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...
54 comments:
Sir,
Daily chart showing -ve div. in MACD??? tks n advance.
regds
OMG - do something..sugarcane pending to eat :(
Ilango ji,
ZZ done @ 6053 ?
Filled up the gap as well. Nifty at the intraday channel bottom.
To keep in mind
6026-6083 61.8% comes to 6048 80% at 6037
6048 is 38% of ( 5992 - 6083 )
6038 is 61.8% of ( 5992 - 6083 )
6027 is 50% of ( 5992 - 6083 )
low is 6048 so far
@ Sujatha,
Negative div. in day chart continues., joined by Hour -ve div.
EOD prices would confirm if there is weakness in day T/F.
ilango,
what happens when sell on rises gets negated today on weekly basis immidiately next week like today and do u think negative divdrgence has got negated on weekly basis with close above week hema
@ shriram,
If simple ZZ, 6048 should hold; Prices should surpass quickly 6071.
If fails, 6036/6024 are the bigger retracements.
sir ji,
with your knowledge & experience,it will be highly appreciated if you could conduct a WEBINAR
on e.g 26/01/2013 or any other date that is suitable to you:
it need not be free: it can be a paid on
on EWP-for about 2hours or more.
this is just a suggestion from me.
i hope it will be supported by other members
thanks
@ Billgates,
"Whipsaws" are likely at extreme points when "Reversals" are attempted.
Watch out for "new signals" emerging today @ EOD. Follow the ST signals and manage the week signal "midweek".
@master
close above 6012 will help the bull, right?
thanks.
So in summary ZZ done, 61.8% done, Gap filling done, nifty is ay the intraday channel bottom but the million dollar question is where is the bounce?
Sir - thank u nd for the hour indication too. fuel is "6083-5962 of this week = 6023 is 50% 6008 is 61% + 5ema + DHEMA.. all @ TT . but "price has to come down" waitinggggg
Sir,
Sent an email. Please check it whenever time permits
It takes boldness to take a stand and state your views clearly.
Boldness comes from confidence.
Confidence comes the depth of knowledge one possess.
For all those pointing fingers at The Master, open up your hearts to learn, not to criticize and learn to respect The Great One. He is always willing to educate and share his wealth (knowledge).
- One of the silent admirers of Illango
@ shriram,
BN has better "wave forms" to monitor the "Hour moves"-less manipulated.
It seems to have got resisted @ 61.8%-12785 today and falling while Nifty made a new high & correcting/ falling.
Sujatha ji,
this was only a suggestion from me:
Sir - why this "6071" quickly as becoz fall started from there @ 2 PM or volume is heavy while falling from there?? me too with 72 but with non-tech. no. (no technical reason for me)
suresh - no need to reply 2 me..i just posted friendly. don't mistake me
Do not try to spit on sun, Sun will not wet but you will get shower on your face.i appriciate the example given as SUN for respected llango sir. he is god of this temple.
What is the significance of BN 12600? It has gone thereabout 4-5 times and bounced. Another bounce on cards?
Sujatha ji,
no hard feelings.
IN FRIENDSHIP: NO SORRY--NO THANK YOU
We r all friends here.
6053 playing role
Afternoon Everybody
Again it appears on weekly TT buy on dip comes but on daily chart sell on rise come if close below 6059.
Parimalji,
Any TGT for Wipro pl.
Thanks.
Ilango ji,
Yes, infact ...
BN is clearly correcting down from todays high & as long as 12,583 holds, it may be a w2
But within Nifty, due to the O&G and IT pack supporting... the corrective may stop earlier (fall lesser) !
Wot is ur gut feel sir ?
last 30 min also saw you full weakness
operator's day
Hitendra
Wipro makes about 40 points low today. (future chart) 21hrsma and 34hrsma making negative crossing. some more low (corrective) is possible.
** my bad, Pl ignore IT.. :-)
BN did a 5 dn from 12778 to 12624; the bounce is on.
It could be the same with Nifty.
Looks like FII bulls just finished their breakfast to save nifty from the DII's.
Thanks Parimalji,
Expecting same.
But was in fear looking to new low on hourly basis.
Master,
Its a Bullish close on Wk TA & coming on the back of a corrective....
can we be on way to 6.4 / 6.5K Nifty ??
Parimalji,
What is ur view for RELIANCE?
Thanks.
Dear Master
flexibility of EWP count (almost personal interpretation)can be its strength in a way, yet i would say that lack of standardization in labeling the counts is its drawback.
RIL: there i spotted a negative divergence on hrly chart, which could not be confirmed with follow-up price action. day chart: 3rd impulsive is running.
@ S4s,
Do u see a +ww done ?
Tgts now 1-4 : 6090 -61 k , next 8-12 30min bars?
Parimalji,
Itching to buy 900 PE of RIL @ 20 rs.
Ur view if any.
Thanks.
ND Sir's ATR Sell zone a big road block for today.
FII very smart and we are stupid.
Sala hamesha FII hi kyu profit karti hai,
Agar india me indian buy karta hai to woh kyo sell karti hai, aur indian sell karta hai to kyo buyu karti hai???
Think it,
Its Being DOJI candle for day
Sun Pharma: as stated earlier, corrected significantly from 768 (CMP 710). 700 played earlier as a strong resistance which now may be a good support.
JM,
UNKE PASS STOCH BHI HAI OR PAISA BHI HAI.
BHAV BADHNE PE STCK SELL KARTE HAI.
GIRNE PE PAISA LAGATE HAI.
HAMARE PASS KYA HAI?
Sir,
the average closing is coming around 6062, currently above the day high ema, so now can we say the weekly sell on rise and daily sell on rise signal is over.
though the closing below hr high ema , but yesterday also it closed below hr high ema , so no new sell signal is there from Ema, is this correct
hamare paas bharat MAA hai bolo hindustan zindabad
Jay Mataji
please don't use indecent/swearing words, please
adjusted close at 6063.5-6064
6064.4 adjusted closing for the week
@parimalji,
This is now indecent /swearing words.
This is Jago Investor Jago Or Bhago Investor Bhago.
Why should they not loosing money in our market,
Why our indian player not play in other country.
Why expiry is 1month in future.
Why LIC or DII selling when FII net buyer till today.
Is our Advisor are stupid and they sell??/
This is big game.No one can understand .
Bharatmata tujhe kuchh nahi aata,
Sab kuch FII ko de diya.
Why Lic's market plus plan NAV not growing.when market is at4000 NAV is Rs.12 and today is 6000.
The NAV still 12.45.
What a game.
I m not abuse to anyone ,but FII/ DII/ LIC
Every institute are making us fool.
Sorry lots of say to everybody.
mynac bhaiya
nifty closed above 6050 as weekly close . so what is open interest now? again next week new high possible? even above 6100?
syamalaradhakrishnan
2 days closing above Dhema repeated, mondays are trend changing days in last 2 weeks, Vix down below 14 on last min, all in hands of big players, we are just floating in the sea
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