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...
22 comments:
Friends today
is expiry and lets have a contest here.
Aprail nifty expiry guessing contest.
The rules are simple- There are only 3.
a) Just call out the series close for aprail
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 today and before 2.30.
Seniors plz contribute.
@ salimkabani,
If it is "A" which had 3 sub-waves, it could retrace any %, even more than 100%. Had it been a 5 sub-waves, it is limited below 80% retrace, preferably @ 61.8%.
Hence, move past 5985(80%) is a possiblity.
@VKSoni
5800 (Dev week Hema)
Holding "5877" is required for immediate new highs.
@ hemant done
thanx Master,
if i wave as 5477 to 5607 then this v th may target 5792+(5607-5477)=5922
OR
5792+1.618*(5607-5477)=6000 which also coincides approx of 5985?
Is this explanation correct in view of week & month closing Master?
@ vksoni
5783 (Day Hema)
@ prakashbkc ,
That is a guiding principle for target calculations.
gm master ,dr ji n all
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5830, R1-5865, R1-5887, ATP-5888, VWAP-5888
Based on price action and the option additions, most probable Expiry range for the time being could be 5865-5930…
Thanks & Regards
CNX IT index has filled the gap at 6073, created due to Infy 11th Jan gap
Height of last consolidation: 5845-5792=53 points.
Break out point @ 5845.
"Min." target: 5845+53=5898. Done.
my guess for expiry is 5917. 80 points above last close.reason day s macd may turn positive today.looking at momentum nifty could done 100 point and close just below it
sir
is that acorrect count?
5.1=5791.55 to 5824.35
5.2=5824.35 to 5796
5.3=5793 to 5889.60
5.4=5889.60 to 5882
@ divya thakor,
A high possibility.
Weak below "5888".
thank you sir
Ilango sir, Wont wave 3 subdivide?
i mean after 5.2(5824.35 to 5796)
1.3(5796 to 5844)
2.3(5844 to 5833)
3.3(5833 to 5887)
4.3(5887 to 5882.6)a=5887 to 5875; b=5875 to 5889 and c=5889 to 5883
and 5.3 is on?
Please Guide.
@ Sahil,
Many such possibilities in such "tiny T/F". Individual should manage it with a "Trailing number".
Today Nifty is gaining more than BN !! is this giving any clue?
New Post Done.
G.Afty master & JN Family,
Smelling a Super Bullish expiry, can Nifty show 6K ??
... lets c :-)
Expiry may be at 5880 level
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