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...
33 comments:
Nifty in ATR Sell Zone now.
Sensex 20K
back -->
Master, Am putin out the whole Alt. EW count from 4770 for ur review.. as we have some imp. RES coming up ahead @ 6070-90
Kindly advise
C.1 4770 5349 579
C.2 5349 5033 -316 -54.6%
C.3 5033 5965 932 161.0%
C.4 5965 5824 -141 -15.1%
C.5.1 5824 5939 115
C.5.2 5939 5843 -96 -83.5%
C.5.3 5843 6042 199 173.0%
C.5.4 6042 5941 -101 -50.8%
C.5.5 5941 6076 135 67.7% * vth in play
Within C.5.5 , thus
i 5941 5977 36
ii 5977 5962 -15 -41.7%
iii 5962 6002 40 111.1%
iv 6002 5978 -24 -60.0%
v 5978 6077 99 274.2% **
projected tgts for the wave in play
Pls give a rigorous eye-over
tks
SMO
ilango sir
5 complete in 5 min chart from 5940?
Sensex new high above 20200 and could it be final?
shriram ,
you are spotting ww patterns like eagle's eye .can u pls highlight whether ww pattern is commonly observed on 2 mins time frame and how are they carrying so much signifixance .on fridays also u said 6030 based on 30 min chart .how are u achieving this.
C.4 5965 5824 -141 -15.1% - It is too small compared to other corrective sub-waves of c.3.
These are possibilities which have been "desperately sought after". Too much attention will scare away "waves"...
However, it is a possibility considering various technical parameters. Let us wait this week....& this month for more confirmations.
@ vksoni,
If 6075 is not breached, 5 almost done from 5941.
If 6075 breaches, chances of sub-dividing..
Tks ilango ji,
Just an Alt lable to urs sir.. will be invalid > 6133
right now , Long term ABC channel & 5815-5965-6042 comes to this zone.. prudent to expect 1 time RES @ least ?
@ Billgates : Am new to ww , learnt from book loaded on JN groups last mnth, pl as S4S for better clarity on timeframes.. i am using it on all possible ones!
my god what a move, should have kept quiet,
nifty at channel resitance connecting 5965-
6042-6066 ,
huge volatile. Something is gonna to happen. please stay away weak hearted
Selling in infy
SIR
CAN I SEE 6300 OR NEW HIGH IN COMMING DAY
CAN I HOLD MY POSITION LONG AT 5800
MURLI MANOHAR PANWAR
On completion of a suspected 5, "SELL", if you have time left in the day.(Intraday only till closes below DHEma).
yes sir.. ACTED, tk u :-)
@ Shriram,
From 5941, consider this too:
5941 to 6045(i) @ Open;
6045 to 6019(ii)
6019 to 6069 -i of (iii)
This would be negated below 6038/6029.
@ murli,
Market makes significant "support bases" during uptrend called "Higher Lows". The last low is 5941.
Keep a retracement of 74% or 80% for the upmove from 5941 to the current highs and safeguard your Longs.
This procedure should be changed to "new Higher low" whenever the same is formed.
6019 is a minor higher low and it will become a major higher low whenever 6069 is crossed without breaching 6038/29.
We follow market this way. We really do not know where the market is going???
Good part of Arjun is once aimed, no need to look back at it.
oho..ho...ho...market to nikal pada hai bhai log....
@ Master -
Hats off!
Excellent Study.
Salute to your Excellence,dedication & Knowledge.
Take a bow! :)
Thank you.
@master
i was late...i part booked at 6090nf...now what will be re-entry after 5up (if 60750 not breach) the completion of "a" will be re-entry right? at which price can we say 'a' any idea? or just follow JNSAR?
thanks.
@master
if time permit pl do 3pm update.
thanks.
will niftyfuture close above our great sis suja's level??? 6067.....
then what sister?
@ anmpatel,
The current upmove from 5941 hasn't had a correction more than 20 points. That is a major clue for re-buy. Only when the price gets violated with a fall of more than 20, then we look for other emas or 21/34 hr smas for re-buy.
The moment you spot a close below DHEma, take caution.
@master
thanks. close above DHEMA till then hold remaining...golden rule of JNSAR trades.
thanks.
TOP GAINERS
Symbol % change
BHARTIARTL 5.35
AMBUJACEM 4.21
ULTRACEMCO 3
BPCL 3
AXISBANK 2.69
ITC 2.34
DLF 2.31
ACC 2.1
CAIRN 1.72
TATAPOWER 1.65
Top losers lost only 0.6% to 1.3%
Yes ilango ji,
its a good alt.. move down from 6068 also seem 3wave.. if holds 61.8% will be > Dhi...
a sign to exit intra-shorts !
Hitendra
TCS at PV (CMP) 1332.
@ shriram,
As long as FII's flow continues "IN" and
VIX readings remain "LOW",
waves would continue with their sub-dividing nature to test one's patience.
Sir
Havells up by more that 3%
Yes Bank 4.14%
ITC up 2.3%
@DRji
ye banknifty 13000 kab aayegi!!!
yes sir, very true... tks
@Ilango ji: Howmany days we should consider FII flow as OUT to go with them?
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