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...
33 comments:
Sir ILango ji and everyone good afternoon
6020 stop loss for longs ?
Nifty Range:
10:00 --> 6045 - 6023 = 22 points
11:00 --> 6039 - 6027 = 12 points
12:00 --> 6041 - 6032 = 9 points
Sell on rise in Day T/F normally takes the price above DHEma by 20-25 points.
Sell on rise in week T/F similarly takes the price above WHEma by 40-50 points.(presently it is 46 points from WHEma-5999)
addition in CE 6100 and PE 6000 where to go stuck above 6000 and below 6044 for a while.
Good Afternoon Ilango Sir and Blogmates.
Dear Ilango Sir,
If I'm trading based on Hi-Lo EMA setup then,
should I consider today's DHEma (6021) or dev. DHEma (6029) to take the trade?
Kindly advise!
Ilango Sir and Shri Ram,
Request views on this ALT - EW Count considering an Ending diagonal in V or 5th of C.
5.1 : 5548 to 5965
5.2 : 5965 to 5843
5.3 : 5843 to 6042 (199 pts)
5.4 : 6042 to 5941
5.5 : 5941 + 198 = 6140 ( 5.1 > 5.3 > 5.5 )
Can we have "V" negation at 6140 instead of 6115. 6140 also concides minor top at 6147.
Raghavendra
india Vix above Mid bb 13.92(20sma). rallying from LOwer Bb on 9th Jan, top bb at 14.9.
tomorrow moring is US vix expiry. US Vix crashed after fiscal cliff "deal ", but started recovering after hitting lower BB,
anyway does it matter for us, no idea, saw Nf premium/ coc down substantially so some vix game is going on
Parimalji,
Is there any pattern change in TCS/Wipro?
By price, both look weak as below ORB.
Thanks.
chetas - "Nifty future" என் நண்பேண்டா :-) ha ha it will change it's colour @ right time but "y nd how come u r comparing VIX nd all" for trading?? is it worth r u able to do something?? still NF 6067 @ EOD closing basis is tough.. may GOD BLESS the same for this month ,if taken out upside then "govinda govindaaaaaaaa for bears" :P
sir you said
Sell on rise in Day T/F normally takes the price above DHEma by 20-25 points.
Sell on rise in week T/F similarly takes the price above WHEma by 40-50 points.(presently it is 46 points from WHEma-5999)
but sir yesterday price closed above DHema ... so how to know that sell on rise has finished
1.00PM TT Updated.
@ Stockathon,
For High & Low emas, the developing one is the correct one.
Wipro: completed 5 waves. now corrective 'a' is running.
TCS: after 100 points rise, retracement is possible. keep an eye on 1330.
Sister,
for options trading vix helps a lot. Also Options pricing is based on Nf , you could see today put option 6000 is up 15%, though NS positive.
I trade is S&p, and there Vix is very relevant.
As long as NF trades within the expanding trianlge pattern, my guess is next is 5950nf atleast 5975 lets see
TCS: one more thing, TCS often bucks trend of Nifty.
Thanks Sir!
Will consider developing signals only henceforth.
just now, Global Es broke yesterday S&P future low of 1460.25, and all market falling also euro falling and may be a double top at 1.34, trgt 1.325 levels
Thanks Parimalji,
retrace lvls for TCS are
1400.00 1255.80 144.20
1365.97, 1327.90, 1310.88, 1293.87, 1284.64
below 1365
now if BN could not break and sustains abv 12755 then may hear a thud noise
cmp 12740
ns 6030
@ shivanGupta,
Following just one study could leave you in a dark corner at certain moments. (Barring the mechanical ones-even they have their moments of whipsaws which need to be handled with certain other trading strategies)
Nifty closed below DLEma on Friday, 11th.. We could do an "optional long @ 5942 on the same day". And we could make a strategy to "Buy above 5972-75" before the market opened on 14th. These were possible with readings of technical analysis.
There are guidelines like the one this morning's "Open & High being same" to alert us of "part booking".
There are many such guidelines one need to apply to handle the "ever changing market".
Week's sell signal was followed by ST buy signals yesterday. We need to be cautious in the next two days @ higher levels while trading "Buy on dips of ST based signals". The "Sell on rise" of week T/F could affect the prices towards the later part of the week, unless it gets negated with a "close above WHEma" this week.
We do not know "which will happen". We "follow prices using ST signals" while giving due importance to higher T/F signals when it matters most.
BN abv 12755
now guess BN(after drinking red bull) may pull up nifty
Sir - that's golden words - "one need to apply to handle the "ever changing market". i feel "good calm and quite mindset" is must for "traders" than the "technicals" a lesson "learnt from you"
tks nd regards
a perfect bearish WW played its innings in ns while i was looking at BN as it was a bit weaker today..missed trgt in BN by some pts
now possibility of a bullish ww may play its turn
ns may dip towards 6010-13 range near eod and may trgt abv 6040 tommorow
Thanks Sir
Europe RED.
RED Bull effect wl come
@ Sujatha,
Trading is a mind game. It is not only the analysis that makes money in the market – but the correct application along with the right temperament. One might have come across many good analysts but very few successful traders. The sole reason for the same is psychology.
I put it as : "good calm and quite mindset" is must for "traders" in addition to "technicals"....
As sir says when daily is up, hourly OB conditions get resolved intraday and mostly by shallow corrections.....it looks like today is that day.
Infy: on hrly chart price corrected and indicators are giving positive divergence signal. if this spreads to daily chart, price may see more upside.
Nifty in ATR Sell zone now.
GR8 post, thanks for share.
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