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...
29 comments:
@ Master has tatamotor completed its corrective rally or it has more steam left???
Ilango sir if hrly hema breaks what indication pl explain.
2.30PM hone wale hai.......
@ sudharsan,
TataMotors continue to show -ve div.
Prices need to close below DHEma for weakness.
Remember: The best trade set ups are when higher T/F confirms a trend and lower T/f completes a correction. Market provides many such low risk-high reward opportunities.
Any "shorts" taken in TataMotor due to "Just" divergences should be of aggressive kind and must have small SL as "the current trend could continue & take prices higher."
Ilango ji,
The RED lable needs to be re-viewed
a 5965 5843 -122
b 5843 6017 174 -142.4%
b > 138.2% x a ,acceptable sir ??
@ srinivasan k,
High ema indicates "momentum".
As long as prices are closing above HEma of a particular Time frame(week or day or hour), upward momentum continues in that T/F. Similarly once the prices close below HEma of a particular Time frame, upward momentum is lost in that T/F and prices get into a consolidating/ trading mode.
@ shriram,
We saw recently a 100 point diff in "b" wave.
4770 - 5349 -1
5349 - 5033 -a
5033 - 5449 -b
5449 - 5216 -2
true ilango ji,
but there b/a % = 131.6 % , here its gone > 138.2%
, how to justify this as Expanded ?
Dear Anil,
As per my knowledge,best and economical Sansthan rooms are there. It depends upon the rush,usually all are getting booked before but only at the odd season you may get the room there.
or you go to the Sai Narayan Baba Ashram, 15 min walk from the temple. If you have vehicle then its ok. You can park vehicle near the temple and you can have darshan.
There you will have both A/c or non A/C rooms.
environment is good.I usually stay there.
eco. and best!
phone no. 02423255271.
book first then go.
Do not reach by evening otherwise you have to pay heavy charges for the hotel (without booking)without booking you can get good room but you have to negotiate.
My best wishesh
Shradha Saburi
TataMotors made at least six failed attempts to move above 200DMA spanning over three-and-half months. now it is above this level since 13.12.12, it will take support of this crucial number (200 DMA is around 288 future price).
Dear shradha Saburi,
Thanks for detail info. I will land at shirdi around 9 am in the morning. And Then after darshan planning to leave for Bhusawal.
So my friend advised me to look into sansthan rooms. He said they are good and economical too. Also i required room just for 1 hour, for getting fresh.
@Master,
Wave-1 was 5191 and Wave-2 at 5032,
Bcz Wave-2 @38.2% level
Is this count wrong..????
@ shriram,
There are no guideline on this. If it is an "irregular one", it suggests of more bullishness after the "c" is done.
The catch, however, would be that the perceived "b" may have been the 5th and the reversal may end up as a corrective rally and fizzle out.
AT 4th waves, we have often noticed such multitude of possibilities. I have been able to navigate such situations with "Tech.Table" signals.
Lets use all power to go above 6014....
Dear Anil
For one hour you can get room for just refreshing with min charges. Just ask any hotel manager. Do not carry with you anything mobile etc. Keep it in hotel room only.
if you have small kids first fix meeting place gate no. etc, if heavy crowd is there because you will not have communication with them if you miss them in queue.
wish you best journey
regd
@ Prithvi Yashashvi,
I don't know how you labelled 5191 as 1.
For me, the appearance (Form) is important. And I believe whatever unfolds and develops into certain "wave forms". Experience have taught me(seeing multitude of waves in smaller time frames)to understand them better. And classic technical analysis makes it more easier.
struggling at HHEMA
@ Master thank you very much
mmm.. tks ilango ji,
How bout looking alt. @ C.5 from 5843 ?
3rd of C.5 in play as an alt , to complete the Day TA bull flag tgt of 6060 , sir ?
3.00PM TT & "New Chart" updated.
Hanging Man aayega kya?
hahha.. master
U r a tele-path par excellence, sir :-DDDD
Dear shradha saburi,
Thanks...i am travelling alone..thanks for your guidance..
Jai Sai Ram...
have a wonderful and blessed trip dear anilji ,Sainath bless you
many thanks and goodbye dear sir
Today Heromotorcorp has got chopped down by about one per cent
@Jay shah,
Thanks dear...
tks for ur time master
Bye fro now friends, good day :-)
Parimalji,
I am out of long position of Wipro but created short in NF(AGAINST TREND).
Any View?
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