Approaching Market With Elliot wave Analysis


posted by saamuu on Mon Jul 09, 2012 10:15 am

#141
trailing the stop for short 5280 and buying placed 5245 either things comes we can initiate the trades,at 5245 ranges taking long nifty in parts or abv 5280

posted by saamuu on Mon Jul 09, 2012 12:00 pm

#142
nifty still strugling to pass our trail stop 5280,lets runn till the levels not broken

posted by saamuu on Tue Jul 10, 2012 04:51 am

#143
thanks sunil and ajit, @rusa daily still thinking 4th wave down running in wave 3 of 3 then only abc down expecting after complete of wave 5, if possible post ur chart with counts then i can understand what u trying to say

posted by saamuu on Tue Jul 10, 2012 07:15 am

#144
soon wave5 going to complete for 3rd wave,near 5388 book longs and 2 things we can do 1.wait for sell signal and short, 2.those willing to sacrifise 50 pts which we gained can do shorting near 5388 with stop 5437 1st targ 5255, rising wedge in red color gives the clue for 3rd wave over,

Attachments

NIFTY11.7.12.png

posted by saamuu on Tue Jul 10, 2012 08:01 am

#145
yes nifty abv 5280 gave reversal,very nice 5 wave moves in 5 mins chart,5318/27 is posbile area for wave 5 in 5 mins, positionaly nifty heading to 5398,now long stop 5250, we have booked shorts for 60 pts and now longed abv 5280 cmp 5306 book half longs near 5318/27,re enter at low break of 5250 only we change the counts till then play long with levels

posted by saamuu on Tue Jul 10, 2012 10:23 am

#146
patient paid us.booking parital longs at 5318,now we can play for retracements abc

posted by saamuu on Tue Jul 10, 2012 11:00 am

#147
nifty fired up and trading for main trend.5347 now,heading for 5398,till now 68 pts ,after a long time we gained 130 pts in 2 trades

posted by saamuu on Wed Jul 11, 2012 08:10 am

#148
infosys update,. breakout level in future 2550/2412 ,so it will be in the range of 2541 to 2420,trading the range is better setup,also can do double trades on breakouts,

Attachments

INFYUPDATE11.7.12.png

posted by saamuu on Wed Jul 11, 2012 11:30 am

#149
infy came to buying area 2451 low made 2461 and bounced to 2510 .50 pts move ,from there hfe apeared fallen to 2469

posted by saamuu on Thu Jul 12, 2012 04:50 am

#150
NIFTY TRAIL stop for long is 5277,initiate rebuy near 5282 with same stop,and no trade zone between 5250-5277 ,sell only below 5250 for targ 5231/5195/5159, i am holding half long with tight stop

posted by shanu on Thu Jul 12, 2012 05:41 am

#151
THANK YOU SAAMUU

posted by saamuu on Thu Jul 12, 2012 08:28 am

#152
we stick to 5188 for first trade, an alternate of extended 5th wave,wave compltion area is 5127, so stick to short till 5188 on break of that again we will do short for 5128,in the mean initiate long near 5188 take risk of 15 to 20 pts on long side, if this upmove is going to be b wave then we exit before 5348 and again will do re enter short , dont bother to loose 15 pts,if we are at right track then we gain more, as ew sugest today break of todays low only selling,hope we get chance for selling at high again resistance line up 5264/5318 supp line up 5188/5127

posted by saamuu on Thu Jul 12, 2012 08:52 am

#153
delivery buy godrejind abv 254 cmp 251.9 stop 235 targ 274/280 holding period 25 days

posted by saamuu on Thu Jul 12, 2012 09:14 am

#154
opening was below 5277 so booked long and shorted below 5250 ,now booking half 5225 (25pts)and trailing with stop 5264,covering area is 5195

posted by saamuu on Thu Jul 12, 2012 09:47 am

#155
infy have listened to the chart we posted on weekend, stop for short is protected 2550 made 2502 and from there fallen to 2219 our stop is 2198 and bounced closed at 2265, both ways protected and moved in the said range 283 pts on short and 54 pts on long and going on,

posted by xxxx on Thu Jul 12, 2012 09:48 am

#156
Saamuu Sir,any chances of quick reversal from 5200 levels by EOD ??

posted by saamuu on Thu Jul 12, 2012 10:32 am

#157
wave A seems completing cover balance position now 5242,nifty have chance of going up from here to 5267/97,intraday players can take long position and book at 5265,stop is days low

posted by saamuu on Thu Jul 12, 2012 12:03 pm

#158
world market are moving red.as EW sugesting to sell only below todays low or at 5280 range,so we will wait for the event to happen,

posted by saamuu on Thu Jul 12, 2012 12:26 pm

#159
delivery call ioc made today 274 ,still doing well even in this down market,

posted by saamuu on Fri Jul 13, 2012 09:26 am

#160
delivery call ioc made high of 276/ and geting lots of buy call for denabank ,we picked the counter at 100 last week itself cmp 104


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