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...
19 comments:
21/34 Hrsma is same no. 5910.
50% of 5970/5854 is 5912.
23.6% of 6112/5854 is 5815.
wl trade long above these nos.
Namasthe ilango sir and friends,
Today’s quote received :
People hurt you,
God will heal you.
People humiliate you,
God will magnify you.
People judge you,
God will justify you.
Always Have Trust in God.
SBI: 2160 is 200DMA, a long term support. if held, may see up-move in medium time frame. price tested this level on 14th Feb and trying to bounce back.
Wipro: 381 is 200DMA which was tested on Friday, if this level is giving support, can see some upside. it does not sustain an upside in recent times. retrace is quick.
Ilango ji,
Recalling the EW talk from friday, rise from 5854-5900 is now to be seen as a 5wave or 3wave sir ?
Wockhardt: a very good 'investment' stock for long term and also for medium term. strong bullish trend. recently did the healthy correction. now again on up-move.
INDIA VIX UP 5%+
is this an indication of something horrible on downside ????
a small bearish WW pattern developing
expecting 5885NS near 11.30
llango sir 2nd lot sell chance at 5910 range (21/34 Hrsma)?
Yes Bank: 500 is a strong support, if held, may see upside in ST and MT.
India VIX now up 8.7%
is it any indication of sharp downside in nifty??
or will nifty move up sharply on upside to counter the increase in VIX
so that at eod it will be stable
VIX does not decide direction. it reflects high/low intensity of volatility.
Good Morning Ilango Sir and Blogmates.
Govt showing a manipulated inflation data (lowered to 6%!) for two reasons: a) for deciding low DA, b) to levy more taxes. real inflation rate is more than 15%.
RBI Governor has expressed explicitly that he will not cut rates on manipulated inflation data.
Nifty Resist.& Supports ?
New Post Done.
in my view 5907 resist must act but lets see.
Nifty (spot & future) is trading below 50 DMA,is it preparing for 200 DMA ??.... Sir ur view plse.
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