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 ...
55 comments:
@ ravi
Send me ur id
nifty range for the month is 5000-5400. having touched 5379, it is on its way towards 5020. nice distribution is going on for the last two days. once the distribution is completed, we will see the slide. buy 5300pe for a minimum target of 150.
Above "5323" - Channel break-out.
Dear Sandeep bhoite,
May be you could send it to JN Group emailid or to Ilango sir. It may be helpful for all who may be interested and hesitant to ask and also not sharing the emaild id in open... :)
@ prabakar
I dont want to disturbe Master thats why , i will send to group
Hari Sir sent you a mail on hotmail ID.
Please check if time permits.
Thanks
Thanks Sandeep bhoite..
@Ilango,
Even on a Week "trend asertion" day Nifty is showing lots of inherent strength and not dipping even below 5300. the 61.8% level at 5311 is currently giving good support and arresting further falls.
If the fall gets restricted here what will be EW label for this small correction?
Namaste Dear Sir and all friends
Happy Janmastami
May Krishna the CONSCIOUSNESS bless us
addition in 5300ce
unwinding in 5400ce
confusing??
this time we are very much near to channel
@ Yash & Dhan
Received the mail, will reply after this trade, please wait.
Good Afternoon.......................
Ilango sir, ca we use 5276 now as jnsar????as below it channel will b broken on downside....thx
premium in nifty is 24 points increasing
Ilango Sir, On 2 min google chart Nifty is forming a C.T.from 5337 to today's low of 5303.80, below which it can give a break down.
SBI result positive,but it play negative ,why this kolavary di
Time for weeks trend to show its strength @
5261-5285 zone !
Lagta hai FII ne nahi buy kiya hai is liye down karne ke baad buy karenge phit uper layenge
China Export Growth Collapses as World Recovery Slows
Asia in Red , seems like Europe is going to open flat or red .
Lets see .
Efforts on to bring Nifty closer to channel support, now @ 5290-93.
@prithvi,
Sbin net npa 4.99 so it is -ve
Sir
BN at channel support now?
Nilesh sir,
Can we expect that this event work only today to some more days, but we are in now uptrend so it will be good stock to buy a dip??
@ cooldent
Yes. BN continues to be weak. Make or break now.
BN JNSAR would have given a 100 by now.
@Prithvi,
1888 is SBIN 61.8% OF upmove from 891 to 3500
so good risk reward ratio. but it is worrying that it broke the weekly trendline.
pt5 th formed of small bullish WW pattern
may trgt 5330ns towards eod
Pre-Market support starts @ 5295.
Low done @ 5294.90.
possible DZZ in play down from 5376 as follows
w.a 5376 5331 -45
w.b 5331 5368 37 -82%
w.c 5368 5313 -55 122%
x 5313 5338 25 40%
y.a 5338 5304 -34
y.b 5304 5321 17 -50% ** Done ?
y.c 5321 5287 -34 100%
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL : 5340, Pivot : 5355, S1 : 5327 and VWAP : 5332
Thanks & Regards
Below 5290-Channel support breaks.
Looks like the Distribution is over well above 5310 with a possible average of 5350, and now nifty has started sliding. Easy target is 5190, and an extended target is 5040, well before current expiry. 5300pe has started being in the money now.
DR sir gayab ho gaye aur BankNifty ki ye halat ho gayi....
"Channel buyers" active. Their SL is just few points.
Hari Ohm!!
@ Cooldent sir
Yes Stop loss hit
SBI ne to lanka lishka di aaj..
good afternoon ilango sir & all blogmates.
Tango reporting Charlie ..Channel buy activated .:)
@ shriram sir,
u posted ur comment about MHEMA-5349 on 7 aug
But ilango ji,
i hv a doubt here.. wudnt it be prudent to expect 5mnHiEMA @ 5349 to resist (esp since we have taken out DhI & WkHis) ??
sir,
u mean to say when weekly mommentum weak ( as close<WHEMA) then it resist at MHEMA.
am i right? or this may be?
if i disturb u then sorry?
with thanks
numchar
Over and all
numchar
http://www.youtube.com/watch?v=_OBlgSz8sSM
Agaya agaya DR sir agaya
Nifty just returned from almost 80% retrace of last Rise. Was not able to breach it and bounced back so wonderfully....
@ DR Sir
Ha Ha !!
Code deciphered :)
Again an expanded flat this time Bearish? Ilango Sir, please comment.
D R sir
HHAAA !
DR sir - reverse to BN short?
5330 achvd trgt of bullish WW pattern
expected near 3.00pm but achvd much earlier
now expecting if ns sust abv 5336 will trgt 5356-60
nileshwar - good work and good alert. but today too it may grind becoz of 30 mn. chart even one upmove also not ruled out but i don't think it will sustain. this is hardnut area 5306-336 earlier also mentioned. just check the charts. It will show it's colour on Monday onwards for few days. EOD close above 64/86 will negate this.
--> back
Dear market rider:
WHiEMA is @ 5284 , so as long as CMP is > than 5284, Wk is bullish
For Month, the buffer is larger 40-50 pts ...so upto 5400-5410 , it may RESIST
Above 5400, ALL power to BULLS :-)
New Post Done.
bn forming a chanell in intraday 5 min charts
is it advisable to sell here??
10345cmp
Madam Sujatha, you are right.
Nifty could again turn into green for the second time today backed by pull back in USF, but higher levels will only be sold into. Deceptive hefty NF premium to spot, deceptive intraday pull backs, all are intended to complete a good level of distribution before nifty can be pushed down well below 5300. now that quarterly result season is over, what can be expected from the market but a drop of 300 points at least?
Post a Comment