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...
72 comments:
Namaste Ilango Sir & all members.
SBI Chart Analysis: CLICK HERE
llago sir good morning hope ur mother in the best of her health how is she now
SMO:
WW Pattern: http://uploading.com/41b86279/WW_5900CE_290120131000-PNG
http://uploading.com/2m6cff3f/WW_NIFTY_290120131000-PNG
GM Everybody
@Mynac: GM, OI ko kya ho raha hain....
DR Sir,
Thanks a lot. The contents of the book are enticing. At present I am reading the book 'Debt' by David Gaeber. An excellent book. It is very serious. I will keep it aside and will commence reading the NSE book.
Once again thanks and regards.
LV
rajapvt:
yes, refering to the same
Namasthe ilango sir and friends,
Today's quote received :
One of the hardest decisions you will ever face in life is
choosing whether to walk away or try harder.
Whatever you choose, choose with self confidence and accept the results with smile whatever may be..
GM Mynac
Dear rajapvt,
From 6000 & 6100 Jan PE addition,it looks that up to expiry...Policy to ab sirf ek bahana hai,asal me Bulls unka dono put me kiya hua writing ab save karane ki hi koshish karenge...aur ho sake to 6100 CE writers ko dhool chakhayenge.:)as well as for the time being the environment favors them...
@ Venkatapathy and Dear Sir : Can you share the list of books
Mynac sir,
there is also addition on call side, and 6100 ce has added more than 6000 PE ,
if it is bullish there should be some sheding in calls na?
Good Morning Ilango Sir and JN Friends
Rajaram'z
I have around 50 e-books
tell me name of the book you want if I have will share it with you.
After policy will share one book on JN group
Come Into my Trading Room
by Alexander Elder
@Mynac ji: Hope so, OI also getting reduced in NF. Let's give a chance to bears first then.
Nifty Future: 21hrsma is about to give a positive crossover to 34hrsma.
Dear chetas,
Due respect should be there for PE writers,as it's against nature law...so this current situation favors Bulls than Bears is assumption....and it is proved in last few weeks that for substantial fall from here,only cash selling is not enough,there must be reflection of the same in NF O.I. by way of addition...which lacks @ present..
@ Rajaram
The book which DR has suggested to me is on technical analysis. I don't know the proper link. Kindly contact him.
The other book I mentioned is a book on the concept of Debt, its history and how rich people make weaker sections debtors take away everything from them inclusive of their women. If they can no more do it in their own country they move over to other countries.
That is the purpose of IMF, Globalisation, BT cotton etc. Gaeber discusses all these things. This is not relevant to our day to day trades. The book is a had copy. I do not know electronic version is available.
If you are interested please send your mail ad. I shall send some to night.
Regards.
LV
Observations & Opinions:
Only Techanical Ways :FNO Nifty made breakout
failures of low with bullish hammer 3M & 5M
chart face strong bearish candles but likely
upside breakout worth buy hammer los SLO.
at what time Subbu will open his mouth?
He is wearing balck tie :(
most are expecting volatility may start
will RBI policy be a non event??
@Parimal
Subbu at @ 11 am
haha DR ji, not red or green, means ???
@Mynac ji: Bears took chance, now bulls marching ahead...
Observations & Opinion :
Track Bhel fno if kiss and 5M candles close
> 233 buy pull back and 2nd attempt to c/o 233
with Slo just Rs.2
231-233 past huge volumes from where it falled
creating resistence.Look hourly charts.
BN galloping higher ...
SMO: WW done trailing now...
6100 crossed with ease
Repo and CRR both cut by 25 BPS
bulls will resume the charge !
Master,
5 done from 6007?
pls advise
Dear Hitendra,
But two Nos.of HVT @ 6102.65 & 6105.40has now become hurdle for the day...
nothing happened firmly...only small channel upper trendline broke.....
Ilango ji,
wot sub-wave this this now ?
New-Impulsive or final "e" ??
Nifty has moved up from
support 6053-61
to
Resistance 6105-6115.
