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 ...
10 comments:
Do we attempt new low if we break the supports mentioned in third chart?
sir
nifty is most likely doing a B wave. and the fact that the TT is showing a trading range shows that a triangle or less likely a flat will play out as the b of this B with price oscillating between L and H emas.
this means prices will trigger and whipsaw which is typical of a wave b of B.
so assuming that this is a B as waves look corrective zz till now
a of b was from 5971 to 5791
b of b was from 5791 to 5945 >61.8 , 80<
c of b in play 5945 to 58.. >5851 , 5823<
d and e to unfold if it is a triangle.
keeps the bias down from here but not for long.
trading this wave one needs to be nimble not too greedy in either direction until most likely a break out happens upwards to complete the e or c of b of B.
@suja sis
give me a test mail
thanks.
Looking at weekly & daily charts.
Nifty had made 4 attempt to c/o psychological level 5950 decisively,
But returned from 5969,5971,5952,5971 Stamping powerful top.
Nifty had made " V " shape bottom on daily & weekly chart twice
5672 & 5664 stamping powerful bottom,creating psychological bottom 5650.The recent top 6612 to 5664 remains stronger > 38.2% =5835 weak below 23.6% =5769
Shrot Term Trading Range= 5800 to 5971
To be on safe side trade BO to avoid I-D volatility due to "EVENT"
@master and all friends
as nifty is closed below 5EMA in both weekly and daily frame. so can we label trend up in first chart, or is label based on fibo retracement?
nifty also closed below week/coming week and day JNSAR.
help to understand this when time permits.
thanks and happy week end to all.
शेयर बाज़ार टीप्स कैसे कमाए करे आप्शन एंड फ्यूचर ट्रेडिंग से कम से कम इन्वेस्ट में जयादा से ज्यादा कमाई के आईडिया
लॉग इन करे औए रोज पाए मुफ्त में टिप्स एंड कॉल्स
आप्शन ट्रेडिंग आईडिया
English se man nahi bhara to hindi pe utar aaye
I admire n adore u master, esp'ly 4 ur versatility.
The Buddha taught many different types of meditation, each designed to overcome a particular problem or to develop a particular psychological state.
But the two most common and useful types of meditation are:
1. Mindfulness of Breathing (anapana sati) and
2. Loving Kindness Meditation (metta bhavana).
"To doubtless minds whose heart is clear
More than earth heaven is near" -
HOLY KURAL(Thirukkural)
Master, u keep us calm, mindful n doubtless during trading sessions and even further.
I m getting addicted for your weekend write-ups
Thankyou
Happy weekend @ all :)
I failed to understand why MACD is drawn in the charts when its signals are not considered.
We have long term bearish divergences in MACD each time nifty was making newer high within the channel and daily MACD was clocking lower and lower.
Prices might attempt to re-enter the channel but they wont. The mammoth volume fall that thursday had validated channel breakage is justified and MACD is getting respected as usual.
Namaste Ilango Sir & Blogmates,
Bearish to Neutral: Friday saw the Bears back with the psychological level of 5900 wrested from the hands of the Bulls, but range of 5800-6000 is still in play with RBI policy coming in as the decider..: Option Analysis for 15-03-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
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