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...
69 comments:
200+ point rally may start today.
Dear blogmates,
If you observe nifty's move this month is very similar to the one in month of November so far. In November, nifty made a high around 5800 levels then traded around 5700 for few days then traded around 5600 for few days then made a low at 5549 and came above 5600 in a jiffy then again made a low at 5548 and thus made a double bottom and came above 5600 and then in last 2 days rallied more then 200 points.
Just an observation, of course no trades should be based on this and anybody stuck in longs should not try to find any comfort in this observation.
Regards,
JM
ilango sir minor 4 th wave making a triangle in 5 min?
Jai sir, good observation, i remember nifty ending that month above 5800 the first day of following series was also a big white candle.
lol...entertainment back again
DR Ji,
Heard that only banks can be trading members in coming future, is that true?
shuklaaji namaskaaar!!
bahut dino be baad tashreef laaye ho aap
Nifty: is this time correction followed by a fall yesterday, indicators are rising by not price!
Good afternoon Ilango Sir and Blogmates
Traders who are hesitant to take JNSAR trade due to whipsaws must take JNSAR long trade if comes before expiry because that can be very rewarding. I personally will trade in options to reduce risk.
Regards,
JM
Thanks Sim!!! :-)
considering intraday range of min 45 points and considering that either lows at 5835 or high near 5863 had been made then ns may trgt either 5818 or 5880
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Crorepathi
that may be for Clearing Members
as there are so many categories of Members
5856 is 55ema in 5 min charts
small unwinding in 5900pe in march series
i guess longs to be cautious
may see a sudden dip and then recovery
Crore - lolz :) but 5823 protected and EOD 5888 protected means chances again for an short term upmove according to me chances for "acute pain" for bears if they are in shorting pleasure always. ofcourse "as usual" i may be wrong.
PS : Already mentioned that i hv my own chart but posting will "blind" many and "confuse" more people :D :) safe side "not charts"
hello advertisers - u people don't understand "english"???? not postttttttttt again for god sake begging you all.
ada pavigala vera yedame kedaikalaya?? imsaiiiiii
hello friends
nifty showing some strength!! definitely corrective one. in hrly charts rsi, stochastic +ve cross on last hrly close if not resisted 5865(10hrEMA)then may test 5898(MBB) stochRSI average +ve crossover and now above 20mark but it needs to cross 50 for more strength. this hr HAopen-low same 5850 but day HAopen-high same around 5906 till than weakness!
thanks.
Suja sis,
i m in ur camp.
wish to see 5906 atleast if 5880 is crossed.
if sir is in discomfort may delete my post.
Thanks DRji.
emas converging in 5 min charts
ga to sir and all friends::::::::) how r u all ? Hope all r fine
Hitendra , Thankyou for reminding the test match :))
ssssssss pls call amitabh white candle
Suja sis,
pre budget rally from monday??? ssssssss
5887 was last weekly close.
Today i want that.
mm.. beti bachan on teh way??? granda will come at 87?? donno hiten...but Q is y should miss the low price opportunity??? again reminding the "89 ema" for mid term calculation buying..mostly i hv benefitted sometimes not
Suja sis,
not missed. sq @ 5852.
aur nifty nikal padi hai MBB ki aur....5894!!!
Suja sis,
on half hourly basis nf is making new high till this moment.
Can anyone clarify...WLEMA is 5903 or 5881???
Indus,
5881.
& may be on board.
5881
hiten -but still in confusion whether this is "os bounce" or real supp. at lower level?? but holding with SL :) pity
@Hitendra, DKG
Critical number....to close above today. If not, what is your view?
indus,
the developing WLEMA as of today evening is around 5880 levels, (5903 was the last week lema), today being weekend, 5880 is more relevant
Who is tracking 100 dma lvl. pl post. holding or not?
Today's low is essentially a low before budget.
my personal belief.
it cud be that the pre mkt range 5830-5870 completed. intraday short active now?
@ sir,
if unable to close above 5867 dlema than we can
add more short ?
@Sujatha--- again with you... in longs...part booked
It seems rally has gone! :(
Closing below Daily Low EMA, Weekly Low EMA.
Pulliiiiiiii
nifty reversed from pivot point 5873
Sir & seniors,
if red iii started then what cud be the target ? 5800 ?
Master Ji,
we become handicapped since 12 noon onwards since there are no updates.
One small request,please try to put a note,if u r not going to update for coming hours.
Thanks in advance.
Hope,I am not disturbing your personal issues.
100 sma - 5842. 100ema = 5825 levls, so both are holding
also 20week sam , near 5838 and 20 wema near 5820 levels , ( 20week = 100 day ) so both ways they are holding atleast for this week
Shriram,
the small fall which started from 5873, islooking impulsive correct?
Shri Ram,
Can today's movement be considered as a Triple Zigzag corrective move to yesterday's fall ?
Raghavendra
gap up monday
Amol Sharma :D
DR ji - Is it a real :puli" or "Om shanthi Om" "puli" ?? let it be a "Om's puli"
Dr sir,
Candle hinting something, both weekly and daily ? :)
chetas,
thanks for good nos.
5820/5842 are imp nos.
Hourly closing is not at all below 5842 as of now.
IIFL: MUMBAI: CLSA has maintained its outperform rating on InfosysBSE 1.17 % with a price target of Rs 3100 after meeting with the management recently.
Chetas
Weekly is doji - indecision
Daily Inv Hammer - bullish reversal
result nil batta sanatta
is the move from morning a DOUBLE ZIGZAG
Dr Sir, thankyou :)
@DRji
weekly is gravestone doji, s/o bearishness?
correct me if i am wrong.
thanks.
Average close based on 30sma, now at 5852.25 and falling ,
if NS maintains 5847-5845 levels, till 3.30 then avg close can be <5850 levels, but more likely close at 5851-52 levels
it was a day of consolidation after yesterday's fall below 100DMA, closing below this level End of the Week.
DR Sir,
Small clarification rather candlestick education :
Week : O = 5888, H= 5971 , L = 5836 , C = ~ 5847,
Is this be a grave stone doji you are referring to....?
Raghavendra
By fibonacci
nifty close below INR 5870 and SR 5903.
Raghavendra
I refer NF chart
GSD should have open and close same
anmpatel
if GSD is formed during down trend it can be bullish and if formed during uptrend it is bearish.
http://www.onlinetradingconcepts.com/images/candlesticks/GravestoneDojiMO.gif
http://www.fxwords.com/images/words/bullish_gravestone_doji.jpg
and the main thing is followup of price next day
@ALL,
What are about monthly candle?
It is bearish engulfing.
Nilesh Patil ji,
Yes - Its a developing Bearish Engulfing candle :)
Raghavendra
meanwhile nifty closed in the red and all these talks of 5880 which never came
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