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 ...
61 comments:
@ Bramesh - sssssssss ..really donno much about charts very limited knowledge(!! if it's there hehe) :P i am seeing thro my third eye DR is long hence mkt can't fall much :D :) simple
Sis
ha ha ha ha
Lolzzzzzzzzzzzzz
Sis I'll book part at Fridays High once
Ghazal King Jagjith Singh Passed away :(
SR GM
http://www.youtube.com/watch?v=wBufjLVyO_k
sad to hear abt jagjit singh. I loved his hoshwaalon ko khabar bekhudi kya cheez hai song.
Tribute to Jagjit Singh in his own voice
Jagjit Singh-Chithi Na Koi Sandesh
http://www.youtube.com/watch?v=cslHWo4wI3A
DR - ha ha :) no lolz some gussing where u will apply 'SL" and book profit hehe "improving my telepathy" method :)itching .......
Bhavan - very good morning :)
Cooldent - that's sad news for "kumar sir" i believe
IS JNSAR triggerd long again.,,,,????
Namaste ilango sir and friends,
Today's quote received :
Courage is not always a Lion’s roar….
It is also the silence of an ant working patiently, persistently and never giving up.
@DR any clue BN+ve SBIN -ve?
Bhavan
BN is cow SBI is calf
let calf jump here and there
@ EOD it will be with his mother
thnks DR
Some intraday correction may be due soon as it is nearing the channel resistances.
The type of correction will have clues to next move.
As Bramesh has pointed out, 20 sma is considered a good indicator of strength, though aggressive traders may use 5 period.
From the day's low, a 4th wave in the form of a triangle is on.
After a new high for the day, the 5th will complete for a correction/ Fall.
Good Morning sir and warriors
A Five done.
That's good one DR Sir
Sis
Hands clapped once
http://images.icanhascheezburger.com/completestore/2009/3/23/128823338320024430.jpg
Channel resistance has been touched with 4928.
Any break-out (beware of false too-use tsl) has to be above this.
@Ilango
Given that a 5 is done and nifty is not crossing month
low ema of 4930 and 21 dema of 4938, could this be an
aggressive short????
DR - yeah clapped but now sad...as i thought sensex trying for cross 453 level??? :(
5th is extending.
Mid bb in daily is 4959. 30 min charts show, lower and mid bb rising, so once nifty reaches nearby upper bb we can connrect till mid bb, lower bb in 30 min charts.
read above as correct
@ramcharan
Can u give the levels of mid bb and lower bb in 30 min
chart....thank you
SIR
Since we are entering ^mthLEMA can we go in for fresh ,additional longs whatshould be SL Todayz JNSAR? we r entering or touching MLEMA after a long time?I believe
also can we expect to touch MEMA?
Sis
Leave something for others
Now JNSAR is long so 50% holding tight
@indus: currently mid bb is 4883 and lower bb is 4791(however both are rising).
@ Bhavan,
Part book 50 points in today's Long JNSAR.
@ramcharan
thanks
thanks sir
R2-4952 of the day is almost done.
If sustains, R3 @ 4980.
Namaste Ilango sir and all,
NS has exactly reached a High of 4947 -week 5EMA and near the monthly pivot of 4957.
@ Satheesh,
Those are quite valid inputs.
We'll now see how much of the rise from day's low it is retracing.
Remember always that first part of the trading session has some relevance to your work on previous day's EOD analysis. Now new TA emerges with unseen/ unknown inputs from various sources.
It becomes "guess work".
Some amount could be analysed with "Hour closes" but hour TA being too ST in nature bound to develop whipsaws. If you can handle it, its fine.
The correction, if limits to previous lower cycle's "iv"th wave @ 4910-4919 is normal.
GM Everybody
Falling wedge Day chart
Day chart falling wedge
nifty almost touched mid bb in daily now.
Since morning there are 2-3 high volume trades but
@ 4947 the volume is biggest. 4944 -4947 Big volume
trade area at present.
@ AshishAg,
It has been staying out of the channel line-4928 as well as above 4930-MLEma sofar.
EW - will come to that later.
Hour Chart falling wedge:
Hour chart falling wedge
small itching now with 15 points SL :)..Reason: nifty touched mid bb in daily.
This itching is only for intraday as daily lead indicator has not reached 80.
nifty poised for another sqqeeze in mid bb.
*squeeze
AshishAg,
I did not get your point. You mean Hour chart or Day chart?
ilango sir pls upload 9 hr rsi chart if you can
Coal india joined Nifty50 ...Bears welcome with a strike at coal india....:)
-stockgrp
AshishAg,
If it is the Hour chart you are mentioning and the last triangle shaped formation as rising wedge then - more highs are to be formed for it to take the shape of a rising wedge.
stockgrp - check mail. when dracula will come?? tks n advance. can send mail
@SR
watch on IIP data b careful abt shorts and coalindia on good upmove from 314,25 so a mere profit booking also waiting for euro to open remember PTchinawall is nr
@Mynac if sustains 4944 or that range do we assume buyers in control acc. to info u shared?
ilango sir my excel sheet showing 9 hrs rsi trgr down is it right or i done mistake to update sheet
Just got Disconnected
Hyderabad electricity has become a luxury :P
Nifty made high of 4961 and retraced now i think now
hourly pivot 4946 will be decide the strength.
sir plz correct me am wrong
Sis its ur kindness when u say u do nt knw abt charts :D
Rgds
New Post Done.
correction can be upto mib bb n lower bb in 30 min charts now. use this to go long for positional at eod.
@Brahmesh No it is her Joke of the day untill she comes up with something more
@Sujatha
Just joined after powercut and Nifty upmove started shivering :D ...Getting a quick red bite :)
Note to bulls- Infy results on 12th.
hour chart sir jee.
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