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...
108 comments:
@ilan
Chartnexus is not a real time software. If you are new to stock market i think ichart is more than enough to learn things.
There are other softwares which give you buy and sell signals. But most of them are trend following systems.
5 day high and low ema system and JNSAR catches the trends easily. I would suggest you to use icharts and try to learn the system followed here. and for earning money you should follow sir's intraday suggestions.
Presently, it looks like a false breakout..
Priya Mitro!
Nifty ke hourly chart me MACD me +ve divergence aa raha hai, agar koyi confirm kar sakta ho to pls bata de..kyonki ye ek aur strong Buy signal ho jaayega.
Manoj
Sabhi bandhoo logo ko panam,
Seems like base formation.
RainMaker
*pranam
@San,
May I know "5 day high and low ema trading system"? Is there in your blog?
@manoj .
i dont know whether buy will be profitable or not.
but there is +div in hourly
I exit with 10 points gain:)
@Prabhakar
Read the TECHTABLE above. Sir has mentioned a TREND INDICATOR at the bottom of the table.
sir
bank nifty has cleared the high which was
corresponding 5833
in nifty
Prabhakar
That's quite simple
Long above 5 day EMA High and Short below 5 day EMA low. with reversible SL.
I think that is somewhere in this blog too.
nifty has madea higher high and also a fast rise set up may emerge in nifty 5 min intraday charts if keeps sustaining over 5700 for some more time,
amazingly today no red spot has been visible yet in 5min charts,taking supp at green spots and moving up
yesterday's top to today's top - double top looks like!
Nifty me pichle kuch minto me Teji rukne ki vajah ye hai ki ONGC ke share me selling aayi hai, khabar failaayi gayi hai ki uske kuch kuon me risaav ki khabar hai par ab ICICI BANK aur SBI ne morcha sambhaal liya hai...so mujhe to teji hi theek lag rahi hai.
Piyush bhaiya thank u...aap bade kind ho aur aapki aur Manu ji ki baat cheet me bahut maja bhi aata hai aur gyaan bhi badta hai.
Manoj
Sir - "5720-40" was the R Zone that you indicated during last raise also. It did not cross it then. Means it remains in place. Now identified "False B'out". Do we see downside??? BN is strong - hope not the gullible goat route to Mr Subba Rao ???
RG Sir,
Thanks for the Thursday Toofan. Should we get ready for the Friday Fry?
staying long will be risky below 5687 or so this time
Below 5683 spot = 5656
@ Wolfe Wave India,
I also think that a fall will be thr in Jindal Saw. am expecting a fall by Rs. 8-10. Kindly give your views.
Regards
Naveen
Looks like dead cat bounce!!!
longs shud b initiated between 5685-5690 zone,
with a sloss of 5680.All spot rates
@Mr.San.- I read it previously. Thank you for remind me.
@Rainmaker - Thank you
Hi CK : Last Friday we had Nifty French Fries. If sir says it is "False B'out" then "kundali" matched for the muharat.
range of spot = 5689 to 5715. A break of either
one side= will decide
$ index diving
@SAN,
my friend, thank you, but here my friends are using
Real time software , but keeping secret, i know about market,
it shows tail and face to everybody, somebody imagines them as experts,
see our ilango sir,even he has a lot of experience , giving directions
only , nobody can give assurance(except some clear directions), but
this guys ..., ok SAN, i charts is enough , but i need real time chart,
with out any buy-sell signal,only market data and chart, please find and
suggest me.. thank you
@ RG,
As per the trendline drawn connecting the recent tops of 5874,5834, Nifty has attempted to break out @ 5748 once, then 5729 yesterday and now briefly @ 5718 but failed.
The base 5625-5635-5645 zone has been holding. One should wait to trade the break out.
RG,
"No tax is worse than Inflation and Govt has no tool to contain it" - PC
if at all there is a tool, it's increasing the intrest rate.
caution: indonesia still correcting..
parallel to indian markets in 2010
Hi,
I am in bit confusion regarding my purchase of 5900 Call.
if price becomes zero then also am I bound to cover it at the expiry??
is there any penalty if I don't cover it??
please guide.
