van ilango (JustNifty) Profile picture
Get Rich Slowly and Surely. Breathing the market since 1992.
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Jul 22, 2022 9 tweets 8 min read
IF trader, then study "Hour chart" of at least 30 trading days
Watch how #prices are #Trending & you take a position when trend changes, say, from making "LH & LL" to "HL & HH" & Vice Versa
This is the 1st & foremost step & absolutely noiseless
#Retracement helps🙏 Image #Priceaction Step:2
All traders know Demand & Supply to exploit the difference - a basic trait of any trader/ businessman.
What captures this absolutely is #Trendline & #Channel
For Eg: When prices break out of a falling T.Line/ Channel, it means demand has overpowered supply Image
Jul 3, 2022 5 tweets 3 min read
2 Scenarios likely.
In ST, both point towards a min. rise to 50DSma, 16200-250
c = a = 16255 #banknifty
2 Scenarios likely.
In ST, both point towards a min. rise to 50DSma, 34450
c = a = 34915
Apr 18, 2022 4 tweets 2 min read
Started last fall fm "17664" on 13th with 1 & 2
Would complete 3rd @ open @ 17220-263, then 4th & 5th.
Last fall #retracement from "17512 - 172xx"
Pivot's S3-17195
VF's T6: 17197
IF correction, it must limit to 17220 @ open & then 17165 Based on significant gap down, the "revised trade levels" for the "day" & "Week".
Mar 11, 2022 4 tweets 3 min read
Index & most stocks done 3rd & 4th wave yesterday.
Holding approx. yesterday's low, "5th" wave to unfold today in opening session towards "16796-816".

Alt: Consolidation in most part of the day in yesterday's range. #Nifty Trade plan:

1. keeping above “16465-485″ - "Low @ 16471" ---

---prices likely to head towards 16685-715 & above which 16910-925.
Mar 5, 2022 7 tweets 6 min read
Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits. Image Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs). Image
Dec 3, 2021 6 tweets 4 min read
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone. #Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)

Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
Dec 2, 2021 7 tweets 4 min read
Only with #Elliottwave & #Retracement strategy
You got 1st trade @ 36191 @ open for 36425
You got 2nd trade @ 36267-36298 for 36400 so far Image How the grind to unfold... #Banknifty Image
Dec 2, 2021 5 tweets 3 min read
Aggressively holding "17140" approx. at open
Conservatively holding "17080" approx. at open
for the 1st 1-2 hours trade
2 Retraces shown in "1 Minute chart" Image #Nifty held "17140" with a low of "17149"
High presently "17241" so far

Ensure to book part profits and trail with the retrace of current rise from 17149 to 17xxx Image
Dec 1, 2021 4 tweets 2 min read
#Nifty option writers @ work
11.30AM to 2.30PM
Watch out for Action soon Image #Nifty option writers "Ending" their work
11.30AM to 2.30PM
Action starting Image
Dec 1, 2021 4 tweets 3 min read
#Nifty pause continues.
Stay with 17565 to 16782 retrace;
Holding 16900-950, could attempt 17350-400 zone.
Depends on rest of the day's #PriceAction
Also monitor current rise's(16931 to 172xx) retrace for weakness to return. Image Based on significant gap up, the "revised trade levels" for the day. Image
Nov 30, 2021 4 tweets 2 min read
Most prefer to "Predict" where market will reverse.
Few want to "Follow" the trend

Choose your t/f combo & ride the trend till 1 trade gets stopped
Week & Day - Down & Down
Day & Hour - Down & sideways
(Predictors looking for morning star in "Day", Evening star formed in "Hour") Image How do you follow "Trend" ?
Get familiar with "ABC" correctives with the help of #Fibonacci Retracement
Have shown recently in many of the tweets, how this strategy alone produces LRHR trades
With experience, you'll learn to pull the trigger
For experience, you have to ACT/ TRADE Image
Nov 13, 2021 5 tweets 3 min read
Hello Sir
I am "XX" my age is 22 & I live in Mumbai
I am writing this because I want guidance from you sir
I just completed engineering and now looking for job but when I start learning /revising concept I am not able to do continuously
I think about stock market aggressive Wanted to do something in stock market. There are lot of material available on internet but it is basic I don't know anyone or none of my relative is in this field
My parents are suggesting me to look for job
But When I start studying I don't remember things .
Nov 12, 2021 9 tweets 5 min read
Held "722", making a low of 724.45, yet to claer ATH.

