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 ...
48 comments:
@Hari,
Stochastic bearish crossover seen, but still it is above 80 mark. Many times when trend is bullish, these crossovers tend to whipsaw a lot.
just thought of sharing.
@ Arun kumar sharma,
20 to 240: 0 to 100 is relevant for the "Lead in dicators'/ Stochastic's" overbought and oversold zones. Ignore above 100-240-it is irrelevant.
1-157 denotes each hour bar. The chart has the capacity to show 157 hour bars.
Just as it showed minor strength above 5349-Day's pivot, it would also show minor weakness below 5349.
Ilango Sir, WOCKHARDT is showing the same pattern.
llango sir
thanku very much sir
@ Prabhakar
Thank you sir, I am referring cross over in hourly chart.
Good Morning Master and copy to All
1. One hour of trading is gone.
2. The Nifty range is a paltry 20 points
3. True there is sts cross over; KST dowturn.
4. Price remains stoically in the same place.
5. So another day of consolidation/distribution.
It is better that less smart people like me Keep off from the market. Waiting for DR's posts. one may laugh and forget oneself or enjoy gazals.
DR Sir Pranam.
LV
BN rising at much faster pace than nifty
Venkatapathy Sir,
When in trade no Jokes
let me book my profit in BN
than @ your service
Ilango sir, Tata steel JNSAR down and it formed DOJI for the last three days is anything is going to be expected? I am shortnow Above which Tata Steel strength?
Mornign everyone!
On ofc work today, so typing on the fly :-)
If Dev.Day HiEMA & 34EMA,30mins @ 5328-5331 holds ,
we may go up one last time to hit the channel top & finish The Extnd.5th from 5165 & finish @ 5390-5400 ruffly today or tomo
(a.5 has already done MORE THAN 1.618xa.1 @ 5343 to qualify as an extension, nxt tgt 2.236 x a.1 = 5416)
cu in the afty, have a gr8 trading day :-)
cheers
is today IIP data? anybody know?
DR sir
Pls clap loud so i can hear :)
@anmpatel, as per moneycontrol,there is.
IIP data to be announced/released at 11 a,m
Ilango Sir,is Nifty forming a Contracting Triangle in the 2nd/b wave?
yes today iip data
The C.T will be invalidated above 5368.
Cooldent
http://24.media.tumblr.com/tumblr_m0dp3rS9Fa1r7jd5do3_400.gif
@ First tgt
http://www.marketcalls.in/livecharts/bank-nifty
dr sir gd morning
should i also book profit in bn long?
@shankar,
Moody's cuts Tata Steel UK's ratings, outlook remains negative
-Moody's says Tata Steel's rating outlook cut on weak UK arm ops
Arun kumar sharma
Your entry was not correct so you should
book here or keep days low as SL
still you will be in profit.
@ shankar,
If you view TataSteel chart in "30min-Google chart", it shows a "Flat correction going on" with 415 as the top end and 392 as the bottom.
Move below 390 would be bearish.
You trade this range appropriately.
@ @ shankar,
Above 409, I would say, it would gain some minor strength and more above 415.
at open ns just opened at 55ema in 5 min charts and moved up
after that tested 55ema twice
now again at 55ema support
IIP = -1.8%
-1.8 Vs 2.4
IIp data -1.8%
but nifty not reacting yet
Ilango Sir, Will you please send me the link on Tata Steel 30min google chart? thank you
DR Sir
thanku
good mornings sir and all friends.
@ shankar
http://www.google.com/finance?q=NSE%3ATATASTEEL
click 30 min tab..
Good Morning Family,
1 din control kiya, aaj blog me comment se nahi rok saka apne aapko
A good line for market from Master,
In uptrend ,use bad news for buy,
in downtrend, use good news for sell,
we are in now uptrend .
@ shankar
this might also be helpful for intraday trades
http://www.marketcalls.in/livecharts/tata-steel
Price above SNI
namaste Ilango Sir and all,
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Dinesh Rishi said...
Cooldent
http://24.media.tumblr.com/tumblr_m0dp3rS9Fa1r7jd5do3_400.gif
@ First tgt
http://www.marketcalls.in/livecharts/bank-nifty
August 9, 2012 10:40 AM
Above message had gone into SPAM.
Thanks sir for reposting
18 lac added in OI with such a narrow range!! roller coaster is coming!!!
Dear Illango, BhartiAirtel, seems like a good buy at current levels. All indicators are highly,highly O/S, and the hourly crossover on an intraday basis, seems to have taken place at apprx 261/45 value. Any suggestions???
Converging of 5min MA's in BNF along with a Symmetrical triangle/Diamond formation in BNF. Fast Fall Negated above 10620-40.
above 10640 it is a triangle Breakout, below today's low of 10571 - it is a Diamond breakdown.
my personnel opinion on bharti is@ above 264 or so, stock will ROCK!!!
New Post Done.
satheesh sir
10640 BN future or spot?
DR sir - SNI?
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