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...
44 comments:
Dear Sir;
Now the entire TT is slowly becoming red, means going into sell zone. can we sell keeping day high as a SL?
Sir,
In USD-INR hourly chart a clean Falling Wedge is seen. In NS hourly chart, can it be a Rising Wedge here with upper & lower boundaries @ 6050 and 5966 for this hour?
suppose this is 4th channel break wud be normal
in my charts channel already broken
broken in this hour
@ piyush
I was thinking exactly the same
ps..
if broken what u r targetting
Oracle says 5980 break signals Exit Longs. Must check whether Intra?
@ Sujeet,
When you see a close below Day High Ema, it is sell on rises.
One round is over.
For Sell & Hold, the close has to be below the "Close Ema".
In a low volume ranging market, sell into strength and buy into weakness to "Make money" and then trade the breakout of the range or channel.
@ Fire,
In Nifty, it is like a rising wedge., in BN, it is ascending triangle.
Break down/ out awaited.
not spot. Future.
manu,
dont know . one count can be made as i at 5886
so theoritically 4th can fall upto that and make a 5th
Hi San...5,15 min NF showing 5990-95 as strong intra resistances..
Plz throw your view.
regards
@ RG Sir
Wat oracle sir is that any software and can u please Confirm is it Nifty future --- 5980
Hello all
Sir any view on Tata steel
According to me Tata steel 560-550 sir and nifty 5600-5500
@iLANGO Sir,
What is the closing EMA now.
@ Nataraj,
Closing Ema is the one that appears just next to the close price in the tech.table.
Sir,
Thanks a lot.
the trendline drawn from the high of 6337 in the daily chart,
has resistance at 6017.
A move past "5995-6000" may give a short term breakout from the sideways move.
Failure to do so may make it vulnerable to a fall..
Nifty Futures intraday update: CLICK HERE
Hi Raja Sir
How is your commodity trading going on. Did you capture the recent up move in crude ?
Yes San. I look like one of those oil soaked penguins.
Good.
breakdown if move below 5970, bounce possible if moves above 5985 this hour
@ALL
Buy bharti 360 call at CMP target of 370 before expiry
exit nf long 5990
"SS"
@Raja Sir
Soon you have to soak yourself in GOLD too. I am expecting big moves in gold.
sell signal in my TS
"SS"
Sharp fall in "Euro"..
San : In Gold,Silver and Crude positional. Silver Intra like BN.
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Sir - Will it affect us?
SIR EURO-INR RECOVERED FROM LOW.DOWN 11P DOWN TO YDAY.
USD-INR fut. broke out of the wedge@ 45.09 and rallied to 45.21 in 10 min.
@ Rajagopal,
It is a start...More confirmation awaited.
It was in "1-minute chart".. It retraced the last 3 hour upmove.
So far it has "not affected" our markets. It could if it continues down.
Ilango sir, can we short below 5965, channel break level?
5900 call has added 9% open interest today
Sir, A fall in USD or EURO means idealy a rise in our market and vice versa right?
@GA,
Suj.please push your bus faster as i want to board the reverse journey.
Upmove or longs safe till 6000CEdoesnot break 30re range and the expiry most likely in 6040-6060 zone.
Prashant Bhaiya!
Aapne apne blog par to put buy karne walo ko 60 Rs. par nikalne ki salaah de di aur call bhi Buy kara di par yahan walo ko nahi, Yahan walo se koyi galti ho gayi hai bhaiya kya???
Manoj
This could be a false move in the ^direction just to hit TSLs a very high candle not followed up by the other candles also this the rate where morning also selloff observed
Sir;
By if we do not break the alltime high in NS soon now would that not be called a doubleTop and is that what all would want?
@ manoj
sorry, just forgot
but it can be held with sl at 25
Sir,
Always this co-relation between currency index and equity markets always goes above my head!! Can you give an article regarding this atleast during weekend?
NEW POST DONE.
no positions
ilango sir system showing sell
"SS"
hourly channel break woulud be at 5975 for this hour
Sir,
In Nifty Future Hour chart 5EMA has come down to 20EMA and trying to move up again.
can it be taken as Fast Rise setup??
also note that 5SMA has breached 20SMA from top.
please advise how to interpret this setups.
Thanks,
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