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 ...
29 comments:
@ sanjeev,
There is a retracement is on for the last rise from "7493" in Nifty; Intraday players, if experienced could take the trade. It applies to BN too.
Confirmation of a reversal comes from EOD prices only.
Oversold technicals have produced a rally; sustaining the critical retracement levels is crucial for its continuation; such tussles provide for trading opportunities for intraday.
Hi-prob Bull Flag forming intra , holding 7540-50 NS, can do 7600-7650 NS
Thanks Sir.
Sir' is there the makin of a HNS position on Nifty ???? shoulders @ 7590 future for trgt 7460
we short for this level 7560 ?
"A" abc done?
Nifty PCR sharply up since yesterday but still below 1.
http://www.niftytrader.in/nifty-intra-pcr/
7500 becomes the strongest resistance for now. but 7600 Calls holding too.
Rest as Master said, likely to remain in trading range.
me thinks a SUDDEN Selling like;y shortly
A long consolidation since 9.45 AM
@ mridul deka
Sudden Rise possible?
GA sir nd friends :)
Julius - hi...
sudden flat possible??? !!! hope nobody heard this "ever before" lol hehe :D
Dear Sir,
Do you see a flat correction unfolding from 7580?
7580 to 7553 looks like 3 waves, 7553 till 7574 also looks like 3 waves.
Thanks
@ Sujatha
Yes... That was Suddenly Sujatha !!!!!!!!!
1.00PM TT & Chart updated.
Correcting time suggests of "correcting for 7442 to 7580 rise".
Holding "7558" would mean a shallow correction-more bullish. If not, deeper correction.
@ Raman Kapoor ,
A flat correction could take it to 7547, approx.
Dear Sir,
Are there any fibo relations in terms of time taken by corrective and motive waves?
Thanks
@Sujatha,
Fancy position closed & reversed with July contract.
Boss - Adding:::
Watching 5min bar to sustain 1hr High 7568+++
or more retrace flat/ellipse/anything after 7553---.
Till TSL & Zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
@ Raman Kapoor ,
Know this:
Market is a highly "imperfect place" and it can make any kind of forms.
Head & shoulder fails often as it belongs to a generation of the past.
Leading diagonals used to be rare earlier but now, they frequent.
Understand this flow of change happening in a subtle way using few studies of your choice to follow the market...
Now, monitor the retrace for the "last rise from 7565 to manage the Intraday trades".
--> back
Master,
The 0-b line is ruffly comin @ 7620-25 NS, major thrust above that to EW eyes sir ?
BNS has formed a i-HnS on Hr.. Tgt is 15,800
@ shriram,
Above 7600, bull flag break-out as per the first chart.
Next channel res. @ 7630-45 as per the second chart.
EW has two possibilities - labelled in 2nd chart.
Moving past the next resistance line in 2nd chart will change it.
ST reversal is adding strength slowly; next step is EOD.
@ Shriram
Time frame for BNS i-Hns Pls
Master , Tks !
@ Squander : Hr TA
can check here
http://prntscr.com/3vxsc0
julius - araicha mave-dhan araikudhu..."50 dhilum asai varum" ada sivaji pattu illappa - ()nifty future pattu )7650 meladhan attam...illati...mavu pulikum
Thanks Shri
New Post Done.
Post a Comment