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WW ON EOD CHARTS |
hemant.icharts
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Joined: 10 May 2011
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prst
White Belt
Joined: 24 Sep 2011
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Post: #122  Posted: Fri Oct 05, 2012 1:36 pm Post subject: |
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we already have a thread on wolfe waves, titled , "Running with the wolves".
It would be better if posts are made on the same thread, instead of creating multiple threads.
just a suggestion.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #123 Posted: Sat Oct 20, 2012 11:43 am Post subject: |
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| rk_a2003 wrote: | In Dena bank -ww a Doji formed at point 5.Further observations.
No volume rise. No RSI Div. Depends up on the broad market action.On it's own it may not go down.SL 109.90.
A -ww was also observed in hourly chart with the same SL and with a first target of 105. Right now price is near LTL |
UPDATE
It reached 101.35 beyond first target and bounced up triggered SL.WW traders rarely experience straight away loss.
The beauty is it at least offer you a TSL chance. 
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rk_a2003
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apka
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Joined: 13 Dec 2011
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| Post: #125 Posted: Sat Oct 20, 2012 6:56 pm Post subject: |
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u know i draw such lines by backtracking various charts, not perfectly as u guys do cuz i never knew what i was doing is something existing already and called wolves waves 
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #126 Posted: Sat Oct 20, 2012 7:25 pm Post subject: |
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| apka wrote: | | u know i draw such lines by backtracking various charts, not perfectly as u guys do cuz i never knew what i was doing is something existing already and called wolves waves |
Yes! It can happen. Independant quests may lead to same conclusion.Even in sceintific experiments it do happen.Two sceintists not knowing each others work come to the same conclusions through independant experiments.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #127 Posted: Sat Oct 20, 2012 10:07 pm Post subject: |
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Will it go down in the backdrop of bullish sentiment in Banks?
True RK, banks look bullish and I wonder if that is true, what will drag nifty down as latter is at breakdown point.
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #128 Posted: Sat Oct 27, 2012 6:43 pm Post subject: |
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| vinay28 wrote: | Will it go down in the backdrop of bullish sentiment in Banks?
True RK, banks look bullish and I wonder if that is true, what will drag nifty down as latter is at breakdown point. |
The -ww in weekly Bank Nifty Shown Its Effect on Friday, still no apparent display of weakness. But look at +ww formations in Dow and S&P, the same pattern is visible even in Nasdaq. It’s lingering on at point 5 without going up/down.
This future direction of US markets may decide the course of Indian markets and of Bank Nifty too.
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #129 Posted: Sat Oct 27, 2012 7:42 pm Post subject: |
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We have observed -ww in weekly BNF.Now watch this -ww in ICICI Bank EOD and HDFC Bank Weekly.How BNF can go down without ICICI and HDFC Bank falling?
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hedger
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Joined: 07 Oct 2010
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| Post: #130 Posted: Sun Oct 28, 2012 1:30 pm Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | Will it go down in the backdrop of bullish sentiment in Banks?
True RK, banks look bullish and I wonder if that is true, what will drag nifty down as latter is at breakdown point. |
The -ww in weekly Bank Nifty Shown Its Effect on Friday, still no apparent display of weakness. But look at +ww formations in Dow and S&P, the same pattern is visible even in Nasdaq. It’s lingering on at point 5 without going up/down.
This future direction of US markets may decide the course of Indian markets and of Bank Nifty too. |
But the pattern is not clearly visible in NSE traded S&P-500 (may be because of volume).....moreover if this will come in effect, by next week....then Bank Nifty will make a new high before falling as per the -WW drawn below.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #131 Posted: Mon Oct 29, 2012 4:19 pm Post subject: |
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A +ww trade triggered in Powergrid on EOD Basis.
Reposting the revised Chart
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chetan83
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vinay28
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Joined: 24 Dec 2010
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| Post: #133 Posted: Tue Oct 30, 2012 3:49 pm Post subject: |
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| it may come upto 2-4 line I feel
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #134 Posted: Tue Oct 30, 2012 4:02 pm Post subject: |
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| rk_a2003 wrote: | A +ww trade triggered in Powergrid on EOD Basis.
Reposting the revised Chart |
SL Triggered.
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manna
White Belt
Joined: 31 Aug 2010
Posts: 31
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| Post: #135 Posted: Tue Oct 30, 2012 6:06 pm Post subject: ww on eod of albk |
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dear experts
is there a +ww on eod chart of albk please advice as i am unable to post a chart
thanks
rajesh
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