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...
22 comments:
Thanks for new update Mr. ILANGO sir.
Sir
u have given two possibilities in the premarket review as per the internals of the last impulse from 5988 up.
1 a terminal ,bearish wedge
2 a bullish running move
As per my understanding
if it is possibility 1 in play then last wave up from 6065 to 61xx should be retraced faster than it forms
if it is possibility 2 in play then last significant low 6065 should not break.
hence a 6065 becomes a good SAR.
is it ok to interpret ur observation in pattern as per these price values
Namasthe ilango sir and friends,
Today's quote received :
When life knocks you down on your knees,
REMEMBER:
You’re in the perfect position to pray...!!
Ilango sir , wht is ur view on jpassociates. Pl clear sir.
Good Morning Sir & Friends,
Parimalji,
Tata Steel is firm.
Ur view pl.
Thanks.
Tata Steel at support level of 200DMA.
for the next 3 settlement,
Jan 31 - F&O settlement, weekly and month close
Feb 28 - F&O , budget , weekl and month close
march - F&O, week, month and FY close
@ gauresh59
Excellent quote thanks for sharing.
looks 6100 level resisting ?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6091, VWAP-6100
Huge addition seen at 6100-6000PE level, 6000 seems like the bottom for this series now with OI just shy of 1 crore…
Thanks & Regards
Sir ILango ji yesterday in spot @1.55 pm in 5 min t/f open and low and high and close were same sir any significance of it , kindly guide thnx
Good morning Sir,
In the new chart the red possibility has been erased...does it mean that above 6104...the 3rd is in progress.
Please guide..Thank you
There has been a very HV trade of 29lac at 6089 since then NS has not come down...
Look at the (3) in the charts...
"open high low close same" It means no trade done on that time. This may happen. isn't it ?
Good Morning Master and Friends...Parimalji ur views on tatamotor pls
@Ilango: When can we consider the FII as net sellers? Over a period of time or only when they have consecutive selling days (with high volumes?)
Parimalji,
Any update on Wipro pl.
Thanks.
@21% OI increase in 6100PE indicating market may not fall?
Wipro has resistance at 21hrsma and then 34hrsma, it seems price is coming down from resistance level. among IT majors, Wipro result was lackluster.
Market participants are a confused lot. Sellers are not selling, market may have some more upside. Buyers are not buying, technicals are indicating a top may be in place. Yet, FIIs are buying constantly. In Jan they did not net sell for even a single day.
I think market is confusing bull and bears also
:(
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