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...
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@ S4S,
do u see a +ww on hr TA ? 1-4 says: 6030 doable ?
Ilango sir,
You marked as a/i, b/ii it means it could be leading diagonal???
@SAM,TISCO has support at 415- 200 Dsma below which it is bearish.415 is also the 38.2% retracement of the recent rise from 360 levels.
mynac bhaiya
still nifty open interest is low?
and possibility of nifty friday closing above 6020 still there?
TCS SPOT LOW 1258.
IS IT TIME TO ININTIATE LONG?
@Ilango it seems that fight for DLEMA started.
if NS did close below the DLEMA will it be considered as change of trend towards down or it's better to wait for one more close below DLEMA (i.e. tomorrow's which is also the Week's assertion day)
@Hitendra,
Yes
@NP
sl for TCS?
Hitendra
TCS: 200DMA stands at 1260, a very crucial level. i shall wait for price to move above this for long trade.
@ all
Plz tell me infosys result time.
Thanku
Nilesh ji - closed the shorts :-) some retracement will come if at all NF 980/87 protected hence staying away
bye
Ministry of Finance is going to infuge an amount of 12000 crores in PSU banks benefit of which will go to SBI, Union bank, corporation bank, bank of Maharashtra etc.
@ llango sir
Conservative long can be taken here at 5955 ns as per pre market view?
@anpatel,
sl 1255 on closing basis.
LT, TECHM, good for buy
Bank nifty was running in Triangle on 15-min chart... Just got breakout from it.
This "attempt" at reversal is from the Pre-Mkt support zone of "5942-54" needs a confirmation of a close above 5DEma(5983), preferably or DLEma(5957).
Total amount of capital injected in PSU banks in last 3 years time by India Govt. exceeds 44000 crores.
Thanks Sanpot .. :)
@Sujatha sis,
If bears protect 5975-80 then we may see 5950 again
nilesh ji - i think typo mistake...we may see 6050??? spot?? NF hv good protection. expecting spot close may around 73/82 levels (Probably the first one nd cat on the wall). wat do u think abt infosys?? it's becoming no more bluechip :P anyway i am with same stand - NF should close abv 6066 for further move and spot abv 6020 . let us see am riding on "retracements"
@ Sujatha sis,
Infy is forming abcde cottective pattern on weekly. Last leg "e" may tgt 2000 in short term sl is 2390
i m berish.
banknifty high and nifty .....
Sister,
tomorrow, full moon, may be we have a multi year top , tomorrow is my hope :)))
@master
what will be BNJNSAR for tomm?
@Ilango hi sir as per your guidance i am able to enter correctly on buy or sell side with small stoplosses. i know my entry point and stoploss. but i don't know where to book profits. and keeping trailing stoplosses. because of this i am missing big profits. please guide me.this is for intraday.
@ anmpatel,
BNJNSAR for tomm - 12710.
Ilango sir,
based on your view that pre market support at 5942, i was able to exit my short exactly at low and re entered long. Since you commented, 5983 is important , I booked the longs also, was able to make good profits today
Thankyou verymuch
@master
forgot to told thanks.
thanks.
nifty closing below JNSAR
nilesh ji - posted yesterday is valid today too NF will not give up easily 6000/02 part if it wants to move up . so as the spot 5973. not dealing with Infosys :( anyway tks for information. me in long only. somebody is pulling down to enter @ low and gap up tomorow??? wild guess :D as usual
chetas - mm..but am not a hardcore follower of astro or like full moon/new moon. it's pickle :)sometimes it may taste with some food sometimes not . wat u did intra is very good don't change the habit..just thro it at resistance and buy @ support. don't expect more and don't think more Bank Bl. will increase :)
@jay shah
yep.
goodbye sir many thanks
adjusted close around 5968
sister,
true, going home with no postions, good day for me
Looking @ the channels ...
If we close < 5WkEMA tomo,
there is a High chance that we may have ended the C.5 @ 6042 !!!!
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