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:
sir how to trade unitech today is it a buy oppurtunity
5905 IS INTRADAY CHANELL RESISTANCE
cmp 5905
Hi,
I can not get 2 min chart from google finance. Can anybody plz confirm.
ilango sir abc flat in 5 min completed?
@abhi,
working at my end
@ Master
5924 is multiple reason for sell for re entry as it is 34 Sma,Developing 5Ema,& small resistance from price cluster & resistance as par daily channel( as EW in chart shows (i)completed at 5928 ), so guide if I am reading it well for re entry ,,,
@ vksoni,
"5916" is 21 hr sma and could be the "iv.c" - in which case, it should weaken from here. "5928", "i" is the negation point.
Hour TA suggests of a ST reversal. Pivot(5900) should be the tsl now.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5921, ATP-5919, VWAP-5920
Still a neutral day, with no party aggressive enough. Hope to see Bulls holding onto the addition at 5900PE till EOD…
Thanks & Regards
thanks sir so 5900 and 5928 is imp
sl for longs 5889.below it 5853
Good afternoon Ilango Sir and friends. Last two hourly candles: one is bullish pin bar and another bullish engulfing pattern.
NS IN 2 DAY line charts is trading in a channel pattern
may face immed res near 5924ns levels again
if breaks and sustains abv 5924 then may move towards 5936-40 range
By fibonacci
nifty above INR 5920 ma,y touch 5955..5969.
5dema at 5924 and 55ema at 5919 in ns daily charts
probably tomorrow they will be at near same levels and a fast rise setup may emerge in nifty charts
5964ns is immed big res being 13 and 34ema in daily charts
as per fractals in daily charts expecting ns to move uptill 5964 till tomorrow and then may dip again towards 5919 to retest 55ema in daily charts and then a strong upmove from 19th feb(pre budget rally)
Nifty needs next hourly close above 5901 to keep bullish momentum as there lies Tenkan Sen Ichimoku line also closing above 5898 will pause the downtrend as we have 5 ema low there on daily chart.
S4S,
So it's buy either above 5924 or @ EOD?
Another observation, all the hourly bars from yesterday till today (except 2) are inside bars of the last hourly bar of day before yesterday whose high was 5923.05 and low was 5883.65. So real action only beyond this range.
NS is trying to hold DLEma.
New Post Done.
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