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...
32 comments:
Good Morning Sir ,and all the gems of JN
wish you all happy profitable trading day!
regds
Good morning Master & JN Family,
Ilango ji --> How time flies !
On 30th Dec'12 , i completed 1 full year in your school , and dint realise it till today :-)
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Shriram said ...
Illango ji,
I follow ur blog everyday , though time constraints often limit my contribution.
I must thank u for enlightening me on the simple yet fundamental aspects of TA.
Am just 3-4 months old into TA & ur blog has accelerated my learning immensely.
Thanks & wish u a gr8 yr ahead!
rgds
SMO
Dec 30 , 2011 5:45 PM
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Had begun Wave Surfing in 2011 , but was like a Mis-guided Tomohawk missile, trying to Nuke the pants out of the market , oftentimes buning my own backside in the process :-)
It was only after reading thru ur Wonderful Hi-Lo system , that REALISATION of TREND dawned.
JNSAR was initally a rude shock to my "Ahankar" / my ATTACHMENT TO AN EW LABEL, but TREND FOLLOWING taught me the supremacy of PRICE, made me HUMBLE, & a FOLLOWER for life !
The Lord of the Rings is a seminal work in English Literature, by JRR Tolkien & i will quote from the words of "Gandalf the WISE"
<<
The true heir to the throne of Gondor, the blood line of Isildur , will be an INSPIRATION, A HEALER OF MANKIND, & rid them of their malaise.
He Aragon, the Ranger, will walk tall on this earth, a KING AMONG MEN, the KING OF GONDOR & HE SHALL INHERIT GOD's KINGDOM ON THIS EARTH & THE REALM BEYOND !
>>
Ur that king MASTER , u have healed so many of us of our MENTAL MALAISE, MADE US "SEE" PRICE, & SHOWED US THE PATH OF ENLIGHTENMENT..
YOUR APPROACH TO TA & the JN BLOG ARE INSPIRATIONAL & MORE SO IT GUIDES US UNTO THE SPIRITUAL PATH OF LIFE
I thank u for chaning my outlook to TA & to life.
best wishes & God Bless u sir . May u inherit God's Kingdom on this earth & the Realm Beyond
:-)
SMO
Namaste Ilango sir and all,
Sir can you give the developing JNsar of Tatamotors?
Good Morning Master and copy to All
Line is clear but trains are delayed due to fog
keep eye on signals they may be diminished but when you move closer they become clear.
@ shriram,
Thank you.
For a person who was into TA just 4 monts @ Dec.11 and one year later, you have been "sounding to all of us" as a person of immense experience.
You must be the "camphor kind"...catching on instantly.
Our wishes that such a knowledge is applied diligently in a disciplined manner to get rich slowly and enrich many lives in the process.
@ satheesh,
312.80
Sir,
JNSAR @ 10 is in RED, is it a whipsaw.
Regards
Thanks Sir
Ilango ji,
Simple ABC FLAT done ??
a 6017 5987 -30
b 5987 6015 28 -94.3%
c 6015 5983 -32 107.7%
a small bullish WW developing in ns charts
ns may dip towards 5977-72ns levels to form pt 5 and then may move up near 6003-6008ns levels near eod
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, VAH:6044, POC-6037, VAL-6030, WVAH-5914, Pivot-6041, VWAP-6023
Very low addition till now, but some aggressive writing seen at 6000CE, maybe Bears want to keep Nifty below 6000 for weekly closing will the Bulls help them…
Thanks & Regards
Am new to this Blog a month old, one line i wanna say about Mr. Ilango.
"You are a Non Voice form of God for many People"
An interesting observation is that Nifty range in the month of December to its prev month close was lowest in last 22 years (2.42%)!!
I found 4 months in last 22 years which were below 3%. 3 from those 4 gave 10% move (either way) in immediate following month.
Otherwise also I have more than 8 contraction patterns in last 25 days in Nifty.
All these is enough to indicate that we might have a blasting month for Nifty (Either way). We call it expansion.
So trade and trade breakouts. Might prove killer one for buyers and kill writers !!
@ MASTER
Would you like to comment on above view , as your words are all to us
Rajaram'z
Thats hour jnsar
jai hind master, julius sir , dr ji n all
Line is clear but trains are delayed due to fog
keep eye on signals they may be diminished but when you move closer they become clear.
DR - is ka kya arthghatan karen? :-)
Jet Airways (India) confirms to a stake sale negotiation with Etihad(TOI). stock up Rs.6.
@ shriram,
"If"...If it is a simple flat, 5983 should hold.
If not, it could still be a correction upto 5957-63 zone.
Break below 5947 & 5935 would compel us to seek alt. labels such as "irregular flat" in 4th or even a likely reversal.
Considering FII's inflows and low VIX readings, give the bulls due respect.
@ MASTER / Blog
Can you kindly give some light on Pantaloon share for Investment purpose , I was just observing Daily, Weekly , Yearly graph , its shows huge volume in bottom & most of all for Buying ,, With CAIRN , TATACOMM I looking for another share to add for portfolio kindly suggest
tks ilango ji :-)
Dear master ,
Here i am again with my triangle query need your kind suggestion .. really confused again .. Can we consider that wave 2 (RED) is forming triangle ... Please guide
https://picasaweb.google.com/110704739388385748535/January42013#5829472322257596178
Dear MASter it is bank of india chart
Another day of consolidation for Indian market. even world markets are also in the same mode.
ns forming a small bearish ww pattern
may move up abv 5997(5) soon and then
ns may trgt 5983-77(6) again near 1.45pm
5977 may be pt5 of a bullish WW pattern
trgt is abv 6000 near eod
@ sandeep bhoite,
It is one of the forerunner in "FDI in Retail sector play".
It has come down from 528 to 124 and rallying now, presently making HH & HL. It is a buy on dips for LT.
It is a portfolio stock and look for buying opportunities.
Financial Tech on a rampage. 40 points since today's opening!!
@ MASTER
Thank you again for your kind words
@ SAM ,
BOI fell from 589 to 254 in a 5 wave fall.
It has completed "a", "b" and in its "c" wave.
Follow retracements of 50% initially.
@Parimal, TCS above resistance 1280. SBIN trying to knock out resistance 2475
a fast fall setup may emerge in ns 5 min charts
ns shd not sustain abv 6004
Thanks Master ..
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