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...
23 comments:
@Nifty99: Awsome day for the longs. Closed most longs, left few trailing...
Good Morning Master and Friends
Europe Fut indicates opening RED, we might go down around their opening and comes up again at the end...this is just my perspective.......
Goodmorning master and all JN friends.
Atma pranam
Namaste Ilango Sir & all members.
Nifty playing well between ND Sir's ATR Buy Zone and ATR Sell Zone.
Good Morning Ilango Sir and Friends
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5978, ATP-5969, VWAP-5969
Good addition till now at 5900PE, with OI crossing 60 lacs, but moving above 6000 and sustaining looks remote right now…
Thanks & Regards
GM sir and welcome back
sir as per 9 day rsi isnt the market oversold and due for a bounce
Master ilango and friends,
Good morning to all
Regards
MASTER HATS OFF TO YOUR DEDICATION
☺☺
@Ilango
NS continues to take support and close above 50 SMA at 5958.....is this an early sign of aggressive longs?
5978 is respected.
Nifty has taken support closer to the channel and it is "correcting" the fall of 6112 to 5936; hence, "aggressive longs" from S2-5930 zone with Open & low being same @ 5936. It is supported by oversold day as per stochastics and rsi.
However, remember the weekly sell signal and tread cautiously. And 50dsma would give vital clues in the coming days.
India Annual GDP Govt. Estimate YoY% 1Q A Actual: 5.0% Survey: 5.50% Prior: 6.20%
Sir todays low may be corrective correction of 1v...as v was not a five wave...Guide me Master..
5979.00 5936.00 43.0
5968.85 5962.66 5957.50
5952.43 5947.35 5944.60
5945 is 80% from today's high &
61.8% of 6112/5842.
Master: 08/02/2013 in the TT
@ Prabha Gopalkrishna,
In the shortest T/F that we follow, the 2-minute, sub-waves labeling could be challenging but the directional bias for intraday is revealed.
I have accordingly marked for possible alternative that "iv" may not have completed. This view is supported by day TA not showing reversal though in oversold zone.
Other studies such as "Channelling" would help to take "part-booking" decisions.
I have come across certain situations where the "perceived 5 waves" turn out to be "sub-dividing waves that leads to deeper falls."
Hence, conservative trader would follow the "colours of TT".
New Post Done.
G.Afty Master
Its most amazing to see you back ina ction.. true Karma yogi .. Hats off!!
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