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....
-
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...
33 comments:
NIFTY OPTIDX Open Interest at 2 (JUL & AUG)-> CLICK HERE
Dear Sir Ilango
following completion of 5 waves at 5077, this upmove can be a-b-c consolidation.
regards and thanks
Good Afternoon ILango Sir & everyone!
We are not impressed by anybody's longs at 5085, JNSAR followers are short above 5200. TT tells everything, check S2 at 5085 & Master guided us timely all the times so we are busy in our business. Pls be happy in ur home, dont try to disturb peaceful atmosphere of our temple.
Dear Jiigs!
Take some tonic & be ready for expiry game. You are our Golden ring master for JN monthly festival:)
sir is every move from 5077 in 3 waves....making this up move a corrective one.
are new lows possible now plz any body today
@ shivanGupta,
These smaller waves labeling is flexible.
5126-21 Hr sma....Below this weakness.
5131-80% retrace for 5144 to 5077: Above this larger corrective upmove.
Thanks a lot Ilango Sir Got it
PT Sir
Master clearly said- If not 5131 taken out new low possible today or tomorrow.
5144 is also 50% retrace for the fall from 5348...
Hi VaniIlango,
Can you elaborate on position sizing with risk management ?
Thanks in advance !
Navnit
1) As per EW--Hrly & Daily coming together.
2) Daily forming another bullish candle
3) Positive divergence in intra charts
Now price needs to conform...till then following JNSAR...
Dear Ilango Sir
Good Afternoon .In case it crosses 5131, what is the next retracement we have to look for?
Regards
@ puravi,
I see the price move from 5077 to 5119.75 as a clear 5-waves.
The retracement for the same comes @ 5099 & 5093.
Only if these hold, there will be strength.
So new lows waiting to cheer
Good afternoon to All!
Master any suggestion to resell @ hrly HEMa or daily lema
Thank you llango Sir..
Sir is wave watching better in 5min or 2mins?
@ Atharva,
Most aggressive sell would be @ 5115-5125 with SL.5132.
@ Lakshmi,
38%-5146; 50%-5168;61.8%-5189
@master
3pm update please. thanks.
Thanking You Master!!
sir if price fail to close above 21 hr sma and DLEMA then also is it advisable to carry long as if move from 5077-5120 is a 5 wave move then a zig zag is developing .
Sir there seems a reduction in OI of Ce5100
At present addition is 6.6lacs...please guide
i think 5206 should come before any further fall, may be i am wrong.
@ shivanGupta,
It depends on your entry.
As per our TT & TA studies, the trend is down and displays more weakness below DLEma & WLEma.
Despite "Rally off lows in Asian Markets this morning", our market fell down in the opening session based on its technicals.
@ puravi,
OI changes in 5100CE could be due to partial profit booking by those aggressive writers this morning. We need to rely more on the EOD data.
@ Ashish: confirmation of ABC as ZZ over @ 5077 , wud come ONLY if we take out 5126-5140 band ..
makes for a mouth-watering expiry tomo :-)
"Tears of EYES are Valuable"
"Speech of LIPS are Powerful"
"Heart With LOVE is Beautiful"
"Life with FRIENDS is Most Wonderful".. !!
Good afternoon sir and everybody :)
Bye
and Day candle is forming a hammer or a Shakeout candle with a long lower wick
buyers avaialable @ 50777-51K zone ??
will know if 5DEMA turns up by EOD close tomo > 5153 :-)
Sujatha,
We all are missing your comments.
Is it that you felt bad about something.
Regards
Thank you for the teachings Sir..Have a great Evening:-)
Rajni joke for fans:
Superstar Rajnikant was wrong ONLY ONCE in his whole life, do u kno when ???
...
..
.
Ans: When he thought he had made a MISTAKE ! ;-D
Sujatha didi taken place of Gauresh Sir
Came to know from the blog that Gauresh is not feeling well due to fever.
Pray for his wellness and fast recovery
can anybody guide how to
select stocks for INTRADAY
thanks
Post a Comment