+Strategy+Inside+day+day+trading++setup+Average+true+range.png)
Day trading setup - Stocks scanned based on ID & NR7 Strategy for 1-2-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 1 February 2012
Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 5080
Low risk entry : 5150
Target : 5230
Bank Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 9510
Low risk entry : 9730
Target : 10000
Swing : Up
SAR : 5080
Low risk entry : 5150
Target : 5230
Bank Nifty Spot Rates Technical Trading Levels
Swing : Up
SAR : 9510
Low risk entry : 9730
Target : 10000
Day trading setup - Stocks scanned based on ID & NR7 Strategy for 31-1-2012
+Strategy+Inside+day+day+trading++setup+Average+true+range.png)
Finally a trend reversal! Daily Update - 31 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 5210
Low risk entry : 5140
Target : 5030
Bank Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 9900
Low risk entry : 9700
Target : 9430
Swing : Down
SAR : 5210
Low risk entry : 5140
Target : 5030
Bank Nifty Spot Rates Technical Trading Levels
Swing : Down
SAR : 9900
Low risk entry : 9700
Target : 9430
(Updated) Stocks scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 30-1-2012
+Strategy+Inside+day+day+trading++setup+Average+true+range.png)
The above list seems to give inaccurate data due to F&O expiry, I will see if I can modify the stock screener by using cash market data soon.
****************************************
Edited (29-January-2012)
As stated yesterday, due to erroneous data we are getting incorrect results in the screener, I have downloaded cash market data for this screener. From now on, I will publish screener results using cash market data only. Below is the list for tomorrow. Only top stocks based on trade value selected.
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 30 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5100
Low risk entry : 5160
Target : 5250
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9580
Low risk entry : 9750
Target : 10000
Swing : UP
SAR : 5100
Low risk entry : 5160
Target : 5250
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9580
Low risk entry : 9750
Target : 10000
Online day trading strategy - Stock futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 27-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 27 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5060
Low risk entry : 5120
Target : 5200
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9470
Low risk entry : 9700
Target : 10000
Swing : UP
SAR : 5060
Low risk entry : 5120
Target : 5200
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9470
Low risk entry : 9700
Target : 10000
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 25 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 5000
Low risk entry : 5070
Target : 5180
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9390
Low risk entry : 9600
Target : 9900
Swing : UP
SAR : 5000
Low risk entry : 5070
Target : 5180
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9390
Low risk entry : 9600
Target : 9900
Online day trading strategy - Stocks futures scanned based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 25-1-2012
Day trading setup - Stocks screened based on ID & NR7 Strategy for 24-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 24 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4960
Low risk entry : 5020
Target : 5120
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9200
Low risk entry : 9420
Target : 9700
Swing : UP
SAR : 4960
Low risk entry : 5020
Target : 5120
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9200
Low risk entry : 9420
Target : 9700
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
A Triangle is a common 5-wave corrective pattern labelled A-B-C-D-E that moves counter-trend. Triangles move within two channel lines drawn from waves A to C, and from waves B to D. A Triangle is either Contracting (CT) or Expanding (ET) depending on whether the channel lines are converging or expanding. Expanding Triangles are rare.
Contracting Triangle (CT)
Internal structure and the most common shape for a rising Contracting Triangle (CT), Elliott wave pattern
Internal structure and the most common shape for a falling Contracting Triangle (CT), Elliott wave pattern
Rules and guidelines for identifying and labeling a Contracting Triangle (CT) pattern
1) Wave A can only be a Zigzag, Double or Triple Zigzag, or a Flat pattern.
2) Wave B can only be a Zigzag, Double or Triple Zigzag pattern.
3) Wave C and D can be any corrective pattern except a Triangle.
4) Waves A, B, C and D must move within or close to within the A-C & B-D channel lines.
5) The intersection of the channel lines must occur beyond the end of Wave E.
6) The channel lines must converge. They cannot be parallel.
7) One of the channel lines may be horizontal.
