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...
67 comments:
Om gap filay namah!
@Pankaj Ji,
Low Breakayie Namah!
@Julius, let first the gap fill in, then I will join you :)
huge spike in volume
Dear ILango Sir!
As rising wedge has been broken, how will we know from EW point of view that we are in wave 4th of C or in new impulse down?
My Dear Shradha Saburi
the crucial lower band of Kumo has been broken by NF
regards
Julius - Om..bull - aya namah .. 215 protect - aya namah.. as 194 is nearby this is enough i feel...
@Julius, If it goes down any further, I am shorting it :)
Julius - OK.. chance less 2 protect 215?? as BNF breaking it may touch 540/466 means nifty??? OMG..
@Sam, where r u tracking volume? And is it in Nifty spot or futures?
Sujamma no 194 straight 150 if 215 broken
@ pankaj on nifty future ...
@Dear Parimal
OK
@sujatha
hmmm..i know 5213 and 5195....ok got it...
@pankaj
it is spot value.
http://www.nseindia.com/ChartApp/install/charts/mainpageall1.jsp?Segment=OI&CDSymbol=S%26P%20CNX%20NIFTY
@Pankaj
There is one gap fill still pending 5150-5194 range :)
Do you want that to be filled first ?
Mausam bhi hai aur JnSar bhi .
But seeing that Lead indicator going to be oversold ...seems like Sujata OM...chanting can be obliged.
STB - if ur target is that sorry .. i will not give that will change my "trading setup of this month" again.. so prayer is "BNF protect-aya namah" give sharp bounce i believe ths s a correction for crossing of 343 with power??? then upside target is...... not appropriate time to post this..but u r experienced will not "bother abt me" so boldly posting. so my EOD closing guessing also done ........let me see
Anil - :):) if u dono then who will :P
@ ILLANGOJI,
what a perfaction of bearish harami pattern
low of 1st day 5280 nf & today's i.e. 3 rd day
high is 5280 nf.
@NUMCHAR
THERE IS 3600-4100 GAP ALSO PENDING ,
SO CAN YOU WAIT FOR THAT??
I think we need a contest to guess Sujata's guess :)
Winner gets a pizza , dosa and idli .
Pankaj said...
Om gap filay namah!
29 June wala
Gaps, gaps and gfaps...ha ha ha...gap filling is never a rule, they may get filled, sometimes fuuly, sometimes partially, and some times not at all.
@master
2 was also fast fall and 4 is also fast fall. is it possible frequently. because what i know is if 2 is slow consolidation than 4 is fast fall or vice versa. is it guidline or rule?? please guide. thanks in advance. now from your label i came to know 4 is ready to end near 5194-5215, monthly-weekly 5EMA. am i following your lable correctly. thanks.
@Prithvi
On lighter note ....
Am with jnsar ...thats aligned with the trade now :)
DR sir,
Please come first @5500,
@Dinesh Sir,
I was wishing for today's one, but aap logon ke maje lene main ustaad ho :D
A 5-waves would be completing now.
By the way we are in the 5th wave in the down move from 5345 , so shorts need to be careful.
@sujatha
one Ques?? if today it is at eod where u said then tomorrow will be broker day...
:)
RE-POSTED
@master
2 was also fast fall and 4 is also fast fall. is it possible frequently. because what i know is if 2 is slow consolidation than 4 is fast fall or vice versa. is it guidline or rule?? please guide. thanks in advance. now from your label i came to know 4 is ready to end near 5194-5215, monthly-weekly 5EMA. am i following your lable correctly. thanks.
Re-posting.....
Dear ILango Sir!
As rising wedge has been broken, how will we know from EW point of view that we are in wave 4th of C or in new impulse down? Your guidance needed sir.
Sujamma that way my targets are 2500 on downside and 13000 on upside in Nifty....:):) :) Some day some month some year it will happen. :):) No immediate targets. I rarely day trade.
@ Kumar Technicals ,
Just as 5280-5342 congestion has acted as Resistances, 5171-90 resistances could act as supports now. Break of these would be considered "Bearish".
If 4th wave, it should not enter the 1st wave (5190 or 5144?)
From TT's signals, a week turning down need to be considered. There are one or two occasions, these weekly reversal signals have been whipsawed.
