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...
49 comments:
GM Master & JN Family,
Have a gr8 day!
Must listen to this....
http://youtu.be/qHWzN0E8wj0
GM sir nd friends :)
what is the 'muhurtham time" for RBI policy??? anybody pls.
POWER - warmmmmmmmmmm welcomeeeeeee :) how r u .hope all is well release one of the medium size bear atleast..
PS : higher the rate - -ve ness - lower the rate +++ve ness...status quo??? :P
Have a good roller coaster day :)
@suja
11 am
@ Sujatha
10:45 - 11:00 am Muhurtham
11:01 Yamagandam???
piyush ji,
invest bulls not working today.
Sujatha--- nan odhingikalam nu ninaikirean... Indha Roller coaster nammo odambuku othukaaadhu..
piyush ji
Invest: Network problem to reach server, we are working on it. service will be started as soon as possible.sorry for the inconvenience.
Good Morning Friends & Blogmates,
In my view, the technical will overrule anything. So even if RBI reduces rate, market may sell off if it wants to be. and if market wants to go higher, it will rise inspite of rate increase.
As of now, the technical favour Bulls. Things may well change in next 1/2 hr / 1 hr
@vksoni ji,
thanx. got the same msg from then few min ago. even their website is not opening today.
trading < Dev.DhiEMA & 68CE adds > 8.3Lacs intra.... Double Top done @ 6730 ??
thanks for the timing :)
guru - mm..that's y i asked..wants to stay at that time..mkt is always there..mkt nenappu - "eva ivvalavu adichalum thangavannu...ha ha naan odhuginten illa " accumulated some puts..let us see
any dhamal, dhumeel..comes...
Day Low : 6685.65 Day High : 6732.25 Hr. Pivot : 6710 Day Pivot : 6699
NS hits All Time High @ 6732.25.
NS below Big Round Number (BRN) @ 6700.
Also below Day Pivot @ 6699.
Strength returns above Hr. HEma @ 6713.
NS in SOR mode till above Hr. Lema @ 6683.
Below 6683 NS mode changes to SAH.
5 Min. RSI in Oversold Zone.
NS Yo-Yoing Continues.
For learners sake :
BAH = Buy And Hold BOD = Buy On Dips
SAH = Sell And Hold SOR = Sell On Rises
Seniors. . What will be the impact of rates remain unchanged?
Ilango ji: good morning.
yesterday i followed a discussion on IDFC having done a impulse 5 at 129 and might have been settle down at 108-116 for now. Is this interpretation still valid as i see a spike up in prices happening just now? please clarify if time permits.
"6693" = DHEma and Hr JNSAR for last few hours.
If prices are contained @/ below 6711-16 zone and breaks below 6693, Intraday weakness starts.
Besides, the opening fall is followed by an irregular correction, if prices are contained below 6725. And irregular correction for falls is bearish.
Keep these pointers...numbers for the next 15 minutes.
@SKS
Yamagandam: 09:38:21-11:10:32
looks 6600 is getting strong support base for now. any dip will get bought.
@SBSB
I meant is it yamagandam after rbi annoucement for the mkt!!!!!!!!!!!!!!!
not the actual yamagandam.
@ Karthik,
Every fall is accompanied by a corrective rise. As long as this corrective is limited to 125-126, weakness would continue.
123.1 124.4 ... is 50%-61.8% retrace of the last fall from …… 128.65 to 117.5
80% is - 126
If weakness is to return, it should be around 123.1 124.4
Strength gets confirmed above 124.4 OR 126.4
Rates UnChanged!!!
RBI will not matter over the medium term for the next two months...:):)
Bottomline is Namoish/Bullish....
Only election results will decide in May ....so Dhamaka or Phuski in May....:):)
Thank you sir for taking time. Will keep a close watch on the levels.
Rates unchanged? RBI news came out?
Sheer madness in BN!
Welcome Nimesh bhai.
7 or 83 whichever goes first
hi PT. what's up?
@master
nifty remain in range i.e. 6693 and 6711,6725...now?
thanks.
it means no correction at all. mkt will zoom zooom and only zooom. but i am not bull. Though gave some looses by shorts. but not convinced by going long .may be bigger sharper fall awaiting. lets see. hats off to this manipulated mkt.
68CE OI now > 10Lacs
Hi Master,
Counting from 6644, can we say that keeping below 6755 (appx), five waves completed and above 6755 some sort of sub division is happening.
1. 6644- 6730 (86)
3. 6663 6732 (69)
and 5th counting from 6686 +69 (6755).
Is this the correct approach?
Pl. reply as leisure.
Thanx
NK
correction "as" read as "at"
3rd candle (in 5 mins chart) is not promising for bulls....
3rd candle after annoucement..
Dear ilango sir and friends,
Just got This quote :
On the 1st day of new financial year, clear all previous accounts of Anger, Hurt, guilt, fear, disappointment & start your new year with Happy & +ve Mind...
@gauresh....Beautiful...:):)
@ NK ,
Definitely not correct.
@ NK,
The price behaviour from the lows of 6483 is not clear to monitor sub-waves. It is upto the individual to choose.
Hence, I have opted for "last rise retrace" to understand weakness.
Simply following, from the lows of 6483, market has done 250 points.
34 Hr sma+ channel bottom is around 6645-55 which will tilt it down for the next few hours.
@master
is that possible that yesterday high 6730, we only complete the 5th subwave of 3rd only? from there on some kind of 4th wave running....6730-6662-6732-xxxx?
OR simply the 5th subwave of 3rd still running till EOD closes above DHEMA?
thanks.
Ok, master. Thanx for the explanation.
I need to study more, I think.
Thanx a lot.
NK
@ anmpatel,
As stated earlier, the sub-waves aren't clear.
21 Hr sma has supported this rise from 6483; hence, closing below it would be the first signal of weakness, followed by 34 Hr sma/ channel.
As long as these hold, uptrend would continue with corrections.
Once these levels get broken and prices close below DHEma, "Sell on rises" would come into play accompanied by profit booking.
ankita - i strongly believe it will break DHEMA + then JNSAR - then JN will give 100+++ atleast
@ NK,
Look at the shape of your 1234 counting...and look at the normal EW-12345 and ABC
pattern.
You'll see the differnece.
@master
thats ok....in bar chart or normal candle stick chart waves are not clear...
just have a look at HA daily candle chart,
I tried to label as yours.
http://prntscr.com/35zt4d
todays HA open-low same till 6673 is saved....and till it close above tom HA open level(6694) at present provided no new low made....it is BULLISH only.
lets see market ko kya karna hai!!!!
Thanx master. I realise my mistake.
Thanx once again.
NK
TISCO updates :
Falling Wedge brkout from 332 having achvd T1:392 ysday, seems to be in a up-trend
Tgts T2 : 403-410 & T3: 420-35
@Sujatha Ma'm: Do you mean break of 6693 spot will give 100+ pts downmove?
New Post Done.
@Shri.. awsm pattern based trade.
But bo was from 362 or 332? At 332 it made new low abs on 24th March closed above 362 giving falling wedge bo.
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