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 ...
54 comments:
It seems bulls want to capture 6000 soon...loking as per addtion happening in 6000 ce and pe...me just a novice trader...experts please comment
Good morning everyone.
@ MASTER
If B done at 5971 can we consider C down
then A = C
A was 6112 - 5663 = 449 Points so
5971 -449 = 5522 TGT ?
kindly guide if anything wrong above
IF some one is hesitating in giving money because of the genuinity then one can arrange injection name GLOBUCEL IV 5MG ,patient name AFROZ ROSHAN ,admitted in RIMS ,RANCHI ,JHARKHAND
@ sandeep bhoite,
As "deepak pinto" pointed out earlier, the current rise shows impulsive nature while the fall from "6112 to 5664" had a corrective nature.
EOD technicals are "UP"(except month), and lacking in momentum in week.
5970 happened to ne the strong resistance point and coincides with WHEma & MHEma+20-40 points zone.
Corrections so far have been of "time" kind.
5854-79 is the crucial support wherein lies many key averages such as 20 day/ 34 day.
Buy on dips continues till 5854.
Aggressive sell on rises for "intraday" till 5970 is not breached.
Two numbers one 6004 and second 5 Dema. let them fight.
amazing to see ITM pe in red but OTM pe in green
rare occassion
must be indicating something
can any1 interpret it??
yeh chhupi dastaan kya keh rahi hai???
GM sir nd friends
Amit arora - if so not only that even upto 6100 chances are open but need some "kit kat break" upto 5901/5899/85/81/60 (SPOT) if at all 5946 not protected.but so far all the candles are showing +ve. It's matter of "time" who's going to remove the "ventilation" of nifty???
PS : Patel - ji r u ready to give one injection for nifty for it's last upside breath??
Its is very sad to see that no one is really interested in helping others and dont want to know about problem with others
@ MASTER
YES will work On your word & with the trend only ,, on your word means you always says follow the price/ trend rather than predicting it .. Thanks again by educating us valuable things in our journey towards getting rich slowly ,, thank you MASTER
midcap index making lower lows since open
I once again request to Ilango sir to take some initiative for this noble cause
Morning master & JN Family,
+ww on 5mins, shud swing up to 5980 plus soon
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5965, R1-5982, S1-5940, ATP-5962, VWAP-5962
Huge PE writing but mostly concentrated towards the lower levels, 5900 and 6000 are the levels to watch out for. Another range bound day till IIP data is taken care off…
Thanks & Regards
IIP 2.4
IIP not materilased.
Suja sis,
Why?
as u wish kit kat break.
@Shriram
i guess a lower low will be made be4 upmove towards 5971+
may be near 5921-24ns range
cmp 5942ns
shriram ji - may be one fast down move to my nos then move up??? ur no. is nearby previous piercing candle low 5988. shhhhhhh
@Master,
5905-5911 would be trigger for conservative or better to wait for lower levels 5870-80.
Thank You!
8th day of this rally from 5664 is IMP...i.e....Tomorrow....Wed 13/03...on this day if turns negative then end of this rally and new leg begins...
@ S4s / suja:
yes.. lower TL joining 5666-5803 also comes to similar range 5920-30
Shud bounce from there if read is right :-)
Namasthe ilango sir and friends,
Today’s quote received :
From every wound there is a scar,
And every scar tells a story.
A story that says, ”I have survived..” is the best.
“Turn your wounds into wisdom.”
Re-posting As Comment got deleted.
Sir,Please ignore if question is inappropriate.
@Master,
5905-5911 would be trigger for conservative Trade or better to wait for lower levels 5870-80.
Thank You!
Nifty todays high low with in yesterday last half hour candle range
NF: 21hrsma and 34hrsma are moving up towards the price. the corrective pattern appears like a probable bullish flag.
Donate Rs 200-500-1000-2000 whatever one can
parimal
yes.
it's also coincides with DHema & DLema.
21ema in 30min charts lending support
cp 5938
@ Stock4sure same thing I mentioned in very first hour of trading
NF is not trading below Last close but PEs are trading above Last close
Is this right or my terminal closing something different.....????
@ Nitin Kadam,
Your comment went to spam on its own. What is the secret?
Would you teach them to our "unsolicited friends"...!!
Prices are in a sideways shallow range while the oscillators are fast reaching the oversold zone. If this continues for another hour or two, Nifty could reverse to move higher.
I have pointed out two prospective ideal buy zones.(Real prices could vary) Now the break-out would be around 5963 presently.
MD ANWAR
I am interested in helping plz provide me mobile number of patient relative
NIFTY Intraday update: CLICK HERE
Inflation disappointing......and RBI policy on 19th......
@Md Anwar,
Yesterday also told to share your number, so that I can contact you. I can't arrange for injection as am in different location. But would definitely like to help, if it is a genuine cause
both ce and pe are in green today as of now
cmp 5943ns
seems ns will trade in small range of 5935-5950 till 2.00pm and then will move towards 5971+
expectation of lower low fading
mobile number 09534123482,Thanks Mojib for taking initiative
@All,
Really sad to see that this person is writing comments after comments for help since yesterday, but he is being conveniently ignored.
In the quest for earning money, lets not forget the basic human values.
5921ns
lower low made
pt5 of a bullish WW
trgts 5971+ till tomorrow
5901 imp....for the day
adani :)
5901= 5 dema
Master,
have we finished a simple ZZ
C=A , done here @ 5911 ??
@master
can u pls brief the oscillators nearing OS, find bit difficult to interpret.
Did u mean the changes in 9HrRSI n HrSmd.
Beg ur pardon master, if i m irrelevant.
i guess 5892 is more imp support
bears bhai log kya aur bhi picture baki hai.?
@master
typo err. pls read as Hrfmd
Just a view.. if 5th leg upward is left then this correction should find support as suggested by master @5854 or 5879 (Right shoulder formation) with neckline at 5971 ...
New Post Done.
@Master,
haha no Secrets Sir !
kya jamana hai many unsolicited friends comments not going in spam & my simple, humble comments also gone in spam.
Ghor Kalyug :P
Stock4sure, can you help in understanding on why 5892 is imp support.
Nitin kadam - Ghor Kalyug :P - :) :)
stock4 - no way pls......it's on the way to me by the way if 2 pm candle close below ........ is completely short term -ve...i hv the no. but not sure...waiting for the confirmation of the move
thanks master for comment on March 12, 2013 at 10:31 AM given more clarity for sell.
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