8) Wave E can be a Zigzag, Double or Triple Zigzag, or a Contracting Triangle.
9) Wave E must be less than Wave D by price, and Wave E must be more than 20% of Wave D by price.
10) Either Wave A or Wave B must be the longest wave by price.
11) Wave E must end in the price territory of A.
12) Wave E must move within or close to within the B-D channel line.
Expanding Triangle (ET)
Internal structure and the most common shape for a rising Expanding Triangle (ET), Elliott wave pattern
Contracting Triangle (CT)
Internal structure and the most common shape for a rising Contracting Triangle (CT), Elliott wave pattern
Internal structure and the most common shape for a falling Contracting Triangle (CT), Elliott wave pattern
Rules and guidelines for identifying and labeling a Contracting Triangle (CT) pattern
1) Wave A can only be a Zigzag, Double or Triple Zigzag, or a Flat pattern.
2) Wave B can only be a Zigzag, Double or Triple Zigzag pattern.
3) Wave C and D can be any corrective pattern except a Triangle.
4) Waves A, B, C and D must move within or close to within the A-C & B-D channel lines.
5) The intersection of the channel lines must occur beyond the end of Wave E.
6) The channel lines must converge. They cannot be parallel.
7) One of the channel lines may be horizontal.
8) Wave E can be a Zigzag, Double or Triple Zigzag, or a Contracting Triangle.
9) Wave E must be less than Wave D by price, and Wave E must be more than 20% of Wave D by price.
10) Either Wave A or Wave B must be the longest wave by price.
11) Wave E must end in the price territory of A.
12) Wave E must move within or close to within the B-D channel line.
Expanding Triangle (ET)
Internal structure and the most common shape for a rising Expanding Triangle (ET), Elliott wave pattern
Internal structure and the most common shape for a falling Expanding Triangle (ET), Elliott wave pattern
Rules and guidelines for identifying and labeling a Expanding Triangle (ET) pattern
1) All five waves must be Zigzag, Double or Triple Zigzag patterns.
2) Wave B must be shorter than Wave C by price, but more than 40% of Wave C by price.
3) Waves A, B, C and D must move within, or close to within, the A-C & B-D channel lines.
4) Wave C must be shorter than Wave D by price, but more than 40% of Wave D by price.
5) Wave A must move within, or close to within, the A-C channel line.
6) The intersection of the channel lines must occur before the beginning of Wave A.
7) The channel lines must diverge. They cannot be parallel.
8) Neither channel line may be horizontal.
9) Wave E must be longer than D but less than 40% of Wave E by price.
10) Either A or B will be the shortest wave by price.
11) Wave E must end in the price territory of A
12) Wave E must move within, or close to within, the B-D channel line.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
A Flat (FL) is a three-wave pattern, labeled A-B-C, that moves mostly sideways. It is corrective, counter-trend and is a very common Elliott pattern. They differ to Zigzags in that they tend to move sideways rather than strongly up or down - hence the name “Flat”. In contrast, Zigzags (or Sharps – as they are known) move “sharply” or strongly up or down.
Internal structure and the most common shape for a rising Flat (FL), Elliott wave pattern
Internal structure and the most common shape for a falling Flat (FL), Elliott wave pattern
Rules and guidelines for identifying and labeling a Flat pattern
1) Wave A can be any corrective pattern.
2) Wave B can be any corrective pattern except a Triangle.
3) Wave B must retrace Wave A by at least 50% by price.
4) Wave B must be less than twice the price length of Wave A.
5) Wave C can only be an Impulse or an Ending Diagonal.
6) Wave C must be no more than 3 times the price length of Wave A.
7) Wave C must be no longer than twice the price distance of both Waves A and B.
8) Wave C must share some common price territory with Wave A.
