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 ...
37 comments:
Master request for Tatasteel
@ venkatapathy l,
DR's joke...(I'm still laughing)
Once a train, moved away from the tracks and went into the nearby fields.
Railway officials conducted an enquiry and asked Santa:
Officer: What happened?
Santa: A man was standing in the tracks and not at all moving away.
Officer:Have you gone mad? Would you jeopardise the lives of many for one person? You should have run over that one person.
Santa: I was going to do the same thing. But, suddenly, he went into the fields and I, too, took the train into the fields.
@ badri:
A nice website on Indian AStro which i like to read, u can go thru if u wish :-)
http://www.astrovidya.com/bh.html
@master
can u add 21hr & 34hr sma in Data.H sheet? i found only 21hr EMA. it will be helpful.thanks.
Thank you very much sir
DR sir excellent dig at ??? I know
Love you
LV
@master
and if u can add it to 35Hr-D Lead Indicator chart...it will be more more helpful. thanks.
ns taking supp at 55ema in 5 min charts
@ sudharsan ,
Tata stell is underperforming the index in a big way.
While Nifty cleared its prev. high 5349, Tatasteel is quite far away from its earlier high of 455.
As long as Nifty is in uptrend, it will tag along. First weakness will be revealed by such underperforming stocks.
Thank you Master
@ prakash-pol:
Saw ur msg just now. Wish u all the best.
JN is the best place to come for becoming a GOOD TA & AN EVEN BETTER HUMAN BEING
Ilango ji shud rename the blog as JUST "ELIGHTENMENT" :-)
Can we are moving towards this ?
http://www.candlesticker.com/Cs27.asp
Dear Ilango,
Is triangle still one of the possibility for B wave on weekly which started at 4530? end of a = 5630, b= 4770 and c in progression, awaiting d and e? or has the odds been eliminated for the abcde formation?
Thanks in advance,
Brad
DR sir
Played the google doodle today?
Yaaaaaaaaaaaaaaaaa
10 times :D
how much?
i scored 30 :)
better than nifty today :)
Budha Beeja mantra:
-------------------
'Om bram breem broum sah Budhaya namah'
OR
'Om bum budhaaya namah'
Budha Gayatri Mantra:
---------------------
'Om Gajadhwajaaya Vidmahae
Sukha Hastaaya Dheemahi
Tanno Budha Prachodayaat'.
Budha Navagraha Mantra:
-----------------------
'Priyam gukalikaashyaamam Rupenaam prathimam Budham
Saumyam Saumya gunorpetham tham Budham pranamaamyaham'.
Meaning : I bow down to Buddha who is dark and black like a black tulip, matchless in form of appearance and extraordinarily intelligent and wise being the son of Soma and endowed with pleasing and auspicious qualities.
The planetary deity Mercury is pleased when his mantras are chanted and gives the devotee increased health and intelligence.
Do it with a loving and peaceful feeling for all.
sir
there is negative divergence in 9 and 14 rsi on hourly time frame so if at 1 pm price close below 5347 (hEMA) then negative divergence get confirmed but based on EW flat will also get complete so what should one do .
@ Brad,
Traders lose mostly in 2nd wave or B wave.
From 4531, it is in 2nd or B wave.
Only by a disciplined approach, one could make gains in this phase.
It is still not clear which pattern is developing.
Goodafternoon Family...
yahoo charts giving oversold crossover...seems Like a bull ride to come again... show some light...
@ 13:00hrs
NS closing < Hr HiEMA (5354) , triggering intra aggresive sell
To work, needs to break HrLOEMA @ 5339 & then can tgt Day HiEMA @ 5306
Off for sapad, cu @ 14:00hrs !
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH : 5366, POC : 5347, Pivot : 5337 and VWAP : 5359
Thanks & Regards
Sir,
Any view on Relinfra CMP 523... i am in buy position...
what target do u expect...
Master : DO you consider volume for your analysis ?? ALl these rises have been w/o in significant volume? Thanking you
all**
still some steam left in this uptrend.nifty made high but bn still have to make...
1.30 effect starts now, then comes 2.40 effect
1.Highest OI addition 5300 PE again today.
2.FII purchases.
3.Nifty not sustaining below HHema for more than few minutes.
4.Master's target of trendline resistance yet to come 5379.
Trend up.
ORB broken on the upside, to cross 5400 today itself for sure
Stochastic cross over seen again in 60 mnts. NF chart
Briefly staying above the new high
This could be false break out
This is for sure a false breakout. it has come with huge volumes and any sustain above this in 30mins will be again bullish.
@SJkolkata you said
This is for sure a false breakout. it has come with huge volumes
but a breakout with increased volume should be a valid one
Thats the reason sir, i mentioned "if it sustains". in past it has been observed that at these upper or lower levels if the volumes suddenly increase beyond proportion, gives an inference that the supply or demand has come in big way and thats the reason for high volumes.
like in this case if only with a small price increase the volumes increase drastically means there are huge sellers also in front of buyers and only if sustains this will lead to bear trap and than the subsequent upmove.
otherwise subsequent bull liquidation....
New Post Done.
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