Approaching Market With Elliot wave Analysis

posted by saamuu on Fri Jul 20, 2012 04:41 am

dear ksbrs not mentioned the purple color c wave is not impulse, but the aqua color is gone impulse wave1=5222.6-5186.2=36 pts wave3= 5208*138.2% exactly 5256 wave 4=exactly 24% of wave 3, fixing perfect with waves with rules,yes it is impulse in that structure,kindly u also calculate ,and kindly u also post ur charts so we can tweek it

posted by ksbrs on Fri Jul 20, 2012 06:21 am

dear sir, would count like this 5169-5202 as a 5202-5185 as b 5185-5222 as c or w 5202-5212 as x 5212-5257 as ya yb in progress 5257-5238-5256-5232 as flat and yba 5232-5252 as ybb 5252-5222 as ybc this yc can max go to 5211/5212 yc to follow up with min 53 points equal to w or max 86 points 1.618% of w

posted by saamuu on Fri Jul 20, 2012 06:49 am

can u post in charts this count? and also and by the way x wave appear in corective phase ,i dont get what u conclude

posted by saamuu on Fri Jul 20, 2012 06:58 am

today we got some points, recomended to short below 5230 for 5202 low made 5197 i have covered half position (30 pts)and running balance with trail, the force of the downmove sugest b wave over,lets see which one going to brake 5169 or 5258

posted by saamuu on Sat Jul 21, 2012 10:38 am

jubfood looking hot, buy cmp 1263 targ 1345/1400 if u hold for 36 days then targ is 1530+ stop 1190

posted by saamuu on Sun Jul 22, 2012 06:24 am


posted by xxxx on Sun Jul 22, 2012 08:01 am

Thanx sir,for the much awaited update,if fall from 5348 to 5169 is 1(A) then retrechment B to 5278 (61%)of the fall should be met .after initial bounce to 5245 moved back to 5202 so complete of B is question.Pls guide on the count

posted by saamuu on Mon Jul 23, 2012 02:17 am

patient paid well,we are runing short very patiently, today droped 122 pts from short level, as planed reduced the stop 5350 to 5260 hope we cover at our supp level in an day or two 5084/5074, c wave going in impulse or just an abc is still an doubt, tmrw opening itself we got it then we cover,else we will get one more chance to initiate an trade,

posted by saamuu on Mon Jul 23, 2012 04:26 am

its no doubt rusa,on friday itself on seeing the move posted b wave over,once u got practiced ew then u will predict before itself, for an beginer the clue is 5169 breaks then confirmation of wave b over and c already in progress

posted by ksbrs on Mon Jul 23, 2012 05:25 am

Dear sir, in your counts on weekly nifty both iii and v are extensive can we hv both extensive waves in ew counts

posted by saamuu on Mon Jul 23, 2012 10:56 am

u mean to say extension ?

posted by saamuu on Tue Jul 24, 2012 01:26 am

may be truncated 5th, beautifull 61.8% ,need an small confirmation for that .lets see tmrw

posted by ksbrs on Tue Jul 24, 2012 02:30 am

SAmmu sir, truncation is a five wave structure and move from 5139 is not a five wave so its not truncation but expanded flat,considering c3 over at 5108 and doing 152% of c1 ideally should hv posted 5097 . c5 to post 5057/5048 ie 162% of c1 once c4 is over at 5197/5216 being 38.2%/44.4%

posted by saamuu on Tue Jul 24, 2012 03:29 am

ksbr we were talking in hourly chart,pls post chart then its easy for me to identify dear,in hourly perfect 5 wave pattern,thats is why sharp reversal

posted by saamuu on Tue Jul 24, 2012 07:15 am

we can do 2 things .either cover short 5125 and recreate on 5156 range, or hedge with mini nifty and book long at 5156 contine shorts,now we know where to cover, either at 5260 or 5084

posted by Shirish on Tue Jul 24, 2012 08:15 am

ksbr we r indeed discussing hourly chart. And quite frankly your lvls r complete bonkers for me without a chart. Pl post ur counts for the benefit of all. :?

posted by Shirish on Tue Jul 24, 2012 08:26 am

Here is our count. Image

posted by saamuu on Tue Jul 24, 2012 09:16 am

5127 now ,nifty not giving fast moves as expecting. and some buying happening in puts ,book long in mini hold shorts

posted by saamuu on Tue Jul 24, 2012 10:12 am

banknifty start booking profits 10258 ,we where short running from 10655 ,now update stop for balance position at 10560

posted by saamuu on Tue Jul 24, 2012 10:13 am

397 pts gain till now

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