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...
39 comments:
@ SAMONA,
For JNSAR shorts taken yesterday, the filtered SAR was 6053+20=6073 - Not triggered.
If taken today @ 6053, the SAR becomes 6073 for intraday.
If filter applied, "6040", the channel support could be taken as SAR.
thanks Ilango sir
master,
Obsv a unique situation -->> where, though the price moves r range-bound, the osicllators r not moving !
In such market modes (esp near expiry), where TA doesnt give a Hi-prob signal ,
do u give more wgtage to Options OI for guidance ??
every rise is getting sold
@ shriram,
During the settlement week, OI data is more relevant.
6045 is to buy side
BN to the rescue again
feel the expiry game has started and slowly bulls r getting in
eating prem of 6100ce and 6000pe
huge addition in O.I in both abv 10lakhs each
By fibonacci nifty SS (6023)and INS (6042)
Master,
mmm.. if so the next Q comes to mind
Is TREND or (No-Trend) determined by a FEW large players ?
Is this market TRULY a FREE INTERPLAY of Supply-DEMAND forces in the ST ?
If not, then will EW MODEL remain relevant in the very ST t/f ??
6051 is buy side
Shriram,
Few large Players or not, its ultimately boils down to Demand-Supply. They have their own set of Demand and supply in terms of prices in which they make other play the game.
Nifty is manipulated very cleverly and used as a shield to trade in stocks by FIIs. i find it very difficult to see any standard Technical Study can grasp it efficiently to an advantage.
@ shriram,
It is always about "Supply & demand" whether speculative or genuine.
EW model works all the time. However, the lower the T/F, possibilities increases and Higher the T/F, it gets limited with more clarity.
Having a fixed strategy will have its limitations as markets are different all the time.
Experience gives you the most important intuition to use appropriate tools depending on the market.
Axis Bank > 1478 targets 1484-1491-1524-1540
Axis reached ard 1516
Parimalji,
u r right.
So the importance of Sir & this blogs.
first bullish HA candle of day in hrly chart open low same at 6056...
Master : tks, that is something i am short on as of today, all i can do is ask u right Qs wen they strike me as revelant & hope to get leads that can then be explained mathematically (systematized) :-)
@ SJkol ji: tks
again resisted at 5,10,21,34 EMA's in hrly chart!!!
hi evryone, and can anyone of you teach me how to use all these levels given by illango sir, i m bit confused
Good Afternoon Master, Shriram and friends,
very late to start the trade,
in the past falls ( 11/16/24th jan), the very next day there was no follow up selling and Nifty always rallied back for next 1.5 days hitting new highs. Today though there is positive global cues, there seems to be no effort to buy the fall, is my observation.
if today there is follow up selling to yesterday fall, then may give first cues that trend is about to change ,
( shriram what you say , i know you are still with wema, but it gives too late signal na)
@stranger
read upper right corner
always start trading with these.
6055 is buy side
thnx @anmpatel will do that
guess now ns may dip for lower lows near 6038
Selling resumes after an abc correction with a truncated 'c" @ 6062.
@master
means...next 5 down?
Tanha Dil1
à¤ाई तनहा दिल राम राम
@ anmpatel,
If 6062 is crossed, then the "c" extends higher.
@master
??? EW is out of my coverage area.....reading hard but not get the "click" in my mind!!!
anyway lunch time will back soon.
thanks.
Dear Chetas,
Its the nature of fall ... how it reacts near Day Lo or Wk or WkLo , & how the (HiFreQ osicllators react to price) that determines if MARKET MODE is TRENDING or CORRECTIVE
Based on this wholesome view, as of date, we dont hv evidence yet that tide has turned...
Generally @ MT tops, Wk EMA turns down, but the Oscialltor does NOT vibrate on 1 degree lower i.e DAY TA... tell tale sign,
now hv u seen that as on date ?
Ilango Sir is a C.T in play in wave "b" of the abc correction/ retracement?
@ SANPOT,
It resembles so. Holding 6045, in that case, the "c" should unfold.
The SL for Longs would be an ideal 6045 & trail higher as more highs come into play.
6060 buy side
@MASTER
IS NS RESPECTING THE TREND LINE, WHERE THE "C" WAS TRUNCATED EARLIER?
Thank you Sir. Can I sell on rises if the C.T is not breached?
New Post Done.
ns resisted at 200ma in 5 min charts
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