@ Prithvi Yashashvi,We don't calculate Elliott waves...we just see them "effortlessly". The moment you put in "efforts", it "vanishes" or "gets cloudy & unclear"."Calculations part" may come in once you are able to identify waves for retracements or projections.Learn using hour EW or even 2 minute T/f.Trade using daily EW.
Ilango ji,Looking @ options OI , may be the "b" wave is unfolding as a Trig. ??rangebound betwn 5630-5725 for a few more days ??
Good morning master and all friends....des se aaya par durrast aaya...hello to all friends, PS, DR, cooldent, mynac, parimal, shriram, parmindarji, s4s, and all.lagata hai nifty ko bhi thodi anesthesia chad gai hai...bina hiledule padi hai!!!
Nilesh,u mean "no" or "po" ?? ;-)
hi PShow i forgot Sujata......sorry mam..!!
sir you said we are making rounding bottom but for rounding bottom prior trend should be downhttp://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reveplease clear the doubt
dinesh ji ssa
@ Anmp seth,Meri Gujrati kacchi hein, bhul-chuk ho to maafiSudhari leva jevi chhe potani BHULBhuli java devi chhe Bijanu BHUL Aatlu manvi kare Kabul To har roj dil ma uge SUKH na PHOOL Happy Navratri to all :-)
@shriram,posted u a query for ur analysis in yesterday eod post
@Shriram,Now go baby go.nifty halatch nahi
@anmpatel Whenever I see your comments, it reminds me of Boman Irani's character "Virus" in the movie "3 Idiots"From one hand you seem to trade futures and from other giving anesthesia :))I wonder what goes through the patient's mind at the operating table :D
Master Fibo still to be considered or it was for opening session only..reaching 50% @ 5690
@piyush:if this is indeed C.3.4 and ended @ 5634 ,say, then, C.3.5 shud be in some way related to either C.3.3 or C.3.1To calc preliminary firstcut tgts, i prefer to start wid some Fibbo % of w1 and then equality & then ,some % of W3 (if super Extnd only )so, we have T1: C.3.5 = C.3.4+ 61.8%xC.3.1 = 5634 + (5449-5033)*.618 = 5891 as a prelim tgt for 5th subrgds
@AJLOL.....ab ye bhi bata do '3 idiots' kau hai...jo meri bajate rahte hai!!!
Parminder Ji SSA
@ AJ:ROFL .. He "shorts" teeth & "longs" gums ;-)
@shriram ok. 2 waves 1st and 3rd will be extendedwrt 5th then
@shriramaa nifty to halti nathiaapne dayro jamawo
Nifty is not respecting any number, only respect trend lines. 5725-5635. what i feel is both triangles ascending and descending working.
@shriramyour gujrati is not too bad...nice lines.
@ piyush:wait, pls re-look within C.3 thusC.3.1 5033 5449 -416 C.3.2 5449 5216 233 -56.0%C.3.3 5216 5815 -599 144.0%C.3.4 5815 5634 181 -30.2%C.3.5 5634 5891 -257 42.9%Only C.3.3 is extended (> 138.2% x C.3.1)looking @ the DAY TA channels C.3.5 will limit to length of C.3.1 max to max, is my view for nowOr are u looking @ any Alt lables up from 5033 pls ??
crossing J10 Sar!
Gain of yesterday from the upmove of 5684 is almost gone by today's decline......
@ilango ji,"b" wave doing a trig sir ?cu all after 14:00hrs, bon Apetit!
JNSAR pushed the prices up but trend is flatnot with much impetus
Nifty Pre-Market View:Nifty, presently, is consolidating around 5684-90 to 5715-20.Home work has worked.From now on, guess work.Below "5670-75", more weakness.Above "5705", strength could return.
61.8% of yesterday's rise is around today's low 5685.
i posted a chart of ascending and descending triangles. all friends comments are wellcome.
416/257=1.62, 599/257=2.33 so wave 1 and 3 extended wrt 5??
nifty breaks both today HA open 5688 and tom developing HA open 5695 too, like day before yesterday(friday). another DOJI....range trade will be there.
@ Atharva,In a sideways market, you initiate trades only for intraday.And if you have a positional trades, then "trade those positions" using the "supports & resistances" and convert them to new positions based on "developing TA" - Dynamic trading and is possible only with "smaller positions".
time for petpuja. see you soon. this hour HA open is 5703.31
Let us not make fun of another's misery.
Ilango Ji,5670-75 is it because it is .73 - .80 of the last rise?What the idea behind 5705 ?Thanks
(ii) wave taking so much downsides is not appropriate. - Downtrending.
ILLANG Sir,are you holding the 5695 nf BUY?
@ Renju S,It is downtrending.Use them for confirmation only.You're right.5705-HHEma.
@ kuheli,I do "dynamic trading" with an objective to "make money" and not to prove a study.Within the 90 point range, even a put option would have lost all the premium if one hasn't traded them.Trade...Trade...Trade...
Ilango Ji,Got it..Thanks.
Ilango ji,Just to add - if indeed it was uptrending, then the upmove should have taken out 5722 is less amount of time.. it had till morning hours to do so but it didnt.. Now what we have is a fast fall on hourly building up..
Europe is in red yet AGAIN today.....
any body is tracking adani enterprises. Stock is up with good volumes.
@IlangoCould i bother you for the JNSAR of jubilant food?
@ Ashish Agarwal,Whatever we do from the mid-session is most likely a "guess work" as we have observed that EOD TA works in the first half or less and only if prices continue in that view's direction, one could feel safer.Here, the prices continue in "downward direction" as per our EOD TA 's positioning of a "consolidation ahead".Now to continue further down, Nifty must break below 5671(80%). Then, the revised EOD to be considered.
@ Indus,Last time when you asked for JNSAR of a stock which was not covered, I had to download the prices, update a new file and then provided it.I am crazy. Even the current selection of stocks is not possible to be updated during the day as I do them manually.I hope you understand.I suggest you use 10 DEma or 10SMa.
Swami ShivkumarAdani has strong support at 208 if you could catch.Adani has broken the descending triange at 224.30 in the noon trade.Target is 245.
THanks Ilango Ji. This 5671 to 5668 range would again become a pause.. thats where D LEMA and lower trendline on yur chart above is.
@IlangoIndeed I do...many thanks for your time
@Manish, Thanks for the reply.
Master @ thanking you... still saved 5684..
if it is a downtrending market how come 5684 was not cracked even for the 2nd time and NS bounced from there...
@Indus Ji,jubilant food - 10SMA:1318; 10DEMA :1328; RSI(9):30This is based on EOD value.
@ ilango sir,can we say rounding top in 5 minute chart 12:50 pm(22-10-12) to 12:50 pm(23-10-12).if yes, plz some light for the target of the pattern.with thanks
today is NR7 day till now.
@renju...many thanks for your help
anmpatel not only NR7 it is NR14 so far.
New Post Done.
Last 15 days JNSar hitting me like boxing ring...Dhisum dhisum........
Namaste Ilango Sir,Market direction looks weak and November future Breaks 5650 and there is chance to fill the gap between 5583 and 5515. Can we expect Nifty October Future can come to 5554-5487 for this expiry?As we see DAX is going down for targets 7170 and 7030..Please suggest us.
Very nice and amazing blog. thanks for this great blog....RGDS