iCharts Discussions

[chandrujimrc]

Bhartiartl also on the way.

[chetan83]

[saumya12]

[chetan83]

[chetan83]

Dear All,

Is there more downfall in Monthly GOLD chart.
As per - WW in monthly chart, target was meet.....
But 34 EMA in monthly chart is to be checked for support on monthly basis.....
trendline in longer time duration seems to act as support at 21-22 K....

Comments invited.

[saumya12]

[vinay28]

[chetan83]

How many of you are with me in this SESAGOA WW set up....
Looks good for long at 150 levels, SL - 140, T - 171++
Daredevils can take chance in May Futures....(some friends must have already taken this as per lower TF )

[channasri]

Dear chetan83,

Please express your views on the following:
1) How far one should weigh the duration of different waves in a WW pattern?
2) Weekly charts of Nifty reveal following observations: SSTO (5,3) has
31.27 for slow line and 17.88 for fast line. At the same time, FSTO (5,3)
has 79.17 for fast line and 31.27 for the slow line.
As per my observations of the past, such huge differences between fast
line and slow line leads to minor reversal in the ongoing direction. Hence,
WW targets of either daily or weekly charts may have to wait if at all they
reach. The best possibility of meeting 6000 or 6100 targets may be
associated with RBI's policy decision scheduled on 3rd May or the week
thereafter.

Best regards,
channasri

[vinay28]

[chetan83]

[chetan83]

Hi channasri,

My observation on your below points are as follows:
1) How far one should weigh the duration of different waves in a WW pattern?
A: Waves 1-3-5 should be established with very regular timing intervals. But even it is seen that if the determined stop is taken out, the waves are seen to achieve target. In such scenario price (EPA) and time (ETA) is taken into consideration. In some cases price target is achieved before the ETA as well.
But this topic is debatable.

2) Weekly charts of Nifty reveal following observations: SSTO (5,3) has
31.27 for slow line and 17.88 for fast line. At the same time, FSTO (5,3)
has 79.17 for fast line and 31.27 for the slow line.
A: I dont follow STS or anyother indicator. Moreover just to get things right only volume indicator is enough. Even as per wolvers, adding the indicators in wolve waves is just like putting unnecessary ornaments to its beauty

[vinay28]

[channasri]

Hi chetan83,

Thank you

Best regards,
channasri

[falcon]

Bullish Wolfe wave on SUNTV-1M (Daily Chart) is about to enter the channel. Target: 482.

falcon