गई à¤ैंस पानी मे
http://images.nationalgeographic.com/wpf/media-live/photos/000/007/cache/water-buffalo_750_600x450.jpg
@Kumar technicals and Ilango sir,
Excuse me for jumping the gun, but as per my experience elliott wave can not predict whats there in store next, however it can warn you the major turnoing points as they happen in real time.
So this down move can be a correction or it can be a new impulse wave, it depends on how the upward correction unfolds.
Dinesh ji,
koi gal nahin bhains will come out after having a bath.
☺☺
PAM
it always come out
but the question is when?
So many choices
1:15 or 1:45
Thud or Rocket.
1.00PM TT & Chart updated.
Sub-waves are challenging. Take some caution.
4th wave possibility is diminishing.
@ ILLANGOJI,
UNLESS & UNTILL CLOSE ABOVE DLEMA WE CAN CARRY
SHORT ?
Anil - i didn't post my EOD no. but u smelled it?? telepathy?? :) if my "calculation (dont mean it TA - as usual ulta pulta thinking) is right then this time it should cross 343 with power straight hit 379/386/420 too early to say before EOD i know wat "u know" :D
STB - lolz :) since a year and abv my target 8400 and 4100 pending n nifty :P this is proving "prection is worst' which v can't trade
@ Kiran,
If you follow TT, the colours would guide you in a simple manner and take those trades that is in harmony with TT colours.
34 hr sma is another excellent tool for "Less risky trades".
Dinesh ji,
u r the milker who milks cows till the last drop.
so i am not worried at all
☺
divergence in macdH
For all - wat sir says is right.."squeeze" the TT as much as u "can" u can get good trade..just done it may cross 241.. let me see how it's working out
Sir,
the top line connecting 5190-5194, in hour chart the earlier two tops, comes to 5215, will this now as a support.
When i connect the lows of 5040-5090, in hour chart the support line comes to 5205 levels,
Also when we break 594 with a gap, @ 5225 NF had huge volume, and If i remember Mynac said this will be important when we revist 5225, now we are there,
can we say at least a consolidation here ?
I had taken my First JNSAR trade in SGX nifty and I have booked my profits also. Thankyou verymuch for all your guidance.
parminderji,
ek jok jo jay.
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc6/602590_494618023887015_1691180076_n.jpg
Typo " when we break out above 5194"
nilesh ,
gud old one,
send me ur number by mail or messenger
itching to go long at 5200-5220 with sl at 5194
Dear Ilango sir!
Thanx for ur reply & clearing my doubts.
Dear Pankaj!
Thanx for jumping ur gun but we are not predicting but following. I was getting my doubts cleared, nothing else. I religiously follow TT & its alwaz precursor.
power of "TT" coming on the way???? OMG please show prithvi's no.
chetas - don;t think to break 194 please..i hv break my head again :( to change my "mind set"
Sister
My sappad done and shop closed, just watching the charts to be in tune with the markets
OK...take a break back @ 3 PM please show one and only uppppppppperrrrrrrrr side abv my no. 270 ..no "thud" sound please.
@chetas
what are the requirements to trade sgx nifty
34 hr sma is another excellent tool for "Less risky trades".
sir can you please throw some light on this.
parminderji,
mail sent
master a very good elliot wave for infy is there on fb ... can i post link
correction over?
Come on sujata, we will make it happen! Om gap filay namah!
Dear master
Can we say now that it was the 4th wave and now 5th has started or we wait for TT data to confirm the same ?
Fibo numbers for 5343-5218 fall
23% 5248
38% 5266
50% 5281
61% 5295
@Shivan Gupta - as per my understanding Master means if you can follow 34 hrsma still good money can be made with little stoploss...
@Pankaj Ji & Sujatha Ji,
Retracement Ayea Namaha!
For DAY
5245 - 5240 - 5235
From Top of the Swing(Including Gap)
5283 - 5270 - 5258 //Personally I dont expect Today//
Good Luck Both of You.
@Pankaj Ji & Sujatha Ji,
https://picasaweb.google.com/110984165558614692353/Charts#5764199209319422242
Above that I'm on your side!
thanks prince
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