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...
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Good Morning Master and Friends
5979/5928
50% 5954.
Not crossed so far.
@DR Sir,
At which level primary trend will say down??
11.00AM TT & Charts updated.
praying for your mother, but still you are very strong sir.
5850-55 should be the support area.
Goodmorning ji and all
By fibonacci nifty SR 5988 INR 5959
nifty may touch 5883,5891(61.8&75% of 5990..5929)
Ilango ji,
In contracting or expanding EDs, "d" has to go into "a"
If it does, CT FORM is Negated (as depicted) sir....
below 5945-50 bears will have power of control.
Jay Mataji
Breach of Trend line will be first indication.
Click here
Rohit MSG:
I discussed the last two days that wave v started. Min target of 5920 was barely reached at 5927
Now lack of follow up selling [low volumes yesterday] has led to wave v ending in a wedge as shown
in the hourly chart. On the daily the doji yesterday also shows loss of downward momentum. For
extended targets panic in wave v is missing. So unless 5927 breaks we are now going to retrace
the entire decline by 50% at 6020 near the 20dma or 61.8% near 6042. After that we will look out
for wave III down. If 5927 breaks then we are extending down to far lower levels but right now
evidence is growing for a bounce back, with confirmation above 5956.
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