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...
72 comments:
good afternoon, holding on to steering...
stock4 - that's very nice...580 but who knows chart can play this for intra pocket something and can go
mishraji - please post while changing the gears
Sir - yahoo & NSE showing low of 5169.05 nd me too seen @ charts.. but google not showing. please consider what to do??
regds
@ Stock4sure - Amazing!
Sujatha Mam,
Google also showing low as 5169.05
May be just need to refresh page.
@Shriram,
My fingers are crossed now as 5196-98 is approaching.....
RELINFRA up by almost 1.8%
@CDG,
guess ilango ji had clarified a few mins ago.. am just repeating
DLEMA may resist @ 5197, will be an aggressive trade to take.. better wait for 5226 to turn up Dev. 5DEMA & trade > 34,30m for safety
Open & low for 12:00pm candle is same
bharat - agree.. but i am no way related to charts
kiran - :D thanks i forgot to set my "autorefresh"
which will come automatically every 1 minute
so finally - this is a light confirmation that my ancestors received my mail and doing the needful. Kumar sir :) :)
Thanks Shriram..I missed that point..Thanks for highlighting..
Right Shriram Bhai...5222-5226
@sujatha :) seems so..
my wishful thinking, go india. go.. 'say bye bye to 51XX' for now!
sir,
what is the sl for longs taken above5196?
Sir,
Falling wedge broken on upside, in my chrt it comes at 5195 is this correct?
Hi puravi,
hope the TA is going gr8 :-)
Anyone tracking JK tyre / Dena / CAIRN / HDFC Bank ??
Alert for CAMARILLA L3 BUYERS
Counter Pin Bar Seen.
Possible to start Downside Again
This is valid till 5198.8 not cross
in NS.
5198.80 Broken Keep Trailing
mishraji - mm.. wishful thinking for me too this has to 198/208 taken out for short term and it will do so as nifty didn't touch 200/ema or 89 ema level.. somehow happy my no. protected. i always give "falst breakout chance whether up or down 25 points" even to CAM i will consider this 5188- 20 = 5168
Breathing points 5197/5210/5226/5246-5250
Sir,
hoping that the limping niftys wond will heel today with the PRESIDENTIAL ELCTION,as acorrct medicine?
NF H3 5215 almost reached...
AOh..Shriram Bhai,
Awgad ahai amchya satthi...tari prayatna chalu ahai
Now at what price Falling wedge's resistance line ? Nifty resisted there ?
Ilango said...
@ shriram,
ED is still valid as the supporting line for the current hour is @ 5168.
It's also possible for a false break down and a reversal. These are aggressive views.
The conservative one is to attempt longs above either 5196 or 5226.
July 18, 2012 11:15 AM
@Shriram,
I m tracking Denabank and Hdfcbank.
@Ilango,
Just like false break down there is also a possibility of false break out. Correct?
sir nifty has broken out of upper trend line of falling wedge so how to confirm that it is a valid breakout.
Dear puravi..
Prayatnanti parameshwar , lage raho :-)
Namaskar Nilesh :
Kay vatate , kuthe jau shakel gaadi hya stocks chi ??
illango Sir,
These longs are only for Intra...is my understanding correct. please guide
I need some guidance in currency trading.Can anyone help?
Come on Bears, Show ur Power !
Shriram :-) Maharaj Jai Ho!!!
apla chutish cha akda 207 la ahai...X kadhi hoonar?
Clearing day's high-5204 before 12.50PM would be a faster retracement of the last fall of 35 points to 5169.(Not a very significant one though but nevertheless the first sign of strength)
False break-out is possible. How to know? No way.
But one should manage it with our usual 20 points.
Aggressive intraday trader would have bought @ 5170.(PreMarket's support)
@ puravi:
Always be mindful of higher DAY TA
An EOD close > 5210 will favour bulls for following reasons :-
1. Close > Falling Wedge Breakout
2. EOD candle wud be a HAMMER or a long Leg Doji (reversal candle)
3. close will be > 34EMA,30mins for min 1 hlf hr
And If we get 5226 , tat wud be awesome for DAY TREND :-)
@ Nilesh: thanks a lot
Faster retracement timing to be read as 1.10PM
Nifty taking snacks and tea here..once over it will jump to "jumbo meals"
shriram ji - add - 5247-5169 = 5208 50% FIBO.
hi suja:
wen can we enroll for ur cooking class pls :-)
Good Afternoon Friends,
Udyapasun Shravan Mahina chalu hot aahe. Tar Ya mag aajcha Kolhapuri tamabada pandhara rassa pyala.
comeon friends for todays lunch.
http://www.radiomirchi.com/blog_images/TAMBADA%20PANDHARA%20RASSA.jpg
1.00PM TT & Chart Updated.
sir on hourly closing basis nifty closed below the trend line
@ Shriam Bhai...
