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...
40 comments:
Thank you sir, for clearing doubt regarding Stochastics. Does it also mean that the can remain on OB or OS for long. If so then what other tools should we rely on?
Thank you for your time & effort
geet
tergeet: Index/individual stock can remain at these extremes during a 'deep trend'. ie. OB in a Bullish trend and OS in Bearish. You can observe many stocks reaching 90 - 97% and still climbing in price. The first indication normally comes from a 'anti direction' divergence (-ve in OB and +ve in OS). That is a signal for us to halt and ponder our position.
(Wow right or wrong got the conviction to talk. PS am I right?).
@prabakar
Hope so your bahrti is still raging
geet : RSI,MACD and MACD-H are useful to warn trend reversals. If RSI turns around from its direction it denotes weakening of the trend. So are MACD,MACD-H. But what the learned men warn us to desist from using multiple indicators of the same category to get signal on the same aspect.
absolutely right rg sir,
5d became o/s (value 15) on 15 nov ns 6121, imagine what
wud happen to someone if he maintained long bias
frm that time. apart from so many things, one most admirable
skill of sir is to use a tool when it works and ignore
it rest of the times. learning this is very slow probably
that is why he says "get rich slowly" otherwise his trades are
"get rich ultraquick"
@Rajagopal ji
Now next question...
Divergence in the form of Higher high in price and lower high in STK. or would it als have to be a reversal in the form of a crossover and break below 80.
Illangoji & RJ ji,
although there would be many articles to read, i also feel true learning happens only in the presence of a Guru.
Thanks for bearing with me & your kind support
Geet
sir want to ask u .. Rel Infra trading below 5LEMA (852) M LONG 853@ SHOULD I WAIT OR WAIT TILL CLOSING..THANXS
Thank you PS.
geet : You are pointing the perfect scenario of Price raise on weakening volumes/interest. It could either be a consolidation phase or a pause. We refer to the longer time frame for clues and based on the concurring or differing confirmation either Part Book or Add on positions.
@ Prashant,
In my opinion, RelInfra in future is already weak below 857 and more weak below 851, you can now keep sl on closing bases of 847 the low made on 1st Dec. and trade accordingly......
gauresh59
THANXS gauresh
PT any idea when this fertilizer meeting rescheduled to?
Thank you Rajagopalji
You are very kind...
geet
FAST FALL SET UP IN MAKIN ................
"5981" DH Ema should hold on closing basis for Day strength.
Hence, an attempt to press it below the same is ON.
@POWERTRADE,
I am long in Bhartiartl @346 yesterday
Ilango Sir, The volume is not supporting this upmove. Pls comment.
@prabhakar
Hold on to it 380-378 is the target
@prabhakar
Hold on to it 380-378 is the target
@POWERTRADE,
Thank you for your confidence target
BN brakes 12300. Worth going long here?
market may test 5945 intraday...if 5970 breaks convincingly...
It has broken the channel @ 5965 as in "iv"th wave.
Any further upmove possible if 5965 is protected.
The target given by Sir in the morning is achieved.
@ilango sir,
5965 protected at present a low risk buy here or not ???
Fast raise setup in the making.
6000 call oi down by 6 % seems they are not confident that Nf will move more down
prabhakar ...bharti high ema is 353 and low ema is 341
A fast rise set up in the making in intra rt chart.
But Sir Volume is very low in this up move.
@ RG - hope i am clear in my views??? u didn't reply i am late today..enimel, sariyana nerathukuthan "system open" :) before that some other work . think picture abhi bakki hai once it neared cal L5 so chances r there for breaking . let me wait and see
bye for the day.
Gap filled now.
Good After noon Lady Nick Scott. In fact I did reply with a Good Night to you. It didn't get updated (problem with my net card). About "changing colours" you have only two "honesty and bold" as black and white.
Please keep blasting.
If rises from here, it ll b a perfect fast rise set-up.
nifty next level is 5955
Sir 5965 can be used as SAR?
Sir,
if 5965 is broken,
then 23.6% retracement level from recent rise comes
to 5950.
do we expect same or ur 5935 more on downside?
Regards
nifty 10 day ema 5 ema and 5 low ema close down
NEW POST DONE.
in hour chart
Post a Comment