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...
12 comments:
Dear Friends, I am a silent reader of this blog.. On the republic day I composed a poem... So pasting the link so that it will reach to you all..Please read if you get time.
http://mazavirangula.blogspot.in/2013/01/blog-post.html
Title of the poem is "kasam"
POSSIBILITY OF a fast rise setup emerging in ns 5 min charts
Namaste Sir,
Sir my sincere prayers for the well being of your mother. May the lord give her,you and all in your family - the Strength and Courage to withstand tough times.
On the weekly charts the 20wma is quite far at 5792 and since the mid/small cap indices are already there it was a good target for Nifty to catch up. The reversal I have put at a tighter recent low near 5940. The Sensex today morning surpassed last weeks high though Nifty is still a little below the 6101 level, its fair to assume that wave e is still forming and the recent sell off did not end in a perfect 5 wave decline. On the weekly charts we closed positive and very near the upper Bollinger band at 6101. Weekly momentum indicators are still in buy mode and still to confirm a reversal. Unlike the daily charts where several divergence exist in RSI the weekly charts don't have any yet.
Rohit MSG
Namaste Ilango Sir & all members.
emas converging in ns 5 min charts
may see some sharp move in short time from now
may give a false move on other side be4 moving sharply
sl 6088 and 6058
Hitendra,
RSI - 9 on weekly TF , shows clear negative divergence since the top of 5815.
Raghavendra
Bank nifty near day high.
either an expanding triangle developing in ns 5 min 5 day charts trgts abv 6140 till tomorrow
or may be a developing WW.. may move abv 6100 and then a dip below 6066
supp line at 6066ns
Dear sir,
My sincere prayers for your mother and for you in these difficult times.
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@ S4S:
my vote goes for a developing +ww on the 5min charts.. pt 4 has formed 6078 , and a pt 5 will be put in place by today EOD or, tomo morning perhaps ....
@VijayKumar Patil Good Poem. Appreciate.
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