Approaching Market With Elliot wave Analysis

posted by saamuu on Fri Jul 13, 2012 12:00 pm

chart was right never went pass andrew line whole day,we have applied mind and waited for second target to short, now missing 40 pts ,what we have to do wait for breakouts,on top 5288 on low we know yesterdays low should break for breakouts,



posted by saamuu on Sun Jul 15, 2012 07:46 am

weekly analysis for the week 15.7.12

posted by xxxx on Sun Jul 15, 2012 08:19 am

Thanks sir,for the update like allways short term longs only above and close above 5260 and 5320 but looks hardly possible VIX possible indicator ??

posted by saamuu on Mon Jul 16, 2012 04:26 am

dear rusa ,not following vix indicator,till it cross 5350 decisive, bulls have very light chance,

posted by shanu on Mon Jul 16, 2012 06:20 am


posted by saamuu on Mon Jul 16, 2012 11:40 am

as mentioned in weekly analysis 5247 in spot was selling area ,high made 5245.5 cmp 5198. also mentioned not to trade aggresive long till this week or target

posted by saamuu on Tue Jul 17, 2012 11:31 am

nifty trading inside pitchfork honoured the path, we also waiting with patients, as cci is nearing oversold area,and also near pitchfork ,covering half in case goes up for small retracement will sell again,



posted by saamuu on Wed Jul 18, 2012 08:31 am

nifty reversing for retracement,took exact supp on pitchfork drawn last week, expecting retracement upto 5215 ,hold old shorts and buy mini nifty for the 30 pts move and book longs,or book short and re create at 5215

posted by saamuu on Wed Jul 18, 2012 10:45 am

5214 now expected 30 pts done our level is 5217.start booking longs.once sell signal comes we completly come out of longs,

posted by saamuu on Thu Jul 19, 2012 04:39 am

IS corection is over? let us trade first assuming as b wave of 2nd wave.once break of 5350 then we change the count, how far this b wave can go,first abv 5248 firts targ is 5285/5310, once pitchfork resist hit then we create sell positions,in the mean while we see the structure of the upmove,then we decide,in the previous trades we booked 131 pts in short and also 30 pts in long,

posted by saamuu on Thu Jul 19, 2012 04:42 am

indicator panel posted on 12.7.12 on chat page, of ghost targets 0 line of 2nd target has been met yesterday, thats why bounce happened we also took long for that,



posted by nandakumar on Thu Jul 19, 2012 05:39 am

thanks saammu for sharing detailed study

posted by saamuu on Thu Jul 19, 2012 08:35 am

nifty not in an mood to go up sell below 5236 targ 5204 stop 5255,

posted by saamuu on Thu Jul 19, 2012 08:41 am

whole day moved just 20 pts not given for chance for entry or even exits,to be honest i cant able to make money today in nifty,now back to market nifty given us 2 scenarios, scenario 1: without touching 5268 breaks 5230 trade for 5202 considering wave a over wave b complete at 5202 and bounce upto complete c wave at 5285or higher scenario 2: after touches 5268 short it with stop 5285 (17pts) cosidering wave B moving in impulse nature with ab(c--12345),target would be 5088 note:i prefering scene 2

posted by vandan on Thu Jul 19, 2012 09:01 am

any guesses for nifty upside max? or down side ma/.../? :ugeek:

posted by vandan on Thu Jul 19, 2012 09:02 am

i level is sell on rise till my stoploss is 5291. dts it n dwn saide trgt 5180-5160

posted by saamuu on Thu Jul 19, 2012 11:33 am

vandan seems u know the answer for ur question

posted by saamuu on Thu Jul 19, 2012 11:34 am

cover short 5246 nothing moving on either side..we resume tmrw after calculating

posted by ksbrs on Fri Jul 20, 2012 02:51 am

sir , in abc from 5349 , c did just 67% of a ie a at 132 points, b at 50 points and c at 98 points and the job of c still uncompleted so can it be w nd x in progress or over at 5258 doing 50% and y down to post min 61.8% of w at 5147 and equal to w at 5078. thanks

posted by ksbrs on Fri Jul 20, 2012 03:01 am

sir and rise from 5169 am not counting as impulse but zz

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