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:
@s4s @ shriram
Do you guys see any WW pattern in IDFC .. Please suggest
Amol Sharma
yes is 22 point higher than yesterdays close :D
@mja ji,
thank u. i have read that many trend following systems if exactly followed have accuracy of 27-28% but are profitable. mathematically they can have 30 losing trades in a row . there was some mathematical formula using ln to derive which i dont remember .
Dear Ilango Sir & Blogmates,
OI Table Update at 12:00Noon, Pivot-6061, ATP-6049, VWAP-6049
Huge addition at both 6000PE and 6100CE, Most probable expiry within this range…
Thanks & Regards
@amol sharma obviously its a paper trade/ u can say observation during backtesting result with the system(jnsar) , if any one is able to achieve 50% of what the backtest results are one should consider him or herself as an ace trader and if one can make a trading report based on it many big corporates/banks will hire for their trading team.
@ Sam:
1-3-5 & 2-4 are diverging on Day .. so not a ww, but it does seem like a ZZ got done..
with 168 zone as SL , if held.. this baby can Fly to 190 -195, 4-6 sessions, is the feeling
@shriram
Thanks :) .. tomo result for idfc .. ya 168.5 is strong support for the share
@SAMONA. Agree with you.
@ sam:
tats gr8 news, let keep fingers x-ed :-)
@SHRIRAM..
Can you please suggest if there is WW pattern in half hour chart.... ..
I have a bit concern... It broke out of channel and now 168.5 last hope for bull is providing support ... i think it will face resistance in 174-175 zone above that sure shot 190
@ sam :
Cant see a -ww on 30mins,,.. no 1-4 overlap seen..
nifty baby trying to breakout from triangle pattern for upper T/L of channel near 6069
@mohd javed akthar,
sir,
which charting service did you use to get 1 year intraday charts
Pnb at strong resistance zone of 890-895
@S4S: Baby just crawling, it crawls only today :-(
Shriram gave a time upto 2PM for this action :-D
Good Afternoon Ilango Sir and Blogmates.
Master ,
are we finishing or nearing end of a DZZ now , holding DLoEMA ??
@ shriram,
"6042" holding sofar and
"6057-61" has been resisting sofar.
Selling into these resistances continues.
Small t/f to figure out a certain label.
Next support for Nifty at 6030-LBB on 60 min chart.
ilango sir can we consider this whole price movement from the fall as contracting trangle?
which E has done at 6057? so stoploss 6057.
ILLANGO SIR AND OTHER
TELL ME HOW TO GET MCX GOLD AND SILVER 3-5 YEAR RUNNING CHART
THANKS
@Murli,
MAT JA MERE DOST, NIFTY 6ODKE MAT JA,
SILVER AND GOLD ME BAHUT PITAI HOGI MERE DOST
SIR
I WANT TO CHART FOR STUDY
@ Jay Mataji
funny :P
--> back
Tks ilango ji ...
@ S4s: +WW has formed pt 5 & seeing the HiFreQ oscillator moves, smelling a bounce now
wot u feel ?
my guess is ns may dip towards 6020-29 range and then may rise towards 6055-65 range towards eod
6020-21ema
6029-20sma
6029 is 80% of 6008-6112
@shriram
a bullish WW formed in ns charts but in midcap index story is reverse
so expecting a dip first and then an upmove
yes S4s... corelating wid the osicallator..
there is a bounce Probability on now to 6065-70
NR7 day on settlement day...? Need to break low or high now.
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