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...
57 comments:
JNSAR very near.
@ shriram,
Done.
The way it is going down.... we might be seeing -100 in nifty today...
JNSAR saved for the time being
Master,
Tks so much :-)
Hr TT turns full RED.
NS touched ND Sir's ATR Buy Zone
Dev. month pivot @ 6036
Week pivot @ 6025
Mynac sir
Nifty did 90 110 and the st day trend up has hit the week 5 ema and is now trying to resume the week and month LT trend.
TT suggesting bounce may be over.
As u always say
Let us see
Sir ILango ji the red arrow marked in the hrly indicator is OS anddue to the break of trendline . kindly update thnx
@ amber,
At 3.00PM yesterday, the hour 35D, having stayed in OB region for many hours, turned down and closed below many key Hour averages; hence, the red arrow was marked for aggressive traders.
Hi marina,
we r waiting for jnsar to short.....right?
Respected Sir
Good Morning
Both the JNSAR hit on short side BNS 10245 & NS 6047 ..this rarely happens..
Good Morning All
Good morning Sir and Team here!!
Now JNSAR levels are holding the market..let it cut..we can short aggressively..fingers crossed
@ Ilango Sir,
Sir, 5 waves completed at 6040 from days high?
JNSAR hit.
Bear's Day Out started.
OI specialists,
Watch out for 6000 puts...still OI is increasing..If FII bought those during previous weeks, now the unsuspecting put writers are in for a rough ride...5850 should be seen for those FII ( put buyers) to make money in 6000 Feb PUT.
Really it is interesting time.....
Hi GV.
JNSAR now in short @ 6047 NS.
Stop loss @ 6027 NS.
Sorry.
Stop loss @ 6067 NS.
Sir thnx very much
For JNSAR shorters @ 6047 NS.
Stop loss @ 6067 NS.
@marina
thanks ya... i did so...
6067 is 50% of today's fall from 6094 to 6040
6065 is 38% of recent fall from 6107 to 6040
So JNSAR short with a filter of 20 points looks interesting. However, Nifty still in ND Sir's ATR Buy Zone.
Dear sir,pls give your view reg whether the completed correction is 2nd wave of the fall started from 6359 or the 4th wave of the fall from 6539.thank you.
Morning Everybody,
Though JNSAR triggered short...don't know ,but the fall looks untimely,so feeling is there that is it trap? The market itself is the best answer.. Let us see...
Now, 6077 should be resistance ?
still 6030 to be breached for confirmation of weakenss - lower end of rectangle/range.
Lets see. Volumes are back with 20 Lacs NF tradedt till 955 and 40 lacs by 1030.
SAR hits for from JN and J10.
Will the range finally resovle and 4th up wave / corrective bounce be considerd over ?
Lets follow...
koi intensity nahi, ye failed trader hai aur sirf murge fansane ke liye mooh maarta rahta hai yahan..
dear seniors.. I am still holding one long position of JNSAR, with s/l 6027, is this correct..?
regards..
Thursday, February 13, 2014
Nifty Pre-Market View.
1. To continue this pattern, prices must move up holding "6077".
2. Prices have closed below the "rising pivot @ 6089", a clear disadvantage unless emergent buying happens.
3. Resolution from the sideways market has eluded for so many days and the day technicals are at OB zone and vulnerable; the strategy of a sideways market continues..
=============================================
If, after the above observations which are plain objective, a trader is unable to make a trading plan and execute it, he/ she must introspect.
And not look for "more studies"........
@all,pls read it as 6356 instead of 6359&6539.
Bearish:
6061 6067 ... is 38%-50% retrace of the last fall from …… 6094 to 6040
80% is - 6083
If weakness is to return, it should be around 6061 6067
Strength gets confirmed above 6067 OR 6083
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6105, S1-6084, S2-6068, VWAP-6072
Huge addition at 6100CE has changed the bias of the day to Negative, Sell on Rise till DVAL at 6093NF is not taken out…
Thanks & Regards
Its a sideways market....trade the second lot with one of the tools available....:):)
HDEMA <> LDEMA is the simplest of all...:):)
thanks. SBSB, sir..
Namaste Sir and all,
CLICK HERE tatamotors day Update
CLICK HERE Tatamotors Day chart
@Shiva,
Thats an interesting situation you have mentioned. Pure SAR followers may face it.
Am also waiting for comments for this.
But if 6027 is breached- it will also breach the remaining support levels and your shorts/ reversal of longs will confirmed by breakdown also...
However, on 2nd thought, as I recall the filter of 20 pts should not be applied today since its meant for 1st or 2nd day only to "allow the trade some space", as Master puts it.
So as per system, you should reverse on breach of 6047.
yes. Anand ji.. I have put s/l at 6027, and short ...wrt NS..
Aggresive Intra bounce possible,.. reason -----+ve divergence is seen in 2min chart...but not in 5 min.. so take care...
@Shiva
I believe you wish to say that S/L is at 6067 (For shorts triggered at 6047 NS). Kindly refer to some other post above as well from seniors.
Just to correct so as others do not get confused. All the best for disciplined trading.
NAMASTE ILANGOJI
IN DAY AND WEEK TABLE IF TIME PERMITS PLZ CHANGE THE LOW LEVELS OF TODAY
@Anandji, s/l for short jnsar became 6047+20 = 6067.where is the doubt ?
@GK, if intra day bounce is possible, can you point to what levels can it go?
good mrng everyone
whats the sl for bank nifty using jnsar
Last time there were Whipsaw's in JNSAR>> so this time we can expect trending moves, if all goes well with "FULL MOON + VALENTINE DAY" special show tom... :)
Dear Ilango Sir,
I have a query with respect to the current labels. c seems to be only 0.33 of a if b ends at 6059. Is ti possible to have such a small 'c' compared to 'a'?
a small bullish WW may develop in nifty charts
ns may have formed pt 4 near 6048.XX
may form pt5 near 6035
then may move up for trgt price of 6060 +/-3
@RT,
We don't get updates on BN here.. But DR used to tell SL is 50 pts for BNF.
Check again and be sure for that part. All the best.
Dear Ilango Sir,
I have a query with respect to the current labels. c seems to be only 0.33 of a if b ends at 6059. Is ti possible to have such a small 'c' compared to 'a'?
Master,
Can we label fall from 6107-6039 as 3 waves:
Wave-a: 6107-6084 (3 sub waves)
Wave-b: 6084-6096-6077-6094 (irregular flat)
Wave-c: 6094-6039 (5 sub waves)
Is my EW count correct ?
@ Aly ,
I have seen so many such small "c"s in the recent past. Refer the Day Lead Indicator chart in EOD post.
When we see quite OB readings in Day and week continues to dominate prices, such things happen.(same in day/ Hour combo).
Hence, we suggest to monitor the "last rise retrace" to be well prepared. Yesterday, it held 6077 while today it broke.
Day low @ 6038.75.
Dev. Month pivot @ 6030
Week pivot @ 6025.
@ marina,
I know many things are possible and the nifty may indeed turn back from pivots that you have mentioned. But my advice would be to focus on trend which seems to be down as of now (after breaking thorugh 6077 and 6047 (JNSAR). If the downtrend is severe, it will end up breaking all supports
New Post Done.
respected sir,, why not count like this? i mean if it some how is invalid?.
5933-6048 as A , 6048- 5965 as B and 5965- 6107 as C doing 1.25 times A doing a zig zag...
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