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...
14 comments:
Good morning Master & Blogmates
The (v)th wave is unfolding from 7675 as suggested in Pre-Market View.
7675 to 7723 rise got retraced by just 38% at 7705.
From 7705, the target for the minor iiird wave would be minimum 7705+(7723-7675=48)=7753 and 7782(1.618 times the ist minor wave of 48 points).
Now, pay attention to the rise from 7705.
@ Prabhanshu - IDFC rising wedge targets still on?
Bharat, yes either tgts or sl ;-)
Dear Sir,
This (v)th will complete five waves from 7422?
Thanks
lol.ok ! :-)
@ Raman Kapoor,
Yes. A simple view is that the "v"th wave is for the rise from 7422 and vth itself has started from 7675.
Alternative would be "waves sub-dividing as 1, 2, (1), (2), i, ii "...
1, 2 = 7422--7524--7459
(1), (2)= 7459--7655--7596
i, ii = 7596--7722--7675
iii= 7675-- xxxx
We are going to make new highs. Need one arrow to hit the target for a winner.
Day Low : 7704.80 Day High : 7748.70 Range : 44 Points Day Pivot : 7693 Hr. Pivot : 7735
Currently above Hr. Pivot @ 7735 and above Day Pivot @ 7693.
NS a Century-n-Half above D JNSAR @7583.
NS above Resistance1 Cluster @ 7711-7725 for agressive trades.
NS currently hovering around 7740.
NS in BAH mode in Hr. T/F & in BAH mode in Day T/F.
BAH = Buy And Hold
sir,
is rising wedge in nifty still valid...
what are the implication
@Master,
Daily MACD Trigger???
Sir,
BN is not moving that much. Could that make this upmove of nifty as B ?
New Post Done.
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