@ ilan try motive wave it's free
nifty is in trading range of 5720-5680 for today,
i guess break of either may give 5750 or 5650
emas are converging,may see start of volatility soon
@ilan kaalai
I don't clearly about real time charts. I am observing google charts. you can watch nse site also(but it 3 minutes late)
http://www.nsetracker.blogspot.com/
@ilan & ALL,
Try this link
http://www.niftylivecharts.com/RSI_chart_large.php?input=NIFTY
Dear Ilan, Dont get disturb. You will get the required
realtime chart w/o buy signal on
http://chartink.com/nifty.html
FREE OF COST only you need to register
@Rahul K. Jamkar,
Link please
Sir knowing your layman/ignorant/backbench student, you have depicted a triple top and triple bottom there !!! Nifty is caged ??? Thank you very much sir.
@ Akash: No you are not bound to cover your position. their is no penalty. on expiry day it will be automatically sold off at the closing price.
@illan kalai= i did post to piyush sharda and sir
about investbull realtime charts@ www.investbull.com
go there n subscribe@1800 for 6 months. Do this only
if u have some knowledge about the mrkt, or else
the charts will kill you.Follow the 60 minute chart
n u will see gains for urself. 100 points minimum
@ilan= they r data providers= give u each n evry minute
detail, including EOD charts etc
"Nifty is behaving like - Short term Memory loss" FII are required to give the direction
oh , i have got a set of good friends , thank you so much,
tigar,kkay369, and prabhakar ,
@rahulk.jamkar
can you put the link here,
thank you too ,
my dears thank you once again
thank you sujeet
deepak
Could you please elaborate
"Follow the 60 minute chart n u will see gains for urself. 100 points minimum"
How can one get 100 min by just watching 60 min charts. One needs a robust trading system too.
If you have some kind of a method pl. do tell us
I accept Crore. Is it Chimbu who said this? surprised. But if inflation is fuelled by Supply side how will interest rate hike help? It helps in curtailing Demand influenced inflation. The FM knows better than me. (Aam aadmi is crying for onion - RBI wants lesser money flowing to him? May be he will stop eating onions !!! Good managers).
as am on mobile will try but it will take time
very boring....
It is soaking to serve
Sujeet bhaiya!
Ye memory loss ki problem nahi hai, Bears ke haath se game nikalne wala hai so apne survival ke liye fight kar rahe hain. A/D ratio bullish hai, Bank Nifty bullish aur RIL bhi tejadiyo ka sath de raha hai so ye survival of fittest ki fight lag rahi hai mujhko to aur Bulls ke jeetne ke chances jyaada lag rahe hain next week ke liye.
Manoj
Govt. is fooling the aam adami, It's almost 2 years they are saying repeatedly 'inflation will be under control in next 6-8 weeks ' but doing nothing to ease the supply side constraints, unless we grow more food to feed the ever increasing and now prospering population, inflation cannot be bought under check.
ww.marketcalls.in/softwares/motive...this one of the best for all stock & index live chart. sorry 4 spells
@rainmaker=I do trading only intraday.The chart has
time frames. I follow the 60 minute chart for a longer
intraday horizon, but do keep watching the 1 n 5
minute time frames also to corelate my trades.
.The chart has different dma/wma/
ema/sma. I follow the WMA/EMA5/SMA15 N SMA50.These
parameters give you the support n resistences at
different levels during a day.At that particular support
I buy,with apprx 12-16 point sloss, and go long, as I
did yesterday.I bought at 5636 or so, and coverd at
5726.It showed me a strong resistence at 5635.spot
touched 5635, and came down
typing mistake= showd me resistence at 5735
www.marketcalls.in/softwares/motivewave-the-villan-arises-for-all-the-paid-realtime-intraday-feed-softwares.html
when Dal is selling at Rs 80 -100 per kg in market what is the use of raising the procurement price from say 25-29 to 35 Rs. Increase it to 50 and see the farmer growing more dal and the same will available at 60-65 in the market. same is the case with other agro commodities, farmers are commiting suicides because of non remunerative prices.
