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 ...
63 comments:
Try these links. Perhaps you may view the spreadsheet.
https://spreadsheets.google.com/ccc?key=0Avkb8cijwPZvdEVmM0oxSXlBTzRqWVJQakxCY2c3RWc&hl=en&authkey=CNupsdkC
https://spreadsheets.google.com/ccc?key=0Avkb8cijwPZvdHBQMVVET2FGX2hqb25PZUtzUnBLd1E&hl=en&authkey=CNfgsbAC
satheesh, here it is: http://www.4shared.com/document/KFItSovM/Trading_on_Ema.html <--- today's emasheet.
I need to go out for a bit, but if you have trouble dling it, just put it here, and I'll check the comments. tc.:)
@ gauresh
yes i got it for view
thnx
kk
Thanks yoda. I have downloaded it.
hai everyone
Nifty futures chart updated.
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-futures-yesterdays-resistance.html
Thank you
Reliance dragging down.
12 to 1 pm.
Hour - Down
Low 5254-5261 (Near S)
High 5263-5271 (Near P).
NF range - 10-11 AM - 14 points
11-12 PM - 11 points
12-1 PM - 8 points
Good range contraction. A bearish pennant?
12-1 PM means till 12.25.
gauresh59 thanks for the link
now plz update your blogger profile also
@ vikki Paaji SSA
Ilangoji,
does the 5th wave scenerio gets negated now as NS has breached 5250?
gauresh59 - not permitting still.
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5250 IS GONE, NOW WHAT IS NEXT?
In fact, earlier I do not know any thing about Technical Analysis sheet, but after remaining silent viewer of this blog since last few months, I learnt a lot. I always try to learn from Ilango sir, Dineshrisi sir, RG, Sundar, Mynac, Yoda etc. (perhaps somany names in the list). All they are my Gurus to inspire me to develop my own trading technique and now it looks it is giving me full satifaction so far as my trading is concerned. I am very much thankful to all these Masters
A positive divergence is seen in 5 minutes chart.
Mr.Lango!
In last 5-6 days u said two times that its 5th wave confirmed then negated next day. Is it the character of 5th wave or u gave call due to over enthusiasm, kindly reply.
RAJ
@ Fire,
The "supposed" 5th wave is assumed to have started @ 5233. As long as 5233 holds, it is in the reckoning.
A close above 5267 today is important as well as holding above 5240.
More time spent will only weaken the Bulls.
Raj
what i remember sir negated the same day..
"Will join around 1.30PM".
gauresh59 - when time permitting send it to Sir. May be like Arunima's Fib, your doc can also be placed for couple of days to enable us to down load.
Kindly consider.
Time for the Fisherman the Real Vetern to come home?
rg sir,
what r u mentioning
Piyush,
Hi
RG invites fisherman to fish the “reputed graduates” :)
I soon expect “pori” here.. RG don’t you?
hi az
@ gauresh59
Thx for sharing.. But how u hvae calculated SAR NF & BNF
Dexter
guarav 59 can you share with us the way the SAR is calculated
thanks
when nifty was bullish, on 24/6/10
it was given doji( chang of trand),
next day nifty was broken down on 25/6/10
next trading day(28/6/10), nifty was went up(5339).
after it was touched new low.
whwn nifty was going down, on 5/7/10 it was given doji
(chang of trand),
on 6/7/10 nifty was break all resistance & touch 5298.
today again nifty is going down,
next few session nifty can touch new high ????????
got it PS "Real Vetern" (OoT)
@IITIAN, 5225 the next stop?
yesterday, nifty was continuously above 20min line
in 5min chart.
today, nifty is continuously below 20min line
in 5min chart.
lets see what will happened.
Can someone share 1.00 p,m levels?
call writing visible in 5300 CE ( aggressive nature) See rates of call options. 100 to 75, 51 to 35
@assortZ
1259 Hrs
O-5257.55
H-5258.05
L-5245.75
C-5256.85
Assortz,
O = 5258, H = 5258, L = 5245.75, C = 5256.65
Thanks rm and sundar..
@ assortz,
OHLC
5,257.45 5,258.05 5,245.75 5,256.75
HLEMA - 5255
HHEMA - 5269
Thanks satheesh..
So, we have two options available now for aggressive ones
1. can try a small longs here again as we are at HLEMA with SL at 5245/5240..
2. but as sir said, breaking day’s low again now – “sign of bearishness”
any view on Tisco??
any take on reliance technically??? What is the floor level of Ril to bounce. I think nifty bounce will coincide with Ril bounce?
Guide please
1 to 2 pm.
Hour - Down
Low 5246-5257 (Near S)
High 5259-5271 (Near P).
Ilango are you covering ril and tatasteel if yes please give me the link.
Thanks,
Sudhin
@ sunil,
Tisco HLEMA - 478 HHEMA -481. currently trading at 480.
Yesterday closed above Dlema of 473 and today still holding above the levels with 474 as day's low. Todays DHEMA is 483 as of now.
A fast rise setup?
@ men,
You can get details about the stocks in Ilango sir's stockwealth blog link provided at "my blog list"
1057 critical for RIL 5240 critical for Nifty right now both seems to be holding, trading above 5270 will mean 5th in the making.
5300 call writing still continuing in this bounce. Intersting!!!!
sundarji, happy to see u here. i have a doubt in right top there is a link from u. i downloaded it,. how can we use it for a trade. will u pls give me an routmap for it
thanx sahteesh
while they r writing 5300 calls they r also buying 5300 puts
tho to a lesser extenet.....what does that mean?? hedging??
Tisco is moving fast - is it a pre runner to nifty?
Ravi,
Your email ID pls.
A fast rise setup at 1.30 pm
Today, again volume is missing...
SBI touching 5 day high.
Glenmark Pharma looks like giving a breakout above 282-83.
@sunder
can u send me mail hw to use yr table on nemiinvestment@yahoo.co.in
Thx
Satheesh
hi..plz mail me updated ta of tisco
manunidhi21@gmail.com
we should swim with flow of water
now world sentiment is berish
daw up 184 and end at 57
so how come any one say technicaly
that we will go to 5400 +
its fullishhhh
btr to stay till 5200 brk or 5376 brk
dont use logic or funda + mental
@ Satheesh,
You seem to be covering Tisco and thereby the market quite well.
NEW POST DONE
Ilangoji,
Is there a very small positive divergence seen in the 9 RSI in the hourly chart or is it my wishful thinking?
hi sundarji...my e mail is ravivrindavan@gmail.com, sorry for the delay
dear ilango, can we hold long if nifty spot is above 5235?
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