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...
17 comments:
@ Rajesh Singh,
50 to 61.8% at 7777 - 7785 is a resell zone(retracement for the fall from 7809 to 7745).
Since the fall resembles a 5 sub-waves, 80% at 7796 is relevant.
Sir, below is valid?
a.C 7809 7745
(a).b.C 7745 7780
(b).b.C 7780 7752
b.C 7752 xxxx if a=c, then xxxx could be 7787
Then final down leg of C in 5 waves
Thanks for the share, please keep us updating on Nifty Future Tips on daily basis. i like it .
ns cmp 7742...may get support near 7728
7739 7744 ... is 50%-61.8% retrace of the last fall from …… 7760 to 7717
80% is - 7751
If weakness is to return, it should be around 7739 7744
Strength gets confirmed above 7744 OR 7751
Golden ratio :)
Day Low : 7717.40 Day High : 7808.85 Range : 91 Points Day Pivot : 7778 Hr. Pivot : 7771
Currently well below Day Pivot @ 7778 and below Hr. Pivot @ 7771.
NS hovering around 7750.
NS in SAH mode in Hr. T/F & SOR in Day T/F.
Weak till below D HEma @7761.
SAH = Sell And Hold.
SOR = Sell On Rises.
Good Afternoon Sir
A Channel developing in nifty charts
may face T/L res near 7767 levels
if a bullish WW developing then may face res at cmp near 7754(55ema in 2 min charts)
may test 7681 till tomorrow to form pt5 and 7760 is trgt price till thursday(though my guess is will come tomorrow only)may see 7840 on 10th
The fall from 7809 to 7717 is of 3 waves; hence, the retrace could be of any %.
wooooooo
just saw a bullish WW developing in 2 day charts
may trgt 7800 again tomorrow in first 2 hrs
7755(yesterday)-7808-7745-7777-7717
view will get strength abv 7761ns levels(2-4 line)
Day Low : 7717.40 Day High : 7808.85 Range : 91 Points Day Pivot : 7778 Hr. Pivot : 7746
Currently well below Day Pivot @ 7778 and above Hr. Pivot @ 7746.
NS hovering around 7750.
NS in SAH mode in Hr. T/F & SOR in Day T/F.
Weak till below D HEma @7761.
SAH = Sell And Hold.
SOR = Sell On Rises.
Remember also that "Last rise from 7661 to 7791" has been retraced into 50 - 61.8% zone as an "abc".
Hence, this low of 7717 is quite relevant in the coming hours.
Bullish:
7726 7711 ... is 50%-61.8% retrace of the last rise from …… 7661 to 7791
80% is - 7687
If strength to return again, it should be around 7726 7711
Weakness gets confirmed Below 7711 OR 7687
Now, to monitor the rise from day's low 7717 to 7759(recent high):
7743 7738 ... is 38%-50% retrace of the last rise from …… 7717 to 7759
80% is - 7725
If strength to return again, it should be around 7743 7738
Weakness gets confirmed Below 7738 OR 7725
DEAR SIR NOW LAST HOUR CLOSE BELOW 34HSMA...?
Hmmmmmmm.........
Budget kab hai...budget kab hai.....(This is not gabbar singh like holi kab hai holi kab hai...)....):):)
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