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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
24 comments:
Good Morning Sir & Blog-Mates,
Have a Happy & Prosperous Day. ♥
-
Cámáríllá Key Levels - Nifty Spot
H4@7546 ↑
H3@7529 ↓
L3@7494 ↑
L4@7477 ↓
-
20-06-2014 was NR4.
7502 7505 ... is 50%-61.8% retrace of the last fall from …… 7518 to 7485
80% is - 7511
If weakness is to return, it should be around 7502 7505
Strength gets confirmed above 7505 OR 7511
Weak BN, again lost 100 points so quickly.
for people like me who very hardly pick up the right direction
sir
Ilango said...
@ Bharat Kumar,
I would prefer to follow various channels for likely supports or break-down. Hence, I have no targets presently. Next cluster zone is around 7410-33.
June 20, 2014 at 2:18 PM
till then we should follow
50% 61.8% retrace and
80% should be the sl for any rise
7497 7504 ... is 50%-61.8% retrace of the last fall from …… 7525 to 7469
80% is - 7514
If weakness is to return, it should be around 7497 7504
Strength gets confirmed above 7504 OR 7514
+WW is formed in Nifty 60 mins chart. Now, it will trigger if prices close above 7479.20 for 2 1 hr candle. Tgts not yet computed.
1 - 7497.75
2 - 7700
3 - 7487.70
4 - 7663
5 - 7479.20
GM Master and All!
Bears are in a hurry to add Calls, it seems:
http://www.niftytrader.in/nifty-live-change-in-oi/
10Lac Calls added at 7500 level in a matter of minutes.
CMP@7487-Cam Can be watched Now@Nifty Spot
L3@7494 ↑
L4@7477 ↓
Sell on rise
(oi wise 7400 or lower maybe...)
marina sir your inputs ..on tt and likely support resist clusters
CMP< DevEMA < DevHWEMA------> Target WLEMA as per Harish Thakkar Method
7500 level is now captured by bears:
http://www.niftytrader.in/live-nifty-open-interest/
dear ilango sir now hourly over sold zone..?
Sir,
Nifty ..positive divergence setup in making.
Do you agree?
THanks
Amit
ALSO, +ww on the verge of getting activated!
@ Amit Kumar,
Not convincing. Next two hours would have better clues.
thanks sir..
@ Prabhanshu, +ww in +ww,
1 7515.5
2 7612
3 7502.55
4 7559.7
5 7469 or near 7450 ? pl. clarify..
give some time to master :) how much answer he will give in small range bound mkt
@Zala, vch tf?
@Prabhanshu, hourly T/f.
New Post Done.
channel support near 7480ns
may bounce from this level for 7512 near 12.45pm
Price Action@Nifty Spot
1hr Low 7472 good key for Bears.
30mins Low 7481 -- Aggressive Bears.
Post a Comment