Monday, October 21, 2013

Nifty Intraday Update-II


shriram said...

A Small +WW forming on the 5min charts.. pt 5 should form near 6165 NS

Holding DhIEMA , can see 50-100 pts up , from there...

suresh said...

sir ji,
has ns formed a weak wave-b or a wave -b failure @ the flat pattern formation
pl clarify.

maninder said...

hi shriram in which Tf u r seeing +WW

suresh said...

if ns breaks below 6155, then the pattern can be deemed as elongated flat

shriram said...

@ Maninder

5min chart..

Aly said...

Dear Ilango sir,

Does it look like a i - ii i-ii kind of structure from 6200 implying 3rd down?

Sonu said...

Shriram Sir,

could you share the coordinates of +WW?

For educational purpose only. No hurry, as time permits.

Ilango said...

@ Aly,

Till below 6187, such a possibility exists.

Prabhanshu Raman said...

Sir, you mentioned. .
If 6033 to 6152.35 is 1
6152.35 to 6129.35 is 2
6129.35 to 6218.80 is 3
6218.80 to xxxx is unfolding as 4th.

It gets negated if breaks below 6163-47.
My understanding of rule is 4th can never enter in the territory of 1st wave (6033-6152.35)(except triangle). But you mentioned that above scenario will negated if breaks 6163-47 where 6147 lies in the territory of wave 1.

I m missing something?

maninder said...

hi shriram could u post the chart with +WW for ref pls

Prabhanshu Raman said...

Sir can we say (4) done at 6167 from the fall from 6218 in 3-3-5 pattern?

dharmu mishra said...

Dear aly
As far as I understand if it get negated than labelling will change by itself there will b no confusion of 4 wave

Prabhanshu Raman said...

Sir, can we say (4) done at 6167 from the fall from 6219 in 3-3-5 pattern and (5) commenced as below:

(i): 6167-6182 (15)
(ii): 6182-6171 (11)
(iii).(i): 6171-6179 (8)
(iii).(ii): 6179-6174 (5)
(iii).(iii): 6174- unfolding

dharmu mishra said...

Dear ally
Sorry it was addressed to prabansu Raman

Prabhanshu Raman said...

Hi Dharmu.. my query to Sir was related to negation point for ew study purpose. I understand that Sir has mentioned 6163-47 as .618/80% of rise from 6129-6219.
But wanted to understand on relating retracement value to 4th wave negation point which I understood that 4th can never enter in the territory of wave 1 ie not below 6152.35.
I know I m missing something here but wanted to learn.

Amol Sharma said...

good afternoon all ""Babaji ne sapna dekha to khajana milega kya ????""

dharmu mishra said...

Hi Raman
There is lot to learn on this site
And all seniors guide so perfectly that we come to know were we r wrong
I Thanks to all seniors who gv there precious time during market to guide us

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