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 ...
40 comments:
@ prashantji
i checked the nse site only historical data are there
from that how to calculate hawala point
micap IT stock will boom next
Geomtric buy on dips sure it will go up
@Prashant Shah,
GM to all
Thanks for your response to my query sent on 6th night regarding Hawala levels.
Chandra
Good Morning Ilango Sir and Friends
Bearish Engulfing of Bank nifty: CLICK HERE
Prashant,
I did a backtest for your hawala method on hourly from Jun 2010 to date, but it didn't give very good results - a loss of 497 pts overall.
I used the low>hawala, so not too exact. Maybe it made all the difference.:)
Here's the link: http://www.4shared.com/document/zgkQiohB/Hawala_method.html
Nifty Weekly Chart: CLICK HERE
Good Morning Ilango Sir, San, Yoda mam and friends.
gm, Prabakar.:)
gm sir & friends
Thanks Prashant shah and Yoda mam for sharing Hawala method.
gm sir and all :)
good morning,seniors..
yoda ... hawala on close basises but i check on hourly data that u put thanxs a lot v soon i put hawala methoed on shareing file thanxs
All your thanks to prashant for now.:)
I just did a casual backtest, Prabakar, because I've been curious about hawala. I think maybe the backtest didn't do justice to it and it might be better to keep an alert at 6101 real-time to see better results.
If it works, nothing simpler as a SAR, prashant. Thanks for the idea.
Good Morning Sir and Friends.
GM Sir and all blogmates.
GM Everybody,
Good 4.25 addition in NF,in first 15 minutes.
Dear Ilango Sir,
Can you please give ORB levels for Nifty spot and future?
Regards
Good Morning ALL
Good Morning RG sir, Mynac
GM
Dear Prabakar
@ Arvind,
NS: 6051 - 6027
NF: 6072 - 6051
Gm Illango sir & all
As per 5 day volume Profile Nf breaks all its suports.
If Nf able to sustain 6048 today than only a rally above 6100 can be seen, otherwise we may witness
more fall from here.
Go Long @ Val-6058 sl-6047
GM Ilango Sir and All.
GM Sir, and friends
gm all
what view on nifty?
btw BGR energy.. broke 200 ema yesterday.. today showing a sign of trying to protect that level, almost 2% up.1 can look at it for hort to mediumterm... with sl below todays low.
there seem to b a trendline upport if u just add up the lows in the previous weeks.
Arpit
GM Musti.
Gm Prabakar
Good morning Ilango Sir and all
Good 6.5lac addition in NF in first half an hour.
@ smokinbeast said..,
its too early to say at this point but if NF shall cross 6065 where highest volume is there in first half an hr,then it may show 6077-6080 as a new top.
You may consider this as a very short time target only.
inflation figures to be out today. at about 11am. do you think the higher inflation figures are already factored into the fall of yesterday or do we see fresh fall happening?
regards
gm ilango sir & all
Good morning sir and all :)
Sir, - in hrly charts STOCH COMBO is completely bottomed out and "crawing on the floor" :) 6036 levels grinding at the same place is gathering strength here to move up?? CCI showing +ve div?? thanks in advance.
mynac - that addition is +ve sign?? already according to my "poor knowledge" CCI showing +ve it's a signal for "upmove starts"?? from here. anyway again long with SL 6000
NEW POST DONE.
oops sorry mynac - i read ur comments to smokin thanks.
Dear Sujatha,GM
I too feel so.But just feeling because on the up side there are resistance even up to 6160 so tough for bulls to move immediate from here but whether it is consolidation or not will come to know later.
Bank nifty now will target 200 eMA - 10967 / 5 Lema - month - 10948.
This should be a very strong support. This may take nifty down a bit.
Nifty has been targetting Month Low Ema for the last couple of months. Looks like possible this month.
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