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...
36 comments:
@Gauresh59
touching
Dear Ilango Sir and All,
Observations on Nifty Time cycles from 2003.
Since the LT term Bull market started from May 2003, Time consumed between Intermediate Nifty Cycle tops and Bottoms has been + 1 month of a Fibonacci number.
Fibo numbers(0,1,2,3,5,8,13,21,34,55,89,144 etc)
Examples :
Upmove from May 2003 to Jan 2008 : 56 Months closer to 55 Fibo number.
Downmove from Jan 2008 to Mar 2009 : 14 Months closer to 13 Fibo number
Upmove from Mar 2009 to Nov 2010 : 22 Months closer to 21 Fibo number
Downmove from Nov 2010 to Dec 2011 : 14 Months closer to 13 Fibo number
Upmove from Dec 2011 to till date : 14th month going on.
On weekly TF : Down move from Nov 2010 to Dec 2011 took 55 Weeks.
Upmove from Dec 2011 to till date : Currently in 55th Week.
Will have to wait and watch if pattern repeats, Ilango sir's one EW Alternate counts match with this pattern ( v of 5th of C) this week.
Add to that Wave 5 of C is in its 8th Week now
Raghavendra
sell at 6020 excellent sir now what is the target sir
Namaste Ilango Sir & all members.
Master ,
5wave A , wid extend 5th , done @ 5994 ?
Bhushan steel -8.76%, wow kya bullish hai market
I think FII are buying 5900 and 6000 puts continuously by keeping nifty artificially up. They have already shorted stock futures in enough quanitity. I think time to be cautious
From the beginning of this series, no net buy in index futures. This coupled with heavy buying in index options tell they are short.
What would be the trigger? we dont know...let us wait...
Gems of JN
Please let me know what the long term charts are saying? are we done with 5 wave up or larger degree?
Aayega Mera Din aayega
Mera motto hi kayam rahega
Master,
I had change my picture and my Name.
please don't mind.
@ S4s
Take a look @ Tata Steel 30min Candles from 7th Jan'13..
is this a clear +ww now ?
Hi shriram,
small bear flag or abcde, breaking will trgt 5965, what you see
@ llango sir,
as per pre market view for conservative trade
Nf short at 6045, buy above 6014 or 6026 & sl 5990.
Sir, so here at 5995 ns is low risk high reward trade will be right with sl of 5990?
Asking for knowledge.
Thanku sir
chetas bhau,
34EMA,30m , Dev. 5DLoEMA (5988) are Support Nets now..
To my eyes 5wave A is done.. now B up to 38.2%-61.8% of 5994-6020 , may be playin out
Cu after lunch, stomach growling, Bon Appetit !
@Mr.Illango,
What's the difference between trading based on JNSAR and "Conservative Trading" methods ?
@5990 sl hit
Now short?????
Soumen
When NS price crosses Day JNSAR number, it mostly indicates a turning point. one therefore can go long or short above or below this number with a 20 pts stoploss till it turns or shows sign of turning. this number is not for day trading. this is therefore called as Conservative Trade setup.
Time Pass.
Qua.
Mary's father has five daughters: 1. Nana, 2. Nene, 3. Nini, 4. Nono. What is the name of the fifth daughter?
Ans dijiye
mary kitna accha nam hai,magar uski bap ki baki 4 betiyo ke aise ulte pulte nam kyu
Parimal,
Tks.Sorry, still not clear to me. JNSAR has not given sell signal yet, whereas "Coservative Method", as per Pre-Mkt report has advise to sell.
@Illango, would appreciate yr advise.
Nunu
@ varun kumar,
Nifty resisted @ 6014-26 zone, right at the middle point of 6020.
Nifty has presently taken support @ 5990(5989-DEma).
Whenever this low(5989) is broken, it would confirm the correction continuing.
Parimalji,
Though still 2 hrs to close,
Wipro rebound twice from 394
while TCS is making new lows.
Only pradeep is right.
Others reply are hahahahahahaha
Mary
A woman shoots her husband. Then she holds him under water for over 5 minutes. Finally, she hangs him. But 5 minutes later they both go out together and enjoy a wonderful dinner together. How can this be?
she shooted him with camera
Parimalji,
on google chart
5 min ema is above 20 min ema &
50 min EMA is kissing/just crossing 200 min EMA.
Soumen
it is not that each day JNSAR number will hit. one may like to wait.
Hitendra
there is a small positive divergence (Stochastic) in Wipro, but yet price has to move above 21hrsma and 34hrsma.
TCS is retracing and can go down to 1260 -- a crucial number and if this holds, it gives a trade opportunity.
Thanks Parimalji,
Will u throw ur msg once 21 cross 34 in Wipro?
I am eager to create a safe long....
Haye pradeepji,
Tussi bade dimagwale ho yaar
Hitendra
sure, I shall post on positive cross in Wipro
New Post Done.
"6014"-80% of 6020 to 5989 fall is a buy trigger.
"5989" is a sell trigger.
nunu, aeiou
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