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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
37 comments:
If copper closes above 407 and sustains tgt is 425 :D
but before that it may attempt to fill todays gap
DINESH JI U TRACK COPPER TOO
Hi Kumar,
pls post your blog url
Dear ilango sir and blogmates can any body provide me intraday data of 4MAY, 5MAY,6MAY OF NIFTY,BANK NIFTY, IT AND SCRIPTS OF NSE
kunchum kunchum :D
Jயொதி ஜி வெல்கொமெ
sir,
with today's fall zigzag correction(frm 5443) ruled out, it can be flat/
irregular/complex.
downside marked 5475-95. cudnt it be more?
One thing which comes to my mind that FII is selling and DII is buying.
That means DII is providing good stock prices for FII to exit on heavy volumes.
Ultimately DII money is mutual find, ULIP etc. money of Indian Pepopla.
These fund managers are not bothered for that. Instead they are buying the stocks and may be geeting some hefty commissions from FIIs.
In this blog twice, i told everyone that they may exit their mutual fund holding, swithc ULIP fund from equity to debt at 5850 levels.
Now everyone knows that what will come next? Time is not known by atleast 4700 is no doublt will come.
LT term investor are exiting indian market bigtime.
CLEAR CUT VIEW: From hereon nifty future might trade in discount.
and we may see the discount in the range of 50-100 points which wehave not seen for long time.
that will be clear signal that these shorts will not exit market so eascily.
For me 5610 WILL NEVER COME IN THIS YEAR.
I told just few days back "THAT 5750 WILL NOT COME"
Pankaj: Nice Prediction on 5750
@Saibhakt Good analysis.
sabhi bandhoo logon ko pranam !
Pankaj: You are ahead in trend prediction,,, I am also
excited to see 4877 by July, let's see do we or not,
will follow trend rather predicting far numbers now,,,
@SaiBhakt: "For me 5610 WILL NEVER COME IN THIS YEAR"
hmm... this is a very big statement that you are making. One thing that I have learnt is that one can never predict how the mkts will behave. Mkts will do the most when you least expect it to do .. Yeah sab FII ka khel hai ... We must just go with the momentum ...
5535 IS BIG RESISTANCE NOW.
@ PS,
5477-MLEma has given support on Friday. If it is a corrective rally, it is likely to hold till the correction is done.
Breaking of the same decisively may lead to lower levels in the coming days.
These are for intraday only. Resistances acted well on completing "a" wave. The current "b" wave would be complex.
Saibhakt
Why takeout MF investment they are suppose to be there for long time to come. One can off course buy more at lower levels, if one gets
As to 5610 if bulls give a slight push we can have it today itself.
Generally I am more wrong then right (:
Yes a close above 5535 could do the trick
Thank you sam, rajapvt.
Support and Resistances are like promises
Market has bad habit of breaking both :D
thank u sir
* 5min close above 5535
Dear ilango sir please plz provide me intraday data of 4MAY, 5MAY,6MAY OF NIFTY,BANK NIFTY, IT AND SCRIPTS OF NSE
Master,
Perhaps at this juncture, it is too early to say, but at the closing of 11 am, both Daily & Weekly Slow MACD & KST have entered their respective negative zones. Can it signify deeper falls now?
SaiBhakt,
please wait for 5450 / 5300 to confirm this view of yours,
if we dont break 5300...
we could be all set to rally back to the higher end of the range.
let the markets decide, who gets it right this time ;)
all the best.
@ Fire,
Daily TA & weekly TA would be decided based on the closes of Day and week.
4 hours to the day & 4 days & 4 hours for the week.
Presently it is a "Pause". How it'll develop later would be known once either the supports(5475) & resistances(5575) are broken.
Master,
yes, I know that but getting greedy! :D
In my view, it is still 4th leg, 5th pending.
5th is very interesting leg, as it gives huge volatility to trade.
It may close around 5150-5200 level.
dini bhai ,, give me ur email address ?
Pankaj ji, time frame is also important i believe for
the numbers you mentioned, do you think we can see
that number in may/june?
SaiBhakt
whats use of giving such wild tgts
It may close around 5150-5200 level.
Plz tell us todays closing so we make some money
brijsolution test mail sent :D
@ amrendra,
You can get the data(Nifty & BankNifty) from the excel files uploaded and links given as "JustNifty TA(09) and BankNifty TA(09) under EW/TECHNICAL ANALYSIS.
5/13/34 EMA's are converged at this point of time in 30 min
time frame,,, a break down can be good opportunity to
sell side,,,
vix around 21.56...master had said of bigger falls if moves past 22.
Bank Nifty
all moving averages converging
a 5 mint candle close above will give signal of
Fast rise setup
http://bnchart.blogspot.com/
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