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...
31 comments:
Day Low : 7551.65 Day High : 7650.10 Range : 99 Points Day Pivot : 7676 Hr. Pivot : 7619
Currently well below Day Pivot @ 7676 and Hr. Pivot @ 7619.
NS below D JNSAR @7674.
NS currently hovering around 7605.
NS in BOD mode in Hr. T/F & SAH in Day T/F.
Above 7618 above mode gets negated in Day T/F.
BOD = Buy On Dips
SAH = Sell And Hold
@Shriram Sir,
If NS touches 7680, it will activate i-HnS. Have you considered that possibility?
An irregular triangle
Sign of a bounce
Observation :
In last few falls nifty has reversed from "hr s.macd" 30 mark in -ve zone , see 1st chart .
If it holds this macd level can do some bounce .
On the other hand bounce has been restricted to 38-50% of 7777-7552 fall poising for 5th down .
Cat on the wall :) some one shhooo the cat to jump either side.
@ Sonu: Business of Businesses pt 1 , revisit :-)
I-HnS becomes H-prob only when there is MACD +ve Div formed @ the HEAD of the i-HnS (wrt LEFT Shoulder) !
the suspected ZZ / WW is becomin low-prob almost..
most likely 5th wave down, may seek LL below 7552 now to finish a 5 from 7807NS ??
@Shriram Sir,
Thanks for info. Well noted.
a small bearish ww my be developing in nifty charts
may have formed pt5 near 7630ns
trgt 7600-7590
July 9, 2014 at 1:34 PM
ns cmp near 7591
now dil bole 7650 till eod........no tech call
DEAR ILANGO SIR TODAY HOLDING 7550 CAN ( E ) IS UNFOLDING...COUNTINU...? TODAY CLOSE ABOVE DLEMA...?
0.80% retrace of rise from 7552 to 7650 @ 7572.
Will 7572 provide support to NS in this fall ?
dear sir maruti viwe plz..?
yeah.. seems so , aint it ?
Now 7551 support moved down to 7541 and below that 7525 aprx is the support
@ Herry,
DLEMA @ 7618 - Far above.
On a lighter note : Maruti will reach 5000 in 3 years - will you hold ? :)
yes i have long what to do..?
H-prob contra-long setup comin near 7547 NS ?? (retrace ABC play to 7807-75xx )
a=7552 to 7650
b=7650 to 7559
c=7559 to
Hi Illango sir, i am new to this site. What is a b c concept?
Please explain.
@master
can we count like this
a=7552-7650
b=7650-7585
c=7585-7633 if 7559 break? c can be taken truncated?
thanks.
Master,
So now, better to see 7807-7552 as a 5 seq. complete ?
NS TAKING SUPPORT AT t/l OF 7441 AND 7552
if channel is developing then may probably trgts 7700 till tomorrow and 7850 next week
@ Chetna / Prabhanshu/ Shriram - Your views about RCom pls!
@ Master,,
It could be taken as a 5 with the (v)th truncated at 7559. Or it could make another low to complete the (v)th. - Possibilities
@ Venkatesh S,
EW-12345 and ABC
Also Read
Elliott wave in 4-Parts
Day Low : 7551.65 Day High : 7650.10 Range : 99 Points Day Pivot : 7676 Hr. Pivot : 7582
Currently well below Day Pivot @ 7676 and above Hr. Pivot @ 7582.
NS below D JNSAR @7674.
NS currently hovering around 7585.
NS in SAH mode in Hr. T/F & SAH in Day T/F.
Above 7618 above mode gets negated in Day T/F.
SAH = Sell And Hold
dear sir so Vth is done mkt is topuot...yesterday..?
Dear Ilango sir,
wouldnot 7651-7559 qualify as a 3-wave instead of a 5-wave?
hahah.. sir, ur in a good mood today..nice to see !
the OTM PEs r not liquidating much, the OTM CEs have added some, slightly confusing OI signals.. so asked, tks :-)
@ Chetna / Prabhanshu/ Shriram - Your views about RCom pls!
Hi Bharat, I have my view on rcom in pre mkt post itself. Please check
@ Aly,
From 7633(truncated c of abc), it could be a 5 or unfolding still.
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