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...
25 comments:
Good Afternoon Ilango Sir and Blogmates.
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.
IT IS SAME AS TOLD BY SIR.
Dear Sir,
May we wait nr EOD to initiate long or short position bcoz at presnt no clue is emerging.
Why SBI and Hindalco tanking today?
bb,
today Hindalco result.
bb,
for tanking you dont need any reason.
for zooming you need 100s of reason one by one to support.
Namaste Ilango Sir & all members.
NF at high premium.
1.00PM TT & Charts updated.
new low.
Golden words:
"5913-25" would be a minor support zone and "5978-91" would be resistance zone for the day.
"5943"(WLEma)-would be the crucial weekly number.(Revise it if new lows are made)
The NIFTY FUTURES premium is so high ! What does this mean in this minor fall ?
Trader Junkie,
NF premium wl decrease once 5910 may be broken.
just thought.
NS MAY DIP BELOW 5920 ONCE TO FORM PT5 of a +WW pattern
trgt near 5960 on monday till 10.30am
SBI Chart analysis: CLICK HERE
SAN SIR
THANK U FOR SBI CHART
WAITING FOR BUYING ?
now last chance for bulls......last 2hrs. all HA hourly candles are doji's but still daily/weekly are s/o open-high in HA same. so bulls have to try hard next week.
this hour HAopen-high 5940, if not broken we can see lower level.
weekly sell on rise wali train aa gai to bulls ki mehnat bekar!!!!
TJ all I can infer on the nifty premium from past experience is cash market selling by institutions and hedging in nifty futures. Dont read much into it/keep it simple.
looks nifty unable to break HA open-high this hour, next hr HAopen will 5935.
@anmpatel: Only hope for bulls is FII cash buyings, 5900 PE OI (20% rise today with OI 72lakhs above).
And a move past 595x level can break the bear hopes. 90 minutes left for so.
New Post Done.
Thanks Sir
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