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...
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Good Afternoon all --- MID POINT for the day at present is @ 7615 with PCR 0.98 which is bullish for now...
80% of fall from 7700 is near now... let's c
Day Low : 7518.15 Day High : 7645.10 Range : 27 Points Day Pivot : 7589 Hr. Pivot : 7637
Currently well above Day Pivot @ 7589.
NS hovering around 7640.
NS in BAH mode in Hr. T/F & in Day T/F.
Weak below Hr. Ema @7627.
BAH = Buy And Hold.
Holding below 7650, approx, a revisit to 7620 or lower as a flat correction.
BN abv 15345(may have formed pt5 or may form pt 5 a bit higher) and then may dip for 15275 near 2.30pm
channel pattern in nifty charts indicating nifty may face difficulty in breaking abv 7651 intraday(if it has to break may do only in last hr)
i guess selling nifty too here at cmp 7645 with small sl can be a low risk /high gain trade
any opinion please???/
High probable +ww may form in rcom 1hr chart below 143.70. See below
http://prntscr.com/3y8jye
If RIL does >1025 spot, forget about shorting this market ...
Time for sapaad, Bon Appetit !
PCR drops with this last upmove to 7648
http://www.niftytrader.in/nifty-intra-pcr/
dear sir now tcs 5th wave is done..?
Puts premium declining
http://www.niftytrader.in/nifty-option-price-trend-intra/
Day Low : 7518.15 Day High : 7647.65 Range : 29 Points Day Pivot : 7589 Hr. Pivot : 7642
Currently well above Day Pivot @ 7589.
NS hovering around 7640.
NS in BAH mode in Hr. T/F & in Day T/F.
Weak below Hr. Ema @7632.
30 Min. RSI near over bought zone.
BAH = Buy And Hold.
prabhu sir probable tgt for rcom below 143.70
dear ilango sir BN viwe..?
@Shailesh, +ww pattern is for break out on upside. At 143.70, this pattern will form and will trigger if prices close above it for 2 1hr continously.
7631 & 7643 break would decide whether "Flat correction is done" and next upmove or correction continuing below 7631.
good after noon master n blogmates
nifty got resisted at 80%..time for contra with smaall stop
New Post Done.
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