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...
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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
not a single red dot today.
@ Prithvi,
It was 5196 or 5226.
Camarilla - Now@ Scenario 2
Nifty Futures
H4 5232[BUY]
H3 5215[SELL] /Need Tech confirmation
@Ilango,
the current 5DEMA is 5215 do this point be read as something for bullishness to return
Sir - thank u very much.
Piyush - power of 188 the last one in 5 min. chart after that is a good straight bounces
OMG - take out 214 give me 35/38 then i will not tell much becoz i know u will give
CDG / Puravi,
Its time to ACT for Agressives Bull if we close > 5206 by 14:30 hrs :-)
remove the covers from ur howritzer muzzles & make the Guns ready for war !
@ illangoji,
should we close short & go long @ 5226 even jnsar not triggered ?
Piyush - check 1/2 hr candle low too
shriram ji - thankooooooooooo it may close 225 or 220 for short term moreeeeeeeeebullishness in last hr
@ CDG,
Yesterday's 5DEma is to be taken for today too till "Closing hour" when it will change.
5170, identified as "Falling wedge", along with MEma-5173 was for aggressive traders.
5190-96, the rising wedge's break-out point and DLEma, was for conservative traders.
Now to look for strength
-21 hr sma @ 5208 has been scaled;
-34 hr sma & 5DEma are poised @ 5224-26
- & 5197 DLEma must hold in the mean time.
225 or 220 @ 2.30 hrs is my calci
Fantastic Ilango ji...
thank you so much
5190-96, the rising wedge's break-out point
Read the above as:
5190-96, the falling wedge's break-out point
sir which site can i get exact nifty and bank future closing end of the day please tell me
Now keep an eye on the retrace for
5186.3 to 5222.65
38%-5,209; 50%-5,204; 61.8%- 5,200
Suja:
My singal @ 14:30 hrs has come ... Agressive Dosa cooked @ 215 NS ,
Can do: NS= 243-250 / 308 / stratosphere , if TREND permits :-)
@Violet,
REfer to NSE website.
nseindia.com/live_market/dynaContent/live_watch/fomktwtch_FUTIDXNIFTY.htm
nseindia.com/live_market/dynaContent/live_watch/fomktwtch_FUTIDXBANKNIFTY.htm
PS : BNF breaking here means 466/394 is my No. so all "protect-aye namah" and 12th july nifty "gap fill-aye namah"
July 18, 2012 10:16 AM
adding one more - JNSAR - hit-aye namah!!!
ok thank you kiran sir
@ Master,
What is Tomorrows jnsar for Banknifty?
suja,
net problems.
the rally started from 5186 close to ur discussed no 5188. is that what u mean??
If Nifty closes above 5210 the candles will form a piercing pattern.
LV
sir can this up move from 5169 to 5222 could be zig zag
Piyush - nothing but the "strong man" it proves
LV - sir impact???
@master
day-5day indicator triggered?
thanks.
shivan gupta - v r @ 5217 watch out
http://www.youtube.com/watch?v=nyZ6mv5y5mE
For KAKA
DRSIR,
what about banknifty trend??
@ shivanGupta,
It could be. SO manage the trades with retracement of the second rise from 5186.30 to 5222.65.
@ Nilesh Patil ,
10617-BN's JNSAR for tomorrow.(approx)
@ puravi,
Alert on the TT calc, 5-10Hr will give Bull x-over on hr close @ 15:00 > 5221
& 2 close > 34EMA,30m
Live example of SYSTEMATIC trigger :-)
the rise is stopping around 5216...
5270-80 calling...
Thanks Master.
Todays BNJNSAR also trigar.
@ shivanGupta,
It could be. SO manage the trades with retracement of the second rise from 5186.30 to 5222.65
sir could you explain further .....do you mean below 5200 zig zag would be confirmed?
Sorry. Correction:
It will be bullish Harami.
@ Sujatha
The name implies.
LV
Prithvi
its RB no trend
@Shriram,
Now ready,
http://i0.sinaimg.cn/jc/2009-04-04/U1335P27T1D547651F318DT20090404112901.jpg
@ shivanGupta ,
5200, the 61.8% is taken to manage the longs but that is not a confirmatory point.
