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...
25 comments:
Day Low : 7755.90 Day High : 7791.40 Range : 36 Points Day Pivot : 7724 Hr. Pivot : 7773
Currently well above Day Pivot @ 7724.
NS hovering around 7755.
NS in SOR mode in Hr. T/F & BAH in Day T/F.
Weak below D HEma @7736.
30 Min. RSI in over bought zone.
BAH = Buy And Hold.
SOR = Sell On Rises.
Shri, do you see -ww in nifty 60 mins chart
If correcting the rise from 7661 to 7791, the time factor is almost complete;
Hence, weak below 7755 & 7742, 38% retrace.
@Iango Sir,
Please share pre-market levels... it wasn't visible in morning post.
Probably nifty and BN may do lows near 2.15pm
ns may do near 7751 and bn just below 15365
after that an upmove till eod and another gapup tomorrow if closes near 7780(expecting close near it)
@ Sonu,
It was updated sometime ago.
Day Low : 7755.10 Day High : 7791.40 Range : 37 Points Day Pivot : 7724 Hr. Pivot : 7764
Currently well above Day Pivot @ 7724 and below Hr. Pivot @ 7764.
NS hovering around 7760.
NS in SOR mode in Hr. T/F & BAH in Day T/F.
Weak below D HEma @7736.
30 Min. RSI near over bought zone.
BAH = Buy And Hold.
SOR = Sell On Rises.
@ Prabha:
see 5waves ended as 7441-7791 or almost ended.. view is invalid > 7813 NS, (v =i) as was discussed on Fri
any idea how much points it will move on budget day?
Nested -WWs forming 1 within the other...
http://prntscr.com/4077fh
@Shriram ji,
Has an hourly close below the 1-3-5 line not happened yet to trigger the hourly -WW?
Thanks
@ Raman : yes it has
And combining with EW.. if we close < Friday close.. we may start retracing 7442-7791..
work out the Fibbo levels & co-relate with the -WW 1-4 tgt & see the magic :-)
@BN looking Tokyo...Nifty looking London....The zing is missing in the market.....
Kuch gadbad hai market mein.....
My Yogic power tells me not to expect much from hereon......
My system tells me follow price........
Kuch bhi ho sakta hai....Anything is possible...Nothing is impossible.....:):)
Sir pl post update for 2 pm
ALWAYS EXPECT THE UNEXPECTED from NIFTY
@ Sonu
can you please elaborate your -ww in 2 min chart posted at 11.59 am with some picture?
@Prakash,
That -ww didn't take materialize in full shape. The point 5 should have formed @ 7785 before 12:30 approx. but it didn't
expecting a gapup tomorrow again for 7800 above
7805-13 is resistance for tomorrow
if could not break abv 7817ns then may test 7730 again ntraday tomorrow
For BN traders : Developing numbers below as of 3 PM closing
DHEMA : 15521
DEMA : 15408
HHEMA : 15459
HLEMA : 15389
DLEMA :15316
respected raghavendra
sir how you calculate dev numbers sir
if time permis pls explain sir
@ Dharmu,
i do the same way as Ilango sir does in Nifty. Take the hourly closes and update them in the Bank Nifty TA sheet in each of the data tabs. The Blog data sheet automatically updates the numbers.
If its about formula to calculate : You can see it up in either Nifty TA or BN TA sheets published by ilango sir every day/week.
respected raghvendra sir
thanks for the information
Check the volumes of KOTAKBANK
http://www.niftytrader.in/nse-stocks-volume/
is this real?
Sonu - yes rode it till the end.. :)
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