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...
26 comments:
Nifty trading above all hrly emas.
Tata Steel: trying to move above 34hrsma (future 409). if hold above, may see higher level. subsequently it also has to go above 200DMA (future 412).
TataMotors: same story as that of TataSteel.
a smaller -ww seen on 2min charts...
The 1-4 line shows NS towards 6050-60
in next 40-60 2min candles
Sun Pharma: corrected upto earlier resistance at 700 and moving up. may see higher levels.
@All
I see a cup and handle formation in nifty in the weekly chart. Disastrous for nifty if this were to come to be true.
Merc
merc9000
cup and handle pattern appears to be so
Cup and Handle pattern is not always a reversal pattern, it is also continuation pattern
BN holding it all together. Don't know if everyone is expecting a 25 or 50 bps cut and how will market react if it is 25 bps.
6200 is expected in new series whether whatever cut in policy.
My prayers for your amma to get well soon Sir.
-Crorepathi
Parimal ji,
Can you share levels of this pattern.
Raghavendra
only 27 points range today. before big event.
Hitendra looking at option open interest 6160-6200 levels not possible in this series.
i m expecting in new series.
6113/6036 range of tmrw if close is 6073.
shriram/ friends
vix > 15 hinting at something ?
Hi Raghavendra
on weekly chart cup&handle pattern has the crucial number as 6300 (approx. future price), it is a breakout level for such a pattern.
Dear Ilango prayers for your mother and hope she recovers speedily and well. Thx for still taking time for the daily updates
Chetas,
think u know my view , tomo the rocket may just ignite ;-)
Good afternoon Ilango Sir and all the Blogmates!
I pray to the Angels of East West North South,
just do your best to protest, to guide and to be there for My master and his near & dear ones.
hello friends....
most of the banks has HAopen-low same till now EOD s/o some bullish expectation from RBI.......if buy rumor and sell news not happend!!!!
but what about nifty????
it also sustained 6047 HA open-low same throughout the day...
for tom HAopen for nifty is 6061.....and for bannifty HAopen is 12688...for nifty maintaining a 6061 will be little bit difficult.....lets see what happens tom.......till then bye...bye...
By fibonacci nifty closing above Ss(6015..5994) ana INR (6057) may RBI upto 50 bps.
could not do any trade for 2 days,
tomorrow, RBi and the next day we have FEd and the next day we have F&o and month closing, looks like not possible to trade till Feb 1st :)))
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