Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Thursday, December 1, 2011

Nifty:EOD 1.12.2011


Or
Till C does not become more than 1.62*A we should not say W1,W2,W3 but in a zig-zag typically C=A;
If A=4639-4865=226
B=4865-4755=110
C=4755-5011*=256

So we better label it ABC.
But once the bears have been trapped,will they be allowed breathing space so soon?
Your guess is as good as mine----

So lets see how this ABC has progressed:

So I am labelling this A = 4639-4865 as a diagonal with extended 5th subwave;
B=4865-4755 as a zig zag;
C= 4755-5011* as a 5 wave with a gap-up which is not allowing us fractals to see whether 5 waves have been completed.But I am counting it as having completed 4 waves:
4755-4851=96
4851-4779=73
4779-5011=232
5011-4917*=94(5011-4952-4975-4917)

If this subwave 4th of C is over at 4917 then we may go up by 96 points to complete C;
or
If C is already over at 5011 we may keep sliding down( quite possible as the gap-up might have subsumed the 4th & th subwaves of C within it)

My vote goes for bulls. A SL at 4916 for all long is suggested. Shorts should keep SL at 4976.

Raghu

7 comments:

  1. raghuji,
    pls check hindalco charts. the subwaves of wave 3 are overlapping for me.

    can u pls label one wave down

    ReplyDelete
  2. Dear guruji,

    Pls check if Diagonal ??

    pts a,c & e need to be COLLINEAR for a Diagonal

    Rest is 100% fit

    for A, pls see 5 waves as:
    w1: 4639 - 4771
    w2: 4771 - 4693
    w3: 4693 - 4864
    w4: 4864 - 4803
    w5: 4803 - 4866

    For tomo, this 4866 is an ALL IMP SUPPORT

    urs

    ReplyDelete
  3. Dear Shri,
    Ur W1 did not look like a fifer to me---
    Baaki saamp nikal gaya,ab zyaada lakeer peetne se kya?

    ReplyDelete
  4. Haan Piyush ji,
    But I am ignoring tha intraday spike

    ReplyDelete
  5. Raghu ji,
    Thank you for providing stop loss for both long and short

    ReplyDelete
  6. raghuji,

    thanks for reply..

    have one more q
    can 4th wave be a diagonal triangle or wedge shape instead of equilateral/ascending /descending

    ReplyDelete
  7. jee raghuji,

    was not intending to pt out any specific labels, Implication of A wave as LD is that the ABC is weak .... wich was not the case since we touched almost 50% retracement!

    Its a good insight to have, if wave A is a LD, the ABC shud b weak, or hv i jumped to conclusion too early ?? :-)

    urs

    ReplyDelete

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