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...
65 comments:
Dear Ilango Sir & Blogmates,
Stock Update : HDFC - A Swing Trade
Thanks & Regards
Thanks Sanjay sir
Your new blog is great !!!!!!
Goodmorning sir and all :)
Special request sent to my gf/gm/mom/ great gf/great gm etc., to take nifty "up" thro email as today is "new moon day". hope they will do the needful.
PS : BNF breaking here means 466/394 is my No. so all "protect-aye namah" and 12th july nifty "gap fill-aye namah"
Morning everyone!
Bulls need to turn up 5DEMA , will happen wid EOD close > 5226
Bears need to press here fast & break 5175 if they want to rule....
cheers
Good Morning ILango sir & everyone!
Dear Sujatha! New moon tomorrow, not today:)
Timepass Joke:
Wife: Aap Saleem ki biwi ke janaaze me nahi gaye?
Santa: Kis mooh se jaun, wo teesri baar biwi ke janaaze me bula raha hai aur mai usey ek baar bhi nahi bula paya:)
@Shriram,
Good Morning.looks like both BULLS and BEARS are equally placed as of now and no one is giving it up
5DEMA and DLEMA have fallen sharply in last 2 days so is JNSAR. Further day lead indicator has still not triggered though in overbought region.As Ilango said the outcome will be by today or tomorrow.I took long position with a view that MEMA will provide good support here.
Dear Shriram!
You are a senior & responsibile contributor now so pls do not use this kind of "DANDA" language, hope you will delete it & take it positively.
Rgrds,
Kumar
Sanjay sir
You had mentioned targets 263/275 for Godrej Ind.. It touched 262 in one day and fell so much.. can you assist me in understanding this move? Is this a normal correction? Thanks
Hi CDG,
Nice. Well personally prefer to go along 5DEMA or @least
5hr-10Hr bull x-over + cmp> 34EMA, 30m
And so the wait continues from ysday :-)
kumar ji,
noted with thanks.
@Shriram,
When do you see this bull cross over coming i.e around which level are these poised to cross each other as of now.
Thanks
Dear Shriram!
Thank you so much...
@Kranti
I am just posting chart with sirs high low ema analysis..
It is getting resisted at monthly high ema here and fall can be taken support at weekly ema (yellow channel)
http://img849.imageshack.us/img849/184/godrejind.png
Kumar sir -
http://www.dinamalar.com/dailysheetcalendar.asp
I know u donno the language..but u can see the mark. Donno abt others southindian Brahmins r giving “pithuru thithi” today only . Mera target is very much downside if this breakes decisively. But never short the OS mkt am not lucky if at all I know the target also :P and hawala too nearby. Bounce to gap up area is good to decide positionally or else nearby area. So I am waiting nd watching.
@ 5173, it is "almost"(5170) at the "Falling wedge's support line"
On way to filling gap On 29th june to 5149
@ CDG:
Since we r so close to 11:00Am , lets assume we close Hr @ 5174
Then if 11:00AM close is @ 5174
For 12:00noon 5Hr-10hr BULL x-over will occur on close > 5245
And 34EMA,30m is @ 5216
Long way to go for becoming a bull :-)
Dear Sujatha!
Calendar reply by another calendar:
http://www.drikpanchang.com/festivals/sawan/hariyali-amavasya-date-time.html
Dear Ilango Sir & Blogmates,
OI Update at 11:00 AM, 5300CE OI Above 1 Crore...
Thanks & Regards
Yes i can see that... Thank you very much Shriram.. You are very good in calculations and then putting it up...Thanks again
sir and all friends..... good moring.... update.. Nifty Hawala 5149.... god bless u all
Dr kumar,
Pranam sweekar karein bachon ka.
☺☺
11.00AM TT & Chart Updated.
Thank you so much Anil
Dear Pam!
Good Morning, Aapke msgs ne to mujhe bachcha bana diya hai ab...thanx for all those:)
bullish WW pattern in BN 5 min charts
trgt 10580 till 12.10pm
5173 monthly 5 ema too...
haha.. CDG,
Not me, Thank ilango ji.
