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...
15 comments:
Hello friends
MD of Cipla has decided to quit all operations in India, simply because Indian Govt. does not like that corporate business should flourish.
Good morning Ilango Sir and all the Blog mates!
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5932, ATP-5918, VWAP-5917
CE writers at this hour is very much in control, only redeeming factor for the Bulls is that 5900PE OI is still holding on…
Thanks & Regards
Abov e "5906", mild strength and below "5898", weakness continues.
@ Master,
Can you please explain how you calculated 5906 & 5898.
Thank you!
Good Afternoon Ilango Sir and Blogmates.
Rohit msg:
SHORT TERM TREND
Nifty completed a 5 wave advance with an ending diagonal in the 5th wave. The ending pattern took very long to form v/s the broad market trend. Since then a 5 wave decline is visible no the chart and we are in the vth wave down which has broken the rising trendline from June. Since wave iii was extended wave v usually does not extend except in panic selling. We dont see panic in the market so 5870 is a normal target range for a short term bottom from where a 38.2% retracement to 5968 or 61.8% retracement to 6020 can occur. After that we will look for the next leg down in the market.
i guess days trading range have been decided already
ns has made its high and low of day
fractals indicating tomorrow may be another day of consolidation in same range for most part of the day
trading range of 45 pts today so far
Dear Friends,
Any shops in chennai where we could get DIACARD GOLD Drops please. Required for my friends father..
--> back
Bull Flag on NS 5mins, can do 5925 by EOD
@ NITIN KADAM,
Retrace for the intraday fall from 5910 to 5895 was expected to be "5904-61.8%" and hence mild strength above "5906"(with a small filter)
But for the rise from 5879 to 5910, I looked for 50% retrace @ 5895 which it did. But after the subsequent rise, if it falls again, it would be weak; hence 5898.
S4S,
5915 is 80% retrac lvl from 5924/5879 range.
A close abv it is favourable for bulls.
Explore Bank nifty.
It may change picture.
prabha sir for you
http://www.justdial.com/Chennai/Homeopathic-Medicine-Dealers-%3Cnear%3E-Tambaram-West/ct-658686
New Post Done.
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