Ha jee Manoj Bhai! Aap Bilkul sahi farma rahae hai. Es bar Agar 5720 kae oper gayee to kaphi mandee walaeon kae SL hit hongae.
production is good but supply is bad,tons of produce are wasted due to poor supply management.What else can RBI do...supply management, no they can only increase intrest rate.
Pahli baar India me NEED, COMFORT aur LUXURY same rates par available hain...ONION 65 Rs. per kg, PETROL 65 Rs. per KG aur BEER 65 Rs. per Bottle...Congress ne samaanta ka shashan sabko de diya hai Sharad Pawar ke thru..Aur black money walo ko special protection ka apna waada unse nibha rahi hai ye party...dhanya ho Manmohan singh ji..aam aadmi ke supporter.
Manoj
@rain maker= u have to have knowledge of the mrkt, if
one does not have knowledge= DO NOT USE CHARTS, they
will kill you. You will never kno whn to buy or sell.
+ I also do my own little studies. I wait for intraday
swings with INHS"s and HNS's, which the mrkt gives
every day, even for 10 points if need b. If I m not
sure, I stay on the sideline
deepak
thanks for explaining, but I am little illiterate when it comes to Intraday trading.
@Rainmaker
As per my charts= 5688 n 5719 hold the key for now.
Without trying to act like a HERO, I humbly do say
this with a huge sense of authority, based on the
charts ofcourse.My charts currently tell me this
Wikileaks did not reveal the data of Swiss A/c Holders. Why? who is stopping...
Why Govt is not disclosing the data instead of supreme court instruction.
If i had been in place of Mr.PM, i would have given them one chance to bring back the money, with 30% tax to Govt. and your money is white.
@Rainmaker= thats perfectly fine
@Rainmaker
It gives you the DMA also= Direction movement index
intraday. For example currently, I got a buy at 5682.
I bought at 5686. I m long since then. it tell me
the current res at 5717 or so.I will cover close to
5717, and further buy again
only if and if 5717 sustains
@Rainmaker
my current sloss is shown as 5686.i m keeping a buffer
of 6 points now, hence sloss @5680 now,hence my loss
can b 6 points only
@Sujeet
Why let these guys off the hook. What they have done is a criminal offence. Had this been the US, the IRS would have hounded them high and dry.
I feel the minimum they owe is 33% Tax + 33% Penalty. In all fairness, the IT dept should get 2/3rds of the money.
@piyush Sharda= kahaa ho bhaiyaa??? no hear 2day
sir..
ril will and is making difference..
will it ..this is the last hope i m having n ths stock..
hi deepak..what criteria for DMI ? which one gave you a buy at 5682 ? Plz clarify.
deepak, thanks for explaining, someday after market hours I shall try to understand with your help, how exactly you trade. I understand it will take a heavy toll on your time if we continue discussions
@rainmaker=
If spot sustains5720 = it will trgt 5748++. All shorts
and small ones may b initiated at around 5720 level
with 5 -6 points slosssonly
Nifty,
why only 2/3 and let them got scot free ?
When we have their names why not flog them publicly and get all the money.
1/3 or for that matter 2/3 could have been, had ppl disclosed their illgotten money themselves.
Dear Mynac bhaiya!
Kahan hain aap, aaiye bhaiya ji aur open Intt par kuch prakash daaliye shayad tabhi Nifty ko kuch direction mil jaaye..waise mai to bhaiya poore conviction ke sath buy kiye ja raha hoon aaj.
Manoj
Now the real break out...
@ka
I mfollowing the charts provided by investbull.com,
n at 1800/ for 6 months= I get a whole range of the
intraday/EOD data's which they provide.Within the
charts itself= it has roughly 25 parameters, such as
stochastic/RSI/MACD oscillator/DMI/WMD2( williams-
accleration/decelaration etc etc etc.I follow the above
parametrs only n trade.
