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 ... -
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...
50 comments:
@ Shriram,
The fall was of 3-wave kind. Hence, 50%-61.8% is ideal(5884-94) and shouldn't breach 80%(5910).
Sir how get out of fear during trade for ex retracing of today high @ 23%comes at 5838 so I want to take long but I am not sure about it how to avoid this type of fear
dudes I told if nd crosses 5885 intraday will reach 5915 v fast done in 9 min
Ref.to today post: 11.40
Interstating observations:5M.candles FNO.
Last tailed bearish,1st low of the day 9.39 AM
made H-L 5898-5971 (27 points).5M candle of 11.04 made new low 11.04 bullish hammer vol347000.Running candles c/o & making Hourly Bar Reversal.Previously all 5 M candles inside last bearsih tailed candle !
Today's time/price pattern movement is simmilar to 5-Oct's Trading...
(Ignore freak trade from Emkay global. Also ignore 10-15 mins after NSE re-open after freak trade).
Crorepathi - i respect you and your views..pepsi totally taken out the "Kalimark" (or something i don't remember exactly ) local brand...Mr. Gurumurthy many times mentioned about some brands and their ingredients. Since 10 years i am using PEPSI & cocola for bathroom,tiles, kitchen sink etc., cleaning.. PEPSI is better than COCOLA giving good results.. in this way i appreciate "pankaj advani" very much he denied to endorse that "product" :) hats off to his "patriotism"
vija i
On what basis you had mentioned the fast move will happen, may i know.. it will help.. Thanks
Sir
As this mornings fall was voilent and retraced the entire last 5 subwaves from 5859 to 5926 it should be taken as a TL break of 2-4 and a reversal of sorts for the time being and so sell on rises is in order until the correction for the last impulsive 3 or entire 5 wave is done.
Kranti, please read till end to get your answer.
I dont have enough information about AAP, so I cannot comment.
Corruption is part of evolved society, which we cannot erradicate, but we have to stop vested interest and monopolization.
A few powerful group are trying monopolize every thing in business, financial and even religion
Kranti - ஓவரா கத்துகிறது உடம்புக்கு நல்லதில்லை
Tks sir :-)
Sujatha,
Really, best toilet cleaners.
Nostalgia - Gold Spot...the zing thing.
Dear Nilesh P,
sorry for too late response...Hello..
Why forget Campa Cola
Sujatha.. I dont have anything to do with any party .. i am non violent guy.. nanthan pavam..romba sadhu.. na undu en meditation undu irruken
Crore - forgot to add - using for "flower pots" too good "insect" killer. pots r neat and fresh only i hv to trim it and some times changing the soil...v hv to pour the pepsi in "spray like bottle" and can use..
NF crossed DR Master's loc 5915
Kranti ji - :) :) but nifty is not "sadhu" :( again getting wild . future is still "fishy"
As swiftly it went down, as swiftly it recovered!!
Ilango ji,
Rounding bottom asserting ??
Now daily Bar Reversal too.
@ shriram,
You did not correct me (I also posted it in a hurry):
The fall was of 3 wave kind. Hence, it can move above 80% also.
My comment suggested for a zigzag retrace.
was going to sir,
dint want it to be mis-construed as impetulance , so kept silent & suggested this :-)
Dear Parimal,
But it does not helps,too much in "longer term.."when DHEMA used to come much closer to Day Close,too fast than expected..
In current situation Bulls are taking full advantage of the event...so don't want to loose their control..
sir
kindly do 3pm label update.
thanks.
3.00PM TT & Chart updated
Expanding triangle's top comes around 5935-40.
Mayawati is to vote for the Bill in Rajyasabha (15MPs). so the market moved up swiftly.
Nifty hit the intial ATR breakdown target and is back in the ATR sell zone.
Thank you Master.
@Ilango
Earlier in the day you had suggested the correction could be expected to last a min couple days. Now resisting at 5940 levels. would appreciate an update of your views...thanks
Sir, can we take agreesive shorts here.
@Master,
Is it Hanging Man today on Day Candel
Sir, if we join the rising trendline of the Expanding Triangle the target comes at 5990/6000.
Moving above 5940, it resembles more like the 5th wave....
wave 4 marking was a great call
dear sir JNSAR is available from september 2010, any place where i can get it for 2008 and 2009 for backtesting, many thanks
Dear Nilesh Patil
thanks for spotting. yes it is Hanging Man candlestick pattern on day chart preceded by 4-5 sharp candles with gaps in each one. this is very typical formation.
Sir - What are the possible targets for Wave 5?
good bye dear sir , seniors and freinds thank you everyone
5700PE at 12rs.....yammi....if hanging man than....toing.....
QUOTE
Ilango said...
Moving above 5940, it resembles more like the 5th wave....
December 6, 2012 3:22 PM
UNQUOTE
Do you mean completion of 5th wave. OR just 1st of 5th wave.
Ilango ji,
seeing as C.5 from 5549 or
C.3.5 to end near 5950-6K ??
Sir,
Whats the interpretation of The Expanding Traingle.
If i am not wrong, it probably signifies the end of a big move.
Thanks in advance
@ Indiacharts (Rohit),
Thank you.
@ Hitendra,
The exp. triangle resistance for tomorrow would be 5950(approx); if it moves above it, it could target 6000-6014(Filtered 80% which BN has crossed two days ago @ 12307)
As long as Technicals are firm, higher levels will appear.
Thx Sir.
Bye Everybody......
Hello All, Is hanging man pattern is confirmed today ?
Please guide.
THanks
Post a Comment