Now, Holding "730", it could do today !! Image #Bhartiartl
@ ATH.

Now, Holding "735", more to come today !!

#Elliottwave Image
Nov 12, 2021 6 tweets 4 min read
#Hdfclife "Only for a Trending chart"
Draw key pivot points using 1 min. chart
Use these points to make "Intraday trades in ATM CE" Image #Hdfclife

#Elliottwave structure seen for smaller waves.. Image
Nov 11, 2021 5 tweets 4 min read

The only retrace that matters now is of "18061 - 17798" - @ 17930-17961 above which chances of big rally to 18350-450 is likely & may be more too..

Holding 17825-860 is very critical


Break below 17825-860 & remaining below 17950 then on Image #Nifty
+ve divergence in 5 & 15 min. t/f has produced a rally.
How this handles the gap zone of "17967-996" would give us clues for underlying strength/ weakness.

Always follow "Last rise or Fall retrace" to manage your trades.
#Retracementstrategy Image
Nov 11, 2021 4 tweets 2 min read
There are 3 retracements at work here as long prices remain above 17827.
Inability to move past 17908 would mean, more pain ahead.
Till above 17827, attempt would be on to test one of the retracement.
With Hour trend Down, would prefer to sell on retracements Image #Nifty
With Hour trend Down, would prefer to sell on retracements

IF Sold closer to 17889, a gain of "50+" points

Trend is your friend.
Hour trend for Intradayers Image
Nov 4, 2021 8 tweets 4 min read
A simple beginning in this long journey.🙏

Let us choose the most simplest & most effective of all tools - #Elliottwave
IF the name sounds complex & alien to you, let us call it just #Wave - Why ?
In the market, Prices never flow like a river but unfold like waves.. yes., waves #Waves advance, then retrace and with each advance & retraces, they gather strength & thus the subsequent advances grow in strength & intensity until they blow themselves up. Then, they go into a quiet mode.
This is Nature's Law; Crowd behaviour and we deal with just that.
Nov 3, 2021 6 tweets 3 min read
17926, DEma would act as the "Pivot" for the day.

Remaining above it +ve Bias for 18000++
Breaking below it -ve bias for 17825-- Image #Nifty tested 17926 & making a Bullish Pin Bar with a high of 17955.

Next time would be bearish. Image
Nov 3, 2021 5 tweets 3 min read
Aggressively holding 39950-965,
Conservatively holding 39875-900,
Likely to head to 40180 & 40400+ Image #Elliottwave
lets you spot LRHR entries
does target calculations
Allows you to book/ partbook at appropriate levels.

You won't get euphoric at highs but book
You won't fear panics at lows but enter (in Uptrend)

Simple trades Image
Nov 3, 2021 4 tweets 2 min read
Getting the most relevant numbers from this Tech.Table from Excel file maintained everyday.

Only 3 Nos. are critical:
Low Ema (Last Support in uptrend)
Close Ema (Indicates ST trend)
High Ema (Momentum in uptrend)

IF prices remain between Low & High Ema, a sideways range is on. Image When prices move:
Above Low Ema & Closes: Buy on dips to Close Ema/ High ema+
Above High Ema & Closes: Buy & Hold as upward momentum picks up.
Below High Ema & Closes: Sell on rises to Close Ema/ Low Ema-
Below Low Ema & Closes: Sell & Hold as downward momentum picks up.
Nov 2, 2021 7 tweets 4 min read
Most are correcting yesterday's low to today's opening high.
Keep the retrace handy
38%-50% retrace is bullish
61.8% is average strength
Anything beyond it, reject it and reconsider only if the high is surpassed
For Eg: Nifty holding "17855-892" is bullish

Break of 17817, reject Image #Reliance has done exactly 61.8% retrace of 2494 to 2556 @ 2518

Today's low 2518.
Below this, wouldn't consider it.
IF breaks 2518, consider it only above 2545 or 2556 Image