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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
41 comments:
Good Morning Sir and all the GEMS of JN
wish you all the best!
regds
Thanks for update ilango sir.
@ Nilesh Patil,
"Red" till below 6055.
Rising Wedge in multiple time frames!
Premium from 40-60 to measely 10-15 levels. FII cash buying but long liquidation in index.
something is gonna to happen
Thank You Master.
Good Morning Sir!
5 wave done qt 5988, seems like a & b done now c could have started. Is my understanding...please guide
Ilangoji,
5(6023.7->6000.3) after 5(5988->6023.7)
How to read this?
Namasthe ilango sir and friends,
Today’s quote received :
How can you “SM_LE” without “I”..?
How can you be “F_NE” without “I”…?
How can you “W_SH” without “I”..?
How can you be “FR_END” without “I”
“I” am very important…!!!
But….but…
This “I” can never achieve “S_CCESS” without “U”…!!!
And that make “You” more important than “I”.
please guide sir, may be i am jumping to conclusions to soon:-)
Ilango sir hrly lema 6004 now break ,i am go short nifty . I am correct or wrong pl explain sir.
VIX is above 14.16
@ puravi
"a" being done is always simple;
it is the "b" which is complicated as it is "correcting the corrective a-wave".
hence, give it some time.
@ srinivasan k,
We keep "Break below & Break above" as confirmations only.
We prefer to initiate trades @ retracement points or @ supports & resistances shown to have a "low risk-high reward trades", keeping in mind the current strategy either "sell on rises or buy on dips" whichever is in force.
Thanks Ilangoji..
That cleared my doubt as well.
Sir,
yesterday you had mentioned Vix level of 14.16, how this 14.16 is arrived at, is it a retracement level, or some MA or pivot, please guide.
thank you Sir
5988-6024 61.8% @ 6002 Done
6024-6000 61.8% @ 6015 Done
6000-6015 61.8% @ 6006
Goodmorning master,
BN seems to have taken support @ 12585-90.
Major supports at 12571-40.
Expecting another Dip in BN while Nifty does it's "c".
SBI,PNB sell on rises for me.
@ chetas,
If you see "India VIX" google "30 min T/f", there seem to be an "inverted H&S" pattern with 14.00-14.16 as its neckline. Hence, sustaining above it, would indicate "bullish VIX but bearish index".
jai hind master , dr ji
excellent quote gauresh59
Nifty Future chart 30 minutes.
http://www.fileconvoy.com/dfl.php?id=g9509ea661cc5ca0999919927012711631f3e8a16b
thankyou sir,
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, VAH:6073, POC-6051, VAL-6029, WVAH-6037, Pivot-6035, VWAP-6024
PE writers are just ahead, 6000 Level on Future should hold for the time being, as highest addition around 6000PE…
Thanks & Regards
@Sujatha: I can see the trash icon, I was facing the problem of not seeing the trash icon due to my firewall. When I disabled the firewall for few minutes, trash icon appeared. Check if you also not seeing the trash icon form same reason.
There is a larger "a"-5988 to 6023.
There is a smaller "(a) of b" -6023 to 6000.
And they look to have 5-sub-waves;
Now if 5, they are likely to be zigzag wherein "b" should not retrace 80% and "c" is likely to have a fibo. relationship of either 0.618 or 1.
Apply & educate yourselves and see how you could understand "correctives" and the challenges involved.
converging triangle in 5min ns charts
may see a breakout or breakdown near 11.30-11.45 am
cmp 6021 is near upper T/L of triangle
Parimalji,
ur views for Wipro & TCS pl.
Thanks in advance.
vix 14.25,, up nearly 2%
Very useful link for claiming unpaid dividends/deposits etc.
http://www.iepf.gov.in/IEPFWebProject/SearchInvestorAction.do?method=gotoSearchInvestor
@raja - tks. i posted to "Sir" that the box is visible.. next few minutes i tried to delete my post, but box "disappeared" again :P let me try ur method
Wipro: 5 waves up done. no follow up retracement in place. hunch is that 5th being extended, yet this is not tenable, since 3rd was an extended one. am a bit confused.
TCS: took support at 1282 and galloping. may cool a bit for an entry. it is bucking the Nifty trend whatever.
Tata Steel: after sustained upmove above 200DMA, this scrip is now below this significant level.
looks like small reversal candle in 5 mts chart at 50% retracement,6029 levels
Good Morning Master & JN Family,
--> @ S4S, pt 3 of a -ww forming on 5min candles ? If so, one small dip to pt 4 & then a final spurt to finish pt 5 @ 6043??
shriram,
what is is this ww, already confused with ew, you think i have better chances with ww, any links for learning :))
Thanks Parimalji,
TCS retracement lvls are
1400.00 1309.00 91.00
1330.48 1343.58 1354.50 1365.24 1375.98 1381.80
So far above 1365.24.
Real test is at 1382.
Expecting to see.
ns may try to retest 6036-38 range
if could not break abv this range then 6005 near 1.30-1.45pm
#CHetas: http://www.wolfewave.com/what_is_the_wolfewave.htm
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