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...
41 comments:
Friends
SBI at 2029, breakdown level at 2020 for H&S
GA sir nd friends
bottom fishing ideas??? try with a big "net" you may get a "whale" also..but be careful with your SL otherwise "you may be in the net" :)
Julius - யாருங்க அது "சம்ப்ராம" அவசரத்தில "சாம்பார்ராமா" ன்னு படிச்சுட்டேன் மறுபடியும் படித்த பிறகுதான் என் தப்பு புரிந்தது அவ்வளவு அவசரத்தில படிச்சிருக்கேன்னு தமிழே தக்கடதிம் இதுல ஆங்கிலம் படிச்சா இப்படிதான் போல hehe
bye
Nf gap fill, NS almost there,
--> back
Master, is this a ABC Flat in play , can we expect 1 more spurt up if 5511-28 holds?
now we have a outside day in NS, after a inside day yesterday
sir
the last wave up was from 5537.05 to 5603
it had taken a lot of time but was retraced in quick time this afternoon .
stamping the trend down.
Camarilla Update:
Nifty Spot
H3 SELL Reached partbooking@5532
and TSL@Breakeven.
my understanding is shorts should be careful now, if we go above yesterday low in NS/ NF, can be a reversal
Turbulence Turbulence...plz evacuate...plz refere user manual called pre markets for your help..
alarm sounding..haha
sir
again reminded of ur teaching.
follow trend.
in down trend upmoves take lot of time and turn into time correctives and price impulses down.
Nifty after retreating from ND Sir's ATR Sell Zone, now approaching ATR Buy Zone
Nifty Pre-Market View:
If 5535 or 5510 is held, a small retrace for the last fall from 5755 could be expected.
Depending on the kind of retrace, larger retrace for the fall from 5971 could be considered.
A trading mode would come into play only on a close above "5605". (These are WLEma & MLEmas)
Hence, Sell on rises continues.
master,
the "form" from 5603 is 5wave... pl guide are we now towards 5435 ?
aah.. tks master :-)
Monthly Channel support comes @ 5350-5365.
Camarilla Update:
TSL@5538
@ shriram,
Challenges of ST labeling:
Possibility of a 5 wave, now, done from 5755 to 5508. (Coincides with the critical low of 5510 to be held).
Danger of (iii) wave unfolding with brief "bounces".
Safer to wait for stability & until then "Sell on rises" till gets tired.
@Sujatha,
LOL.. Just seen ur message.
Any Levels?
NF gap area 5534 to 5444
HOW TO TRADE WITH THE FORECAST
The time given for tops and bottoms is the most important factor for you to know and watch. It makes no difference about the price a stock is selling at. So long as you KNOW WHEN it will reach low or high levels you can buy or sell and make money. When the Forecast indicates bottom at a certain date and stocks decline, you should buy the ones given as in strong position or the ones we recommend buying and place a stop loss order 3 to 5 points away according to the price the stock is selling at. With stocks that active and have wide fluctuations, making tops and bottoms. While all stocks will not make tops and bottoms around these dates, some of the most active ones will and if you watch the ones that turn around these dates, it will prove helpful in you trading:
April 3rd, 9th to 10th, 13th to 15th, 21st to 23rd.
Camarilla Update:
Trading Below
Below L4@5525
true master..
if its the 3rd wave from 5755 & is sub diving .. then tgt are 5245 & lower !
is it looking pattern of fall like on 3rd April?
Hi Shriram
SBI and Infy are done for
5498.30 is S3.
yes Parimal,
kicking myself, missed this fall opportunity today tho on infy :-(
Sir,
will you update 3 pm TT pl?
Thanks & Regards.
Infy support at 2740 ..
Hi Shriram
same for me as i am focusing on Nifty
Sensex trgt give by an expert in Oct12 is 16400
Parimalji,
not understood of Sensex.
sorry for asking to mouthfeed but master are u planning to create a fresh short and ur views regarding the same as weekly lead indicator wud be in deep oversold zone and is in very much zone where it cud create a bounce.Advice needed.I usually buy when weekly hits rock bottom.on lead indicator
Sir,
Can I create conservative short here with SL 5550 NS ?
Hi Hitendra
a renowned expert on EWP has given the trgt of Sensex to go to 16400 level. he observed this in Oct 12 itself
Camarilla EOD Comment:
Modified H4@5572 (derived H3+20)
**Aggressive Trader**
H4 Buy@5572
Partbooking@5592 Lot1: +20
TSL@Breakeven Lot2: 0
H4 Buy@5572
SL@5552 : -40[for 2 Lots]
H3 Sell@5552
Partbooking@5532 Lot1: +20
3.10PM Square off Lot2: +52
Total : +52 Approx.
At the Worst Case Trader could have
booked 30pts.
**Safe Trader**
H4 Buy@5572
Partbooking@5592 Lot1: +20
TSL@Breakeven Lot2: 0
H4 Buy@5572
[Ignore This 5mins Candle Not Closed Above H4]
WRB in 30mins also gave doubt to accept!
H3 Sell@5552
Partbooking@5532 Lot1: +20
3.10PM Square off Lot2: +52
Total : +92 Approx.
In the Worst Case Trader could have
booked 40pts.
CMP(5489.65) Below L4(5525) SELL Continuation.
Tomorrow Hopefully We can SELL@H3.
Rest after market open. Bye.
Thanks Parimalji,
16400 in this year - may be election factor.
@ Billgates,
Nifty's sell on rises reached 5585 & then 5603 (Between WLEma & MLEma @ 5602-04)
Nifty broke below 5555, a sell signal.
Nifty broke below 5540, another sell signal.
"Sell on rises have been happening" regularly.
Once the higher T/F trend is 'accepted", the trader will start understanding the short term fluctuations.- This is the basic essence of trading.
avg close based on 30sma , i min, is 5501 and falling, most likley below 5500 and for sure looks like closing below 5511 levels
Sir
nifty has done 1.618 of the entire rise from 5634 to 5603. and most probably done for the day.
goodbye all
What a free fall in SBI :)
Avg close now at 5595.
1) 50/100 weekly ema c/o today.
2) firmly closing below 50 week sma, also below 233 dma
Post a Comment