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 ...
22 comments:
Changing my time horizon to 30th Aug 2012 ( Thursday) ...the next fibo number. Because the hour trendline had broken. Price target for NS is still 5550.
3rd hour close below HEMA....short safer....
Foreign markets Negative a bit...
Hang Seng 20,008.69 -95.58
Nikkei 225 9,156.92 -14.24
A baba @5280 dede baba.
bank nifty may go up...
Nifty might close above 5400 today as per the open interet data of 5400 call and Put.....bias is upside...shorts is risky.
Nifty targeting 5411, the day high then we might see 5424
Strength above 5393(2-Hour High).
Not breaking 5370 is another indication of strength.
Will NS move past 5400 ?! ,...
zip zap zoooooooooooooom bank nifty...
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH : 5405, Pivot : 5386, R1 : 5420 and VWAP : 5402
Thanks & Regards
4th hour close above HEMA..BUT WILL WAIT TO CROSS 5400 SPOT TO EXIT SHORT...
Resistance area is still @5430,
can anyone inform abt hourly SToch % indicator +ve or -ve crossover for now ?
resistance , and maybe, reversal at 0.73% at 5403 ?
@ Sanz sir
In 60 mnts. Nf chart Stochastic +ve cross over seen in the opening itself. Now SS lines are in over bought zone.
@ hari ji : thanks for the update... :) please a humble request plz dnt address me as Sir :) i am just a reader and a learner :) healthy wealthy trading day ahead to all... :)
WAITING 5405 TO BREAK THEN I WILL LONG.....TILL THEN I AM ON SHORT.....
STOCK4SURE sir , it it a bearish WW formation with tgt of 5380 (Fut ) ? seems to me
New Post Done.
open high same for this Hr in NS 5391.25, as per tt
bulls are ruling market still now.
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