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...
28 comments:
Will be back around 1.45PM.
Sandeep Koppula
TCS: above Resistance level, can go upto previous level, about 100 points from here, if market conditions favour.
SBI: a little correction done, it seems.
Namaste ilango Sir & all members.
Does BN day chart look like a rising wedge ?
S4S,
its a gr8 obsv on 5mins, -ww pt 5 may have formed..
pls tell me how u arrived @ 6005 NS as invalidation pt, for this -ww now ?
tks
Also s4s,
pls tell me if u see a +ww forming on TATA STEEL 5mins candles
Thanks for the info Parimal. Waiting to take trades if and when they close above those levels.
@DR
can you confirm in NF chart in 30min t/f super trend value is 6035.51?
thanks.
@ sandeep bhoite
Good observation about lowest movement last month.
Any significant observation after such low movement with any specific direction ? (after considering previous months as well).
Is such study help in predicting future trend ?
anmpatel
6049.82 NF
@DR
my setting is
period 14
multiplier is 1.5
yours??
Kiss = keep it simple Sir
I always use default
yep but i am using angle speed pro..it might diff, then why value is diff? that's why i was asking.
anmpatel
Oh, its 10,3
DRji thanks.
one more help.
is TT providing Technical alert builder? means if we generate some condition like 5EMA,21EMA crossover in any t/f is it create alert for particular stock which met this condition?
DRji.......................
according to your setting
period 10
multiplier 3
NF supertrend value is 6013!!!!!!
anmpatel
not for crossover but for particular level u can set alert
anmpatil
Plz check ur gmail
@ Jeetendra Mistry
I Always looking for such investments for portfolio ( to safeguard return from trading for holding ), As MASTER always say "PRICE IS SUPREME", In Pantaloon a famous DOW theory pattern made & if u observe daily & weekly chart it has given high volume on buying side for such volume such pattern is just perfect for investments. also I was looking for diversified sector.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, VAH:6044, POC-6037, VAL-6030, WVAH-5914, Pivot-6041, VWAP-6023
Off day for the writers, with small addition seen at 6000-6100CE and 5900-5800PE level, not much of an aggressive writing…
Thanks & Regards
@ sandeep bhoite
I was referring to your observation about Nifty movement. Any further observations on data, which may be useful for future trend ?
TataMotors and TataSteel are correcting and/or corrected. let us watch the direction of Nifty; is it a correction, consolidation or effect of HangingMan?
@ Jeetendra Mistry
Whatever clues from price are coming so far suggesting upside as Month, Week those higher TF are closing above HEma ,MASTER EW traders knows more about it , OI traders are busy in making range so far its 5900 supp & 6200 is resistance , so price will give ans to all this. If you observe stock then most of the stock either given +ve breakout or looking for +ve breakout, as master always says
Go with price it will reward you
BusinessLine:Mumbai, Dec. 31:
LIC has rejigged its portfolio in several companies ahead of New Year 2013.
The companies whose shares were bought and sold by LIC through the open market included Cairn India, Tata Global Beverages and Sanofi India.
According to filings with the BSE, the state-run insurance giant bought about 39.42 crore shares (or 2.06 per cent) in Cairn India taking LIC’s total stake in the company to 7.088 per cent. These shares were bought between June 19 and December 28.
It, however, pared its stake in pharma company Sanofi India and FMCG Tata Global Beverages. In Sanofi India, it sold about 4.64 lakh shares amounting to a 2.01 per cent stake in the company, diluting its total stake in the company to 3.06 per cent.
In Tata Global Beverages, the insurance major sold about 1.28 crore shares (or 2.07 per cent) of the total shares, bringing down its total stake in the company to 7.63 per cent.
In a recent interview to Business Line, D.K. Mehrotra, Chairman, LIC, mentioned the company’s plans to invest Rs 2.4 lakh crore this fiscal.
Recently, LIC informed the exchanges that it sold over two per cent stake in Maruti Suzuki India over a period of time.
It had sold a total of 58.29 lakh shares.
@ Jeetendra Mistry
& agian if you see this 100 points rally from JNSAR it has come up from just 38% Retracement of previous rise that is indication of strength, lets see now if we move to breakout or correction again
Parimal ji,
More on TCS.
TCS has a retraced to a significant 1200 levels...a month back in a 3 wave structure and since then started climbing up impulsively.
On Day TF : Its stalled at 1268-80 ( 5WEMA / 34 DEMA) and closed above minor top @1280 yesterday.
On Week TF : Formed a bullish hammer and a reversal and currently above 5WEMA. If closes above 1283 today ( 21 wema,34 wema) will lead to more upsides
With Nifty : TCS in general has inverse relationship with Nifty. Next target is 1320 and above which will taget new highs.
Raghavendra
New Post Done.
Thank you Raghavendra for detailing on TCS
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