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At 12.30PM: Minor negative divergences visible in intra charts.
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As "ORB" has given a "BUY" since opening, Conservative long remains.
One can book out(Optional) at 5145.
14 comments:
dear Sir,
Can we identify impulsive and corrective ewaves in nifty intraday chart every day?
Hi..dare,
By practice, you can identify them..
Combining TA with EW study helps in that.
sir combining TA with EW tutorial. i could not understand is clearly. if time permits can you please ellborate it in more details . will be helpfull for beginner like me
Dear, Rajnish pls try this:
http://www.babypips.com/school/
ALL REQUIRED TA IS THERE FOR A BEGINNER.
Hi..Rajnish,
Refer the posts "Elliott Wave" in the Label section. You will find some interesting articles.
Sir,
At present we are in which wave impulsive or corrective for medium term?
If it is impulsive than from 1 to 5 which wave we are till date?
Today nifty high was 5138 and
nov nifty future high was 5139.80 instead of 5142 what future TA chart suggested.
That's only becoz NSE always cleverly change the premium/discount in their favour.
THAT'S A POINT TO BE NOTED.
HAPPY TRADING with beloved Ilango.
ilango sir,am able to get 5EMA in icharts realtime charting page..How to get LOW as well HIGH EMA sir?
hi..dare,
I am not obsessed with wave counts. I do it whenever it is necessary.
Since Oct.2008 low of 2259 and then from Mar.09 low of 2539, Nifty's rise is termed as corrective rally to the fall from 6357 to 2259.
Correctives are complicated with many possibilities. Presently, few possibilities are going on. That is why I suggested to combine TA with EW.
When ever the wave counts are not clear enough, one should not strain or struggle to look for it. Either stay away till some clarity emerges or use TA to trade the market.
Sir,
Thank you very much for ur advice and guidence..
Hi..CKR,
"ICharts" gives High & Low emas too. Check the configurations & settings.
I have seen it for the day charts..which is free.
So even the intra charts should have it.
Ilango sir,
any idea were nifty will finish tomorow, will there be any big moves. Thanks in advance for your views.
hello ilango
5 weekly average changes daily? or after friday closing?today and on monday i am seeing diference.4933 and 4911
please clarify
syamala
Hi..San,
It looks to be a high closing based on recent price moves.
Hi..Syamala,
I am upsating the weekly TA as per daily high, low & closes. However, Friday's close is the final. It is just to know in advance the likely high & low ema based on the highs & lows made during the week.
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