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...
26 comments:
Breakout failures of FNO swing Low which may
have triggers SLO of longs & trapes against
trend making more probabilties of rise.
By fibonacci if nifty close below SS 6034 may more downside
@master
kindly update month t/f in tt when time permits.
@Master,
12.30PM today is the time for faster retrace as per 5-min bar
How you calculate this time ?
Any specific way to keep track of time-price relation.
Thanks...
Ilango said...
@ Ankit Solanki ,
It took approx. 23 trading hours to move from 6008 to 6112.
12 Hours have gone by.
(5-min bars would be ideal to follow as the first & last hour of trading days are lesser than an hour)
January 31, 2013 at 10:06 AM
Ilango said...
241 nos of 5-min bars taken from 6008 to 6112
134 nos of 5-min bars have gone by since the 6112 highs @ 10.00AM.
January 31, 2013 at 10:09 AM
Nitin
I think sir has already explained that yesterday based on number of 5 min bars
G. Afternoon Master & JN Family,
--> Ilango ji,
looking @ moves of price, Wk TA EMAs & osciallator on DAY TA ... can we be playin an Xpanded FLAT ABC DOWN from 6101 ?
as..
a 6101 6008 93
b 6008 6112 -104 -111.8%
c 6112 5983 129 138.2% * in play
If so, will find support near WkLoEMA .... how do u view the osicllator action right now, sir?
ooops
Sensex had done the faster retracement yesterday itself when it broke 19884 corresponding to 6008 for Nifty.
@ MASTER
@ MYNAC
OI DATA
support being made at 5700 level too ( after this 6000 PE data )
what is cooking ????
@ shriram,
Exp.Flat is already labelled in the Hour chart.
Oscillators are in perfect harmony since "sell on rises" was noticed.
Deeper or till 50sma is the question that is in mind.
FII data, presently, suggests it as a correction till 50sma/ day channel bottom.
NIFTY intraday update: CLICK HERE
cooldent
http://loosemoorings.org/wp-content/uploads/2012/03/large_Oops_Funny_Picture_10062.jpg
Pre-Market's res. & supports have fetched gains based on sell on rises.
For bulls, defending 5980-6005(WEma) zone is important.
For bears, defending 6049-6065(DEma/WHEma) zone is important.
Hello Sir, few days back you have mentioned about Gartley pattern. Is it still valid ?
PLease giude.
Thanks
tks master
Cu all @ 14:00hrs, Bon Appetit!
Nifty (Future) once more at 20DMA, and pre-market level of NS 6005. NF at lower BB.
@ Master
Thank YOu!
241 nos of 5-min bars taken from 6008 to 6112
245 nos of 5-min bars taken from 6112 to 6008.
Got it. Hope I am Correct :)
@MASTER
THE LEAD INDICATOR(Nifty Hour &35HrD &21sma)IS IN OVERSOLD ZONE.
IS IT A "LONG LONG LONG" ON CROSSOVER?
Ilango
Did you notice 5 in 2 mins? What's your take?
Ilango Sir,
Request your views on faster retracement.
We see a faster retracement in Sensex, but not perfect on Nifty ( on 5 min candles ).
How to read this observation?
Raghavendra
@ Dinesh Palanichamy,
When TT is "Red" & JNSAR has just turned down, it continues to be sell on rises.
Till the prices close below DLEma EOD, there will be attempts to buy below DLEma less 10 to 20 points.
@MASTER
THANKYOU 4 YOUR VALUABLE TIME N EXPLANATION.
@Master,
Is there evening star pattern on weekly basis? if market will close today near 6015-6020.
New Post Done.
Dear Ilango Sir
Yesterday according to JNSAR10 level I went short at 6048 level, then todays JNSAR10 is 6046.
Today morning Nifty made a high of 6052 so need to cover my yesterdays short & have 20 points stop lose?
If I do that then I got stoped out at 6028 level again.
Pl. guide me for the same
Regards
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