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...
25 comments:
you r genus sir....not above 6331...grate
Live PCR (Put Call Ratio) = 1.2353
PCR increasing --> indicating bullishness?
Afternoon Everybody...
Bulls on rampage ...it looks they want 6340..today...
reposting
gaurav said...
satheesh mam is the - div still there in the hr chart of tata motors
March 5, 2014 at 2:23 PM
Dear Sir,
Even if 6331 is breached but 6334 is not will the possibility of a regular flat still hold?
And if 6334 is breached should we consider an irregular flat?
Many Thanks
salutations to master.
Sir is the RSI showing -ve div on 60 min chart?
Dear Sir,
If Nifty closes some where in this region, does that qualify as a HANGING MAN pattern,
Pls suggest when time permits
Regards
@Price = Seems to have stalled..:):).
@ Swami shivshankar,
Even if the nifty qualifies for hanging man, this pattern hasnot been followed through / successful in the recent times
@ Swami Shivkumaar,
Till below "6342-58" resistances, it could be construed as part of the correction for the 6212-6334 rise.
During trending times, "trailing" is the best strategy.
"Hanging man" should be viewed with the follow up candle formation of next day.
20 30
Target 40
Dear Sir,
Thanks for the reply.
One more query Do u see that 1 is done from 5119 to 6415 which will get confirmed post 6358 and start of the 3rd from 5972, till that time bearish count is till valid.
If time permits please reply.
Thanks Aly for the reply. text book also suggests that Hanging man confirmation is by the next day black candle.
Regards
may be close in critical range
Day Low : 6287.80 Day High : 6336.25 Hr. Pivot : 6326 Dev. Day Pivot : 6272
NS in BAH mode for next Hour.
NS upward momentum continues ABOVE Hr. Hema @ 6324.
Strength continues above Hr. Ema @ 6319.
Day Pivot's R1 @ 6328 now turned as Support.
Weakness sets in below Hr. LEma @ 6305.
For Beginners sake :
BAH = Buy And Hold
BOD = Buy On Dips
SOR = Sell On Rises.
SAH = Sell And Hold
Thanks Sir for detailed reply...but for me to digest and understand will take time.
Flat "b" done @ 6336.(Keeping below 6342-58)
@ Crorepathi,
Take time. With patience & application, digesting slowly would lead to better understanding.
@ Chetna,
If I see Tisco in 30 mins charts, then it seems like {i} of (i) of iii of 5th is unfolding and currently {iv}.c
5.iii.(i).{i} 340.70 349.50 -8.80
5.iii.(i).{ii} 349.50 342.00 7.50
5.iii.(i).{iii} 342.00 359.80 -17.80
5.iii.(i).{iv}.a 359.80 351.75 8.05
5.iii.(i).{iv}.b 351.75 358.30 -6.55
5.iii.(i).{iv}.c 358.30 xxxx (if a=c, then xxxx=350 OR xxxx should not breach end of (i) i.e. 349.50)
And then {v} of (i) may unfold
Sure sir, to ask this question it took 5 years :)
Dear Sir,
Should we be looking at an irregular flat considering that 'b' ended above the starting point of 'a'.
Thanks
@Crorepathi --- Lol, for me i need to wait for another 3 more years :)
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