Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
17 comments:
Good Morning Ilango.
Regards,
S Rajagopal
Ilango,
A Very Good Morning to you,
As I understand the posting by you, we are presently seeing the 4th wave unfold whose first part'a' was up on Friday and should see 'b' going down today morning and than 'c' going up. Or we could be still in the 'a'.My query is that since this is a corrective, the pattern should come in three waves. So why have you shown 5 waves within 4th.
Secondly would appreciate your updation of Stock wealth site also. What levels are good to enter shoRTs in TCS,TISCO,TATA MOTORS?
Awaiting your response.
Regards and Best
Manoj
Hi Ilango, What do you mean by 2468 + (Since 12.10.09) in the table above? Can you please explain the same?
GM,
@Manoj,
There are a few possibilities of 4th wave, the bearish one being the "c" of 4 ended @ 4893 and the 5th wave down is on.
@ Kishore,
That is the Nifty points earned since 12.10.2009.
Intra Aggressive trade : Bought @ 4825.
Hello Illango Sir,
What shall be the SL For Agressive Trade?
Book Part book @ 4860-4865.(Optional).
SL presently @ 4845.
gm sir/members,
hw i could i put a auto refresh on ths blog or any website..guide..
Hello Illango Sir,
The the SL initially could have been placed below 4801 S1 and now below Pivot @ 4847 is my understanding right?
Illango sir.....thanks for that beautiful writeup. But, one doubt was lingering in my mind since friday. That is, what was the technial reason for you to insist repeatedly and particularly to go long on friday around 4790 to 4805.....you did not give up even when it had hit stop loss. What was that this signal that is prompting you to be so confident and bold ? And you say the downtred is still on ! What is that indicator that tells you that the downtrend would resume after this temp uptrend?
any possibility to change the process to show the latest msgs first and not at the bottom.........that way we stay focussed on the table numbers always prompting our thinking about the price action w/o losing out to the content of the msgs.....
apologies if its too demanding from my side..
Sir U r always Just superrrrrrrrrrrrrrrrrrrrrrrb
Great call sir I also put buy order @ 4825 in the morning thx alot
Hi Manu,
Just press F5 - function key. Refreshes anywhere.
Regards,
S Rajagopal
hi..Ka,
It is based on EW possibilities combined with +ve div appearing in "Oversold" hourly set up. Presently market looks like it is pausing. When you look for 5000+, it may just give a 4900+ and show a new low.
I am working on it..reg, the messages.
Ilango, can you send the latest excel sheet to my email id ps_kishore@yahoo.com
Tech..Table updated in a new post
Dear Manu,
You can visit the following site:
www.pagereboot.com Once there you paste the URL of the page you want to refresh and also the interval of time you want the page to be refreshed and it will automatically do the refreshing. But this is only for the page you have set it up for. If Ilango posts a new message than that Page has to be set.
Hope it will help.
manoj
Thank you sir.
The hourly frame seem to have all +ve...macd, rsi, adx turning +ve and 20 ema at 4872. While for day all is pointing downwards except for macd which is trying to show up slightly.
so sir, can 4872 could be a decisive mark for this small upmove ?
Kindly coup with my repeated questions, as I am trying get a seal of authority on my small analysis from an expert of you. Sorry for the inconveience sir.
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