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...
32 comments:
Dear Ilango Sir & Blogmates,
OI Table Update at 2:00PM, VAH:5959, POC-5950, VAL-5943, WVAH:5914, Pivot:5958, R2:5994, VWAP:6000
6000CE writers are not scared though NF is trading above 6000 for sometime now, downside support getting better with each passing hour…
Thanks & Regards
Dear Master,
There have been many time in 2012
when I may disturbed you
troubled u
irritated u
bugged u
.
.
.
.
today I just wanna tell you
.
.
.
.
I plan to continue it in 2013.
Happy New Year 2013!!!
नव उमंग , नव तरंग , नया उल्लास हो तन मन में
नई आशा , नया सवेरा , नया विश्वास हो जीवन में
नव वर्ष में हर अभिलाषा पूरी हो पल - पल में
दूर अँधेरे सब हो जाये, ऐसा सु-प्रभात हो तन मन में
नव - वर्ष की हार्दिक शुभकामनाये.....
Bulls trying hard to move the market up,,, @Mynac: Help the bulls with fresh buying....
rajapvt- now the bears will take the mkt up
@Parna: Let them take it up fast so that the retrace is also faster...Now very boring :-)
Happy new year sir and JNFAMILY friends
IILANGO JI @ Ji i have one doubt SBIN @2434 trading now if already yearly high 2475 continue if otherwise come down or take at new high in this monthy,but can't understand now at present position .............. our view Ji
Happy new year sir and blogmates
Sir
putting things in the Neowave perspective
larger picture -we are in the 3 (starting from 5897.15) of the 5(starting from 5841.65) of the 5(starting from 4770)
ideal to carry on longs but watchful.
Medium term
wejust finished a bowtie diametric
A=5879-5854 = 3 wave corrective =irregular flat
B=5854-5926 = double 3 corrective= DZZ
C=5926-5838 = zz
D=5838-5965 = complex ZZ
E=5965-5823 = killer corrective complex DZZ!
F=5823-5939 = zz
G=5939-5841 = complex polywave Double combo ZZ
and thus the 9 wave monster 4th wave was complete
making pefect place and time for the 1 of 5.
what followed was a perfect 5 wave structure from
5841 to 5930
and the expiry volatality downmove was compensated by a c failure flat formation at
at 5897 . Market had anticipated beautifully the +ve outcome to the cliff and itself got ready for the 3rd of the 5 which is now ongoing.
So until 5897 which is very close to JNSAR!!
SO LONG!!
correction 7 wave bowtie diametric not a 9 wave diametric
Happy new year master & JN family
WHERE THIS 4TH FINISHED YAAR
My respects to my mentor ,you sir and Master Neely for making me see sense in this seemingly nonsense one day up and one day down world stock markets.
@master
sir, if time permits pl do 3pm update.
thanks.
KUCHH TO BADA TUFANI HONE WALA HAI,
Nothing can harm in mechanical trading.
Rohit msg:
Have we started towards 6400 Nifty?
The midcap index today gives hope as the BSE midcap broke out of yesterdays triangle
the nsemidcap50 attached is near the upper end and can count corrective or impulsive
so need some more evidence that the broad market is giving in and not making just a
last minute rush of blood. But definitely today's session is encouraging.
Its possible that the December moves were wave 4 [triangle] and 5 is now forming
at some degree but the targets and lengths will have to remain open and fluid as the final 5th
leg truncates achieves or exceeds targets. In short we have first signs of resumption of trend
but momentum indicators were not in tune and more evidence should follow if true.
struggle to close for D-HEma +20.
highest volume trade at 5949.5 just 2min back.....dekhate hai aage kya hai......
@kiran
can you tell me last hour 3pm HHEMA?
thanks.
@Ilango Sir...............requesting a small clarification from your earlier post
Wednesday, October 19, 2011
Nifty PreMarket View
How do you identify a sideways market for trading?
In uptrend, it is the close below DHEma that suggests of a correction and it normally extends upto 10-20 points below DLEma. Depending on the nature of correction, it could even close below DLEma one day and reverses.
In downtrend, it is the close above DLEma that suggests of a correction and it normally extends upto 10-20 points above DHEma.
@anmpatel.
3PM HHEma = 5955.
@Hitendra: Too early to decide, we should have a stoploss of 5350/4200 for the longs to that target.
thanks kiran means hourky momentum vanish......
Sir in the above post ,kindly clarify...what closing would qualify as an uptrend /downtrend respectively in such a case?
many Script not breaking its previous high.
Wish all mates prosperous new year.
@Sanjay: 6000 CE OI is reducing, Are the writers unwinding the shorts?
Namaste Ilango Sir and all,
Wishing all a very very Happy prosperous & profitable NEW YEAR :-)
Ilango Sir Wishing You & All of Your Readers A Very Happy , Healthy and Profitable New year !!!
Intraday Nifty/Stock Tips
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