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...
16 comments:
From 7720, the fall has completed a 3 waves and the 4th is on; resistances being pivots 7661-67. (Home to 20 dsma, the ST key average)
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-7697, S1-7668, S2-7617, VWAP-7701
RBI Credit Policy remained unchanged with only SLR cut by 50 basis points, and Nifty saw some huge volatility and after making a new high for the day saw huge selling and now in Red though Option Table is Neutral….
Thanks & Regards
Tatasteel forming triangle in 15 mins.
Buy above 550.75 t1 558.80 t2 571.80 sl 546.75
Sell below 543.90, t1 535.90 t2 522.85 sl 547.95
Hope nifty will touch 7150 by this weekend as broading top . J
WE are feeling the absence of Shriram.....
Where is he.
Issue a Red Corner Notice for him
Holding the retrace(7659) of last rise from 7636, new upmove unfolds, supported by OS day;
dear sir this viwe is posibality unfolding or not..?
7673 7681 ... is 50%-61.8% retrace of the last fall from …… 7707 to 7638
80% is - 7693
If weakness is to return, it should be around 7673 7681
Strength gets confirmed above 7681 OR 7693
look like rise towards 7745-55 pssible
Goodafternoon master,
Good to see the crap out.Is the "iv" wave ON ?
Also, 6783 is 5EMA coinciding with 61% retrace - a good place for the ivth to end !
I meant 7683 :) ! sorry
My dear master ,
Hope you are doing good
Which chart need to check about 4th wave on or not ??
@ Manish,
the time taken is a bit long for the 4th of this fall.
For bearishness, keep the trend indicator chart wherein an "x" wave done at 7720 and an "abc" fall is unfolding. For weakness, it should break 7648.
If prices exceed the retrace levels, accept the strength and make your trades accordingly.
Thank you master.
New Post Done.
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