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...
45 comments:
Sir ILango ji spot has a - ve divergence in day t/f how it will be negated sir kindly update on this thnx
@ Thank you Ilango Sir for your guidance.
@ Rajpvt Sir - Thank you.
Illango Sir,
One question on Gaps...through the rise from 4770 till today..we have nearly 13-15 gaps. Need your thoughts on below.
1. Has there been any rise previously with these many number of gaps ?
2. Considering larger TF..for a large correction post this terminal..can we assume that each gap will support/pause the downtrend?
Raghavendra
@Vipul: Do not call me as Sir. I am a learner here.
Y & D/parimal - thank u very much.nd nifty future done exactly :)
as per me - 6049/63/109/173 is the target positionally. 1 st done 2nd not done and failure @ 6049 is will give some -ve ness and can book some good retracement level. all the way "63-66" is impt.
thanks a ton for your guidance will be careful in future while cleaning the files.
regds
@ Raghavendra,
Frequent gaps happens generally in a corrective rise or fall.
Whenever the correction resumes, the gaps are likely to be filled and they will act as brief supports.
Master thank you
a small bearish WW pattern may develop in ns charts cmp 6001(may dip below 5998 to form pt 4)
ns then may move up again to form pt 5 near 6012-16 range at 1.45-2.00pm and may dip towards 5995 be4 eod
Y& D - taken the following figures for future level for last month
NIFTY
6002.85
5845
5951.75
SBIN
2415
2182
2400.4
Bye
Spot below 6000 sentiment,,,
@ amber,
While a -ve div develops, prices could continue to move higher with brief corrections.Only a close below 5Ema confirms the divergence.
In 3rd or "iii"rd wave(Sub-waves), divergences could persist but may not result in a fall.
There is no question of negation when the prices haven't closed below 5Ema. Once it has closed below 5Ema, the negation would be closing back above 5Ema or crossing the prev. peak.
Sir thnx very much
All events now finished,
I think now nifty make a big correction
may be today or tomorrow close below 5dema
Prithvi ji,
Quoting "master's" words.
Predicting market is dangerous..lets flow with the market..5DEMA to start with.
Darwin: not that only those who are strongest and most intelligent would survive. only those who adapt to changing situations would have greater chance to survive.
Prithvi
Plz ru sure -200 point gap down is coming?
Plz spend some time on chart and tell me how many times in a year mkt opened -/+ 200 points?
@Prithvi: 200 on sensex is okay and might have happened, but not on Nifty.
Observation & Opinion :
Usually 60 EMA on 5 M chart gives price
equally to 5 H.ema close.Imp as "Trend Changer"
Ema 13 on 5 M gives good mkt clue c/o above or
below 60 Ema.As per my opinion EMA 13 on 5 M
nicely works as Flag OR Penaat.It works even
similiar to Trendlines.Small red canldles without
volumes gives sell signal on most of Ema cross &
single bigeer bulllsh candles turns mkt to bullish & vice versa.Pleas make observations
& share which may benefit all.
I am using since long as my 2nd Trade set up.
gives nice results.
@Prabha Gopalkrishna
can u provide me a link of Ramki Sir's Book
thanx in advance
Blogmates/Ilango sir,
I have doubt on the tech table, at the end it says that if the 5 EMA price closes above LOW EMA to buy but again on the third row it says if it closes below High EMA to sell. I find this to be a little confusing. Can some one help me understand.
Thanks,
Just kidding DR sir,
Sorry for my comment
Not doing in future that type of post/comment.
Very difficult for the mind to remain in "NOW", this "MOMENT", either it is wandering in the Past or Future. By this it looses the pleasure of the Present.
When market is O/B on RSI or Stoch.
I try to spot short trade only when it existing
80 but must be confirmed by the price oterwise
it ends in trapes.
pre mkt view of sir is enough.
A break-out done; a minor pull back done.
Only a firm move past 5977 or 6014 could be construed as the next impulsive move, considering the overbought nature of week & month.
However, the ST day & hour are yet to get into overbought zone. Today's price action-whether impulsive or muted and tomorrow's too would have more clues.
The prudent way to deal with it is to aggressively look for divergences or conservatively trail the prices
@prithvi
just an advice...
keep following JNSAR strictly i am sure even if that happen we will be in right direction means in profit......
barabar hain na DRji!!
@Sunita Mishra
Give me your id ,I will send
@S4S: What time frame you use?
Thanks Prabha
Good afternoon all.
i am not expecting market will sustain above 6000 at least today
@Anmol: Can you tell me where it can close today?
thanks, Prabha ji
All of a sudden rise in gold.
is there any reason?
Gold duty Hiked
Hitendra,
Strong rumour of Gold Import Duty getting raised since morning.
Thanks
Naveen & SJk
Gold has broken out of the ST consolidation range on 30mnts chart.
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