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 ...
45 comments:
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myself rochak parekh, trying to see indian markets with the glass of stock specific approach on volume to price basis. please visit
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this is my latest presentation in the series of write ups which are my attempts to caution traders about handling the risk involved in trading equity markets.
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thanks
regards
@Prabhakar!
Please call me just - Prabhakar
NS looks like breaking a flag in 5 minutes charts if manages to move above 5433.
Ilango Sir,
======
Long in NF @5424 with SL5409 (NF) .Please give me exit level.
Thank you
Few Trading Calls for Short term with charts
http://www.brameshtechanalysis.com/index.php/2010/07/technical-calls-on-ltnagarjuna-agrichem-and-ivrcl-infra/
Sir,
For conservative traders, SL can keep as 5335 for time being, and any drop towards it we can treat as buying opportunity. My understanding is correct?
Flat to Negative closing today??
18300 is 78.6% of the 2008 bear market. 18312-18439 is the range where a bearish island gap formed in 2008 and was not filled. So this cluster is the final bearish cluster to offer resistance to the inflationary efforts in a Kf Autumn cycle. Success above it would lead to an inflationary bubble in all asset classes and holding below it would lead to winding down for months to come.
Rohit Shrivastava
Rg..hi
i m shrt frm 85.2..lets c..
WHAT ABOUT RELIANCE? Should we book profits now.
Inflated ????
===
Manu - Noted.
rg
is inflation data out?
N 50 with > 90% of 5day Avg Volumes.
Scrip Name Current High Low Volume Today-5D Avg % Trend
ACC 814.30 832.65 812.60 113 Down
AXISBANK 1314.45 1325.95 1304.10 109 Up
CAIRN 321.15 324.30 317.50 91 Up
DLF 320.45 324.50 318.00 126 Up
HDFC 3128.85 3145.00 3079.00 124 Up
HEROHONDA 2009.95 2015.00 1976.55 93 Up
SIEMENS 748.00 749.80 730.45 208 Up
UNITECH 84.05 85.30 82.85 112 Up
VSNL 290.10 293.85 283.00 140 Up
Hai everyone
Nifty's gap is being filled. will it repeat yesterday's move after filling the gap?
Nifty spot hour chart updated
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-hour-chart-with-gap.html
Thank you
A NF chart --
http://picasaweb.google.com/112295801969323600289/FIRECharts#5493663085039017426
- Testing -
sharekhan view on Nifty.
The Nifty has achieved 61.8% of the wave 1 equality target
at 5450. Hence, it now needs to surpass that level to meet
the upper end of the parallel channel. On the lower side,
5357 is a crucial support as it’s the previous wave iv level.
So, even if the Nifty corrects then 5357 should act as a
crucial support level and then wave V should continue on
the upside. The momentum indicators are in the buy mode
which favours the bulls. Hence, we maintain our bias up
for the target of 5500 in the short term.
Note: Pl. let me know if you do not like posting from sharekhan.
"SIEMENS" worth watching.
@Rajagopal
Shall I buy tata steel now at 512.
I would be very angry :-) if we see appreciable downside from here as i didnt take shorts in the morning (was waiting for 5455).
Now i'll have to wait & watch till Jul 16 (or) till 5455 is hit
RG
do you ONGC is it oversold?
rg sir,
siemens broken out, 760 resistance too early to sell
too late to buy. or maybe buy on retracement.
CAUTION:
Square off all your LONGS we may fall very badly from now on..
Will update more about this in another 5 minutes
@RG,
You can check Mcdowell too. Looks set for a big breakout. Only a bit of volume is required. The chart -- http://picasaweb.google.com/112295801969323600289/FIRECharts#5493672449943433954
@Sryasdmurali,
Tatasteel definitely a buy with a tight SL below 506. RG can give you any fundamental reasons.
RG Sorry forgot one word Do you watch ONGC
hi dear sir ilango,
in nifty excel sheet " hourly f. macd " showing
negative divergence.
so i can sell nifty positional for sl of today's high
plz give suggestion
regards,
alpesh
@Ilangoji,
Is the NF chart posted by me correct? Or am I missing something important. Its just an attempt to learn.
NF not able to break out of the flag till now.Again coming off the upper boundary.
Guru nifty good to see you after a long time
the last time you said at 4800 the target of 5400
i didnt believe in it
great call really
A fast fall setup getting created?
not aggressive though,
but 5400 call wrtten at 1.80 lacs , 5300 CE winding up of 2.3 lcas, and also 55 PE windind up of .80 lacs. On pur side no momentum see though among writing. But 5300 PE and 5400 Pe , no windup seen.
But these can change very quickly, as seen in yesterday's move.
@Fire ......... Very true ......... Seeing in all time frames ......
Today Bank NIFTY hits major resistance level(in day,weekly & monthly chart)
So short-term is DOWN (at-least for two days)
Refer
http://www.bankniftyguru.blogspot.com/
(fyi this is my first post in BANK NIFTY)
Bu may get support at 200 Min EMa at 5393
@Kumaraguru,
CAUTION:
"Tring to catch top or bottom genernally
not to be profitable trade"
Sorry. Enjoying my lunch (rm u?)
===
ONGC - Down with 70% avg volumes(5Dday) so far.
===
PS : Good on Siemens - in from very low (like the name).
===
Srayas : TISCO VIX target for the day 523.44 - up with 70% 5day avg. volumes.
@Kumaraguru
Shall I buy Nifty at this level 5418.
Kindly guide me.
Fire - Thanks. I am a Whiskey man.
NEW POST DONE.
Don't BUY NIFTY @ current level,
I feel we may fall very badly from now on. Today's high as SL for SHORTS
RG
what is the significance of volume
Rg/Fire..
whr r u able 2 c fast fall set up..????
it doesnt seem//
@RG,
[img]http://emoticons4u.com/crazy/097.gif[/img]
Ignore the last message please.
Scrip Name Vol 5D Trend
5D Avg
ACC 113 Down
AXISBANK 109 Up
CAIRN 91 Up
CIPLA 86 Down
DLF 126 Up
HDFC 124 Up
HEROHONDA 93 Up
ITC 84 Down
REL 90 Up
RELCAP 88 Up
SIEMENS 208 Up
UNITECH 112 Up
VSNL 140 Up
Will Nifty move upside?
Stock Market Trading
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