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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
25 comments:
@ Shriram,
Delivery stocks: My knowledge is limited. I'll update soon. Next two months would provide opportunities.
Infrastructure is one which would get booster and Adani's & Ambani's...
gap in 2 minutes chart,,covered immediately ,,first time seen
@ Raghavendra: If 4th is still running, then getting more scenarios for b wave (of 4th).
a over at 336, now,
either b over at 393, c is unfolding in 5 waves where 3rd (started from 382) and sub-dividing => direction down
or, (a) of b over at 393 and (b) over at 340.70 and (c) is unfolding => direction up (in 5 waves)
@ Chetna - move from 195-436, cant be 1, I can see only 3 clear waves. So downmove from 436 need to be 4th (whether completed or not only time can tell us.
Master,
Tks, a lot.. Pvt Banks, Cement space, Midcap Pharma, front line IT too, look 2x-3x plays , to simple eyes !
@ Prabhanshu,, i am in agreemnt with original counts only..just replied raghavendra that he cant count a 3 from 195-436 and 4th below 318...nothing else..if it goes below wave 1 high it shall be an ABC from 195-436 ..which does not seem to be the case in longer term charts..rest i am holding on to same old counts unless proved wrong and it has rewarded so far
@shriram, SBIN ew wise if has completed it s 2nd..will target 5600 otherwise its doing a flat 4th...sir can guide us
IT and Pharma wont participate and will be under performers..only front line high beta names ...reliance group stocks..and i think some how OIL companies like BPCL should do very well.. this govt has done a good job for their business
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-6561, R1-6601, S1-6527, VWAP-6557
Nifty is still in Red, but the Bears are unable to make much dent and the 6500 level is slowly going to the Bulls, Buy on Dips still valid, till 6530 VAL is saved…
Thanks & Regards
@ Chetna:
Here's an interesting Alt label for SBIN... :-)
How bout Expanded Flat "C" UP in Play (FLAT "A" from 2011 lows) ?
a 1571 2552 981
b 2552 1452 -1100 -112.1%
c 1452 3039 1587 161.8% ( 2.618xA comes = 4020)
Think on it, Time for sappaad, Bon Appetit !
i will be happy if it goes there..what ever the count is...i will analyse this one though..this is one of the counts with in a bigger picture..i will get to it
@Master
i can not understand what is the red (iii) stands for?
pl teach when free.
thanks.
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@ Chetna: yes, wotever it is.. SBIN is a laggard, both on NS & within BN.. so the moment SBIN reaches it prev. highs .. shud check for Index topping out .. like last time
@Anmpatel,
Red (III) means minor
and III means minutte
@ anmpatel,
Presently, it could be said that ivth(blue) is done @ 6504, also 21 Hr sma and the vth should unfold to complete the (iii)rd wave.
In case 6504 is broken, consider that (iii)rd(Red) done and the larger (iv)th is underway.
Hence, 6504 is important.
@anmpatel,,,it says iii is done here and iv intermediate would correct the iii from 6350 something....and green iii says another vth of this iii is still pending and iv of minor degree iii is going on
where do i get ew count for other stock like nifty.
BankNifty OI showing signs of weakening: Live PCR (Put Call Ratio) = 1.3238
http://www.niftytrader.in/live-indices/banknifty-live-oi-tracker/
@munu,, do them urself
Tisco 347 80% is protected as of now
ok master....after doing 1,2,i,ii,(i),(ii) now nifty doing (iii),(iv),iii,iv...right? to complete the bigger 3.
thanks chetnaji...
a small bullish WW may develop in ns charts.........
may make a lower low below 6500 near 2.30 and
then may move up towards 6530-50 till tomorrow
cmp near 6515
immed res near 6520-23
sir request you to update the tech table
thanks
dear red wave iii wave count given..
@ anmpatel,
You're right. Intra month corrections would happen once this (iii)rd done; the (iv)th could take 4-6 days and the settlement could end on a high note, followed by 31st March "prop" by Fund houses...
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