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...
34 comments:
Ilango Sir and Parimal,
Question on Bank Nifty hrly chart ( your pre-market view on Stockwealth blog)
Does it qualify as a Diamond pattern. With break down level ~ 12660 ?
Raghavendra
oh thanks stock4sure i will cover my shorts then which i did yesterday
Nifty range for last 2 hours 6051-6059
a lower low done in midcap index
now may move up along may take nifty
TataSteel: below 200DMA correcting and may correct yet more.
ns also done a double bottom near 6049
@ S4s,
+ww on 5mins ? 1-4 line says 6070-80 visit again , next 4-8 30min bars ??
@ Parimal thank u very much for ur reply. I have been trading in mini nifty. Can u please suggest an alternative other than Nifty futures.
@ shriram
my trgts 6078 near 2.00pm
@s4s,
Thanks
Buy and Sell Nifty
you may trade in NiftyBees.
tks s4s
Cu guys after 14:00, Bon Appetit !
Parimalji,
ur vies on Wipro pl.
Thanks.
@Master
Update please Tech Table.
rgds
Hi Raghavendra
BN: i see a down sloping channel on hrly chart. i am not good in drawing diamond pattern.
Wipro: hrly: second attempt to move above 21hrsma. correcting in 4th wave.
sell on rise is good i feel keeping 6094nf as sl but buying i am hesitant even with jnsar still +ve
Basket Selling!!!
Sub ne short se exit kiya to dekha kya hua
hahahahaha
JNSAR is about to be breached
:) khokha selling its not even fallen 15pts
What are chances of a rate cut by RBI which is pending this month?
One basket already sold! There will be a few more baskets to be sold off today!! It will be a good buying level around 5988 whenever it comes!!!
Jnsar Hit short ,
@ANMPatel,
Filter mat lagaoge kya???
@ nileshwar please don't trigger JNSAR. do it after expiry please.
Parimalji,
RBI is guided by FM.
As gold import duty is hiked to cut pocket of higher class, FM will pleased them by rate cut.
Just thought.
Sir,
How we read this current fall
a) taking support at 61.8 = 6031/ JNSAR.
so as long as JNSAr holds, rally to 6100 still possible.
or
b) though good global cues, could not take advantage of it, hence 6102 was the top ( red) now broken the trendline since 5940-5988. tried to regain the support trendline in the morning now failed, and weak below Day and weekPivot / and once closes below Dlema will be bearish
Today SBI could go below 2400.
A chart is very clear say
Parimalji,
HUL is above average trade price &
Wipro is reverse.
Any views pl.
thanks
janak ji i like to keep fit dont eat potatoes :)
janak ji i was reselling AFL provided by my friend but to no avail when i backtested it , nothing is better than JNSAR. mind it:)
SAMONA ji
Plz read my comment on previious page and reply if possible
Janak ji, its too early to comment against her
ns cmp 6029
6026-6029 is buying range with sl below 6017
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