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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
48 comments:
Gap up of Nifty did not have any bearing on Midcap Index which is down by 50 points.
now a days market opens high and then slips off.
Parimalji,
Thanks.
Benefited wildly in TCS.
Now no position in any stock.
If low risk take is there, pl post.
Namaste Ilango Sir and fellow bloggers
LV
@PS
should we reverse (long) with 20 point SL on JNSAR previous short at this point or now wait with SL of 6003??
little bit confuse? or close position till clear pic??
thanks.
Good Morning Master and copy to All
Namasthe ilango sir and friends,
Today’s quote received :
Without God
Our week would be
Sinday….
Mournday….
Tearsday….
Wasteday….
Thirstday….
Fightday….
Shatterday….
7 Days without God makes us really weak….
Have faith in God ….!!!
All is well in the long run…!!!
Ilango Sir,
Yesterday's resistance of 5975~5978 could become support now. And it is also not 80% of rise (5960 to 6019)
just for educational purpose to enhance my knowledge.
TCS, if bought above 1260 is good for holding for medium term. above this level institutional purchase may increase.
good morning DINESH RISHIJI>
:)
@ anmpatel
Such a big opening red candle has rarely been a part of an uptrend.
@master
aap ne bol diya bus......patthar ki lakir...
holding short with 20pt SL. thanks for clearing doubt and boosting confidence...(you always start the engine)
thanks.
TCS: For a re-entry one can have patience for retrace. watch 1260 carefully. TCS can retrace by 50% of the rise which comes to around 1275.
@amnpatel,
if i know ur present position of jnsar i can advise u better. r u in jnsar shorts or longs
@PS
holding short as yesterday closing basis jnsar short.
Good Morning Ilango Sir and friends.
@anmpatel,
if u trade jnsar on closing basis then better follow that. then long on close above 5983 (3.25 prices). even sir has also given u short view.
@ anmpatel,
As long as the observed points remain factual, the trade direction is in force - long or short.
Only the EOD prices could bring in lasting "changes".
Being the last day of the week, Just one number for the day-5978(Wk.pivot & WHEma)comes into play "NOW" & @ the last hour..
Infy surprise so time for TCS wipro to disappoint ?
full moon today, i was thinking Gap up will atleast make a new high, though global cues are positive,
just wokeup, did miss the big move in infy
Reposting :
Sir, I had a doubt on Gartley pattern,
whether the extension after 127.2 can it stop at 138.2 (5958, already crossed ) and 150 (6075) or after 127 it normally does 161.8.
January 10, 2013 8:54 PM
@master
@PS
thanks.
sir didn't get you
When IT sector reverses "strongly" at open, it is obvious that the "Exodus" would be in Banking sector.
@ chetas,
I do not understand "Gartley" at all. Never attempted it. I'm happy with the studies I have.
I'm impressed with its practioners and its utility in making "Big trades".
I'm sure "Satheesh" or "Harpreet" or Debdeep" or any other followers of gartley would be able to answer.
@ chetas,
Today is Amavasya... it is difficult to see the new HIGH...Full Moon Day is on Jan 26 2013...so there is the chance to hit the HIGH on Jan 25, 2013...And the RBI rate cut's announcement is on Jan 24, 2013(not sure of the date). Today nifty would find the support at 5942 ...Finally it would close around 5978...
sir any idea and its impact on market iip number and ta charts
GM sir nd friends :)
chetas - u r thinking "gap up" OK.. but u hv positions or not?? based on ur thinking :D today is "hanuman jeyanthi" let hanuman fly. me too expecting a bounce nd with a "call" (risk limited)not in NF :) for safe side. the whole week upto today Nifty future open nd close is OK not bad at all. as IIP time nearing am tightening my seat belt
Illango Sir,
what is the view on Infy now.
last few times the technicals where showing a fall in infy before the results. But this time was there any technical warning about this big up move?
thankyou
@ Jitendra Mishra,
All our studies are based on "prices" only.
Events & announcements & global cues must be looked @ as opportunities to re-enter.
Occasional "bruising" is likely just as in any battlefield BUT "the discipline of following our studies" will reward us consistently.
@Nilesh Patil,
Wt about Infy????
IIP at -0.1%
@ chetas,
Infy's ST readings were oversold. There was a 50:50 possibility.
Weekly downtrend of few weeks looked distinctly "corrective". Unfortunately "weak below 2380 & strong above it" did not give an opportunity to enter @ 2380 at open. However, those who entered @ open would have benefited.
Holding above all Low emas of Month/ week/ Day/ Hour negated "serious downside" possibility.
In sum, there wasn't any decisive indication for a 10% plus gap up.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, VAH:6017, POC-6006, VAL-5995, WPOC-6037, Pivot-6007, VWAP-6014
Huge addition at 5900PE and 6100CE, with no aggressive writing at all, IIP data at - 0.1% was a no show…
Thanks & Regards
Infy has had falling wedge pattern in place on hr, day and week time frames which might have played out today. yet such a big move should have other (unknown to me!) rationals too.
infy on fire !
thank you for devoting ur precious time to ans my statement. i dont finf words to pay u respect since u r god of market and by trying to learn ur teaching i hv saved myself lot of time .thanks
@Nilesh Patil,
Badi jordar 'abcd' pattern tod ke bahar nikala hai infy ko
Good Morning Master and Friends
Infy again: 15% plus and still counting!! What a move!!
TechMahindra is climbing steadily, so also TCS, seems so far not ready for ritual of retrace!
Sir,
Thankyou for your detailed reply, how lucky we are!!!
Tata Motors hrly chart: a negative divergence has created a bullish flag pattenr. seems price will move up further.
In short,everybody shorted infy as per its last perfomence ,and operator gave reply
Good Morning Ilango Sir and Blogmates.
@2750 infy 1st tgt,
to be gap filled
G.Afty Master & JN Family,
+ww on Infy has worked !
1st tgt 2575 is done....
Now looks like a C wave tgting 2730-2800 on Wk TA to finish a ABC FLAT
New Post Done.
sir,
does any possibility exist of ns dipping today for lower lows near 5934 and covering all losses be4 eod??
@Buy Wale Sukhi baki sab dukhi,
It gave surprise.
Post a Comment