Double Sideways (D3) and Triple Sideways (T3)
Double and Triple Sideways patterns (also known as Double 3’s and Triple 3’s) are similar to Flats, and are typically two or three corrective patterns strung together with a joining wave, called an "x" wave. They are all corrective in nature. Triples are rare. Doubles are labelled w-x-y, while Triples are labelled w-x-y-xx-z.
Internal structure and the most common shape for a rising Double Sideways (D3), Elliott wave pattern (below)
Internal structure and the most common shape for a falling Double Sideways (D3), Elliott wave pattern (below)
Internal structure and the most common shape for a rising Triple Sideways (T3), Elliott wave pattern
Internal structure and the most common shape for a falling Triple Sideways (T3), Elliott wave pattern
Rules and guidelines for identifying and labeling a Double Sideways and Triple Sideways pattern
1) Wave W may be any corrective pattern except a Triangle, or a Double or Triple pattern.
2) Wave X may be any corrective pattern except a Triangle, or a Double or Triple pattern.
3) Minimum Wave X retracement is 50% of Wave W.
4) Maximum retracement of Wave X on Wave W is 400%.
5) Wave Y may be any corrective pattern except a Double or Triple pattern.
6) Wave Y must be greater than Wave X by price except if it is a Triangle.
7) Wave XX may be any corrective pattern except a Triangle, or a Double or Triple pattern.
8) Minimum XX wave retracement is 50% of Y.
9) Maximum retracement of Wave XX on Wave Y is 400%.
10) Wave Z may be any corrective pattern except a Double or Triple pattern. However Z cannot be a Zigzag if Y is a Zigzag.
11) Wave Z must be greater than Wave XX by price.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Internal structure and the most common shape for a rising Flat (FL), Elliott wave pattern
Internal structure and the most common shape for a falling Flat (FL), Elliott wave pattern
Rules and guidelines for identifying and labeling a Flat pattern
1) Wave A can be any corrective pattern.
2) Wave B can be any corrective pattern except a Triangle.
3) Wave B must retrace Wave A by at least 50% by price.
4) Wave B must be less than twice the price length of Wave A.
5) Wave C can only be an Impulse or an Ending Diagonal.
6) Wave C must be no more than 3 times the price length of Wave A.
7) Wave C must be no longer than twice the price distance of both Waves A and B.
8) Wave C must share some common price territory with Wave A.
Double Sideways (D3) and Triple Sideways (T3)
Double and Triple Sideways patterns (also known as Double 3’s and Triple 3’s) are similar to Flats, and are typically two or three corrective patterns strung together with a joining wave, called an "x" wave. They are all corrective in nature. Triples are rare. Doubles are labelled w-x-y, while Triples are labelled w-x-y-xx-z.
Internal structure and the most common shape for a rising Double Sideways (D3), Elliott wave pattern (below)
Internal structure and the most common shape for a falling Double Sideways (D3), Elliott wave pattern (below)
Internal structure and the most common shape for a rising Triple Sideways (T3), Elliott wave pattern
Internal structure and the most common shape for a falling Triple Sideways (T3), Elliott wave pattern
Rules and guidelines for identifying and labeling a Double Sideways and Triple Sideways pattern
1) Wave W may be any corrective pattern except a Triangle, or a Double or Triple pattern.
2) Wave X may be any corrective pattern except a Triangle, or a Double or Triple pattern.
3) Minimum Wave X retracement is 50% of Wave W.
4) Maximum retracement of Wave X on Wave W is 400%.
5) Wave Y may be any corrective pattern except a Double or Triple pattern.
6) Wave Y must be greater than Wave X by price except if it is a Triangle.
7) Wave XX may be any corrective pattern except a Triangle, or a Double or Triple pattern.
8) Minimum XX wave retracement is 50% of Y.
9) Maximum retracement of Wave XX on Wave Y is 400%.
10) Wave Z may be any corrective pattern except a Double or Triple pattern. However Z cannot be a Zigzag if Y is a Zigzag.
11) Wave Z must be greater than Wave XX by price.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
A Zigzag (ZZ) is a 3-wave structure labelled A-B-C, moving counter to the larger trend. It is one of the most common corrective Elliott patterns.
