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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
47 comments:
Educomp looking excellent. Both price and volatilty breakout with good volume.
last session, HDFC Bank broke out at the last minutes as noted. Today it made a good move.
@gd,
it is in a range and oscilattors go towards 0
in ranges. suddenly there will be one big bar.
the oscillator wont catch up. in my observation i have
not found out to be actionable divergence though market can do
anything anytime. bnf it if closes above 9760 will have a
negaitve divergence
Fire - Educomp was on broker call. Is the CMP ok to go Long?
Check out Sunpharma now - 1730(F-Aug) - looks promising.
PNB off shackles? (1052 to 1057 - wish it moves, if it does 1080 possible today!)
RG,
I didn't know about the broker call. But you are right about the CMP being a bit high. I would be comfortable buying it in dips keeping a SL below 552 (50 DMA). Actually I noticed it a bit late.
Watch Gujarat Ambuja Cement - is it a Tech Sell?(Short)
I understand few counters as Mphasis are raising based on "delisting" prospect. This script touched its year high last month on same news, which fizzled out. Just check whether any suggested counter is in such net, if so, enter and exit without holding.
Fire, RG,
Any other futures looking good for today - wud like to buy and sell in 2-3 rs. :-)
wipro looks good - i scalped couple of rs. there, also cummins - i did the same
Janak,
Dena Bank looks good to me, but not sure about intra moves.
5500 call OI 1 cr.
Janak - watch TITAN Industries (F-Aug) 2480 smells good for a Short. (don't blame me-I am short and it always obliged me).
I think its just the 2nd time when the OI of a particular strike has crossed 1cr. mark.....last time it was for 5200PE in Mar/Apr i guess.
I will not be available till close. Bye.
thnx fire, RG...
Ilango sir can we short if closing below day high ema??
Thanks
@Manni
But 5200PE shows High OI 8854350 & Low OI 8443650.
Where is 1 cr. mark?
rg sir,
ambuja looks like a good setup daily o/s and at trendline
however falling each day.below 5 dema hourly positive divergence in slow
macd. risk reward buy side but risky call.
@hemant
I'm talking abt Mar/Apr exp....don't remember exactly wch expiry it was.
@RG ivrclinfra and relcap look good buy watch relcap intraday chart bounced to scale morning high
At that time OI for 5200PE crosses 1.2Cr mark....& expiry was above 5200 only.
PS Thanks - I think Q1 results are not good.
Bhavan - Good picks. Banking licence news for Relcap.
Must read IVRCL.
Spain35 Cash down by 135 points. Didn't like winning the World Cup?
Inofsys too looking weak at at a 52 week high wih negative divergence .....
H,L,C please PS/Friends.
5405 is next to my 5382 (i posted earlier 5359/5382) now another one is 5428.. downside is
5382/5359/5336/5313
Would like to know your VIX and Nifty 50 showing What +ve or -ve?
RG sir my post is for you
Hai everyone
Nifty spot 15 Minutes chart with support and resistance line.
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-15-minutes-chart-with-support-and.html
Thank you.
RG sir ,
should we reverse our positions in bpc & hpc
Rajagopal sir
h-5387
l-5374
c-5385
1400- 5,392 5,272 5,381
1500 -5,388 5,374 5,386
VIX boundaries are 5419 - 5332-5303 today Sujatha.
N50 also shows +ve (but OB in many).
Interesting day ahead.
dear R.G,
hows lookinh infosys on chart lokkinh good or cadidate
for sell ?
regards,
alpesh
RG sir,
12/7/2010 14:00 5,371.55 5,391.55 5,370.95 5,381.85
12/7/2010 15:00 5,381.25 5,386.80 5,375.00 5,385.50
Wipro picked up the baton from Infosys and running the race?
Thanks PS.
Thanks friends for the hourly values.
Vikram - Holding for target with Rs 10 gap as TSL - ok?
Alpesh - Pl be very careful. Infy results are GOOD & ESOPs announced. Check history - last time just before the results the price came down and flared up on results - trapping Shorts. Just evaluate.
ok.....sir....i have exited from bpcl @692....holding hpc now only.......sir titan can we hold short??????/
Very Shrewed - Nifty Aug regains Premium.
@RG can short polaris software for 10.00 rs
TITAN????
RG : Can ve expect some more upside in infosys as already it is outperforming the nifty .........
Bye Sir. Bye Friends.
Vikram - gud on BPCL. Titan Short holding-2480.(Capable of wild intra day movement)
Hai everyone
A Doji at the top. The follow up days should be very interesting.
http://niftychartsandpatterns.blogspot.com/2010/07/doji-at-top-of-trend.html
Thank you
Just an honest declaration. I am not a TA based trader. My views are just predatory. Please don't follow me without checking. I post here to get valueble inputs from the techies - read PS's response on GA Cement.
Thanks,
Regards,
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