Similarly, BN moved to 12890 resistance.
Strength would be above these levels only.
Break of "6067" would indicate weakness.
Sir- Can you please shed some light on the charts and levels post RBI credit policy announcement?
@ shriram,
a=c would suggest
a=6008(or 6017) to 6088=80(71)
c=6057+80=6137(or 6128)
6000,6100PE OI zooming but 6100CE writers not giving up???
mynac ji....bakre ki maa kab tak khair manayengi??
@ Que sera sera,
If counted from 6008, it could be treated as 5 waves; hence, bulls would keep an eye on corrections/ retracements.
6008 to 6107.
38.0%: 6,069
50.0%: 6,058
61.8%: 6,046
If the retrace of 6057 to 6107 holds, then understand that second set of 5 waves have started from 6057 with 1 done @ 6107..
mmm.. tks master, will watch out
everybody will happy now.
"6128-37" is the resistance as per a=c scenario.
"6067" is the first sign of weakness.
Thank you Master for your relentless service...
NF: 21hrsma and 34hrsma giving a positive crossover, and NF is at the earlier high.
"6128-37" please get it ?
Sir- what's the resistance of BN post 12890 which it has crossed now?
Now from Jan 6100 PE addition,it looks that Bulls have decided this expiry above 6100...Let us see... Bye...
@master
if nifty cross 6128-6137 zone then which will be next resistance??
@Mynac ji: 6100 CE writers are not giving up so far.
@ Rajapvt: ;-)
@Anmp : > 6137 , next RES is Long Jump zone 6320-30 & then 6500 ...
Master 5 done from 6057 also
so can it be considered as 5th from 6008?
Thank you
Life's Big Mantra
Understaing value of yourself
and must believe that you are a precious person in the world.
@ Que sera sera,
These are 2-min T/f patterns. Go by your observations.
The upmove from 6057 to 6112 is steep.
@SMO: May be after expiry, we can think of it,,, but who knows. Trailing with updated stoploss...
Let's not jump to big targets until the resistance is crossed.
Revised
Life's Big Mantra
Understaing value of yourself
and must trust /believe that you are a precious/important person in the world.
Thanks master for the boost :)
mynac sir
Thankyou for your reply
now huge addition in 6000/6100 PE, 6000 Ce shedding 2.6 lakhs and huge writing in 6200 ce 27 lks and 6100 ce already started covering as you have predited
Dear Rajapvt:
where jumping? we r just listing out possible RES Zones / possible goal-posts if NS goes > 6137
Nifty Trading @ ATR sell Zone
Bhel all lemas Hourly,Daily,Weekly in compressed
mode at today low which also made breakout failures of the to days 1stlow,which was huge bearish tailed shape candles.Tails are rejection
of prices.233 is major resistence if concquered
the fresh bullish trend will emerge may take out
prievious daily high in next expiry.
Breakout of compression of all lemas big trade
set up is my past observations.
@Ilango
With reference to your observations over the past few days, you have mentioned that NS above 6135 reflects strength, until then it is a "sell on rises" Today's event has not as yet provided the required boost over this level..Could we then adopt a "sell on rises" approach or is too premature?
Dear SMO: 65xx is a jump and not seen in charts (to me atleast). We can let allow the numbers 62xx/63xx/64xx series that too after crossing 613x. ED may end there right? Correct me if I am wrong. No confirmation though.
BN has a new 52 week high and marching ahead !
@ rajapvt:
If NS > 6137 the ED option will go into background, hence the tgts / Res Zones for Extended C.5
need to keep open mind on all options pls
@ Indus,
Till 6135(approx.), the bearish rising wedge/ ED pattern is valid.
Larger T/F trend remains firm.
These are the objective observations.
If "sell on rises", it must get stopped out @ 6140/6150.
A sell confirmation would emerge @ the break of the minor hour channel first @ 6040 & with a close below 5DEma/ DHEma..
Breakout in Bank Nifty.
New Post Done.
6098 is support
now if trade abv 6113 will trgt 6128ns levels
Post a Comment