especially people made food preparation there and left the remaining there..its a sad story..else it is the pure beauty..i also visited Kashi Vishveshwar, and gaya too..gaya is also a good place...
Nifty , has to stay above 5315 for further up move. Crossing resistances 5345-5390 is major task for bulls. Resisting near 5315 & breaking supports at 5280-5250 will bring more weakness.
Supports & Resistances for today:-
5250-5380 – Support Area ( Fresh shorts below this)
5315-5345 – Resistance area.
Current Trend: - UP.
Possible Movements:-
1. 5280< = >5314< = > 5250< = > 5208< = > 5182
2. 5280< = > 5315< = >5340< = >5370.
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
Have a nice day!
Dear Parimal
Good Morning
ya! definatly in hour chart tenkensen and kijunsen are near and tenkensen turning down even Hour JNSAR trend too. chikouspan is in the price give some support.but most important today price has to go up otherwise price will enter in to cloud by tomorrow which will offer resistance further upmovement.
many many regards!
Good Morning Respected Mr.Illango, My beloved Master Mr.Dinesh Rishi & Blog-mates. Have a Prosperous Day.
Camarilla Key Levels
Nifty Futures
H4 5351[BUY]
H3 5339[SELL]
L3 5315[BUY]
L4 5304[SELL]
My Focus on H4 & L4 Only.
Personal Decision Advised.
Dear Parimal
even Day JNSAR will become short but bull has to keep nifty weekly closing 5140 -50 above to continue weekly uptrend.
regards!
Goodmorning sir and all :)
Satheesh - It's very good to know. pls. mail me about your visit. travel, staying, food, etc., now u hv 2 maintain "the other religious things" na specifically??? send me that too
have a good day to all
@ Ilango ji
5321-5282 maybe only 3.1 as
1 5334-5288
2 5288-5321
3.1 5321-5282
3.2 5282-5301 (50% of 3.1)
3.3 5301 downward in play
Good Morning Ilango Sir and Blogmates...
Good morning Sir and friends.
@Satheesh, few days back TV Channel IBN had telecast a multi-part documentary on saving the Ganga.
Link to this: http://ibnlive.in.com/videos/251048/goddess-in-distress-saving-the-ganga.html
My Dear Shradha Saburi
my hunch is that this present upmove from the low of 4770 has to be corrected for resumption of upmove. may be 5100 will provide some support which is around the level of Kumo. in short, Nifty is in consolidation mode
best of regards
anybody knows the open/high or open/low same in indices??? even "karnataka CM problem" solved which was dragging like anything ...huh..but the nifty problem??? :P :(
Could anybody tell me how to calculate turnover in F&O? I did Google search, most of them are confusing me... Please help
sujatha maam good one
Dear Parimal
certainly! nifty has to be corrected before upmove
to gain the momentum to overcome monthly critical resistances.this week is critical week for the defining its upward journey.so the 5100-50( above this day resistances are there)
and upward above 5400( monthly restances clustered)
let us see how it does in very congested zone
regards
Sis
Nifty spot open low almost same
O 5283.70
L 5281.55
Hello Sujatha,
Definetely I shall mail you the details.
@ shr,
I sincerely hope some immediate measures are taken for a clean Ganga!!
Welcome back Sam,
Where have you been!!!
Your silent mode was on for a long time.
L4 Can be consider Now.
TL/SUP Break Signals in RT chart.
DEAR Parimal
if you can see the the big gap between the price and kijunsen in the day trend, in that point of view prices has to retrace or let the kijunsen come up.
regards!
@DR
Ganga Aarati. It is incredibly beutiful and brings divine experience. I must go and experience. Thanks a lot.
Regards,
LV
My Dear Shradha Saburi
very correct observation. this kind of study can be integrated with day Jnsar number (5270, here hrly kumo lies) for clarity on direction
best of regards
Venkatapathy Sir GM
Haridwar is near to my Place and
Ganaga Arti @ Har Ki Paudi is also a divine experience
@ DR Sir GM
My son is pestering me to visit Haridwar. We will be planning in near future. At that time I will inform you sir. Sure we will visit you.
Regards,
LV
DEAR Parimal
replace the hour tenkensen with hour JNSAR trend line and in day too
and do the prediction and see how it comes correct
Ichimoku+ JNSAR trend = good trade
regards!
Ganga can never be cleaned unless all Indians first learn what is hygiene and cleanliness and quality living. Sad to say this but it is the truth and a pity.
small bullish WW pattern developing in BN charts
pt 5 may form near 10550 spot levels and trgt abv 10700+ till tomorrow
@shradha saburi what are the parameters for ichimoku cloud
Venkatapathy Sir its my Pleasure
Could anybody tell me how to calculate turnover in F&O? I did Google search, most of them are confusing me... Appreciate your help here.
Dear Shivan Gupta
use default parameters (9,26,52)
regards!
it make mandatory for mp's and mla's to make holy dip in ganga b4 session begin. shayaad kuch sudhaar aa jaaye political system mai....
