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 ...
35 comments:
Perfect Signal Generated for Intraday Short by multiple MA
am I correct here ?
It looks like again Nifty again going to test below 5588?????
Godd afternoon Master and all blogmates.
@ Sujatha Sis., The production cost of gold has been considered at 1150$ per ounce and at present latest rate has been assessed at 1050$ per ounce during 2014.
Master,
rise 5601-5630 NS, to be seen as C.1 (LD) or as B.b ??
@ sasan ji - tks..but i am not a fundamental or technical player too :( but 25712/728 is my target (donno today itself or tomorow) let us see where it may show some intra bounce..if not - not able to imagine..again one "uttarkhand flow" without touching the no. possibility still existing for a bounce.no life before 26249 .OK. onceagain thanks.. this is not a place to discuss "gold" as it's "Just nifty" :) before any bann comes "i will go to mute" :D
gold is calculated like this
rate in dollar * dollar price / 31.13
ie ex 1345X59.7/31.13 = 2580 + Import Duty of 8%
ie 2785 per gram of pure 999 if its 99.5%
then 2785*99.5= 2772 per gram + VAT (bullion vat) 1%
for 22ct / 916 KDM jewelry its 2772*91.6% = 2539 + making + VAT
physical market works on 10 thola bar rate that would be pure rate * 116.64
ie 2785*116.64 = 324842
its a general info
@ shriram,
Such price action is often found in "B.b"
hi friends this side ways NIFTY Pataki will explode today or is it tusssssss pataki today????? hahhaha
Tks Master,
in which case B.c shud find support @ 5561-25 NS ??
80% retrace of (5566-5666)= 5686
Shriram,
how can Bc go below low of A.
That's my understanding, correct me if wrong.
NF come on.. and GIVE ME 5588
@ SJ Kol ji,
Elliott saheb ne expanded (naade waale pyjama) ka option de kar rakha hein, isliye ;-)
Max b = 1.382 x a
ns & nf both < 5600
WOW booked Part profit in my shorts...
USDINR@60.25
in last 15 mts bn-f has fallen 100 pts
SAM = woh..NF goda hai kya??? common common?? hehe
BN Lows broken...
INR 62 looks possibly
SAM took 5588 or holding.
Master,
is "B" down done ? or is 5mins Oscill too early to call it ?
SIS...
Ghoda hi to hai.... Meri Sun raha hai....thoda JOSH banane ke liye...
It made all my TGTs today.... missed 3rd TGT by just one point.
dear Sir, and Blog mates
as per pre-market coment fall is pause @5575-5580
can we say that sir?
sir
b of B done at 5612 as flat correction and c of B is on?
a perfect execution of -WW pattern
@SAM,
Can you explain your method to calculate tgt. of your GHODA? :)
BNF 11K break aya namah
if 5566 taken out 2 imp. numbers as support: 5554, 5477.
Time up!
Possible to take support @L3[5583].
Bye All.
Exited my 3rd TGT also got Completed... 5573...
@Nilesh Patil
Nothing New.... TGTs are near extreme supports...
Just I need to take cautious ENTRYs... but I take very Conservative SL ... for my trade with arround 8 to 14 points SL max .. for INTRA.
@Amol Sharma Sorry I missed your comment...
My final TGT was 5573... and as due to impulse of falling.. I waited and booked some more BUCKS.
Godd afternoon Master and all blogmates.
@ Sujatha Sis., The production cost of gold has been considered at 1150$ per ounce and at present latest rate has been assessed at 1050$ per ounce during 2014.
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