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...
30 comments:
Reposting from last post:
I found this multi-layered retracement calculator, in case someone else also needs it:
http://www.niftytrader.in/tools/fibonacci-calculator/
Sir, one doubt,
What are the possibilities for more upstream in tatamotors from here onwards?
Prabhanshu.....tisco five done from 375.5
below 342 3rd re divides
dear iiango sir nifty above 6268 can start of Vth wave....?
@satheesh ,
New highs...Trail with 393.
I'll update this weekend.
thanks sir waiting for updates :)
Weak below "6255"..
Tisco & Reliance Fire Sale today??
will it be weak or THUD @ 6255!!!!!
@Master,
Wave 'C' possibility still exist or negated???
5933 as wave(I) and we are in ABC??
AAP questions Reliance on ₹6500-cr investment by two Singapore firms......
ur views on reliance
NF premium vanishing inspite of spot up-move..
Dear Ilango sir,
Small question from a trend perspective on BN.
BN stayed below MEMA and WHEMA for whole of February and on the last day of the month prices will close above MEMA if close is above 10753.
What were the earlier indications of a change in trend from a month perspective which I should have considered during the month ?
Raghavendra
6282 is 80% of 6356-5985 fall (a-b-c)
Tisco is up from 341, is it the 5th or more pain left?
Ilango said...
@ shriram,
Prices need to confirm a few:
Firstly cross 6123;
Close above DHEma;
Close above WEma on 21st Feb.
Close above WEma & MEma on 28th Feb.
Go past 6271..
All these while holding above critical retracements.
Green labeling from 5119 suggests of a 2nd wave completion around 5933. In BN, a leading diagonal was seen in 1st wave.
The alternative bearish label continues till the above price behaviour is seen in the next two weeks.
A close above MHEma would have been an easy one; however, markets don't always provide things in a crystal clear fashion. Choosing is needed; presently some bullish bias.
February 18, 2014 at 10:57 AM
@ master
Thanks for remind
Sensex also filled the gap...
6305 developing MHEMA
@Ilango master: now the price above 6271 marks the bullish tone to make new highs, am i right?
Tisco counts:
5.i 336.00 393.20 -57.20
5.ii.a 393.20 359.45 33.75
5.ii.b 359.45 381.90 -22.45
5.ii.c.(a) 381.90 364.00 17.90
5.ii.c.(b) 364.00 375.75 -11.75
5.ii.c.(c).(i) 375.75 366.30 9.45
5.ii.c.(c).(ii) 366.30 372.05 -5.75
5.ii.c.(c).(iii) 372.05 344.20 27.85
5.ii.c.(c).(iv) 344.20 354.60 -10.40
5.ii 354.60 340.70 13.90
So, 5.ii is over at 340.70?
When NF made new low NS dint made it... now NS making new high NF not able to cross mornings high... funny !!
@ Guru: Friday effect..
Close is turning up Mn... Superheated Wk & Day.. Have a nice weekend everyone !
Nifty gains steadily on the back of improving technicals, needing just another day to confirm it......Ilango
Confirmed.....We live another day...:):)
Yet to scale MHEMA though....Lets hope Monday wil see it through....
Major astros next week....
Major major exalted Saturn going retro in Libra.....
Have a wonderful weekend folks...Luv lots...:):)
@shri- - Yup.... :P anyways Happy Weekend and bye all!!
@ Prabhanshu... seems perfect..i was little early in calling the 5th..though could catch the lows ...hopefully it works..if this si 2nd of 5th , it has retraced more than expected.. shall be watchful...
Master,
Thanks a lot for your kind reply and another lesson in objectivity. My apologies for this delay in replying.
Post a Comment