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...
24 comments:
Day Low : 7886.50 Day High : 7935.35 Range : 49 Points Day Pivot : 7843 Hr. Pivot : 7917
NS Three Quarters of a Century below OK ( Octa Kilo = 8000).
Currently hovering around 7929.
NS above Day Pivot @ 7843 & above Hr. Pivot @ 7917 indicating bull rise.
NS in BAH mode in Hr. T/F & BOD in Day T/F.
Strength continues above D Ema @ 7909.
BOD = Buy On Dips
BAH= Buy And Hold
bulls punched bears
further highs possible once europe opens up
puts being added at 7900 levels,oi up by 20%
Followers of JNSAR :
Day Low : 7886.50 Day High : 7935.35 Day Range : 49 points
NS trading just below TODAY'S JNSAR @ 7954.
NS trading Half a Century above Hr. JNSAR @ 7854.
Continue SHORTS INITIATED on 30th Sep by reversing Longs @ 7991 with part booking /
comfortable trailing SL.
NS currently hovering around 7930.
Note :
Strict SL is a must for all trades whether Short or Long.
NF filled the made on 07/10
Shri, thanks for teaching new perspective in ww identification.
But, if we consider ABC may have been done at 7815, then cant we say that forming new highs is the probability? If yes, then this +ww might be the probable one.
I am not gonna trade based on this as clarity is not thr but would like to know ur perspective on above.
Also, falling wedge is also there with bo above 7941..lets c
GM Master,
earlier u used to mention FII figure of buying & selling, but this week not mentioning FII selling Any specific reason
@ Prabha: ABC can be Larger "A" also na.. in that case wot is the % prob. of seeing New highs ?
See, this is a major draw-back of EW, it plays with the TA's MIND like no other model !
Hv to work wid multiple labels @ all times, yet remain alert to the Best one...
so relax & trail ur longs with a suitable MA now, esp if ur a OTM PE writer :-)
Yup agree Shri.
Booked out of longs just now and may enter again to for falling wedge.
Thanks
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7890, R2-7954, R3-8018, VWAP-7963
A Gap-up above VAH has changed the scenario with the Bulls in command for the day, though Weekly VAL has resisted for the time being, Weekly VWAP at 8005NF is huge resistance
Thanks & Regards
a bull flag on 5 min charts?
''Bcoz for a H-prob +WW, pt1 shud be an EW w4 of prev. Impulse or w1 of Prev ABC (for a Bullish reversal)''
@shriram , can u elaborate w1 of previous abc?, i cant picturise it.
If I want to study more on JNSAR and want to learn how it is calculated where should I look? Thanks, Bhavin.
Now realising why NF premium went so high at late hours yesterday
@ Piyush : JN groups par lambe choude mails post kare hein, 5-6 mahine pehle, wid pic / label illustrations.. thoda search karna, live trade mein nahi hota
fight going on at 7925 ,mentioned by master in pre market view
Day Low : 7886.50 Day High : 7940.70 Range : 54 Points Day Pivot : 7843 Hr. Pivot : 7932
NS Three Quarters of a Century below OK ( Octa Kilo = 8000).
Currently hovering around 7922.
NS above Day Pivot @ 7843 & below Hr. Pivot @ 7932 indicating trading mode.
NS in BAH mode in Hr. T/F & BOD in Day T/F.
Strength continues above D Ema @ 7910.
BOD = Buy On Dips
BAH= Buy And Hold
ok shriram
Followers of JNSAR :
Day Low : 7886.50 Day High : 7940.70 Day Range : 54 points
NS trading below TODAY'S JNSAR @ 7954.
NS trading Half a Century above Hr. JNSAR @ 7862.
Continue SHORTS INITIATED on 30th Sep by reversing Longs @ 7991 with part booking /
comfortable trailing SL.
NS currently hovering around 7922.
Note :
Strict SL is a must for all trades whether Short or Long.
NS hovering around 50 DMA @ 7912.
dear ilango sir nifty Hourlyclose below 7921 berish...? 34hsma..?
New Post Done.
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