@Shradha Saburi,
Is nifty above ichimoku cloud on day tf?
but i m afraid ganga kahin itni mailee na ho jaaye ki hum log ki bhi na rahe..
@shadha saburi
is it
standard line 9
turning line 26
delayed line 52
@ Dear Nilesh Patil
yes it is above the cloud but in the cloud shadow struggling.
@Shivan Gupta
yes!
regards!
Since morning NS has not dipped below c=a which his equal to 5282 as put by Ilango.
the more it comes to that range it bounce. Solid support.
@GM master& to all friends. Looks like nifty is up for a choppy trade for this week & after. I see 5200 as base after which it may attempt one more leg up. Looks like option writers who pocket from time decay are the ones who will make money this series.
DR Sir,
Now i wants to fill gap of Jun 29, please permit.
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Nifty F open = 5310 < previous day c 5329
Move below open bearish and cut 2 times
previous day low 5297 and brought into.
Now move above open will be bullish &
bearish if break low 5290 with vol.Now struggling to get support on 34h.EMA.
Dear Nilesh patil
I am not expert so I do not do the Intraday (if do it then very small quatity) in the cloud area and when it is in the shadow
I keep the positional
regards!
STB - mm..but painful truth not only ganga "our living surroundings too" :(
DKG - mid point crisis = do or die situation pity nifty 5270 protects = still upstrength is there breakdown decesively can give something slight break is no use for bears
@Nifty rider
How much dirt and sin people dump in ganga ,
even though Ganga has been still enchanting and giving divine experience at kasi & haridwar .
Thats the power of holiness.
Breathtaking and truly divine . :)
DKG
& what about todays gap?
Those who sold@L4 or Near by can book Part
and trail to breakeven. CMP@ 5282
My Dear Shradha Saburi
that was nice of you. if we manage to understand the very structure of JNSAR numbers (certain EMAs) and various components of Ichimoku Kinko Hyo, then we can convincingly feel that both the systems try to speak the same language
kind regards
Broken with huge volumes.
@Dr sir,
Please give some opportunity for us.
No fill today. Next week.
DR sir
woh gap mujhe de do. sab gap aap log hee fill karega kya?
Morning everyone
have a gr8 trading day!
cheers
5269 Spot this is what I expected Friday itself.
Downside Initial Projections I expect
based on 1-2-3 reversal
1.272 - 5276.66 //done
1.618 - 5261.16
2.000 - 5244.05
PT 5 formed in BN bullish WW pattern
also tested lows of friday
@Ilango
Since now it has dipped below c=a=5282 so is it ok to expect next stop at 5254 as you mentioned in the pre-market.
are there any more stops in between?
@Shradha Saburi,
I m asking about DAY Time Frame. Not an intraday.
One can plan to live for some time by the banks of Ganga at her upper regions beyond Uttarkashi, say at Jhala, Harsil, etc. anywhere on the line of Gangotri or even Yamunotri (where still some kind serenity is alive) to take real experience that she is not just a dumb flow of water, but a torrent of life in the most dynamic form
may we call it divine expression!! may be ! depends on our perception alone
sir below 5270 rising wedge trend line gets broken so does this mean we are in a new down trend now
@ DR Sir,
Voh fir kabhi fill kar lenge.
@ Dear Nilesh Patil
yes it is above the cloud but in the cloud shadow struggling.
REGARDS!
5220 calling...
My Dear ShivanGupta
is the base of the rising wedge at 5210 NF
correct me if i am wrong
thanks
Last 5 day low closer to DLEMA is still untouched :)
OI Difference increasing since morning .
Hopes alive that it won't hit the channel and eventually JnSar. :)
Lets see.
@parimal
sir has marked it from 4770
DKG - my no.70 protected. i closed my shorts. i am seeing hourly close abv 5270 is +ve just for intraday purpose. BNF is not bad sofar. let me see. If protected good bounce am expecting.
PS - last week low protected weekly L4 protection may give again upmove.
@ Dinesh Rishi Sir,
Both Haridwar and Rishikesh are my favourite places. Generally I visit these places every two - three years specially to attend the Aarti of Harke Paidi..Next time will inform whenever I plan to visit....
Multi EMA crossover traders search
in google with this key word
"5_13_62.pdf RobBooker"
You may like it...
Yes Sujatha Ji,
BN is taking support at 34 SMA on Hourly Chart, if Hr close below it then 324.
Nifty Futures
Chart RES@5303
TL RES@5292
80% RES@5296
data for trail those
who booked part profit.
nifty hourly chart from 4770 resembles, nifty move from 2008 lows to high.
so expecting a 40% correction of recent upmove from 4770
@Sujatha ma'm: My opinion is that 5270 will not hold this time & the correction may be deeper till 5200 atleast (but this will be choppy). I am of the view that creating new shorts will be confirmed once 5270 is broken.
New Post Done.
good morning sir and all friends.
sorry sir,
Good afternoon sir and all friends.
It is better to book intraday at the tomorrows JNSAR and create new short if it breaks todays JNSAR. this is just my view
regards!
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