Wednesday, June 19, 2013

Nifty, holding DLEma-5777, ends the day within the "Pause mode/ sideways range of DHEma-DLEma".


Yogi said...


I m not a EW expert...I follow your labels and then continue with JNSAR.

I have one doubt...why would you mark 6134...5683 as "iii" in 5-D chart? This hasnt completed 5 waves yet.

Kindly enlighten.


Anandha said...

@ Yogi
Wave A will have 5 subwaves where master labled as i, ii, iii, iv( still in progress). Generally iv will not cross the i. So we may see down side to form v.

Adrian Jose said...

I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.

rajapvt said...
This comment has been removed by the author.
Yogi said...

Mate, My question was about 6134...5683. This part of trend didnt do 5 wave structure.
6134...5870 sub-wave 1
5870...5972 sub-wave 2
5972...5683 sub-wave 3
But seems like Ilango labelled 6134...5683 as wave "iii". Hence, I got confused. Above should show 5 sub-waves to mark 5683 as iii.

I maybe wrong, if someone can helping me this labelling.

I 'd appreciate it.


vignesh S said...

@ yogi
I 6229.45 5936.8 292.65
II 5936.8 6133.75 -196.95
III 6133.75 5683.10 450.65 1.54*I so far
(i) 6133.75 5869.5 264.25
(ii) 5869.5 5972.7 -103.20 -0.39*(i)
(iii) 5972.7 5683.10 289.60 1.10*(i) so far
(iv) in play could have ended at 5863.4
(v) might be in play...
that would complete III
then followed by IV and V

vignesh S said...

(iii) can subdivide also chances r open as it is not extended. ..
so it looks like this if subdivide
i 5972.7 5683.10 289.60
ii 5683.10 5863.40 -180.3 0.62*i
iii in play from 5863.4
else above labels...

shriram said...

@ Yogi,

may consider 2 lable sets
1. simple ZZ : 6229-5683 done

2. Bearish lable (zz or 5wave in play)thus:-

a/1 6229 5937 -292
b/2 5937 6133 196 -67.1%
c/3.i 6133 5884 -249 85.3%
c/3.ii 5884 5973 89 -35.7%
c/3.iii 5973 5683 -290 116.5%
c/3.iv 5683 5865 182 -62.8% # done ?

Anandha said...


First thing, Do not mess up the wave counts of EOD charts with Hourly charts. Master shown in EOD chart as wave iii.

Hourly charts may show you sub waves, there could be more subwaves while expanding time frames.
The one which you are referring are of waves in Hourly charts.( off course these could be sub waves of daily charts).

Secondly, EW also have alternate possibilities. There could be bearish possibility lying in the charts/waves.

Hope the explanation by our mates with these points would clear your questions.

shriram said...

and though it looks a pit far-fetched to forecast tgts for the Bearish alt.

since C/3.iii was not Extended w.r.t C/3.i (did only 116.5%)

The chance of C/3.v doing a Wave Extension are v high

Min tgt for this extreme scenario is
c/3.v 5864 5459 -405 162.7% (of c/3.i)

And if this comes, we will prolly drop the "c" and call it a simple IMPULSIVE 3 DONE

Note: All this only if the Bearish option plays out tomo


Yogi said...

Thanks a ton, guys.

I m now, very, clear with EW possibilities.

Though, I dont comment throughout the day, but I dont miss any of the comments that go through daily posts.

I have really learnt a lot.

Thanks again.


chetas said...

This guy, rick santelli is too good

R.S. SUNDARAM said...

Good morning Ilango sir and every one

Anandha said...


Yesterday Gold 5-Aug contract gave an excellent returns for CAM Traders. :)

venkateshspices said...

Good Morning sir & friends

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