Advanced Elliott Wave

How to use advanced elliott wave calculator (only for intraday)

1. To use this system, you must enter the high, low and close for the previous day. You will also need to enter today's Open price or weighted average price (WAP)
2. Once done, click the calculate price button, you will get both buy and sell signals.
3. Based on the Elliot Waves generated, above buy and sell signals are generated.
4. The first call is valid only for first 3 hours of market open.
5. If market opens at 9 am, the first call should be traded only till 12 am.
6. The second and third calls are valid for entire day.
7. The next set of calls are valid if high or low for a day is above or below some price respectively.(See example below for more explanation.)

Now lets take some live example
This example is for RELIANCE for 30th July 2010.
High : 1028.50, Low : 1008.00, Close : 1010.15 (for 29th July 2010)
Open : 1014.95 (for 30th July 2010)
Below Recommendations were given:
Sell at/below 1015.55. Target 1010.43. (Call Valid for first 3 hours.)
Sell at/below 1013.60. Target 1002.14. (Call Valid for full day.)
Sell at/below 1004.70. Target 999.58. (Call Valid for full day.)
Buy at/above 999.58. Target 1007.87. (Call Valid only if low for today is below 999.58.)
Buy at/above 1005.31. Target 1010.44. (Call Valid only if low for today is below 999.58.)
Sell Triggered at 1015.55 at 9:48 am on 30th July 2010.
Target 1010.43 achieved at 12:10 pm.




Lets take second example of HDFCBank for 30th July 2010
High : 2115.00, Low : 2083.25, Close: 2100.60 (for 29th July 2010)
Open : 2097.70 (for 30th July 2010)
Recommendation :
Sell at/below 2099.62. Target 2091.68. (Call Valid for first 3 hours.)
Sell at/below 2096.59. Target 2078.84. (Call Valid for full day.)
Sell at/below 2082.81. Target 2074.87. (Call Valid for full day.)
Buy at/above 2074.87. Target 2087.71. (Call Valid only if low for today is below 2074.87.)
Buy at/above 2083.74. Target 2091.68. (Call Valid only if low for today is below 2074.87.)
Sell triggered at 2099.60 at 9:20 am.
Target 2091.60 achieved at 9:50 am.

Lets take example of MRPL for 30th July 2010.
High : 76.85, Low : 74.10, Close : 75.40 (for 29th July 2010)
Open : 75.75 (for 30th July 2010)
Recommendation :
Buy at/above 75.45. Target 76.14. (Call Valid for first 3 hours.)
Buy at/above 75.72. Target 77.25. (Call Valid for full day.)
Buy at/above 76.91. Target 77.60. (Call Valid for full day.)
Sell at/below 77.60. Target 76.49. (Call Valid only if high for today is above 77.60.)
Sell at/below 76.83. Target 76.14. (Call Valid only if high for today is above 77.60.)
Buy triggered at 9:05 am. Target (76.14) achieved at 9:30 am. Target (77.25) achieved at 12:23 pm.

Disclosure / Disclaimer
1. You will be using our website / calculators knowing fully the risk of the stock market.
You shall alone be responsible for trades carried out on the basis of calls generated by any of
the calculators resulting in the losses or gains, as the case may be.

2. No legal or otherwise liability will be fixed on us under any circumstances.
Calls generated by this website / calculators are purely based on artificial intelligence
& not a professionally qualified and expertise view. These Recommendations are based on some formula.
Due care has been taken while generating these calls, no responsibility will be
assumed by the author / developer of this system for the consequences what so ever,
resulting out of acting on these recommendations / calls.