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 ...
55 comments:
Hai everyone
Nifty 5 minutes chart triangle.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-todays-price-action-in-5-minutes.html
thank you
Ilango sir, plz suggest something for me. I missed exiting my shorts
in morning.Sud i wait for EOD closing above Low ema as sl?
Thanks
I have UPS problem..Will come back later.
Have a safe trading.
In the nights it is just like a car without head lights.
Have a safe drive.
Hi Mynac, wht upside u expect??before fall starts again?
Thanks
@mynac
hi..
rightly said...
mkt can take away car itself sometimes, so right now riding on bicycle
Guys.. just giving FTSE and CAC levels
FTSE came down from 84 to 66 after open
CAC came down from 70 - 62
now 70 & 60 respectively
SIL
read as "after Europe markets open"
lol @Anil.:)
RG, ... triple top? finally?:)
Dear bizagra ,
Let market decide it,I will wait for it.Because Europe is likely to give a good start,then at night might be followed by US market.So tomorrow in the latter trading half or a day after tomorrow might get the opportunity.Still not sure but will wait and watch to come closer up to 200 DMA.That will be the most ideal.
market does not seem to have strength to pull up, however i have closed my intra short at breakeven, will try go with a pull down if breaks the low of the day.
Pis seems today we would see the 4800 level again as all set up today seems to me as Bull trap
Whether market will give that opportunity or not don't have any idea yet.But I generally do not trade in such type of market conditions.Because for me it has proven very precarious trading days.Which I used to avoid to just protect my capital.
PICI see a wonderful oppurtunity to short ICICI Bank as it has formed a gravestone doji day before yesterday the returns would be more thatn nifty i wuppose
hi llango sir and all Blog friends -- good afternoon ..
Is it a raising wedge forming in 5 min chart from yesterday's low! And raising wedge falls?- seniors to comment in absence of Illango.
Hai everyone
TATAMOTORS Channel in daily chart is not broken yet. A Long trade is possible provided the stock holds above 670.
http://niftychartsandpatterns.blogspot.com/2010/05/tata-motors-channel-is-still-intact.html
thank you
Yoda - 3Top(i) what happens? please.
===
San - This is great help. Your trade view with the chart. Kindly keep this model.
I think nifty is just getting resisted @ yesterdays opening gap down @ 4887 from 4923..
nifty is not in mood to fill that gap.....
or is it a broadening triangle?
Also, the 200ema .. ..
test
@ RG,
3 top, Triple Top, is a good resistance.
@all,
I expect a break out from here guys...towards 4900 and so on...we are indeed moving towards 4945 either today or tomorrow due to short covering or whatever.
this is just an illusion......nifty is being hammered......4600 is coming
@risktaker,
watch out buddy ...You are really taking a risk here...
ha ha...
thanks ankur
Hai everyone
Reliance 15 Minutes chart update
http://niftychartsandpatterns.blogspot.com/2010/05/reliance-15-minutes-chart.html
thank you
The next series will be very much interesting one. Up to 1.25 P.M. to day there is a addition of 4300000 plus in NF June O.I., another 1000000 addition in O.I. up to 3.30 P.M.today is expected, again 40 to 50 lac addition is expected tomorrow, means June series is likely to start with 2.75Cr.So it will be interesting because it is still trading and likely to trade below 200 DMA and there will be tough task for bulls to cross 200 DMA. Will bears cover their shorts? We shall find out the answer.
For me this is nothing but a "expiry war".
Hai everyone
Suzlon daily chart triangle.
http://financeandtradingmadeeasy.blogspot.com/2010/05/chart-pattern-triangle-breakdown-suzlon.html
thank you
@Raja Paji
Above Suzlon post is specially for you
I have got vested interest in keeping you illiterate!!
Cheers
Honour is mine dear Anuj.
I'm tempted to say false breakout, but I think that's my position talking.:)
@RG, sorry, I was afk - I was implying that it would go down from here. Not so sure now that it's broken out.
@ngm, I saw that broadening triangle too and put my money on it.
lol @ -30, Anuj. Good point.
@all
This region is of some resistances for the Nifty..we may see some side ways move now...
Dear Mynac - Expiry is only here. The trend reversal is happening on global cues where there is no expiry tommorrow. Do you feel ours will be independent and that too DOWN !!! You must have noted something to base your thought.
@anuj
rg sir is highly technically literate now.
any technical study man makes will fail at some point
or other. u just have to choose.
triangles r applied to shorter time frame few weeks
to months
u can make a channel instead
@anuj
u r taking the pants off,
frm those who r long in suzlon,
vl definitely see after market hours in details.
right now saw only glance...
keep doing good work...
Anil,
OI ka kya haal hai?
Dear Rajagopal,
The strongest base is nothing but breaking of 200 DMA.I am not expecting market to go up to 4000 immediately but it would not either cross 5000 very easily too.We all have seen the recent Nifty journey from 6400 to 2200.So market gives these trading opportunities time to time but it is up to individual one.
@ sharda saheb
It's just a joke (is it?)
Ilango said...
I have UPS problem..Will come back later.
Have a safe trading
When the cat is away the mice will play!!
just one of many Oot stuff that I indulge in...
Critics are always welcomed...today is the day of critics
rajgopal
i know, i keep bothering u, but somehow i could say, i believe a bit in ur insight, please give me a harsh input
i hav got a fresh position in 4800 MAY put, do u see any hopes
thanks
regards
Got it Mynac. Ulterior motive was fuelled by your assertion - would love it to go down.
Dear Rajagopal,
As I am away from market, I am looking at it very plainly.At present Nither a Mad Bull Nor a Mad Bear.On the contrary I would love market if it will come more up to 5000.
hi board,
missing action since morning..thanks to my internet provider..
i hope intra longs are in action :)
mok must be the happy soul today :)
@Manu bhai
Kuch likhogey bhi ya test hi karogey?
Its working ...go ahead
Hi....after a long time...hope you are doing good :)
Playing ungli cricket these days?
rochak - I don't know about Options. Sorry.
@rochak, may is just one day to death.. really not a worth thing i feel.. this my view..
regards..
NEW POST DONE
Hello Brothers - i am very curious - if one goes to nse website and looks at nifty options - may series starts with 4200, JULY series starts with 4200 JUNE SERIES STARTS WITH 2000 ?????????- is there a hint for us ??????? best regards Deepak
Sir
Please post values ,if any body is having in the nifty table in the absence of Dear Illango
Thanks
Bala
thanks prakash, thanks rajgopal
good afternoon to all
i have nifty short at 5282
bank nifty at 9480
and gail at 478
at what level i should exit
Thanks in advance
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