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 ... -
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9 comments:
Corrective flat for yesterday's rise:
a: 7799 to 7769
b: a complex one, likely to conclude soon..
c: to unfold after that...
an irregular "b" making new high would suggest of bullish undercurrent.
In the short term, two views:
7708 to 7799 - a/ i
7799 to xxxxx - b/ ii
The above view coincides with a "settlement around 7800"..
Retracement for 7768 to 7791 saved at 7773 (80% )
Master
Bank nifty levels pls
@ Squander Star ,
Aggressively, holding 15430, strength, to be confirmed with a move past 15465 & 15480.
Conservatively, strength remains as long as 15355 is held.
thanks a lot master
7772 7774 ... is 50%-61.8% retrace of the last fall from …… 7784 to 7759
80% is - 7779
If weakness is to return, it should be around 7772 7774
Strength gets confirmed above 7774 OR 7779
New Post Done.
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