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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
44 comments:
My Dear Shradha Saburi
i hardly see any significant price, short, medium or long time, without consolidation. Kumo shadow is a very good formation of consolidation
regards
sorry -- price movement
Prabhat - yes.. no if and but = am waiting for hourly close below 270 or else last week low should break on hourly closing basis. or else EOD close below 286. am seeing one more upmove pending. so no fresh short as of now. just watching and closed my shorts.
nath - 40% correction??? :( :( ithna narraz kyun hai???
Nice to read too many perceptions & experience
from our seniors regarding JNSAR.
sir
in daily, lead indicator has reached 60 level without much cut in price does this indicate that current fall is corrective in nature.
For L4 SELL TSL@5288
repeat
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!
@ DearParimal
yes !follow day JNSAR and kijunsen levels
regards
@ shivanGupta,
Consider them as corrective as long as the counter trend prices restrict within 61.8% to 80% of the last rise.
Sir,
Correction had exceeded the 50-65 pts range, is this break of pattern?
My Intra TSL@5283
Anyone worked/working on Gann time factor?
@ chetas,
Next to the 53 & 65 points minor correction, the larger "Corrections" have been @ 99 & 148.
Presently "65 points" been done @ channel support.
More weakness if resisted @ 5276-93 zone and breaks below 5258.
DR sir
SSh!!
I always love Bruce Lee's Quotes - Just Sharing...
“Empty your mind, be formless, shapeless - like water. Now you put water into a cup, it becomes the cup, you put water into a bottle, it becomes the bottle, you put it in a teapot, it becomes the teapot. Now water can flow or it can crash. Be water, my friend.”
“I’m not in this world to live up to your expectations and you’re not in this world to live up to mine.” -Master Bruce Lee
Thankyou Illango,
Can we say again the support coming near DLEMA, as it has been the case since 4770, also never had a hour close below 5270( sister level) since 3pm, 29th june, the breakout day.
I has shorted yesterday, covered at lows today, do not have guts to short again unless JNSAR supports it Plus a close below DLEMA
Playing chess in the waiting time
BN 1.00 PM closed below 34 SMA on Hourly Chart.
Stochastic cross over in nf 60 mnts. chart (Stochastic settings 3,5,3)
cooldent said...
DR sir
SSh!!
============
Shhhhhhhhhhhhhhhhhh
Dear Ilango Sir & Blogmates,
OI Update at 1:00 PM
Thanks & Regards
OMG - give back the 44 pnts -ve to +++ve
Cooldent - sshh!!! any bet BNF 7+++???
DKG - hmmm... may be it's cheating??? am seeing +ve :P :( y i am always "ulta thinking" OMG bless me
Sis
Anything ++++ im with you :)
cooldent - :) :)
Sir - 1 pm updation + chart pls. tks n advance
Dear Ilango Sir,
Can you pls let me know the significance of hourly closure now at developing JNSAR for tomorrow ? What action one has to take in such scenario ?
rgds~Ajith
@ Sujahta,
May be, but trend is my friend. Will reverse position if Hr closed above 34 SMA. Let's see.
@ Dear Parimal
see hour JNSAR and hour kijunsen crossover
also cloud below it may dampen downward movement.
Day J10 and DAY JNSAR are equal gives support.
regards!
@ ilango SIR i start positional trading based on ur j10 sar rule wise.... but sir one question sir if any stock j10 sar is 1022 .... & stock trading 1020 if break 1022 can i buy or wait 5-10 min..plzz explained... wat is the correct time to enter the stock.... bcs some time stock break j10 sar & broken n stop loss hitted.. tats wy i tell u sir plzz tell wat is the correct process to enter.. i wait sir ur reply....
@ oru_indian ,
It is sell on rises in Hour T/F as well as Hold shorts.
Accordingly suggested the resistances around 5276+.
It is again correcting from 5276.
Most of the TA tools are derived from "Close" prices.
Looking to see a close below/ above Hour is an aggressive way of following.
DKG - yeah..that's y am waiting for an upmove if decesive breakes 270 means definitely i will bet - 70 pnts. from here ..but the way "price behaves" am not in shorting mood..may be 2pm 2.40 factor will give upmove???
My Dear Shradha Saburi
yes, i see they (hr Jansar and Kijun) are same and Kumo support is holding.
regards
bears deadly left punch missing,bulls still hv strong grip
@Sujatha Ma'm: Madamji kuch nahi karneka... sirf short karke soneka.. nifty ki pahtnewali hai...
bola tha ki 270 will not hold. once break is done, even if it rises ... it is sell on rises unless EOD closing is above 5325. Please note that my take is that nifty will be in grinder mode from 5200 to 5325.
Good Afternoon Sir and to all. As per 1 minute TT update whether JNSAR has been triggered at 5269 (mentioned in TT)
huge addition in 5300ce nearly 14 lakhs today till now
guess its big trap
may open gap up tomorrow
Prabhat - devreeeee, yakke harass madthire nanne:(
devereee,, bittu bidi 270 - i am holding that one strongly for this month. pls. help me...want to see onceagain 300+++ BNF 645+++
Pankaj - :) :)
@Sujatha Sis,
This time want big Piza.
Prabhat & Pankaj
Plz maintain decorum of JN
avoid such language
@Sujatha Ma'm: I will talk to PT for him to take over. When PT enters, then bulls have to take back seat. One more, I am suspecting nifty might close at its lowest today (hope that it breaks 5250 also) another 18 pts... I am assuming that the 5175-5225 gap will be covered in this fall.
@Master: is there a bearish neck formation happening?
i second DR sir, decency should be maintained
@Stock4sure,
I'd like to disagree with you. This 14 lakhs addition to 5300 CE and 10 Lakhs in 5400 CE looks decisive. Because there is almost negligible additions to 5200 CE i.e. just 2.2 Lakhs. There is also 7 lakhs addition to NF. And we are very close to DLEMA. Combining all this it suggests more downside than upside.
New Post Done.
Dear Prabhat and Pankaj
Have you seen such indecent remarks from any senior so that you could get the idea or guts to write such words on this blog ?
We hope you desist yourself further.
@Manish: Please relax. Maybe yoga/meditation can help you. Learn to take things on a lighter note, you will find more happiness in life.
Please do not mix things up written by someone else, generalise & then refer them together. Also, when DR Sir has reacted to it, I do not see the need for you to pitch in. Do not waste time, please got on with the mkt.
Very close to JNSAR
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