Internal structure and the most common shape for a rising Zigzag (ZZ), Elliott wave pattern
Internal structure and the most common shape for a falling Zigzag (ZZ), Elliott wave pattern
Rules and guidelines for identifying and labeling a Zigzag pattern
1) Wave A must be an Impulse or a Leading Diagonal.
2) Wave B can only be a corrective pattern.
3) Wave B must be shorter than wave A by price distance.
4) Wave C must be an Impulse or an Ending Diagonal.
5) Wave C may not be an Ending Diagonal if Wave A is a Leading Diagonal.
Double and Triple Zigzag (DZ and TZ)
Double and Triple Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining wave called an "x" wave. They are corrective in nature. Triples are uncommon. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or Sharp patterns. Double Zigzags are labelled w-x-y, while Triple Zigzags are labelled w-x-y-xx-z.
Internal structure and the most common shape for a rising Double Zigzag (DZ), Elliott wave pattern
Internal structure and the most common shape for a falling Double Zigzag (DZ), Elliott wave pattern
Internal structure and the most common shape for a rising Triple Zigzag (TZ), Elliott wave pattern
Internal structure and the most common shape for a falling Triple Zigzag (TZ), Elliott wave pattern
Rules and guidelines for identifying and labeling a Double and Triple Zigzag pattern
1) Wave W must be a Zigzag.
2) Wave X can be any correction except an Expanding Triangle.
3) Wave X must be smaller than wave W by price.
4) Wave Y must be a Zigzag.
5) Wave Y must be equal to or longer than Wave X by price.
6) Wave XX can be any correction except an Expanding Triangle.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Internal structure and the most common shape for a rising Zigzag (ZZ), Elliott wave pattern
Internal structure and the most common shape for a falling Zigzag (ZZ), Elliott wave pattern
Rules and guidelines for identifying and labeling a Zigzag pattern
1) Wave A must be an Impulse or a Leading Diagonal.
2) Wave B can only be a corrective pattern.
3) Wave B must be shorter than wave A by price distance.
4) Wave C must be an Impulse or an Ending Diagonal.
5) Wave C may not be an Ending Diagonal if Wave A is a Leading Diagonal.
Double and Triple Zigzag (DZ and TZ)
Double and Triple Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining wave called an "x" wave. They are corrective in nature. Triples are uncommon. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or Sharp patterns. Double Zigzags are labelled w-x-y, while Triple Zigzags are labelled w-x-y-xx-z.
Internal structure and the most common shape for a rising Double Zigzag (DZ), Elliott wave pattern
Internal structure and the most common shape for a falling Double Zigzag (DZ), Elliott wave pattern
Internal structure and the most common shape for a rising Triple Zigzag (TZ), Elliott wave pattern
Internal structure and the most common shape for a falling Triple Zigzag (TZ), Elliott wave pattern
Rules and guidelines for identifying and labeling a Double and Triple Zigzag pattern
1) Wave W must be a Zigzag.
2) Wave X can be any correction except an Expanding Triangle.
3) Wave X must be smaller than wave W by price.
4) Wave Y must be a Zigzag.
5) Wave Y must be equal to or longer than Wave X by price.
6) Wave XX can be any correction except an Expanding Triangle.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Day trading setup - Stocks screened based on ID & NR7 Strategy for 23-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 23 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4940
Low risk entry : 5000
Target : 5080
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9100
Low risk entry : 9280
Target : 9600
Swing : UP
SAR : 4940
Low risk entry : 5000
Target : 5080
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 9100
Low risk entry : 9280
Target : 9600
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Diagonal – also known as a Diagonal Triangle is a common 5-wave motive pattern labelled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two contracting channel lines drawn from waves 1 to 3, and from waves 2 to 4. Other than an Impulse, Diagonal is the only other Elliott Wave pattern that moves with the larger trend.