1 Hlf hr...mhanje ardhya tasachi ek mombatti? any aplyala doon bagayeche...barobar?
Thanks
@ Sujata...whay from 5247 not 5267...please guide
Egerly waiting for jumbo meals time.
Sujatha,
the rest is nothing but adjustment in options OI.
the scenario is changing very fast as far as OI is concerned while Nifty is stagnant.
Regards
nifty might end up today around 5170 :)
@ Illango ji,
with 5300CE being above 1cr
STK crossing over the falling trend line
Where would you suggest to enter again in the direction of JNSAR?
Thank you
Puravi - nothing but v r n mid week -just look for short term balance 2 days + today = book profit if it comes up in week end. during week end break ur head for "positional"
SJK - :) :) i am a "fastfood eater" of OI will take it from others
@ puravi ,
5300 is still a 100 points away. Nifty could reach 5300 and still the 5300PE writers could pocket the full premium.
What we are observing now is that "Falling wedge's support line" as well as "Daily channel's support line" have held @ 5169. If Nifty closes above DLEma, it is a confirmation of bulls gaining in the ST.
Look at the retracements of 5349 to 5169:
38% @ 5237
50% @ 5259
61.8%@5280
And weekly pivot @ 5264.
In the meanwhile, this immediate rise should hold the retracements of 5169 to 5201:
50% @ 5185
61.8% @ 5181.
Nileshji,
Gatari ekdum majet...
Kiran,
Ho
Thank you Illango ji & Sujatha ji
You are very kind!
Sir- y this grinding veri?? any consolidation is going on for 5125??? worried a bit but bght @ nd holding :( atleast nam ke vasthe it has to touch the 2 days high but not coming???
Kumar Sir,
Ruke Ruke Se Kadam
@ sujatha,
Every segment of upmove(consists of 12345)is followed by a consolidation(consists of abc).
Only patience and this knowledge could sail us through.
5180 becomes important to hold and 5210 to scale.
Is Mor Se Jaatay Hain
Bollywood's first superstar, Rajesh Khanna, is no more -- Kaka departs Today RIP
Dear Ilango sir...Aggressive traders means buying on suppor & selling on resistance as per premarket right,,,without seeing the "trend" ...I'm thinking right?
Right now I don't have any position Sir (all booked yesterday) as JNSAR is in sell mode,,,can I short,,,,for target of 5130 with SL of 5245,,,
Jai Jai shiv shankar kanta lage na kankar
Ke pyaal tere naam ka piya.
The superstar goes to Ashes at 4.30 today.
Kaka RIP
http://www.youtube.com/watch?v=29P6tmF7ddQ&feature=related
Dear D R Sir!
Song is good but mood is not good now bcoz Kaka passed away, thanx for song.
Jindagi ke safar me guzar jaate hai jo makaaam
Woh Fir nahi aate...
Best of his times.
Patjhad ke jo phool murjha jaate hain
Woh baharon ke khilne se aate nahin....
Zindagi ka safar hai yeh kaisa safar
Koi samja nahi koi jana nahi
MASTER,
U SAID CONSERVATIVE TRADE COMES @5226 , SO CAN WE GO LONG AT THAT LEVEL WITHOUT JNSAR ??
New Post Done.
not a single red dot today.
--> back
Finally 5HrCEMA has turned UP @ 14:00 hrs
& CMP > Dev. DLoEMA !
Now, lets see if bulls can gun down 5208-5210 & then reel in 5226
Camarilla - Now@ Scenario 2
Nifty Futures
H4 5232[BUY]
H3 5215[SELL] /Need Tech confirmation
Ilango Sir,
As per JNSAR...I have traded 1Lot again...now as per my understanding when price moves above DLEMA +20 its an opportunity to sell and come backe to position.
However as Per EW we may have ended the correction + there is the hammer candle stick+ breaking out of a falling wedge...would it be prudent to resell at retracement from 5349?
Your guidance will help clear the picture Sir.
Thank you
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