@Rainmaker= I coverd my LONGS = got 30 points now. Will
wait for 5720 to cross decisively
sir,
Plz update tech table timely...
It is criminal to have vast sums of money stashed away. when more than 84 crores of people are living on less than Rs. 20 per day.
@deepak,
How to watch nifty in http://www.investbulls.com/jCharts/rt.php
I login as free registered member. what is the code to nifty
Dear dare bhai!
Agar aap "timely" na lagaaye to bhi aapki baat poori ho jaati hai, ho sakta hai sir ji kahin busy ho.
Manoj
Ok guys off for now, have a good day.
thanks deepak.....
what perids you use for DMI ? and which ind gave that buy signal which you were referring to plz ?
regards
Illango sir will kill me for saying this. But if u
all can convince him to use my password, and see
the charts, as he alone is the Supreme Authority
on this subject, I m dead sure he will pin point
n give you the exact@ i mean exact levels to buy n
sell. i did suggest to him the same yesterday, but
he politely turned it down. it will not cost
anything. he will use my password, and tell us all
@RG sir,
leaders world over are clueless. At times of low demand, they set interest rates to near zero. At times of high demand set interest rates to above 10.
And so maybe markets trade ranged between these rates.
Rahul K. Jamkar
thank you, i find there another one link you check it
http://www.marketcalls.in/analysis/live-mcx-and-sensex-metaquotes-charts.html
@ ka, on a 60 minute intraday chart=
i use the foll time periods. 1= WMA 10. 2= EMA5.
3. SMA 15, n SMA 50. Gives me the near about exact
lows n highs/ supp n ress
Illango sir will kill me for saying this. But if u
all can convince him to use my password, and see
the charts, as he alone is the Supreme Authority
on this subject, I m dead sure he will pin point
n give you the exact@ i mean exact levels to buy n
sell. i did suggest to him the same yesterday, but
he politely turned it down. it will not cost
anything. he will use my password, and tell us all
@ALL here= for God's sake= WAKE UP n TELL SIR the
above pleaseeeeeeeeeeeeee
@Rainmaker
see what I mean= twice it has attemptd to cross 5717
but not so yet. However,EMA 5 has shown me support
at 5699-98. if this sustains= still chance of going
up.on the lower side, if 5685 is breached= TROUBLE for now
what a fall....
I did not get the time to short, as I was typing.
As I was doing so=mrkt fell
buyyyyyyyyyyy here, with 3 points slossss only
what happened to BN? From 10900 to 10800 in 1 min?
this is a risky but 3 point sloss buyy call only.
My chart has been on a sell at 5708, n is still on
a sell.But on an EOD basis, 5683 is a support.
Once this bresaks= 5656-54
algo selling
i m long at 5683 spot, with 4 points sloss .lookin
for trgt of 5705 - 5717-5748. this is a RISKY call
= going contrary to my chart sell at 5708
ding. ding.. ding... 5640 calling :)???
sloss hit=my chart is right= i m wrong. No worries
did a small trade only with 4 points sloss
thanks deepak...
@Sijatha,
Nice sentence...
bears remembering same day of 2008.
@ka= i ma buyer again at 5683-84, only if it sustains
above this again
Look like a diamond pattern breakout in Nifty hour time frame!!
* break down!!
At 5716 spot= 47 lakh nifty volume got traded.
My guess= the more the shorts= the fater the rise
flag formation in 5-minute chart, if works likely target 5640 NS
NEW POST DONE.
@ Prabha - 13.40 trade intiated... 13.59 trade closed... bye.. if i wait for market "what it will give means" i will get a slap instead "if i trade what i want (level) means" i will be happy. i am happy now. Out with my position. whereever it goes no worry at all :D
Bye Happy week end to all.
@KA= bought at 5684 spot= Lets c now
@Rainmaker @ ka= my charts tellme that we r in a tight
range. Spot sustaining above 5691= 5715. no stop in
between this
sujatha always seems to catch trades at right moment.
But never tells immediately. wonder why?
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