There exist two types of Diagonals: Leading Diagonals (LD) and Ending Diagonals(ED). They have a different internal structure and are seen in different positions within the larger degree pattern. Ending Diagonals are much more common than Leading Diagonals.
Internal structure and the most common shape for a rising Leading Diagonals (LD), Elliott wave pattern
Internal structure and the most common shape for a rising Ending Diagonals(ED), Elliott wave pattern
Rules and guidelines for identifying and labeling a Diagonal pattern
1) Diagonals move within two converging channel lines
2) Wave 1 of a Leading Diagonal is an Impulse or a Leading Diagonal.
3) Waves 1, 3 and 5 of an Ending Diagonal are always a Zigzag family pattern.
4) Wave 2 may be any corrective pattern except a Triangle.
5) Wave 2 is never longer than Wave 1 by price.
6) Wave 3 of a Leading Diagonal is an Impulse.
7) Wave 3 is always greater than Wave 2 by price.
8) Wave 4 may be any corrective pattern.
9) Waves 2 and 4 must share some common price territory (must overlap).
10) Wave 5 of a Leading Diagonal is either an Impulse or Ending Diagonal.
11) Wave 5 must be at least 50% of Wave 4 by price.
12) Wave 3 must not be shortest by price when compared with Waves 1 and 5.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
There exist two types of Diagonals: Leading Diagonals (LD) and Ending Diagonals(ED). They have a different internal structure and are seen in different positions within the larger degree pattern. Ending Diagonals are much more common than Leading Diagonals.
Internal structure and the most common shape for a rising Leading Diagonals (LD), Elliott wave pattern
Internal structure and the most common shape for a rising Ending Diagonals(ED), Elliott wave pattern
Rules and guidelines for identifying and labeling a Diagonal pattern
1) Diagonals move within two converging channel lines
2) Wave 1 of a Leading Diagonal is an Impulse or a Leading Diagonal.
3) Waves 1, 3 and 5 of an Ending Diagonal are always a Zigzag family pattern.
4) Wave 2 may be any corrective pattern except a Triangle.
5) Wave 2 is never longer than Wave 1 by price.
6) Wave 3 of a Leading Diagonal is an Impulse.
7) Wave 3 is always greater than Wave 2 by price.
8) Wave 4 may be any corrective pattern.
9) Waves 2 and 4 must share some common price territory (must overlap).
10) Wave 5 of a Leading Diagonal is either an Impulse or Ending Diagonal.
11) Wave 5 must be at least 50% of Wave 4 by price.
12) Wave 3 must not be shortest by price when compared with Waves 1 and 5.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Day trading setup - Stocks screened based on ID & NR7 Strategy for 20-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 20 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4900
Low risk entry : 4970
Target : 5080
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8920
Low risk entry : 9070
Target : 9350
Swing : UP
SAR : 4900
Low risk entry : 4970
Target : 5080
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8920
Low risk entry : 9070
Target : 9350
Elliott wave pattern - Impulse (IM), Internal structure, Rules and Guidelines
An Impulse is a five-wave pattern labelled 1-2-3-4-5 moving in the direction of the larger trend.
Internal structure and the most common shape for a rising Impulse, Elliott wave pattern
Internal structure and the most common shape for a falling Impulse, Elliott wave pattern
Rules and guidelines for identifying and labeling an Impulse pattern
1) Wave 1 must itself be an Impulse or a Leading Diagonal pattern.
2) Wave 2 can be any corrective Elliott Wave pattern except a Triangle.
3) No part of Wave 2 can retrace more than 100% of Wave 1.
4) Wave 3 must be an Impulse.
5) Wave 3 must be longer than wave 2 by price.
6) Wave 4 can be any corrective Elliott Wave pattern.
7) Waves 2 and 4 cannot overlap (share common price area).
8) Wave 5 must be an Impulse or an Ending Diagonal.
9) Wave 5 must be at least 70% of the length of Wave 4 by price.
