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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
27 comments:
What can we do in nd nw
Nifty moved into the resistance zone at open at 7917-27 - High 7923.
Nifty reached yesterday's low at 7881.
The swift opening fall of 42 points is being retraced presently.
Two trade possibilities exist for day traders, if not sold earlier & part booked:-
1. Counter trend trade:
7902 7907 ... is 50%-61.8% retrace of the last fall from …… 7923 to 7881
80% is - 7915
If weakness is to return, it should be around 7902 7907
Strength gets confirmed above 7907 OR 7915
2. With the trend trade:
Buy on dips around pre-Mkt's support zone of 7859-68 with a small SL.
(21 Hr Sma is likely to be tested today...)
dear all,
I want
EW theory E book please suggest
THANK YOU
BVREDDY
good morning
Ilango sir and blogmates
jai bhole
@ venkateswara reddy bhimavarapu
Master's writeups are best to learn EW.
If you want book, then go for Pretcher
@ venkateswara reddy bhimavarapu ,
I have sent the e-book on EW to "JustNifty group".
Dear Illango Sir, Can you please make me a member of your "just nifty group". I also want to have that E-book to learn. Thanks for your support and superb analysis.
Gudmornin Sir n mates. yesterday SBIN touched its upper bolinger @ 2460. Has broken n is below its 10 n 25 SMA"s. The lower Bolinger band is at 2352. Wonder what may happen if it does test its Lower Bolinger band
Dear Sonu
Can u pl send Elliott ebook to vaishnav.shukla@gmail.com..
Sir, for existing longs what shd be the sl, 21hrsma?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7907, S1-7891, S2-7872, VWAP-7895
Another consolidation day with the boundaries till Expiry marked at 7750-8000, Intra is a buy on Dips till the lows of the last 2 days are held….
Thanks & Regards
@Unknown,
BN 14700 :(
Zooming 16000++++
I get ur point Prithvi.
I do only Intraday trades Prithvi. was suggestin dat figure only for dat specific day Boss
Thanks a Ton Ilango Sir for making me a member of your group. I would like to make a small contribution from my side towards this website. Will let you know the cheque details soon.
For TT followers :
11 AM - both Nifty and BN closed below hrlema. Time to test the DHEMA range during the day as long as hrly closing continues to be below Hrlema.
@ Prabhanshu Raman,
As long as 34 Hr sma is protected, uptrend continues.
If prices, after breaking the hour channel, fails to move back into the channel.....
If prices, by EOD, closes below DHEma....
then "trading mode" comes into play between HEma to LEma..
Dear sir, why my comments are not visible. ?
Thank you Sir. Currently, 12 noon prices is trading below the channel (channel bottom is 7872). To come back in the channel it has to close above 7882 at 12noon.
If thus happens, then we shd consider this correction as 4th wave from 7540?
@ varun kumar ,
No comments of yours has gone to SPAM. It must be to do with the browser problem. I have faced similar issues earlier. As I press the "Publish" button, all my articulated comments have simply disappeared, frustrating me a lot.
Copy(cntrl + c) your comments before pressing "Publish" button. If faced with problems, try another browser.
Master, Can we use this 21 & 34 hr sma for stocks trading too ? Pl reply
@ hari ,
Every instrument, depending on the volume, would adhere to certain technical rhythm.
Find the one that suits a stock - it could be 21 or 34 period or some other number. It is easy to find by simply plotting it on the chart to see its efficiency over different periods of time. Accept few whipsaws. Fewer the better.
New Post Done.
Thanks U master
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