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...
50 comments:
--> back
Tks Satheesh,
Nice EW labels .. seems good.
the WW pt 1 is still a prob .. so i will prefer to look for EW tgt "c=a" FLAT to 380-85
"6128" would be a key point for immediate bull/ bear tussle.
Dear sir,this upmove from 6106 looks like C wave.am i correct?
@ shriram,
c=a flat target is the same as the Wolfe wave target - 380 :)
NS down under day's pivot @ 6146.
For the 2nd time took support @ 6095-6112 cluster i.e.S1 for aggressive trades.
Strength above Hr 5Ema @ 6122 & Next Hr. JNSAR @ 6126 & Hr Hema @ 6128.
Weak below Hr. Pivot @ 6117 & Hr. Lema @ 6112.
yes, but is this a WW is the Q , for the acad-inclined :-) jus kidding pls :-P
@marina s rao,
very useful Hourly update, my thanks and regards..
6119 6116 ... is 38%-50% retrace of the last rise from …6106 to 6127
80% is - 6110
If strength to return again, it should be around 6119 6116
Weakness gets confirmed Below 6116 OR 6110.
ThanX DAD ji & Shiva ji.
Still a long way 2 go.
The woods are lovely, dark and deep.
But I have promises to keep, and miles to go before I sleep.
Robert Frost
if a intra FLAT is done, we may get C now down to 6100/6070 ?
Dear Sir, If nifty closes somewhere here will it qualify as Evening star in the daily chart. If time permits pls suggest
At last we have a new day low @ 6100.15.
Will this time cluster @ 6095-6112 withstand NS's fall ?
Only time will reveal.
45 minutes 2 go.
6110 6113 ... is 38%-50% retrace of the last fall from …6127 to 6100
61.8% is 6117, 80% is - 6122
If strength to return again, it should be around 6117 6122
Weakness gets confirmed Below 6113 OR 6110.
6100 Shhhhhhhattered............................
yup, does so ... 6068-75 NS is the prev 30min Congestion zone
The whole day has been talking and now @3.00pm nifty trending
Everyday gambler doing these type
Support @ cluster 6095-6112 changing it's role as Resistance.
6080 waiting 2 provide support 2 NS in it's next fall.
volumes seem to be even lighter..whats going on??
@ Chetna: corrective ZZ ;-)
Latest day's low @ 6088.35
Today's JNSAR @ 6064
Tomoro's JNSAR @ 6074.
Evening star coming up on daily charts.
@ shriram,,,volumes mein bhi corrective zigzag???
NS Half-a-Century below day's pivot @ 6146.
Broke support @ 6095-6112 cluster i.e.S1 for aggressive trades.
Strength above Hr 5Ema @ 6117 & Next Hr. JNSAR @ 6123.
Weak below Next Hr. Pivot @ 6112 & Hr. Lema @ 6108.
dear iiango sir nifty not below 6073 can long... start of 3rd wave...on up side...
plz ans sir...
@ Chetna : Hey ram... nai, fall on low vols + waveform = suspect corrective ZZ !
GA Ilango sir,
Sir bot put of 6000@19 in morning. Morning high 23.80 NS@6106 but still not crossing as NS fall to 6088.Don't understand the reason.
Sorry 6050 put.
Nifty is glued to the 10 & 12 EMA
@shriram,,,aap bhi "hey Ram" bolte ho,,ajeeb nahiin lagtaa....mirror mein se awaaz aaye---"aaya ji"
Wow,
Nifty coming down 6088 from 6122
but BN not coming Down
Closing will be below DHEMA/ DEMA
Trading range for tomorrow...
(unless weekly trend asserts).
dear sir week trande start....?
@ dv pandit ,
"Writers" must cover for the PE to gain; With only 4 trading days left, they feel there will be only correction and not a fall OR 6000 will hold even if there is a huge fall.
5-3-5 almost done.
NF premium has increased to Rs. 18
NS now in Sell on rises mode.
6080 r u willing to play as Night watchman ?
NS latest day low @ 6086.45
Thanks a lot Sir.
yes sir but start of C now this leval...?
"6073"-50% is the number to watch out tomorrow.
@ilango sir: since 6103 is broken, can we carry short position forward for 6045 or so ? or it better to consider the current move to stop @ 6084 ?
6160-6106=54
6127 - 54 = 6073; also 50% of the rise from 5985 to 6160. And JNSAR.
@Suja tai ka "Cat on the wall"....:):)
@ ilango sir :: got the message ! thank u
@ Ilango Sir / seniors - Is there an Evening star formation...?
thanks sir...
Dear Ilango Sir and friends,
I'm a newcomer to this blog, I have been reading the blog for sometime though. I'm trying to get my hand on trading. The only experience I have with trading is making some losses in past :).
At last I decided to learn the art of trading instead of just jumping in & out and trying to read EWP & other TA books.
However, I'm delighted to acknowledge that this blog is much more than the books and I have no words to praise Ilango sir's wisdom. (just can't imagine the way you have the market in your mind, Sir! today's 54 point ABC correction forecast is just an example!)
Sir and friends, please don't mind if I ask stupid questions, I will be honored to get replies/guidance here.
Thanks,
Nanda
@ NandaKumar
Only making focus on JNSar daily/weekly/monthly
and Its TA
Don't Use Hourly TA for Trade
@Prithvi Raulji... I have been reading past posts on JNSAR and wanted to try that. Thanks for your kind advice.
Post a Comment