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 ...
19 comments:
if the SAR triggers in the direction of the main Trend then it usually gives smooth and good points. Somehow it is not seen in this case..Am i thinking wrong...
Dear master
Second CDG as pointed by you earlier the movement of 9-RSI this time not giving the expected upmove to your intraday of 5724.
Your inference ?
I never get obsessed with an oscillator number as it could reverse even before going below 20 mark.
Pay attention to prices. It showed strength @ 5651(61.8% of yesterday's rise) and thereafter it remained above 5670(5DEma);
What it is doing presently is gathering strength around the DHEma/WHema, the last hurdle. If it fails, it will again reflect in the prices as detailed earlier.
Now the (v)th of the rise from 5634(of yesterday) seem to be unfolding and could face resistance around 5714-25 zone, where another correction could set in.
If none happens, we'll review.
Sir, i am anand here, i am doing trading for 2 months and in learning phase. I hav learnt a lot from your blog, it's great thank you sir. however I have maile you to sent me your TA file my id is callupanand@indiatimes.com.
Thank You.
Should we book our longs today OR wait for tomorrow morning? is the dilema.......
nifty too making higher high
can more short covering be expected near eod to push nifty towards 5423-41ns range?/?
missing shriramji ...since few days. anybody knows where he is?
@master
if we count 5th wave from 5634 what will be wave count? thanks.
In bank nifty (spot) todays highest voln trade is at 11548.05.
Anmpatel ji,
Hi is on Nagpur tour will come in weekends
Bullish Flag on Nifty Fut 5 Min, TGT 5780 NF
Infosys and Reliance have gained quite a ground in today's rise...
@Hemant
thanks.
no posts in last 15 mint.... Unusuallll
@CDG
sannata 6a gaya hai..lagata hai sab profit booking kar rahe hai!!!
bears ko marte marte deep forest me chale gaye kya....
closing avg 5717.97
clsing ave 5718.55
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