| View previous topic :: View next topic |
| Author |
Elliot Wave query |
sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
|
Post: #1  Posted: Mon Nov 05, 2012 9:15 pm Post subject: Elliot Wave query |
 |
|
Hi,
I have just started analyzing waves theory. Have one doubt in that. Attaching example of Cipla charts with possible counts.
Attaching 2 charts. I think wave C is yet to begin as C should be less then A.
What you think guys?
Thanks,
Sonshu
| Description: |
|
| Filesize: |
30.06 KB |
| Viewed: |
444 Time(s) |
|
| Description: |
|
| Filesize: |
30.42 KB |
| Viewed: |
445 Time(s) |
|
|
|
| Back to top |
|
 |
|
| |
drimrskh
White Belt
Joined: 18 Oct 2010
Posts: 2
|
| Post: #2 Posted: Tue Nov 06, 2012 8:47 am Post subject: Wave Counts are not impulsive... |
|
|
Dear Friends,
These wave count of Cipla are not impulsive according to NEo (Neelys Extension to Wave Theory). It Breaking some important rules like 2-4 trend-line should be clear and no part of 3 or 5th should be exceed it. If wave 3 is extended it should be more than 161.8% while in this case it is 140% and also subdivisions are not supporting to impulsive count. Wave 4 consuming small time as compare with 3 it should consume more time than wave 3. Elliot wave analysis best fit on wave chart not in general candlestick, it need plotting of waves.
May refer "Mastering Elliot Wave"
|
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #3 Posted: Tue Nov 06, 2012 9:31 am Post subject: |
|
|
Hi
Please also discuss wave counts for Nifty also.
Thanks
|
|
| Back to top |
|
|
maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
|
| Post: #4 Posted: Tue Nov 06, 2012 2:35 pm Post subject: |
|
|
Pl checkout the wave count of Cipla
Wave 3 is extended, so wave 5 could end near the trendline
RSI made a negative divergence
Dont initiate short immediately, watch the stock closely
| Description: |
|
| Filesize: |
53.58 KB |
| Viewed: |
450 Time(s) |
|
|
|
| Back to top |
|
|
maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
|
| Post: #5 Posted: Sat Nov 17, 2012 4:43 pm Post subject: |
|
|
Update on Cipla Wave count
| Description: |
|
| Filesize: |
110.62 KB |
| Viewed: |
462 Time(s) |
|
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
