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...
29 comments:
Good Morning, Ilango Ji
Good Morning Ilango Sir and Friends
BANK Nifty Support levels: CLICK HERE
Goodmorning Ilango sir & Blog friends. Have a nice day.
Good Morning All!
Let's hope for some clarity today!
Good Morning Ilango Sir and Blogmates.
GM Master N Blogmates
@ Ilango Sir,
2 questions:
1) as per your Bearish view: what is the max (e) can do?
2) Bullish count: Is there any point at which this view could become void?
Thanks in advance.
Good Morning Master & Friends
GM Everybody,
Dear jagannathan,
FM knows the local reality but helpless. In present scenario only FII's are his supporters...to unhe kshush rakhna unka param kartavya hai...and he ,nothing but khaye huye namak ke sath hai...:)
GoodMorning Sir and JNFamily !
Namaste Dear Sir and all friends
Have a profitable day
Good morning master & JN family
Have a nice day !
R/Ilango Sir Namaste n Namaskaar 2 all reader's.
Good Morning Sir & Friends.
Enjoy thrilling experience in mkt
Good Morning Sir,
Thank you very much for uploading the 5min chart, it really helps in learning & validating. May I request to please add a values...so that it makes it easier to understand the labeling.
Once again thank you Sir
Good Morning Ilango Sir and Friends...
HUL showing thrills.
Parimalji,
Any views pl.
Good Morning Ilango Sir and JN Seniors
Good Morning All. Nice 5 min chart.
@Mynac Ji
I saw your Marathi blog very good.
good morning master and blogmates
GM Dear Amol..
रिकामा x x भिंतीला तुमड्या लावी :)
good morning illango sir and everyone
HUL: heavy volume trade, result was quite good, some outflow is straining. recently correted by 100 points about. on day chart a probable rounding top pattern seems to be in place.
R2: 525
R1: 503
PV: 483
S1: 461
very cautious approach for long!
Considering Near by expiry,much awaited and anticipated RBI market friendly News and NF O.I.well below 1.50 Cr would have hidden potential to lift Nifty from here..
Initial HVT @ 6060.75 and Nifty supported around the same and Hrly TA file slowly cooling off,with moderate 6000 & 6100 Jan PE addition showing Bulls intentions...
Let us wait and watch..
Till then Bye...
Sir ILango ji and everyone goodmorning
Parimalji,
U r right.
RSI is oversold.
Hence, technically bounce is due.
But, how much- is questionable.
Recent high/low & retracement.
508.40,447.85,60.55
462.14 470.86 478.13
485.27 492.41 496.29
By fibonacci nifty SS 6002 5981, INR (intraday res)6082
Observation & Opinion :
Spot 6008 is I-D "BSIN" point SLO as per
Edwards & Magee.
If Mkt trades below for this for 3 days,
ie. High below this,short term trades is said
to reverse.Widely used concept in developing
markets.
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