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:
sbin consolidating for upsurge..
sir,
a 5 done from 7696?
in 5 min chart
Gudmornin Sir n mates. Cud not catch the 1st wave on BNF as I got in late. The 2nd n 3rd r as follows.
1. Missed it
2. 15198 - 15269
3. 15269 - xxxxx . follow the retracements accordingly and trade
August 18, 2014 at 10:24 AM
current wave retracements on BNF as follows
80% = 15255
62.8% = 15243
50% = 15233
38.2% = 15225
20% = 15212
Good idea with minimal risk to short BNF at 15255 with sloss at highs
@ vksoni,
Instead, look out for a 5 from 7760.
7760 to 7796.60 was the 1st as a LD,
After an irregular flat, the 3rd is unfolding from 7779.20(today's low)
BNF is belying all understanding. It is sustaining at every fibo of its Waves
thanks sir
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7788, R1-7828, R2-7852, VWAP-7810
The PE writers are adding huge at 7800-7700 Level and now 7700 could be the base for the series moving forward, Buy the Dips till Daily VAH at 7802NF is held…
Thanks & Regards
Very Good Morning Sir
sbin chal pada.....
Prices have been making HH & HL in Hour chart since the low of 7540.
For the day too, the 2-min google chart has displayed HH & HL so far.
Hence, for the day, weak below 7822 or 7808(5-min)
sir can we say 5th from 7760 so weak below 7822.7-7832.7 's 61.8%/80% ??
mostly intraday correction of 12 points today
@ Piyush Sharda,
Yes.
@ Piyush Sharda,
One small correction.
You could consider 5 done from 7772, not from 7760.
max correction of day is 15 point
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