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...
21 comments:
One more low (below 7748.60) would complete a 5 from "7799.40 fall" provided prices are kept below 7774..
July 25, 2014 at 1:39 PM.
Sir, wht if prices do not stay below this ????
July 25, 2014 at 2:0
Bearish:
7795 7806 ... is 50%-61.8% retrace of the last fall from …… 7841 to 7749
80% is - 7823
If weakness is to return, it should be around 7795 7806
Strength gets confirmed above 7806 OR 7823
@ Unknown,
If prices do'nt stay below it, it would be taken as "abc" only, a 3-wave fall and we start to monitor the "Last rise retrace"..(from 7752 to xxxx)
hello sir & blogmates
good afternoon.
Just to remind fellow traders ---- Coming Tuesday is a "Trading Holiday" on the account of Ramzan... so we have 3 sessions for this expiry..
DEAR sir sbin stock view plz..
Guru, Kolaveri message would have reached that person and many seniors who happened to see the message of him would understand :)
Sir,
BankNifty Jnsar for monday .
Regards
Crore -- Onnum purrile.. anyways sandhosham :)
good after noon master n blog mates
master since there is no one more low ,(below 7749)as of now can we take as fresh five may start after abc fall from 7749..(SAY --abv 7785 confirmation?)
Sir if today close below 7787 last highest close can this will be bearish sign ?
@ durga ,
There are two possibilities presently:
Bearish: A 5 waves done from 7841 to 7749 and a retrace is on..after which the fall resumes.
Bullish: A 3 wave 'abc" done from 7841 to 7749 and the next upmove has commenced..
How will v know tht upmove hs started sir?
Huge addition seen in 7650 PE... and now 50% Done of 7841-7749.. and good strategy by "players" keeping NF in discount :P
master clear now .thank you
The key takeaway from today seems to be the turning down and triggering of the 5-D lead indicator and a possible closing below DHEMA.
Tatamotors Hour chart 24 july CLICK HERE
tatamotor Hour chart 25 july – today CHARTS CLICK HERE
@ rashmi,
Ilango said...
The Hour channel support is "7763". 34 Hr Sma has risen to 7757 now. DEma-7756.
Any reversal attempt can happen "here" only..
Hence, monito the above retrace levels...7777 or 7785.
July 25, 2014 at 1:12 PM
Ilango said...
@ Guru Krish (Trading Nirvana),
All the technicals are pointing down. Only the EOD prices would confirm it. (As of yesterday's EOD prices, everything was "UP")
July 25, 2014 at 1:14 PM
Idfc cmp 154.80.
Closing below all day emas.
Closing below hrhema only
-ww triggered on day tf and showed it's effect
@raman kapoor ..true --expiry game is on --counter trend trades give bestRRR trades this week .waiting to initiate at 61.8 of todays fall-- small quantity initiated
good evening sir...
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