@ Sujatha
http://www.investopedia.com/terms/h/haramicross.asp#axzz20xrGde4Q
LV
@Ilango Sir,
Nifty unable to close above 5MHEMA from Jan 2011, even in feb 2012 also.
Now this fall also started from 5MHEMA (5342), can we expect more down side after bounce near to 5280 (62% retracement).
Regards
Ashu
@master
day-5day indicator triggered?
thanks. i am on mobile.
hahaha..
Nilesh bhau,
Jai Shivaji jai bhavani.. already maidaanaat udi maarli ahe @ 5215 NS,
aata maage baghayche nahi, bigul vazawila ahe ;-)
Is it still shorts taking home ? ? or Buy ? ?
@Shriram,
Amhi 5195 la maidanat udi ghetali hoti
@ AshuTej,
If we consider the "falling wedge" from 5349 to 5169 as a "leading diagonal", your view gets validated. Weekly TA at this week's close would give further credence.
Many stocks showed potential to stop their fall this week and start the next part of the upmove to complete the total corrective rally for the major fall of 6339 to 4531.
Keeping all options open, let us follow how prices unfold and affect various T/F's technicals.
@ Nilesh:
Badhiya, then u will enjoy even more if 5199.85 - 5207 holds !
LV Sir
With your permission
if it closed around days High I would like to say
its Hammer
3.00PM TT & Chart updated.
LV sir - thanks a lot
ashu - sorry to inbetween - that's good point 5280 but taken out means then 343 take out possibility is "open" as per my "useless view"
waiting for sir's 3 pm update to close my system
OK.. bye all
NEW MOON PRAYER - hi thatha patti and all - please keep and take the nifty up as much as u all can
As mkt not doing much
experimenting on Blending candles
http://stockcharts.com/school/data/media/chart_school/chart_analysis/introduction_to_candlesticks/candle5-blend1.gif
simple girl said...
nifty might end up today around 5170 :)
July 18, 2012 1:18 PM
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Mam any fresh update?
DR bhai,
"As mkt not doing much"
0.9 % ka move ho gaya intra, aur aap abhi bhi santusht nahi hue ?
High-beta kuch track kar rahe ho kya ?? :-)
J.R.Julius ji good view on nifty
shriram
May be I am watching some wrong chart
Aaj utni bhi mayassar nahin mai khane mein ,
Jitni hum chhod diya karte they paimaney mein
DR Bhai,
"eleventy-two" ka asaar hein abhi bhi ;-)
Thank you sir.
Regards
Ashu
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 back 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
July 18, 2012 3:13 PM
shorts of longs ? Plz Advice
DR Sir Pranam.
Withe love and regards,
LV
Dear ILango Sir!
Start the next part of the upmove to complete the total corrective rally for the major fall of 6339 to 4531....means start of big C upwards?
slightly No-man's land PT :-(
We will prolly close EOD today > DLoEMA , but 5DEMA is still trending DOWN
EOD close > 5225 tomo, is reqd for Bulls to turn UP the TREND, else we sink again to 5150!
thanks Shriram
@ puravi,
I'm following the market.
It has stopped at 5169 @ daily channel bottom.
Has exhibited the initial strength with closes above 21 hr sma & DLEma and even HHEma.
The other confirmations would follow. One won't get all conf. in a day.
In the meanwhile, I'll also watch for any weaknesses or the negtation of exhibited strength.
I can't see farther than that presently.
Thank you Sir,
Your words bring clarity & strength:-)
@ Kumar Technicals,
The big "C" commenced from 4770 onwards.
A: 4531 to 5630
B: 5630 to 4770
C: 4770 to 5349 - has it completed or is it (a) of C and (b) done @ 5169(today).
This current rise would reveal it. Depends on retracement/ strength, etc.
OVER and OUT
Thank you very much ILango sir for your reply.
Julius Sir
could you please tell how to save default settings(indicators) on Google 2 min Chart.
PT Sir You asking to whom?
Might be Long.
As per Master's view
took 5200CE at 41(NS-5172) assumed SL 5165. squared off at 64.
This is my largest profit ever as i traded 4 lots. Thanks Master
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