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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
42 comments:
7677 is DLEma presently.
Day Low : 7675.55 Day High : 7808.85 Range : 133 Points Day Pivot : 7778 Hr. Pivot : 7728
Currently well below Day Pivot @ 7778 and Hr. Pivot @ 7728.
NS hovering around 7680.
NS in SAH mode in Hr. T/F & SOR in Day T/F.
Weak till below D Ema @7719.
SAH = Sell And Hold.
SOR = Sell On Rises.
kahi..sar...hit...na...ho...jaaye.....
@Ilango Sir,
NS below 2 key averages and done 80% of last rise from 7661. But still above JNSAR.
Whats the view now? Do you see 5 waves done?
@master
what is the hrly TL value? 7677? same as DLEMA?
thanks.
@ anmpatel,
2nd chart's TL is almost reached; as a ivth wave, it could take a "break" & reverse as long as DLEma - 30 is held which is ....xxxxx
10dma at 7650 is acceptable for the "iv"th wave.
First chart's channel bottom would be around 7600 approx.
@7800...
Modi sarkar needs to do some brainstorming on how to tackle the ball through this level.....The budget needs to be different....or else....
Still nothing is lost.....if markets hold until budget day.....:):)
@ Sonu,
1. Nifty opened into Pre-Market's resistance;
2. Nifty retraced the first fall from 7809 to 7745 @ 7779, 50%-61.8% zone.
3. Nifty closed below 21 Hrsma at 1.00PM at 7734(21 Hrsma-7744)
4. Nifty closed below 34 Hr sma at 2.00PM at 7715(34 Hr sma - 7732)
These are the regularly followed methods for intraday.
Let JNSAR gets triggered, deal with it as per your choice- filter or no filter.
G,Afty Master & JN Family,
Ysdays -WW tgts are done ... eyes on retrace of wave 7442-7807 NS now.. have a gr8 day !
Shri... -ww ... only 1st tgt is done. .right??
@ Prabha: once 1-4 Tgt is achvd, any futher over-performance (brkdown in this case) needs to be seen via EW or classic TA or Market Profile or OI.
Not v sure WW guides beyond 1-4
Okies... Thanks Shri
http://prntscr.com/40jx6p
here, the completed pattern.. what next ?
Thanks Ilango Sir.
Do we still keep the current EW count as the preferred one (making another high to complete 5)? Or do you now give more weightage to any other EW view?
@Sir,
How do we figure out the start of v after channel break as in 4. Is it a hourly closing above the T/L?
Thanks
Prices are holding at Day channel-7651 presently.
Weakness gets pronounced below it.
Day Macd(slow) turning down at such a juncture along with 9 day rsi at OB zone suggests of weakness ahead unless prices show reversal from here..
Jnsar triggered
Master,
Day Candle forming Engulfer Bear ....and this is closing < prev. Highest sub-frac Day open of 7679 NS too sir ?
Sir........ retrace ftom 5933..... you scaring me...5 done from 5933??
extreme weakness and no rebound from supports
dev DLEMA is 7664 so prices still in DLEMA-30...aur thoda
highest addition in 7500PE today:
http://www.niftytrader.in/nifty-live-change-in-oi/
Day Low : 7637.05 Day High : 7808.85 Range : 171 Points Day Pivot : 7778 Hr. Pivot : 7680
Currently well below Day Pivot @ 7778 and Hr. Pivot @ 7680.
NS below D JNSAR @7640.
NS in SAH mode in Hr. T/F & in Day T/F.
Weak till below Hr. Pivot @7680.
SAH = Sell And Hold.
absolute carnage
Thank You Sir,
Based on your yesterday's EOD post should we now consider completion of 5 waves from 5933 or is it too early?
master can we take agreesive longs @7600 levels
Nifty double century on cards
@Ilango Sir,
"First chart's channel bottom would be around 7600 approx."
Does it mean 4th can end now?
@shriram
nf OI suggest not much addition (only 0.95) is that any significance? no long unwind and only small short build up?
thanks.
avg closing at 7620 levels
The power of WW :-)
Thanks Shri, for teaching this. ..
@ ANMP : Long Liquidation in NF, & most likelysmall qty new shorts added in BNF
@ANMP,
The final change in the OI of Nifty future is updated on NSE's website around 5 pm. We might see higher liquidation then.
jai bhole
@Raman Kapoor,
Please share the link to see OI of Nifty Future. Thanks.
http://www.nseindia.com/live_market/dynaContent/live_watch/fomwatchsymbol.jsp?key=NIFTY&Fut_Opt=Futures
(select the expiry date)
As expected NF has liquidated 6.4L shares
Thanks Raman,
hellow sir....
plz send me a excel file
my mail id is jigshah2193@gmail.com
Sir, Could you please give the download link for excel file
Post a Comment