iCharts Discussions

[swaroopbn]

Hello All,

With 300 pts drop in nifty - things have changed overnight .

Those, who were vouching for 5500 and new all time highs are under cover now . Well am not saying we will never see 5500/ All time high..... all i know is for anything to happen it will happen only as per time/interval.

Like our Baba says... "Na kuch samay se pehle na kuch samay ke baad "

Abhi tak jo dikha woh toh trailer tha... Poori Picture abhi baki hai doston. In short-term, nifty is wearing RED color.... and will continue to wear for some time .

For wolfee lovers am attaching Nifty weekly chart.

My nifty call is "SELL NF @ 5000/5020 with SL above 5050 TGT 4400"

Rgds,
SW

[swaroopbn]

Baba Rocks!!!!

Well those who are short they should either move their SL to 4975 or book near 4800.

4400 will come for sure - but to pocket profit points also is a trait of good trader

We may re-enter shorts again around 4900 zone.

4800 is of utmost importance now - because this zone is the target zone of another wolfee wave which is in effect as well. Refer the attached NF weekly chart for details.

Rgds,
SW

[Ravi_S]

Baba ki Jai ho...

[aarya]

Yes BABA Rocks
Baba ki Jai ho !

[jkm10]

hi..
nifty is now at 4880 levels...your timing is great.in fact what u have mentioned has come true.

i want to learn your calculations.how are you making thses calculations,wolf fee charts etc..

please share..

thanx..
regards,

jkm

[swaroopbn]

Dear Jkm,

Wolfe works on the simple principle of Equilibrium

Rgds,
Sw

[swaroopbn]

Friends,

Baba asked us to cover the shorts in NF @ 4725-4750 levels (the shorts were initiated @ 4900).

Why - because A bullish wolfe is spotted with tgt around 4950.

Let's see what'z gonna unfold

Per Baba one should go long in NF with SL 4700 (EOD Close) for TGT 4950+.

Rgds,
Sw

PS: The major trend is BEARISH. The tgt of 4400 is still intact - however we should make use of minor trend(s) which is now bullish. We will get better shorting point say 4950 .

[psrao]

Swaroop,
The points 1 3 and 5 needs to be equidistant isn't it? i mean on time scale,
the distant between 1&3 should be equal to distant between 3&5.

Kindly correct me if iam wrong.

rgds
psrao

[shekharinvest]

SW

Posted below are two charts

1. tatamotors daily

2. tatamotors weekly

I have marked wolfe wave as per my understating, kindly see if I have got it right .

Could you please suggest when/how to taken entries.

SHEKHAR

[rajabharani]

Is this correct sir?
A five point wolfe wave is the complete wave consisting of 5 waves with equal time intervals and symmetry. A bearish trend consists of 3 bearish and 2 bullish trends and a bullish trend consists of 3 bullish and 2 bearish trends. The waves must fulfill certain regulations
The range of wave 3-4 must equal to that of wave 1-2.
There should be regular intervals between all waves.
Waves 3 and 5 should show Fibonacci relationship (127% or 162%) with previous channel points.
Wave 5 should extend beyond the trend line formed by wave 1 and 3.
The channel formed by the first three waves is the support and resistance levels. The point 5 is the breakout point and is the best time to buy or sell. The point six, which is derived by connecting the points 1 and 4 with the 5th wave; it is the most profitable position.

[swaroopbn]

Rao ji,

Yes that's correct. However, this is not a hard and first rule

Rgds,
Sw

[swaroopbn]

Rajabharani ji,

You have provided the picture perfect conditions.

However, in the realtime it's hard to find such ideal setups.

I have following considerations for potential wolfe setup

- A failed C&H and H&S pattern.
- A falling or rising wedge

I will post new age wolfe rules sometime.

You will be surprised to know that there is 4 point wolfe wave as well

Rgds,
Sw

[swaroopbn]

Shekhar Dude,

You got it

The tata motor weekly wolfe is perfect. But, I would draw tata motor daily a bit different.

Pls refer the attched chart.

Cheers
Sw

[swaroopbn]

Friends,

Let's cover the swing LONGs initiated on Monday FULL.

Looks like markets are going to fall to make new intermediate LOWs.

I will post the chart tonight once I get some time.

Current call is SELL NF @ 4770 TGT 4600 SL 4800/4810.

Rgds,
Sw

[shekharinvest]

SW

Thnx for your comments.

Shall Be waiting for new rules.


SHEKHAR