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...
55 comments:
"Friday Sell off"...
21 Hr sma @ 5898
34 Hr sma @ 5890.
Ilango ji,
DZZ done here @ 5897 ?
Trading above Pivot can act as resistance and cool supports very near by to pivots.
@ 21 Hr sma @ 5898, is "iii"rd of 5th (green) has started?
During December 2012 also as the Sun & Rahu in the same house and all major planets near Rahu-Ketu, continuation of natuaral calamities(earthquack, storm, heavy rain etc.) and political disturbunces expected. Further, as per Mayan calendar 5126 year cycle ends on 21st December, 2012 and a few groups expect passing through a difficult period which may transform the world. - courtesy - VIPANI SANGEETHAM
JUST IN :
BREAKING NEWS: USGS says magnitude 7.4 earthquake jolts eastern Japan; tsunami expected by 0840 GMT - NHK
Tokyo is warned of severe Tsunami
@ shriram,
I saw it as 3-3-5 from 5950 to 5897.
frm where u all getting news??? TV??? while trading??
Master the stoploss for
conservative shorts now is 5930 right i.e 80% of the last rise
SUJATA SIS - FIRST WEBSITE LINK AND SECOND NDTV WEB
http://in.reuters.com/article/2012/12/07/japan-earthquake-tsunami-idINDEE8B604Q20121207
http://www.ndtv.com/video/live/channel/ndtv24x7
@ ilango ji,
:-)
@ Parminder ,
"Shorts" are meant for intraday trading only.
5930 is 61.8% of last fall; 5939, the 80%.
3.00PM close, hopefully, will resolve it.
http://www.thepatternsite.com/EWleadingTriangle.html
retracements down are very fast.
@ SJKol...
shud be expected now that rubber band is stretched.
Just shows that Bears may be trying to test the strengh of Bulls may be ?
02.40 pm
once 5958 crossed in nd days high chances r more
dear sir sent you a mail please reply when you can many thanks
Seeing the candles today...
cant help feel... Hi chance of this wave going up to 5985-6K next 2-3 sessions,
as long as 5880-59K supports !!! :-)
@Master,
Today close @5910-20 is it confirmation of doji, and trend exhaustion or reversal?
It is a tough fight at 5912. anyone can tilt it towards their side......
(For newbie) Trading Rule: When doubt, no trade.
Ilango ji,
Rounding bottom ysday & todays move taking support @ the internal UTL joining 5927 & ysday High ??
@ Nilesh Patil, CDG,
"Close above 5912 would tilt it in favour of Bulls"
"Close Below 5912 would tilt it in favour of Bears"
voting on in rajyasabha
FOR NEWS WATCHERS,
No should have it for the government to win and fdi to go throgh
Selling started I believe, check the charts...
3.00PM TT & Chart Updated.
Live! FDI vote begins in RS, govt needs 117 to win
Govt Win FDI
http://rstv.nic.in/rstv/index.asp
Somehow i feel abt the reversal now.
Not technically but just by experience, when both longs and shorts stop loss start triggering, thats the ideal sign of reversal happening shortly.
Live! UPA wins FDI vote in RS, 116: 95
Bears were planning this for longgggg....
Master ur views now pls.
thanks regards
At Channel bottom & 34 Hr sma -5890
next step is turn the Day down......
do u dissapprove the fdi 95 say yess 116 say no
Please Do not make this a "Call Centre".
CDG:
For Day to turn down need close < 5880 .. not likely
should close above 5904 for avoiding weakness in Day TA
@ ilango ji,
is it possible that a DZZ has now formed (ended @ 5889) ?
Hello Sir, Can we consider today's red candle is continuation of Yesterday's Hanging MAN ?
PLease guide.
Thanks
yes Shriram you are correct. Bulls seems to have fought well and protected....
@ shriram,
That is the possibility till 5890 holds(Channel top; Failing would play exp. triangle.
13 Sep 12 - Nifty 5435 - PM announces FDI in multi retail brands...14 Sep 12 Nifty gaps up 5526...rouglhy 55 trading days since that day...Nifty at 5950 today..
How many times index should go up for same news - once on announcement (13 Sep) and again on passing the same (7 Dec)?????...:-)
@ Tushar,
Price should confirm with a close below 5 DMA/Ema.
"Closing would be below "DHEma-5912", first sign of weakness for ST.
Day TA is intact closed above 5904 but weakness in hour TA
regds
5888 is most imp Support.
Hourly Channel Support must be held for further up move. Below 5888 trend may reverse to down.
Conversely 5th inside C5 might be Extending. Break abv 5950 will confirm it.
Then C5-5 (iii) might move 1.618 of C5- 5 -(i)to 6068 & 2.618 to 6179.
Thanks & Regards,
Harsh Dixit..
its gap up above 5950 on Monday it can reach 6015 monday itself
Post a Comment