10) Wave 3 must never be the shortest by price when compared to Waves 1 & 5.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Internal structure and the most common shape for a rising Impulse, Elliott wave pattern
Internal structure and the most common shape for a falling Impulse, Elliott wave pattern
Rules and guidelines for identifying and labeling an Impulse pattern
1) Wave 1 must itself be an Impulse or a Leading Diagonal pattern.
2) Wave 2 can be any corrective Elliott Wave pattern except a Triangle.
3) No part of Wave 2 can retrace more than 100% of Wave 1.
4) Wave 3 must be an Impulse.
5) Wave 3 must be longer than wave 2 by price.
6) Wave 4 can be any corrective Elliott Wave pattern.
7) Waves 2 and 4 cannot overlap (share common price area).
8) Wave 5 must be an Impulse or an Ending Diagonal.
9) Wave 5 must be at least 70% of the length of Wave 4 by price.
10) Wave 3 must never be the shortest by price when compared to Waves 1 & 5.
Other Posts of Interest
Download - Elliott Wave Calculator
Elliott wave pattern - Diagonal [Leading (LD) and Ending (ED)], Internal structure, Rules and Guidelines
Elliott wave pattern - Zigzag (ZZ), Double Zigzag (DZ), Triple Zigzag (TZ), Internal structure, Rules and Guidelines
Elliott wave pattern - Flat (FL), Double Sideways (D3), Triple Sideways (T3), Internal structure, Rules and Guidelines
Elliott wave pattern - Triangle [Contracting (CT) and Expanding (ET)], Internal structure, Rules and Guidelines
Day trading setup - Stocks screened based on ID & NR7 Strategy for 19-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 19 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4870
Low risk entry : 4930
Target : 5000
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8830
Low risk entry : 8980
Target : 9200
Swing : UP
SAR : 4870
Low risk entry : 4930
Target : 5000
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8830
Low risk entry : 8980
Target : 9200
Day trading setup - Stocks screened based on ID & NR7 Strategy for 18-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 18 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4850
Low risk entry : 4910
Target : 5000
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8810
Low risk entry : 8970
Target : 9200
Swing : UP
SAR : 4850
Low risk entry : 4910
Target : 5000
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8810
Low risk entry : 8970
Target : 9200
Day trading setup - Stocks screened based on ID & NR7 Strategy for 17-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 17 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4800
Low risk entry : 4850
Target : 4930
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8750
Low risk entry : 8900
Target : 9150
Swing : UP
SAR : 4800
Low risk entry : 4850
Target : 4930
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8750
Low risk entry : 8900
Target : 9150
Day trading setup - Stocks screened based on ID & NR7 Strategy for 16-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 16 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4780
Low risk entry : 4830
Target : 4930
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8750
Low risk entry : 8900
Target : 9150
Swing : UP
SAR : 4780
Low risk entry : 4830
Target : 4930
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8750
Low risk entry : 8900
Target : 9150
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 13 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4770
Low risk entry : 4820
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8650
Low risk entry : 8820
Target : 9100
Swing : UP
SAR : 4770
Low risk entry : 4820
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8650
Low risk entry : 8820
Target : 9100
Day trading setup - Stocks screened based on ID & NR7 Strategy for 13-1-2012
Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 13-1-2012
Day trading setup - Stocks screened based on ID & NR7 Strategy for 12-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 12 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4740
Low risk entry : 4810
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8480
Low risk entry : 8670
Target : 8900
Swing : UP
SAR : 4740
Low risk entry : 4810
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8480
Low risk entry : 8670
Target : 8900
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 11 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4720
Low risk entry : 4790
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8440
Low risk entry : 8580
Target : 8850
Swing : UP
SAR : 4720
Low risk entry : 4790
Target : 4900
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8440
Low risk entry : 8580
Target : 8850
Day trading setup - Stocks screened based on ID & NR7 Strategy for 11-1-2012
Day trading setup - Stocks screened based on ID & NR7 Strategy for 10-1-2012
Online day trading strategy - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) setup for tomorrow 10-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 10 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4686
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8250
Low risk entry : 8370
Target : 8600
Swing : UP
SAR : 4686
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8250
Low risk entry : 8370
Target : 8600
Day trading setup - Stocks screened based on ID & NR7 Strategy for 7 & 9 Jan 2012
Day trading setup - Stocks futures screened based on Inside Day and Narrow Range Seven (NR7) Strategy for tomorrow 7-1-2012
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels, Daily Update - 7 & 9th January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4686
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8200
Low risk entry : 8370
Target : 8600
Swing : UP
SAR : 4686
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8200
Low risk entry : 8370
Target : 8600
Day trading setup - Stocks screened based on ID & NR7 Strategy for 6-1-2012
I have added another column "5 ATR", it is Average true range for the past 5 days true range.
