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...
42 comments:
Thank you Sir for clarifying my doubt.
respected llango sir thanks for explanation and guidence
Master,
If it is 3(i), it appears it has not yet finished. The current wave may retrace upto 5540-55 and then probability of a dip to a new low exists before this wave completes.
Regards
@ ilango sir,
few days back, you cleared my concept on 'retracement strategy'. i have one doubt that how to identify 'high' and 'low' in respect of various time frame.
thanku sir
Now upmove again to 5520/23
ilango sir
5 done from 5721?
attempt aggressive buy here?
Dear Sir and Blogmates,
I am back again to declare 500 points completed by JNSAR.
One of the best trades in recent times.
Though down trend is still strong I wish to book out. It is not advisable to book out before JNSAR long hits, but then very rarely do you get 500 points. Just need to Savor the moment. So out of positional trade. Lets see how intra works now.
Thank you for this excellent system.
From 5553 to 5487, a 5 wave is done.
Only if 5540 is breached, we could say a 5-wave done from 5721.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5603, S1-5517, R1-5660, VWAP-5543
Semblence of support building up around 5400 level, evenly matched for the day with Nifty Future range of 5500-5600 for the time being…
Thanks & Regards
it is celebration time for jnsar traders :)
Sujatha is facing Master Ban or self restricted?
@ varun kumar,
EW helps; Channels in small T/F helps;
Trial & errors lead you to experience and that would help;
Support & resistances by way of "Price clusters" in the chart help
in identifying potential "Highs & Lows".
Above all else, objectivity helps.
Truly celebration time...more icing on the cake expected.....:):)
Master - JNSAR has given phenomenal returns this time! Absolutely outstanding!!!
Since it is in 5750 area currently, could you please give a profit booking area... may be reselling can wait for sometime (my guess).
Nifty bounces 40 points from ND Sir's ATR Buy zone
@itradeforprofit
ND sir's ATR is good ,but also combine with master's study
Especially with EW target and trend
a small-ww may be developing
may have formed pt4 near 5509
may move up towards 5545-50 range near 12.20pm
and then may dip towards 5495 again near 1.30pm
@all
Anyone have ATR calculation excel file than please send me on my mail
Namaste Ilango Sir & JN Family
If BNF 9820-9802 is held, there is a possibility of intraday upmove
5551 to 5488= 63 * 50% = 32 =5520.....
5551 to 5488= 63 * 61% = 38 =5526.....
today rise seems sustaining.....
5503 ..was CAM L3
5488 was S1
Stock4sure target is 184% & upto ?
respected sreeram sir is this progessing wave fon intraday 5 wave done and this is correction wave c developing
Now the last downmove may play out targeting below 5477
let 5540 cross......5580 ?????
5583+ NF might catch fire though there is a high volume sell figure on around there
GOOD AFTERNOON SIR AND BLOGMATES
NIFTY BRACHED 5540. IS END OF 5 WAVE FROM 5721 TO 5487?
New Post Done.
if BNF manages to move above 9893 & sustain, then it may try to reach 9922-9950
Stock4sure target is 184% & Max upto ?
High caution zone 5570-5600 NF
Stock4sure point 5 target is 184% of hight of 1-2(one to two) ? How much extra is possible ?
Wolf specialists are mum!
Rising wedge / wolf channel broken
SIR thanks with you EOD.
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