If it is a combination of "abc-x-abc", it may bounce well. If it is a 5 wave structure, it may fall again after a brief bounce.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
3 comments:
GR8 levels Ilango....lets see how long it will go up....Thanks
Next target Ilango...excellent analysis :)
Hi..Rishi,
"4949" is Day Low ema and 4959 is weekly ema..That is the best Nifty might do today but selling should emerge soon.
That is a simple reading of the markets.. They do surprise us now & then.
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