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 ...
27 comments:
Hai everyone
Reliance communication has been in the news for some time. I am posting the chart of the stock here showing resistance at 194.
http://niftychartsandpatterns.blogspot.com/2010/06/reliance-communication-resistance-level.html
Thank you
i agree with I LANGO SIR
its high time now that we are now a days asking SIR about our individual positions which he generally answers but not liable to do so
PLEASE TAKE CARE FRIENDS
dont impose too much pressures on him
if in doubts we can ask him about his views expressed, if something is not clear to us, or if we hav got some doubts, but at least a BIG NO NO from me for individual positions
i would like forum members to come ahead and support me for this cause, b coz, inspite of several objections earlier it has been happening repeatedly
thanks
regards
i support rochak
ILANGO SIR,
NF n BNF trading @ discount to spot lvls.
Dear Rochak!
I fully agree & support u. I raised this question so many times & suggested to members here that take benefits of table & levels and try to be independent. Some of members became angry to me, I request Mr.Ilango to not reply these kind of every individual query either nobody would like to stand upon his own feet.
Rgrds,
KUMAR
ya rochak u r correct.
lol, now those desperate will send Ilango email or wonder if they can ask tomorrow.:p
Instead how about one of you taking up deputyship for Ilango everyday in turn? You can learn by teaching.:)
rochak, your turn today!;)
There are enough indications in our discussions and exchanges for readers to pick up something to make a trade plan. "That initiative" is what is required from them seeing & hearing the discussions.
If you do not venture out now, if you do not make those "judgements" now, the lingering doubts will never allow you to grow.
How much weightage we can give to an indicator..How is the changing TA of various time frames playing out...the same trading set up that appears on your screen can have a different background based on the diff. higher time frame TA.
The urge to be "right" always is what holds back one to a successful trading journey.
Boldness has genius.
Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative and creation, there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too
good morning ilango sir .
5200 CE/PE 72/57 at open, 81/64 now. 9L calls added, 7L puts added. Which side did they add dummy options and which one is going to stick ?
-- gd
GMto Illango Sir and all blogmates
ilango sir as per your premarket view can i buy nifty at 5225 if yes what sl should i take thanks
Tech. table updated for 11.00AM.
5100 Put is moving with good addtion of OI with a rise in IV, probably buying in anticipation of sub 5200 levels.
Sir, your level of 5120-140 is intact !
Regards
gems of ilango sir
'that the moment one definitely commits oneself,
then Providence moves too'
KA thx for 5120-5140 levels
If I get I willve a bid relief as stuck in shorts at that
level
GM sir
i m folloing ur site from last one month
by daly tech. table 5D/14D is near 100
should i short nifty at this level????????
Sethu - GM.
"If you become a BUDDHA" next step would be NIRVANA (of capital).
just lol.
@ sea,
If Nifty closes below 5195, such a correction may get a first confirmation. In the meanwhile, the selling forces may attempt to bring down Nifty to that point.
Failure to bring it to 5195 before another high is made would indicate strong undercurrent.
Under normal circumstances, a reading above 90 would bring in selling.
But this time it is trending up strongly as visible by the same tech. chart. That does not mean it will not fall...but how much..?
If 5220NF is broken, a first weakness, then towards 5195.
It is not a sellers market until TA turns down. Whatever selling is being done , it is for the short intraday time frame only.
thank u sir
Hi,
I have posted a chart of Unitech and Ranbaxy for
positional traders using RSI and RSI based oscillators.
mithilpradhan.blogspot.com
Do leave your comments.
Sir,
one laymen question, OS or OB status will change if market stays +/- 20 points for some days?
grand rally in EU and US futures
@ Babu,
When we say market is OB or OS, it is based on technical indicators. There are times market stays in a narrow range doing time correction after a steep run up for the short term averages to catch up and once that is done, it starts to move higher.
For this reason, one need to keep a minimim 3 time frame charts with their averages to see the momentum or the lack of it.
What was OB in 5-min & Hour, was not so in daily and the market keeps climbing higher.
Even a shallow correction after a daily OB is tradeable as that would have 100+ points whereas the hour & 5-min OB/OS would have less if it is a shallow correction.
NEW POST DONE
Perpect sir, understood
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