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:
Hari sir
Ready?
Dear Friends,
Happy Rakshabandhan to all…………
Many many thanks for your prayer and well wishes for recovery of my health.
With the blessings of Almighty, all my teachers, family members and relatives now my health is something better than before. Still feeling some weakness.
Due to long list, it is very difficult for me to express my thanks individually.
Once again I express my heartly gratefulness for your wishes for my health.
regards
-gauresh
yahoo!finance nse chart- http://finance.yahoo.com/echarts?s=%5ENSEI+Interactive#symbol=^nsei;range=1d;compare=;indicator=sma(30)+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Delighted to read Shri Gaureshji's msg. Wish him speedy recovery and full recoupment of health.
Greetings sir !
Thank you so much for your post today morning .
Shriram ji , Thanks for your wishes :). Bhagwan aapki har manokamna puri karen.
Sir ,
# Weakness vs support
I have always misjudged Weakness vs support
So old question again ..in now context ..
At this juncture if 21hsma holds can be taken as considerable support for re entry ..and if breaks towards 5190 can be taken as weakness ?
Yahoo Chart Interactive
http://finance.yahoo.com/charts?s=^NSEI#symbol=^nsei;range=1d;compare=;indicator=macd+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Or
http://finance.yahoo.com/charts?s=^NSEI
Dear Gauresh Sir,
Happy to know.. Wish & Prayers for your full recovery soon :)
Nilesh-ji - thank u verymuch me + 20 pnts n advance
Cooldent - mm..18/224 and back??? the hell grinding market
Sujatha, Thanks for sharing a wonderful email.
Resisted near DHEMA 5218-20
TL Break above 5241 in NF.
@ Cooldent sir
Sorry for late reply.
I am ready now.
@ Cooldent sir
Sir are you trading 30 mnts. time cross over also ?
Prabakar - yeah very good one..30th July candle High protecting that's a breakout candle. premium killing @ grinding in options side :(
cooldent - aagaya 224..
Hari sir
No. But today i got in bit early. 5210 21hrsma support plus 30 min also gave cross over. So
@ Cooldent sir
Thank you, I am still waiting for cross over in 60 mnts.
DR sir
take out 430 pls
5033 to 5246: a/i done.
5246 to 5210: (a)
5210 to XXXX: (b)
XXXX to ....: b/ii would be complete by tomorrow
and the
c/iii would commence from Friday.
If the above is wrong, the cues would be available from tomorrow's price action.
What supports the above scenario is:
Continued FII's buying.
Time correction with shallow price corrections.
OI table
ilango ji,
there is the alt that the (i) is still in play , its 4th sub frac done @ 5211 &
now 5th UP in progress shud do @ least .618 xsw3 = 5315 ... ???
Stochastic cross over seen in 60 mnts. Nifty Futures chart
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL : 5242, Pivot : 5251, and VWAP : 5235
Thanks & Regards
of course, one more option is the 4th sub frac is still in play vide "b" & "c" will follow DOWN
Ok time for sapad , cu @ 14:00 !
@ sujatha Di, this is for you -
"She takes my hand and leads me along paths I would not have dared explore alone..."
Happy Raksha Bandhan to yu Di :) God Bless...
@ shriram ,
Yes. That possibility too exists.
Thank you.
Above 5240 or below 5210 would be for either your view...or my view.
Dear Ilango Sir, How do we analyse time corrections..Please help understand this in correct perspective..Thanks
@Ilango,
5210 to XXXX
XXXX could have been done at 5230 and '(c)' might have started which will make equal to '(a)' that is 5246-5210=36=(a) and so '(c)'= 5230-36=5194 which is the area of support for all the major EMAS
@CDG
from 5246-5210(a) it took 8 hours
so b cant finish in just 1 hour as per my understanding......sir know better
@ CDG ,
(b) should generally take more time or atleast 0.618 of (a).
sir
your wave a/i is five wave or 3 wave
@ Kranti,
1st wave consists of "i,ii,iii,iv,v" sub waves.
2nd wave corrects the 1st wave or the entire"i,ii,iii,iv,v" waves.
So the time taken by the 2nd wave should be more than either ii or iv sub waves.
There are times the 2nd wave prices may not equal either ii or iv sub waves of 1st but it will remain in a shallow band to complete the min. requirement of time that equals or more than these "ii or iv" waves. That is time correction called technical correction.
Above 5240 or below 5210 would be for either your view...or my view.
but sir b wave can be irregular so it can move beyond 5240 so how to confirm this
Google charts are working fine now.
nifty retracing to gain momentum to break wall of 5233
Thank you so much Ilango Sir..
Meagre turnover in F&O only 34500 cr only two hours left...
Sir,
Google charts working now.
Regards
Sanz -OH.. "The cute smart ulta brother" thank you very much..Happy Raksha Bandhan :) give me today or 2morow also i will accept your nifty healthy bears.
Thank u llango sir for sharing the updates....
@ Kranti,
Lets take the price move from 5033 to 5246, consisting of i,ii,iii,iv & v waves.
ii: 5150-5078=72 points.(4 hours)
iv: 5207-5154=53 points. (3 Hours)
This current correction is correcting the 5033 to 5246.
So far corrected by only 36 points but has taken 6 hours to reach 5210. This is time correction.
However, we don't know whether it is correcting 5033-5246 or the last rise of 5154-5246.
The sudden changes in OI data @ 1.00PM with more CE writing is a cause of concern. EOD data would be more reliable.
The Inverse Fischer Stoch cannot stay at such high levels for long....It has to take a breather...correction to 5180 odd levels will achieve equilibrium
Sir - pls. don't mind y u and all r using i,iv and 1,2,3 instead using A, B C any easy method in ABC??? like 5169 is A - 5258 is B then down 5032 is 'C'...now what is going on ??? is it wrong??
PS : request all not to "laugh at me" for EW
@ shivanGupta ,
Relinfra did that "Irregular correction" and falling again.
Nifty hasn't shown such a strength, hence I stated 5240, a trendline drawn from the last tops.
@ Sujatha,
Good. You have joined the 1st std guys now.
We are stuck for ages in 12345, i,ii,iii,iv,v and abcde. We haven't gone beyond it.
Our IQ is terrible.
Stay where you are, trusting your intuition.
If you still insist, we have no rules...use what comes handy to you.
--> back
Ilango ji,
another beautiful alt lable presents itself :-)
Possible DZZ in play as,
W 5246 5221 -25
X 5221 5233 12 -48%
Y.a 5233 5210 -23
Y.b 5210 5232 22 -96% **over ??
Y.c 5232 5209 -23 100%
What wud u say to this sir ?
ohh can any one swich of this grinder?
@ shriram,
FII's buying is in harmony with your above view.
But OI data shows ST pressure.
A contradicting signal.
Ok, tks Ilango ji,
which website do u refer to see live FII data ? pls guide
New Post Done.
I think Rajni Kant is not trading today?? thats why no movement at all..
@ shriram,
It's available under:
Market Statistics
in
Money Control
5306 gap should be filled first.
chhota observation:
since last 3 days all dip at noon have been bought to close near days high
Post a Comment