If only ppl realised the real power of the TT , its magic in the right hands :-)
New Moon (Amavasya) Dates for 2012
19th July
Begins on the 18th@ 05h37
and ends on the 19th@ 06h22
How to understand the information below. Well it's rather simple for example, on the 22nd
January Amavasya begins @ 10h48 and ends on the 23rd@ 09h37. So although we have given the
date for Amavasya as 23rd January, Amavasya night falls on the night of the 22nd... So it's
just common sense that you should use. The reason why the 23rd is stated as New Moon is that
when the Sun rises on the 23rd New moon is transiting the skies hence that day is Amavasya
although Amavasya ends at 09h37.
http://www.dipika.org.za/index.php?option=com_content&view=article&id=403:full-and-new-moon-dates-times-and-puja-proper-for-2012&catid=1:articles&Itemid=2
@ ilango ji ,
ED still valid sir , or shud one switch to impulsive counts ?
Oh Boyyy..
Gap also filled....but nifty in no mood for bounce..it didnt bounce on global cues...but ready to fall along with that...neither EW is helping nor ...Macros.
Camarilla - Scenario 3
Nifty Futures
L3 5182[BUY] /Need Technical Confirmation
L4 5166[SELL]
@ shriram,
ED is still valid as the supporting line for the current hour is @ 5168.
It's also possible for a false break down and a reversal. These are aggressive views.
The conservative one is to attempt longs above either 5196 or 5226.
L3 BUY
NF TL RES@5195, One can decide based on
MACD in 5min chart.
Thank u sir.
"RELINFRA" has replaced "Tata Steel" as the high beta, lead stock of late.
Month JNSAR is 5163 is holding...
@ TRAVELLER,
Believe in technical,
Otherwise going to kill yourself without that.
Julius sir,
Weekly L3 also 5190 spot
by sir ;
"RELINFRA" has replaced "Tata Steel" as the high beta, lead stock of late.
July 18, 2012 11:21 AM
what is meaning of it sir ???
At critical support points, "buying intensity" is lacking....
For guys who prefer delivery based trades
pls look @ charts of JK-TYRE & DENA Bank
V close to DAy TA Supports & can give a decent 10% return, wid low SL risk of 2%
@prithvi...
I am in buy mode because of earlier consolidation zone of 5190 was holding so far...and now my last hope is this gap zone....
I follow technicals only..at this time..
oversold + EW + positive div + support% resistance + channel+ Gap theory all are at same place....
so hoping for bounce.
@ Amol Sharma,
There are some stocks which are speculator's favourites and they outperform the index near a ST bottom and underperform the index near the ST top.
Tata steel used to give such lead indications earlier and now Relinfra seem to have been preferred though Tatasteel continues to lead.
Dr Kumar,
Thanx for the acknowledgement
☺
Ilango Sir .. you mentioned ' At critical support points, "buying intensity" is lacking...' Do you understand this by Volume or bounce back patterns.. please enlighten sir..
New Moon starts today morning 09:11:04 and ends tomorrow morning 09:52:01 :):)
volume spike in RelInfra...with price!
@STB ...DRji always give hidden clues....:D
Kumar/DR-ji -thanks but i can't overcross my "tamil panchang" :( yeah.. some people will do "thithi" at "picham" we call i.e. the day which hv "less timing of new moon day" By GOD i donno much about astro or deep panchang..following my panchang. My worry is my "no" at this juncture:)
after ur posting "i am praying now to my ancesters and god" to forgive me if i hv done anything wrong :(
For Rajni fans
Rajnikant and a girl were playing cards,
rajnikant had 3 ekkas (Aces) but still he could not win,why?….
.
.
.
.
.
.
.
Becoz the girl had 3 Rajnikants … :-D
Good Morning Ilango sir and friends.
Happy Trading Wednesday to all.
Good Luck
DRji is like living encyclopedia :):)
Always ready and prepared with ammunition. :):)
@ Sujatha
The difference because some persons follow vakkiya panchang and some follow Thirukanitha panchang.
Channel top & fibo 5196-97
Resisting at 0.5% as of now...lets C
Ilango ji,
Bullish Engulfing on hr TA ??
@Mr.Nilesh Patil,
Oh! Ok Sir.
Have a Nice Day. :)
@CAMARILLA L3 BUYERS,
Part booking@5203 can be done & remaining trail
to breakeven.
STB - only ency??? add - "walking university"too
JHCP - u r right.. nd more r there like srirangam panchang, pambu panchang etc.,
at last little :D :D :) :) may god bless 2morows high fast.. i hv some work outside
New Post Done.
good afternoon, steering ready..
STOCK4SURE said...
bullish WW pattern in BN 5 min charts
trgt 10580 till 12.10pm
July 18, 2012 11:06 AM
Indeed crosses, before time ... Good one.
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