Sir, as we are talking about w-3
this wave three is of which main count.
Rahul Singhal asks:
Hi ilango Sir,
I read your post market review today, which says that following completion of wave 3 we should have a wave 4. Can you please explain which pattern is Nifty likely following, i have counted this upmove as wave x of the double ziz-zag for bearish scenario which is taking a expanded flat pattern (3-3-5) and upmove from 4531 had been in a 3-3-5 format ending with the end of this current 3rd wave upmove.
Request you to please help me understand your count.
BEAR: In red, positioned closer to the end of "a" and after a consolidation of "b" would reach the "green bracked-(b)" to be followed by "(c) towards 4000.
BULL: In green, positioned closer to the end of "3" and after a consolidation of "4" would reach the "green bracked-(1)" to be followed by an "abc" of"(2) towards 5200 and if held would resume its major uptrend from then on for months.. 
23 comments:
Sir, Thanks for this Elliot wave analysis.
"Eureka! eureka!"
http://www.eurekamakingadifference.com/uploads/1/8/1/1/181143/6026309_orig.gif?132
ilango sir,
so arer we ruling out that the bottom IS NOT in place at 4538?
This means 5600 then 5200-5300 and then a rally till 5900. Post this a fall to 4000-4200 and then a golden bull run
@Illnago Sir,
Virtual road map is unfolded by you for traders to follow. I pray Almighty to give Good Health, Wealth and Happiness to you and your family members for the self less service being rendered to Trading community of the country.
Sir, I am greatly inspired by your work and your postings are like candles which sheds light on my path.
Thanks once again for your teachings.
@ Nishit Vadhavkar,
You have summed it up quite well.
@ Jayaraman,
Inspiration is so subjective.... I get inspired by the enthusiasm of many here..
@Illango JI
Shat Shat Naman.
Master,
Wow!
@ Ilango sir,
What I meant is your postings are Divine guidance to me and to my soul. As a student of EW it is a divine guidance and as a person, my soul needs good teachings which I am getting it in one of the most trying time.
The influence exerted directly on my mind and soul is such I could not find words to express it sir. Hence I chosen the word inspiration as a Student to express
his gratitude to his teacher.
Sir, once again thanks for your teachings.
master,your pictures spoke louder.your humbleness is uncomparable .good night.
Sir, Please read as .....
Hence I chosen the word inspiration as a Student to express my gratitude to my teacher.
@ Ilango sir,
What I meant is your postings are Divine guidance to me and to my soul. As a student of EW it is a divine guidance and as a person, my soul needs good teachings which I am getting it in one of the most trying time.
The influence exerted directly on my mind and soul is such I could not find words to express it sir. Hence I chosen the word inspiration as a Student to express
my gratitude to my teacher.
Sir, once again thanks for your teachings.
Sir,
A sincere THANK YOU!
- for being our guiding light
- for always being there
- for tirelessly explaining to each one...
God has truly blessed the JN family!
hello ilango sir,
i have been following your blog since a long time and has been very
guiding for me as elliotwave has been my favourite method for trading markets.
Looking at your counts daily is really inspiring.
2252 oct 2008 low was an important low and from this low
we have started a new impulse wave
in which wave 3 has completed @ 6338 nov 2010 high and 4531 dec 20th low has
completed wave 4 on weekly charts and we are making wave 5 which will be in 5 waves and
most probably cross 6338 the top of wave 3(nov 2010) high.
The count wave 4 complted @ 4531 has fibonacci relations wave c=1.23 of wave a internaly
which validates a flat and complex correction alternate to wave 2
which was a zigzag and sharp and had taken less time.
In daily tf from 4531 we have made wave1(4533-4800),Wave2(4800-4588)
around 75% of wave1 and we have crossed 2.618% of wave 1@ 5288
and still moving higher for 4.25% of wave 1 which comes @around 5730.
As on let us enjoy the momemtum and power of this impulse wave
with illango sir's guidance counting waves step by step.
thanks for your attention.
nilesh.
Sir
Amazing Selfless service and enlightening every one with your teachings !! God bless you with abundant Happiness, Health and Wealth and Shower His best Blessings to you and your family in all your efforts !
I have seen your JNSAR works very well even in Stock options when you with the trend.
All the Best !!
SN
I have added "BEAR" & "BULL" moves ahead in words so that even non-EW could understand.
Most important: Must accept the prices as they unfold and must readjust this map, if need arises.
Good Morning Guruji, thank you very much for your valuable
guidance and accurate analysis for novice traders like
me. It has removed all the cobwebs from my mind about
the direction of the trend of the market. You are a
genius Sir and a modern day Einstien. Your tireless and
dedicated work without any expections of retuns is truly
rare to find nowadays.May God bless you with more
strenght and a long fulfilling life.
Master Ilango ,
Good Morning to you.
Dont have words for the simple brilliance, sheer and
simple language u share with us all and being a
guiding force in this darkness .
YOU R AWESOME, BRILLIANT,INSPIRATIONAL................
Regards
Namaste Ilango Sir And All.
The chart and writeup is very clear and it has been
summed up very well by Nishit Vadhavkar. just follow
Jnsar religiously you will be in right side.
Goodmorning Ilango Sir and all the Blogmates!
Ilango Sir,
Thank you for being guiding light for us!
May God bless you and all of us with
health and wealth!
Will be Thankfull to you forever!
Thanks a lot sir
Thanks !
Thank you very much sir for your reply.
Your understanding and guidance has helped everyone of us.
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