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...
11 comments:
no short unless it breaches ydays low......coming back after long time
sir,
a truncated c of flat almost done holding 7605 sir?
@SN-my two cents fr yu--my observation is unless market closes below WK LEMA i cant hold short position over week(friday to monday) I usually do not carry overnite shorts if market is abv DAYLEMA(this means hrly weakness can recuop next day.in the same way daily weakness can recover over week if market is abv wklema.hope yu got .allthe best
ADD-this is already noted in TECH TABLE.i follow it with good results.our actions must be confirmed by one higher time frame (applies to 2 min TF onwards
Sir / Friends - thanks for your guidance...Will be more careful in future..
Regards
SN
NF volumes are very low today compared to last few days, 48.6 lakh so far... not sure if because of 4 day week, 15th Fri being independence day.
NS back on
Again trying for 7628
And finally Broke 7628
Another tight range day with gap up , similar to range day on Friday after gap down.
Backed by low volumes, its cat on the wall and we may not be clear of up or down side, despite close above 50 SMA / DLEMA expected ?
Or as Master posted the broadenign top pattern, the dip till 7540 is done and now new highs...Lets see.
Watching the tussle...from the ring side....saving the nose.!
Sir,
Is it island reversal in Nifty?
Thanks
Amit
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