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...
30 comments:
Intraday strength above "5924".
5970.00 5901.00 69.00
5917.28 5927.22 5935.50 5943.64 5951.78 5956.20
nothing more to say.
nath - aha aha timely punch give correct dosage and maintain pls.
nilesh ji - mm..comparing with astro, news, rumour etc.,trading is difficult for me :P still hv a feeling 2 pm closing candle is not bad chance for 27/33 if comes OK.. not comes i hv to take back my long :(
@ S4S,
-ww forming on NS 5mins, pt 4 done @ 5911, pt 5 to be formed near 5930-35 ??
Sujatha,
do u hv opinion that ns wl come ard 5925?
axis bank at support level of 1430 .. below that more weakness
hitendra - unfortunately "yes" is my answer 1/2 hr left EOD close may within 5916-22. least is 5903/05 if at all bulls wants to reenter
TA: Tom is Fry day marination starts today
FA: What marinating?
TA: Nifty with A/D paste
Yesterday DR Sir warned with a Bearish Flag on NF.
Today morning right at the opening mark, ADX warned with a strong short signal.
Nifty following these observations and moving down.
Good afternoon nice volatile day.
Brothers & Sisters,
CNXMidCap is bleeding and below 8000. And Nifty is below 5900
For NF 100DMA is 5845,
Namaste Ilango sir and all,
88.6% retracement of 5879 - 5969 is 5889. An Important Harmonic ratio Number. If it holds 5879 then a pull back upto 5938/50/60 is very likely - a Developing Bearish Bat pattern.
If the low is broken and 5850 holds then it would be a Bearish Shark Pattern.
Ilango ji,
Are we playing a Simple ABC FLat from 5880 , C up again to finish ??
Shriram,
Thanks. Your concept of flat goes well with my Bearish Bat pattern.
@All,
Koi to batao, ke FII janti hai kya Big 'C' 6112 pe pura ho gaya??
Ya any Support for FII ke buying ke liye???
Please Help me to help FII
a probable scenario of corrective a-b-c is visible at a glance.
ok satheesh .. but i hv no way to confirm if this indeed a flat needs to close > DlOEMA @least, for now its just one option ..
below ysdays low, the Impulse continues!
@ Shriram,
The rise was of 3 waves as pointed out in Pre-Mkt :
Nifty Pre-Market View.
The bounce off 5879 unfolded as a 3 wave "A" (abc) and hence B could be any retrace....
Hence, "c" of flat could still be pending....
yes sir.. thank u :-)
Coal India: 200DMA comes at 350, if this holds, on the back good earnings, this stock may go up, yet there are concerns as it is mired in scam.
One more observation.
Despite breaking last two days' lows, Bears have not been able to expand the ATR yet in their favor.
In case they are not able to break today's low by EOD, then a possibility of Nifty making yet another lower high gains higher probability.
Jo bhi investment karna hai budget ke liye wait karo. Budget tak kuch nahi karna. :) Ulta Pulta Budget ki Umeed hai. Raju Srivastava has joined SP...so expect more comedy now....:):)
sir
my msg disappear of 3.27 pm.
Last Friday close 5903.5*.99= 5844.45
@ Hitendra,
No "calls", please.
ok sir
O C T Obsessive Compulsive Tipper....
By fibonacci
nifty close below INR 5938 and SR 5957.
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