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:
Reposting
@All
Can anyone tell me as to where to find 14 / 21 days ATR for all Nifty 50 stocks. Is there any blogspot available which gives this information on a daily basis?
Thanks in advance
Veer
Namaste Dear Sir and all friends
Sorry Hitendra, could not attend sessions due to breakdown of computer and connectivity.
Tata Steel: day is oversold, hrly is struggling to move above 21hrsma and 34hrsma which looks to be difficult. so time correction is in place. since the first week of Jan13, price attempted at least 10 times to go above 34hrsma and failed.
@Master
Thank You For Valuable Reply !
veer
You can manually calculate ATR on XL sheet
average of Range for n number of days (14 or 21) is ATR
Range is difference between high and low
@ llango sir ji
on which value channel breakdown may occur. ? Sir I am on mobile.
Thank you sir
or u can
check ATR on this site
http://www.icharts.in/charts.html
A Technical Analyst and a Fundamental Analyst are chatting about the markets in the kitchen. Accidentally one of them knocks a kitchen knife off the table landing right in the fundamental analyst’s foot!
The fundamental analyst yells at the technician, asking him why he didn’t catch the knife?
“You know Technicians don’t catch falling knives!” , the technician responded.
He in turn asks the fundamental analyst why he didn’t move his foot out of the way?
The Fundamental analyst responds, “ I didn’t think it could go that low”.
can nf- c 5958/46/33
lolssss
@DR Sir,
It was a cracker. ThanX
My Dear DR
After a so many days I laughed to my hearts content. Actually my stomach muscles started aching.
Love you
LV
@DRji
Thanks.
Regards,
Veer
Suresh - NF 62 breakes decesively then fine 5952/33/38 but will it??? making base @ 62/65 is not good for bears
there r indications that nf might break-dn
@ varun kumar ,
Channel bottom would be around "5940".
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5931, R2-5975, ATP-5966, VWAP-5966
5900PE addition at 11.5 lacs and OI now around 83.8 lacs, Bulls have more or less secured 5900 Level for this series, but unable to move higher for the day…
Thanks & Regards
Hi Suresh
please supply rationale that NF might break down
@Master
correct if i am wrong, is 9HrRSI n 14HrRSI, suggests a OB n going 4 correction.
@ llango sir ji
Thank you
@ Dinesh Palanichamy,
Reaching OB zone (above 80 level), mild correction has been done from 5970 already.
More correction possible only when "rsi triggers below the trigger line(9sma of rsi)".
@Master
Thankyou 4 ur invaluable tym n guidence.
at that time,macd in hrly had triggered below the signal line: mkt price was below 5hr-hema :
and rsi-failure
(Please excuse me for this posting):
We expect Nifty to fall to 5750 / 5700 levels: Shardul Kulkarni (of Angel Broking) Business Standard, 25 min(s) ago
@Parimal,
If that were to become a fact, then Nifty will first have to give a close below the DLEMA and WLEMA both.
I m away from TV.
Can anyone post result of Tata Steel once declared.
Thanks.
nifty may close around 5950 today
missing an important trade is a much more serious error than making a bad trade.
I haven’t seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren’t. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.
By - William Eckhardt
but who's this i donno :(
patel ji - shhhhh fast 46/22 pls
ITradeForProfit Daily
agreed, one additional parameter will also be useful to find confirmation, that is Midcap Index, it should breakdown below 8000 mark.
NF premium is fast reducing.
Sir
Could 4 be complete in one stretch? Usually correction is in abc waves. My understanding was
A - 6112 to 5880
B - 5880 to 6026
C - 6026 to 5795
New to EW hence the query. Pls guide.
nf:t1=5958 reached, now waiting for t2=5946
New Post Done.
A SMALL BULLISH WW developing in ns 5min charts
trgt 5965 near 3.00pm
COLPAL: finished 5 waves upmove at 1581 and correcting almost 61.8% (Golden Ratio) to 1350.
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