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....
-
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...
23 comments:
Namaste Ilango Sir & Blogmates,
Seems like consolidation to huge up-move, need to see follow-up action by the Bulls or else Bears will move in; Option Analysis for 04-01-2012
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Sanjay Jaiswal,
You are giving Daily Range based on option table and VIX. Will you please help me to understand the calculation method.
Does NSE provide volume on an hourly basis ?
As a follow up action of my earlier posting regarding my wave count I attempted this subdivision with its own inherent weakness.
Hence I request my blog mates to understand the concept and devise their own Trade Plan.
Trade Plan for Jan 5th 2012
I am trying to sub divide the Wave 'F'. the details are as follows.
'A' of Wave F = 4588 - 4783 = 195 ( Time Consumed = 14 Hours 12 Mts. )
'B' Sub Division as follows
(a) of 'B' of Wave F = 4782 - 4729 = 53
(a - b) of 'B' of Wave F = 4729 - 4758 = 29
(b- b) of 'B' of Wave F = 4758 - 4743 = 15
(c -c) of "B" of Wave F = 4743 - 4760 ? or 4772
Go Short @ 4760 / 4772 If you can manage your trade. Other wise wait for your Trade Set up as detailed below.
'c' of 'B' of Wave F = 4772 ? - 4686 = 86 ( May be on 6th Jan. 2012 @ 10 hours 20 mts.)
Note I am not sure about this time.
From the above it is safe to assume that presently market will go near 4690 level. In my opinion it may happen either on 5th Jan or morning hours of 6th Jan. At this level going for Long or Buying of call option will be profitable.
"C" of Wave F will be any of the following level
1. 4686 to 4806
2. 4686 to 4881
3. 4686 to 4955
4. 4686 to 5002
From the above my observation is as follows:
TRADE SET UP @ 4686
Entry Price Go Long @ 4686
Exit Price @ 4806
The above set up is valid only for 5thJan 2012 and 6th Jan 2012. In any case don't hold position beyond 6th Jan.2012 if you bought Call Option.
WARNING
If market crosses 4783 by opening sessions on 5th Jan 2012 , then I need to change my entire calculations and Trade Set up.
Neyaz said...
SIR JI,
If you are providing some paid calls than please send information on neyaz.aman@gmail.com
cuz last few days i m not getting any proper market view on this blog spot.please let me know...coz i always follow your technical ...
Regards
Neyaz
pune
January 4, 2012 4:02 PM
IlangoSir
smile :-)
Jayaraman, great analysis, keep it up.
Many Many Happy returns of the day ILango sir, Happy Birthday to you & best wishes too. You are not getting older sir, you are getting better day by day, month by month & year by year. Count your life by smiles, not tears. Count your age by followers, not years....cheers everyone & enjoy the Birthday of Master. We are lucky to have a teacher like you, you are great source of inspiration to all of us.
With Love & regards,
Kumar
http://intradaymovers.blogspot.com/2012/01/happy-birthday-ilango-sir.html
ilango sir Happy birthday.God bless you
Many many happy returns of the day sir,
Very very happy birthday,
God bless you
Many many happy returns of the day master..
Many many happy returns of the day sir.
Many many happy returns of the day Sir and I pray to Almighty to wish you the best of everything in Life.
Happy birthday Ilango :)
Happy Birthday to you ILANGO SIR.
Happy B'day Sir...
Dear Ilango,
Many many happy returns of the day.
Dear ILANGO SIR,
Many many happy returns of the day
Happy birthday to you master Sir
Dear Ilango Sir,
Many Many Happy Returns of the Day, "HAPPY BIRTHDAY"
Regards
Sanjay Jaiswal
Dear Ilango Sir,
Many Many Happy Returns of the Day, "HAPPY BIRTHDAY"
Ilango Happy Sweet & enjoyable birthday. Many Many happy returns of the Day.
HAPPY BIRTHDAY SIR, MANY HAPPY RETURNS OF THE DAY!
Sun arise as usual time,
Rays fall on grass at usual time,
Birds fly at the usual time,
But all they shouting
"whers the party tonight?"
so have a very very special B'day!!
Post a Comment