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...
37 comments:
Now below MHEma
Dear Sir,
Few months back, when mkt was in uptrend,
nifty was bouncing from 75/90 points cut.
If we consider the same from 5991, it comes to 5916/5901.
These nos are close fib range of 6112/5842.
Is it a chance to create a long with 20 points sl lokking to tech & FII data?
@ Hitendra,
For the day, mild strength above 5936.
There are +ve div persisting in hour TA but the prices are getting sold every time they come near 21 hr sma(presently @ 5953)
EOD may show further clues.
Parimal:
Your views on Bhel, is it reverting up or its a temporary phenomenon and it is trending down only.
Thanks Sir.
Dabba cutting wl decide next week action.
@ llango,
we are near completion of wave i down. can wave ii develop into a running correction and then the swift wave iii can take us down quickly...
can this be a possible scenario? considering clues such as faster retracements done, 5 waves down etc.
BB,
BHEL was in a range between 220 to 245 ( 25 pts ) for past 3-4 months.
Range break down targets are 220-25 = 195 and below.
Day & Hr are oversold..and hence the bounce.
Raghavendra
Thanks Raghavendra, so it is a sell still-right?
@ Ankit Solanki,
Near the completion of "i" & the start of "ii" often results in traps for both bull & bear. Only part booking is the solution and intraday trading based on supports & resistances and ofcourse "selling on retracementsin the iind wave".
Why? At "i" & "ii" the bullishness still lingers and bearishness asserting and the "reversal trend" yet to be confirmed.(A lower low & a lower high)
@llango,
thanks a ton
BB,
BHEL fell from 230 to 205.
Similar to Nifty logic, we can look to sell @ 61.8% retracement with a STLP at 80%.
Raghavendra
Premium raising to 27 WOW...
अंग्रेज लोग जब जाते है तो सुसात कहते है
sgx is trading at 5942-43, and yesterday hot a low of 5900, may be a freak trade
@ llango sir ji
Sorry for my mistakes.
thanks
Any divergence seen?
SUSAT SUSAT
3.00PM TT & Charts updated.
abhishek patel
Gehu ka bhav girega ya badega?
And indian Positive divergence sochte rehte hai
we are trading at calender year lows,
small gap still left at 5905, 31st dec close, and there is gap at 5865-5886 levels
@Master ,
Any Possibility of conservative Buy @ 5900-5913 support area?
@ Jay Mataji,
Nifty Pre-Market View.
Reaching oversold zone alone can not be construed as a reversal.
Having +ve divergences can not guarantee a reversal.
But what they can give are some trading opportunities.
Only an EOD price can give confidence of a ST reversal.
VIX ki goli 15/-
@ sandeep bhoite,
Prices continues to be below "21 hr sma" & +ve div not bringing in the buyers.
DR sir
Kitch kitch door karega?
The weekly chart was updated today to emphasise the "higher T/F" TA reversal's significance after the "Evening star formation".
Yes Sir,
SBI oversold.
Given opportunity to sell & gone down.
Jay Mataji,
Your comments are always showing Frustration
Plz be sensible.
cls around 5906....
Avg closing 5906
5903.50 :D
can someone tell me were to get free data nifty without timelag
somehow, am smelling a bounce come monday 9:15AM ;-)
Have a gr8 weekend folks!
Finally, the higher TF delivers in the last 30 mins ! Great example of honoring high TF , especially when its close to end of Day/Week/Month...
Thanks Sir.
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