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 ...
10 comments:
Does anyone has view on SAIL. RSI shows clear -ve divergence. Valuations are very expensive. P/E about 16 whereas industry standard it close to 8. Has risen more than 10% in last 2 sessions closing above 100 whereas 95 call shoes huge open interest.
Please comment.
SIR 1 QUESTION ,
IF 5119 TO 6141 IS (1) 5700 (2) 6343 (3.1) 5933 (3.2) & 7563 (3.3) THEN 3.4 WILL COME at what level for above count
SIR IF 5933 TO 6872 WAS 3RD SUBWAVE 3RD MINOR AND 6638 (3.4) AND 7563 IS 3.5 THEN 4TH WILL COME 6700?
Today was a NR7 day. Expand range expansion in next 2 days.
A large % of previous NR7 (sample size of 15 ) follow up days have expanded to DOWN.
Monitor prices for this phenomenon over the next 2 days.
#Andhrabank & #unionbank has given breakout from long term downtrending resistance line ...
Range bound day at resistance.
Profit booking is a logical conclusion.
But still no give way of support.
Tomorrow must be decider for
0- b tl break upside
Or else triangle staring down
Good evening master and all blog mates
Nifty chart update : Click here
@ Rahul: Sail had 3 pattern Tgts T1:100 (done) , and T2: 115 , T3: 150
Trail with an MA or find a lower T/f corrective (wave form) to "TIME" long entry
Namaste Ilango Sir & Blogmates,
Bullish: A perfect consolidation after 2 days of huge up-move, with the writers trying to seal corresponding support and resistance, though selling can be seen at higher levels...: Option Analysis for 04-06-2014
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Sanjay Kr Jaiswal
Ilango sir, Hourly & Daily looks over bought. Line chart connecting daily closing prices have -ve divergence with trend indicator, RSI. However J10Sar is above JNSAR. What do you see the possibility here.
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