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...
30 comments:
good morning master & friends.
Good Morning Ilango Sir and Friends
Nifty Resistance lines and 200 DMA: CLICK HERE
Namaste Ilango Sir and all
Namaste Ilango Sir and all good friends
thanks San for nice Nifty analysis
gm master & friends
GM to all.
Nifty likely target: 5750-85
(78.6% retracement from 5944-5196)
Regards
Namaste sir and friends.
LV
"5720" is the channel resistance.
Nifty could trade between 50sma & 200sma for some time.
Only a close above 5750 would be taken as a strong reversal.
Sir GM. The speed with which Nifty is moving
and having Gup up everyday and acheiving 100 points
every 2 days looks like we are still in 3rd wave only.
GOOD MORNING,MASTER ILANGO and friends
Good morning Ilango Sir and all
gm sir and freinds
Namaste Ilango Sir and JN Family.
"5637" is the relabelled wave (i) of V. If Nifty falls to 5637, we may assume 5-waves done and a correction will unfold.
Aggressive traders who shorted at the open would wait for such confirmation.
.
Thank you Sir......Also pls post the updated chart at
10 Am update. Thanks a lot.
Below "5656" ORB down.
Namaste ilango sir and friends,
Today's quote received :
Words are under your control until you speak them…,
But you come under their control once you have spoken them.
"Anger Starts With Foolishness & Terminates With Regression"....!!!!!
DR sir, Some more fuel left in BN?
This gap could be "the exhaustion gap" after having "break-out gap & run away gap" earlier in this upmove from 5196 to 5703.
@ Debdeep, Can you explain which 3rd wave you r talking?
Caz i also confused about this wave. As i am new lerner of
EW study. I m not able to think that if market will close
above 5750 then what is the labling of this corrective C
wave
Good Morning ALL
Correct Sir. Provided we don't break the high of today
in ST.
Namaste Ilango Sir n Blogmates!!
Gap completed in NS. Positive if the current low holds.
Sir n Seniors can rectify me if observation incorrect.
Namaste Ilango sir and all,
Sir is todays open High 5701?
Nilesh.....Don't rely solely on EW. Use
other technicals as well. First learn the basics.
Like chart patterns/ candlestick patterns/ Trendlines
then slowly move to WW, EW Gartley and other advanced
topics.
sir,
we did the same thing yesterday gap up then filling the
gap intra. theoritically what i think exhaustion gap shud leave
gap in daily filled subsequently. though we may be close
to top as per ew/divergences
Also read throughly "Always Start Trading with these
" in this blog and all the charts given by Sir
in this blog on EW.
10 am bar close should be below 5660 for any weakness.
New Post Done.
Good Morning.....
San, As per your chart, Market fall in Fab and up in April , agian fall in June and Up now, But 200 DMA going up and up.......
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