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 ...
40 comments:
this hour HA open is 5650.56
Mynac ji..
I have a different view on this. OI high 2.62 cr & currently it is about 2.58 cr and similar was d situation at 9.30 AM. Short covering should have moved d market up but nifty saw selling til 9.30 so it was longs unwinding which resulted into this.
Now bulls unwinded in panic or at breakeven only time will tell. Yesterday intraday addition of about 18 lacs was witnessed in NF OI but in bhavcopy we saw unwinding of 5-6 lacs so today we might see great reduction in NF OI @ EOD coupled wid d fact dat HAWALA price is ruling now on d downside....
inverted hammer on hourly chart
Ilango ji,
Any EW view to decipher this move , or we stay on ysday's course sir ?
Nifty is ready for a bounce/reversal.
Parminder paaji..
kehri candle inverted hammer banaandi hai hourly chart te...mainu tan koi ni dikhdi payi... ya mere tradetiger nu siyapa pai gaya...:p
dzire phaji,
kindly update ur email address in profile
iwill send the chart
rest dont know
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH:5698, POC-5686, VAL-5674, WVAL:5720, Pivot:5683, S1:5656, VWAP:5669
Looks like Bulls have found the base for the time being, with huge addition of 12.8 lacs at 5600PE. Need to see if it remains EOD, then we have a Ceiling and Base in place for this Expiry…
Thanks & Regards
emas converging in ns 5 min charts
confuence near 5650
after reaching 5656 ns dipped towards 5650 and have started to move up again from supp of ema
can this bounce be strong towards5672-77 range??
chhoti si aasha
stock4 - need one Amitabh-ji's hight white candle or else Sergey Bubka pole vault pls. bit tired since yday
boring and sleepy market today calm before storm freinds?
Master & All,
Would like to share a new consolidation pattern recognised first by Robert Wyckoff ( similar to rectangular consolidation).
Once pattern completes it signals a reversal of the trend.I have personally observed this in March 2009 on weekly chart and in 2012 June consolidation break out ( A wave per sir's labelling).
Please refer below link for the pattern which is clearly visible in intraday sensex chart. Outcome should signal a reversal.
Link : https://picasaweb.google.com/104414710222738283116/Trading?authkey=Gv1sRgCPLqxKTclMW5nQE#5797951294371875906
Raghavendra
Parminderji done.
Good Afternoon to Master and Dear all,
This hrs Open and Low for Nifty spot is same i.e. 5652.55
@ Master,
What is Lt & Sbi developing JNSAR?
Dzire sent u mail
lo ji hammer gave a dent
Mynac says 5675 and we see 5675 !!
Awesome. Thanks.
Request you to write an article :-)
ns at res of 5675 200ma in 5 min charts
Sanjay Bhai ..any change in OI of 5700ce???thx
@master
please do 1pm update. i am on mobile. thanks.
some unwinding started in 5700ce
but for larger move more unwinding shd be needed in 5600 and 5500ce
5676.75 is Resistance 1 today.
UP MOVE ON FALLING VOLUMES IN nf
2 pm close abve 280-89 inbetween is good 'reversal" for bulls. 70 should not break down again :P :(
only "aaradya" s cmng out..when Bachanji??..
Sanjay bhai
OI @ 1 pm showed 5600 put with intra addition of about 13 lacs but within 30 mins the addition has decreased to just about 9 lacs...so 4 lacs covered in this upmove. Or was this upmove done to cover the puts is an interesting question......
Sir,
What is Tatamotors tommorrow's JNSAR?
Weak bears covered their writing of puts, strong bears yet to... market in range as per options OI.
Nifty crossed 5DEMA, what will happen next
trail longs, may pull back from Dhema, if stop hit, go long at Eod, tomorrow gap up and Rally, Target 5930
ohhhhh looking for 700/02/22 today itself??? wah
Master put out his views in simple terms yesterday & close above 5DEMA is on the cards today..Great Sir..
Ilango said...
@ DZIRE,
When Week TA is in uptrend and day TA is correcting & reaches oversold region(Lead indicator reaching below 20 today), there is a possibility "either of a reversal" or "a pause in corrective fall".
For this to haoppen, week trend should remain "UP" and the prices should close above DEma as a reversal in day T/F.
October 10, 2012 1:53 PM
wahhhhhhhhhh AR vvvvvvvv yess 5944 waitingggggg for that..
thanks for the support..will close my system and take rest. :) :D
dzire ,
it seems inverted hammer worked well
Gap filled in spot and NF
DAY R2 5701
Approaching Dev. JNSAR and JNSAR
just stopped at tomorrows jnsar for the time being
lead indicator give buy bt not jnsar
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