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....
-
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...
18 comments:
Respected Sir,
Namaskar
In TT the 9 hr rsi is too much oversold. Any bounce from here. As numbers also supports.
@ vishnu,
Let 9 hr rsi, which is in the "below 20 mark", trigger upwards as a confirmation of a possible bounce.
Never read an oscillator in isolation.
A good risk-reward trade comes in the direction of the trend. Hence, always read "fast macd & 21-D for aggressive trades" and "S.macd & 35-D for conservative trades".
Thanks Sir for guiding me I was induced to take the position only on the basis of 9 hrs RSi.
@master,
Fast MACD setup numbers pls
Tatasteel- neg ww formed in 15mins at 561.20. A close below it for 2 15 mins will trigger. Sl will be a close above it on 15mins closing basis. 1-4 tgt line is at 550
Good afternoon Master and Friends...Master can we re enter shorts near 7683 -89 levels (21hrs and 34hrs sma) pls guide
Prabhanshu Sir,
Tata Steel -WW will trigger at 1.15PM?
similarity wise if it is running correction from 7687.
current hour low manage within support zone 7628-36 reversal possibility else fall continue.
can we see some buying now
^7676-7680
resistae @golden ratio
@ Prithvi Raulji ,
Fast macd: 5,10,9
7662 7658 ... is 50%-61.8% retrace of the last rise from …… 7646 to 7677
80% is - 7652
If strength to return again, it should be around 7662 7658
Weakness gets confirmed Below 7658 OR 7652
BN did 80% at 15077
Nifty did 80% at 7677.
Minor strength above these..
7697 is 50% of fall from 7799 7594
Sir,
Major strength above 7721 ?
7696 7709 ... is 50%-61.8% retrace of the last fall from …… 7752 to 7639
80% is - 7729
If weakness is to return, it should be around 7696 7709
Strength gets confirmed above 7709 OR 7729
freak nifty future high at 7750 or is this going to get broken?
Post a Comment