Looking at the larger time cycle and many overbought stocks, Market looks to be on its last part of the upmove...for how many days ???.
Have updated "STockwealth" with Four Stocks.
Monday, January 4, 2010
Nifty PreMarket view
On the daily time frame, Nifty is overbought but it has corrected in the hourly time frame. Staying above the pivot @ 5202 and decisive cross of 5220, it may attempt 5260-5280.Below 5202, the hourly correction may continue down upto 5150-5160.
Looking at the larger time cycle and many overbought stocks, Market looks to be on its last part of the upmove...for how many days ???.
Have updated "STockwealth" with Four Stocks.
Looking at the larger time cycle and many overbought stocks, Market looks to be on its last part of the upmove...for how many days ???.
Have updated "STockwealth" with Four Stocks.
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...
6 comments:
Good Morning Ilango sir.
Happy New Year. Thanks for the article about EW.
Dear Ilango Sir,
What is your aggressive trade for today sir?
Very Good Morning Ilango. May god bless you to guide us through more profits in this new year.
Regards,
S Rajagopal.
Ilango,
Kindly revisit Stock Wealth. Pivot below SBI charts is for which stock ? Kindly advise. Am I erring in reading it?
Regards,
S Rajagopal
GM to all.
Stay long as long as 5200 holds. If breaks below 5200, 5160 is possible.
A decisive move above 5225 will take it to 5260-5280.
Yes, Rajagopal,
I noticed the error. I have uploaded the new Tech.table of SBI now. Thank you.
gm sir, ew explanation ws amazing..but does this ew justify sharp corrections evn seen along with trend..could u gv a tool 2 c sharp corrections or dwn circuits coming..
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