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...
9 comments:
HI All, whole day I was busy so could not update.
+ww at 7700 again whipped today. But -ww day also triggered today at 7722 with 1-4 line tgt is below 7600.
Namaste Ilango Sir & Blogmates,
Bearish to Neutral: The Index closed below the psychological level of 7700 but the PE writers did not panic and still has very good support at 7600 level though resistance now coming up at 7800..: Option Analysis for 06-08-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
hello
sir & friends
now 7721 may become a tough hurdle to cross.
jai bhole
@Jai bhole,
Can you or Ilango sir please clarify how 7721 is seen as a major resistance?
@Prabhanshu,
Please can you confirm if there is a -ww wave five in the making.
[IMG]http://i62.tinypic.com/2q38acy.png[/IMG]
Thanks
sorry, it should be http://i62.tinypic.com/2q38acy.png
Nbz: yes, if prices gies above 1-3-5 line and then comes back and close below it, only then -ww will trigger
Nifty -ww which i mentioned above is given in below link. Chk green lines.
http://prntscr.com/4a8i1y
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