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 6 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4685
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8200
Low risk entry : 8370
Target : 8600
Swing : UP
SAR : 4685
Low risk entry : 4740
Target : 4850
Finance and Trading Made Easy
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8200
Low risk entry : 8370
Target : 8600
Day trading setup - Stock Screener result based on Inside Day & Narrow Range Seven (NR7) Strategy
This is probably the first time I am uploading the list of stocks that made the Narrow Range Seven (NR7) day setup along with "inside day" pattern. Check out the list below.
Above stocks traded in the smallest range today compared to past 7 days including today. I have taken the futures data from NSE, so please verify the above results with intra day charts. The list is arranged in descending order of turnover of a contract. These stocks might be good for day trading tomorrow, as today's price action will appear as a contracting triangle on short term charts, especially the stock that made inside day pattern. As these stocks are exhibiting range contraction, one can expect the range to expand in the short term, that is the basic assumption of this setup.
You can track your own list of stocks using the screener that I have uploaded before, visit the link below for a detailed post on how to update the screener file.
Download - Stock Screener based on Narrow Range Seven (NR7) Strategy
Above stocks traded in the smallest range today compared to past 7 days including today. I have taken the futures data from NSE, so please verify the above results with intra day charts. The list is arranged in descending order of turnover of a contract. These stocks might be good for day trading tomorrow, as today's price action will appear as a contracting triangle on short term charts, especially the stock that made inside day pattern. As these stocks are exhibiting range contraction, one can expect the range to expand in the short term, that is the basic assumption of this setup.
You can track your own list of stocks using the screener that I have uploaded before, visit the link below for a detailed post on how to update the screener file.
Download - Stock Screener based on Narrow Range Seven (NR7) Strategy
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 5 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4640
Low risk entry : 4710
Target : 4800
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8000
Low risk entry : 8220
Target : 8500
Swing : UP
SAR : 4640
Low risk entry : 4710
Target : 4800
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 8000
Low risk entry : 8220
Target : 8500
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 4 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 4600
Low risk entry : 4700
Target : 4800
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 7950
Low risk entry : 8140
Target : 8400
Swing : UP
SAR : 4600
Low risk entry : 4700
Target : 4800
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : UP
SAR : 7950
Low risk entry : 8140
Target : 8400
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 3 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR : 4700
Low risk entry : 4646
Target : 4560
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR :8170
Low risk entry : 8020
Target : 7800
Swing : DOWN
SAR : 4700
Low risk entry : 4646
Target : 4560
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR :8170
Low risk entry : 8020
Target : 7800
Nifty & Bank Nifty Spot Rates, Technical Swing Trading Levels Daily Update - 2 January 2012
Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR : 4750
Low risk entry : 4675
Target : 4600
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR :8300
Low risk entry : 8080
Target : 7900
Swing : DOWN
SAR : 4750
Low risk entry : 4675
Target : 4600
http://financeandtradingmadeeasy.blogspot.com/
Bank Nifty Spot Rates Technical Trading Levels
Swing : DOWN
SAR :8300
Low risk entry : 8080
Target : 7900
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