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...
22 comments:
Good morning sir and Everyone.
Good Morning All
Good Morning Ilango Sir and Friends
MMTC-Ltd divestment likely by March 15, say govt sources. (Zee Business) #money. today the stock is flared up with the hope that this may be a similar case of NTPC. FIIs lapped up 43% in Govt. disinvestment sell off.
Morning Master & JN Family,
+WW on Hr TA with Oscillator movement on Day TA, makes a good recepie for a 70 -100 pt bounce to Static WkEMA, if 5884 holds !
Have a gr8 day :-)
NF between 50 and 100 dsma
@parimal,sir
goodmorning,
please post the details of nifty future. regulary, it helps so many people.(BIGNERS),Llike me
thanks
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5932, ATP-5916, VWAP-5916
CE writers are in no mood to give a single inch to the PE writers, with huge addition from 5900-6200 Level, 6000 now looks like a huge huge resistance level…
Thanks & Regards
11.00AM TT & Chart updated.
@ Shriram
a bullish WW developing in ns 5 day charts and trgts may be near 5955-65 range till tomorrow...may dip towards 5873 levels to form pt5
cmp 5884ns
and also a small bullish WW developing in 5min todays midcap index charts
Goodmorning sir and all :)
Shriram ji - Jai Hanuman - bring that one + above that 50++
Have a good day and good week to all (including market)
@ Suja: hahha.. y bringing poor Lord hanuman into pic... he is supposed to be free from Moh-Maya !
Bulls are ruled by "Guru" & Surya Dev na ? ;-)
expecting some retrace ment in upside 12.45
NF: 50dsma is 5983 and 100dsma is 5835.
Parimal,
How is Hindalco looking today?
a small bullish WW may develop in 5 min 2 day charts
if ns does not break abv 5911ns
cmp 5908
pt1 was fridays low near 5884ns
pt was todays high near 5924
pt3 was todays low near 5879
pt 4 may be near 5910ns
pt5 will form making a lower low near 5973-68 range and then an upmove to form pt6 tomorrow morning near 5930ns
In sync with Nifty Pre-Market View, there are two resistances, 21hrsma (5950) and then 34hrsma (5961). if NF closes above 34hrsma, then comes the big hurdle at 50dsma at 5983. till the rituals of budget, i guess, Nifty will be range-bound.
Chidambaram has nothing hopeful at hand. he has only one agenda- to collect more and more tax, even by going out of way to meet dangerous deficit. this is not the way to run the economy.
Hindalco: on day chart it has a positive divergence, but it has to move above 5dema at 113 to gain momentum and also should close above this level.
@all
good morning. because of heavy work did not get time to present here.
hinduniliver looks reverse from swing low of 449.85. StochRsi crossing above 50. if close above 456 can see tgt of mid and upper BB. position can be made with SL of swing low.
same was seen in HDFCbank two days back above 442, today it gives good move.
friends your view are welcome, on my mail. as i am on mobile.
thanks.
As the Lead Indicator shows, Nifty has to resolve the present consolidation phase for any impulsive move.
New Post Done.
BhartiAirtel day chart: followed by 5 moves, has corrected/correcting to make an 'a', if overall market favours, may make the corrective 'b' up.
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