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:
@ STOCK4SURE,
It does exists as a completion of correction.
Why is ONGC falling so much?
my guess is nifty may dip towards 5934 today and that can be low of jan series and may move up again towards 6020-6026 near eod
monday may be small gapup and ns may make higher highs near 6045-50 range
tuesday and wednesday can be bearish again for trgts of 5955 and then an upmove may start towards 6123ns levels
sir /friends
is it matching with any another analysis like EW or any other???
@Ilango
Based on the conservative trade table and your comments, would it be prudent to enter positional longs if EOD holds above WCEMA???therefore, assuming that the corrective has ended and "buy on dips" is in play?
can someone tell.whether gartley.pattern target of 6130 can be conquered in this month only
@Billgates: It was a monthly pattern. Have you noticed it?
BB
govt is to hike diesel and LPG prices which will put pressure profit margin of oil companies
@Billgates,
Which thought u make good trade???
Jo hona hai woh hoga, follow hourly charts and than day and week and month,
Door ki chinta, badhata hai najdik ka dukh
@ Indus,
A simple corrective should end around 5933(+/-).
Below 5933 would be bearish on day t/f and could lead towards 5825.
Buy trigger may now be revised to "Above 5981 or 5986".
@ Parimal, if Govt hikes price it should be good for them is what my understanding- am I wrong.
@Master,
Can we go long near 5942-5930 as per premarket view??
Or wait
21ema also at 5933
ns may not break below this in hurry
Ilango ji,
Can u pls Check this alt. lable set
A 6042 5959 -83
B.a 5959 6005 46
B.b 6005 5947 -58 -126.1%
B.c 5947 6016 69 150.0%
C 6016 5964.706 -51 61.8%
C=A , will be = 5933 to complete a Simple ZZ ??
JPAssociat looking good for a big upmove
may dip towards 95(cmp 95.7) and then may move up towards 105 this series
BB
price hike will be there to meet/reduce subsidies and not to benefit oil cos.
@ shriram,
It is possible.
But it could be very bearish cos' of "irregular flat".
@Buy Wale Sukhi baki sab dukhi,
It gave surprise.
Sister,
no carried positions, I wake up very late, so did not trade in morning, small short position now, for trgt 5930 levels, lets see
@ Buy Wale Sukhi baki sab dukhi said...,
Considering "strong FII inflows & Low VIX readings", that option was suggested.
Add to that whether prices close above "DLEma" at EOD.
Nifty currently takes support just above 5958 DLEma
BHEL is marching 220 level...it is playing 220 -245 ...if nifty holds 5933 then can enter @ 220 for the target 240 ...
if infy was neutral, how much pints we would be down, can anyone let me know, thankyou
Namaste Ilango Sir & all members.
Kumar
Sun Pharma is also doing rounds of 720-25 to 772. CMP 737.
1.00PM TT & Chart updated.
@Parimal,
Thanks for your information.
@STOCK4SURE,
Thanks. JPAssociates holds 95 (two week low), then we can see 100+. And it will dance with Nifty very nicely.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, VAH:6017, POC-6006, VAL-5995, WPOC-6037, Pivot-6007, VWAP-6009
Huge addition of 12.3 lacs at 5700PE, looks fishy when market trading around 6000 Level, Strong addition at 5900, looks like range till expiry now coming around 6100-5900…
Thanks & Regards
tks ilango ji
the 61.8% is done .. if corrective, shud end in this zone , or max take the support of WkEMA
@ shriram ,
The technical reason for the Short term bearishness, besides having closed below DHEma, are:
Persistent -ve divergences in macd & rsi in day chart(EOD Post). These are generally reliable ones.
chetas - if this low is protected then 6K spot possible onceagain as per me :P "good trading market" this week...(intra) if u bless me more will be thankful :)
Friends
LICHSGFIN - after touched 300 level now it is trading in 280 - 290, can re-enter into this stock with SL 275. If someone is watching this stock, can throw some light.
Kumar
LIC hsng fin: day chart shows negative divergence started at 300 and since Stoch and RSI14 are OS but Macd down, i feel like waiting for reversal signals. it is a favourite stock for me.
Parimal please alert us too as I am also looking at it.
@Parimal,
Thanks a lot to share the information.
Master,
Few days back had commented on BankNifty.
"BN, holding below 12835, could correct till 12620 in its bull mode. "
Now BN is below JNSAR 12711, Please tell me your comments on this.
a small bearish WW developing
pt5 may form near 5980ns(cmp 5968)
pt 6 near 5960 near 2.30pm
@ Master,
At which level wave-2 possibility can forget??/
--> back
Tks ilango ji,
within upmove from 5823 , can we consider a 0-2 line now @ 5750 zone ?
** typo sorry --> pl read as 5950
New post Done.
wow such a wonderful info you gave in these blog. I really like it . it’s really good for traders & investors.
Best nifty Tips
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