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...
7 comments:
Good Evening
Good Evening Master,
ADX suggesting strengthening of the momentum and the momentum to be with the Bulls now.
Sir, I had a doubt on Gartley pattern,
whether the extension after 127.2 can it stop at 138.2 (5958, already crossed ) and 150 (6075) or after 127 it normally does 161.8.
Even though nifty made a new low today, NF did not. This indicates strength?
Merc
Also, whenever draghi speaks, next day we have seen a good +ve move in nifty.
@shriram
ns may probably once dip below 5950ns to test down sloping channel T/L (or create a false breakdown)and will also form pt 5 of a bullish WW pattern
expecting ns to retrace towards 5990 be4 eod today
January 10, 2013 1:56 PM
Namaste Ilango Sir & Blogmates,
Neutral: Bears dominated the market for the better part of the day, but seemed like not interested to make a Killing, and let the Bulls come back around end of day...: Option Analysis for 10-01-2013
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Thanks & Regards,
Sanjay Kr Jaiswal
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