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...
44 comments:
Weak below "7773".
Rises have many irregular flats along the way in 2 min. chart. Bullish.
Have mentioned before dat BNF 25SMA@ 15159
Tata Steel Bursting.
BNF bouncing back frm 50% fibo of the current rise @ 15133. one break n sustaining below this MAY b futile
@Prbhanshu sir
What r the targets for tatasteel sir
thanks sir
wow what a bounce from 50% retrace
Dear sir,
If we close above WHEMA is there a possibility of impulsive move by next week. Kindly suggest when time permits.(d-SMACD is also looking for a crossover)
Regards
Because of the rising BNF the 25SMA on BNF has also risen to 15166 apprx
@Ilango Sir,
Could the irregular flats be also interpreted as wedge?
NF is at a kissin distance to its all time HIGHS, BUT BNF is nowhere near its highs.
That impulsive move on BNF from 15161 to 15195 seems to have been a FALSE MOVE just to clear out all SHORTS n STOPLOSSES
@Master,
Is Daily MACD Trigger ??
50% retrace of the current rise at 15140 BNF
BNF sustaining below n only below 15108 - 15105 zone = ?????????
Mean Average of 5 waves currently at 15077 BNF
Look at Tata Steel Chart. Sir, pl. comment on it.
http://prntscr.com/4cockn
Looks too bullish.
Rajesh
Altough the Larger Trend certainly seems to be UP. It seems to me that BNF is highly OB on a daily basis and a downside correction is DUE
@Unknown
Than sell BNF.
Lets c wt happening :)
Unless we get an IMPULSIVE Selloff on BNF at 15105-8 zone, a small rise from here upto 15140 n down again
@Unknown,
Can you let me the indicator which is highly OB for BN on day time frame ?
Prithvi I m already short on BNF
Prithvi the CLV @ close location Value . its highlyOB
also I m playing the swing on BNF as per the intrawave fibo theory dat Sir has made us understand
do not short BNF .....
For BN Traders,
Prices are closing above DHEMA @ 14094 and HHEMA @ 15100, MHEMA @ 15967, and Dev WEMA @ 15009 , Dev J10SAR and BN JNSAR as of 3 PM closing.
Key BN stocks like ICICI and HDFC Bank are comfortably closing above DHEMA for the day today.
SBI continues to struggle and likely to close below DLEMA @ 2376
We have had 6 distinctive waves on BNF 2day. each time the BNF made higher lows n higher highs. I calculated the rising retracement n gave my view in the morning itself where I had mentioned targets of 15126 - 15174 plus plus. considering that the 25SMA on BNF is now at 15166 apprx I consider it only best to go Contra, unless BNF on an EOD basis suatains n closes above this value
After long time BN give closing above JNSar
I agree with u Nifty Rider. shorts should have been taken at a higher level. 50% fibo of the current wave is at 15040, hence der is no point shorting here
sorry. dat value would be 15140 BNF. typin mistake
I hope NoOne misunderstands my point of View here. we r a family n givin different inputs wud only help each one of us make our convictions stronger and better and help us in correcting our Mistakes only
Hasn"t Sir always TAUGHT us juss dat.
Prithvi, I m going to say sumthing to u as a friend in what I believe in. So please do not take me otherwise anyone here please. I m only voicing my PERSONELL view point with da various studies that I have learnt from sir. BNF 14725
@Unknown
BNF 14725 means????
still not able to move past earlier resistance 7799.
we are jusst about barely holding on to the 80% retrace from the current wave from 15086 - 15195. should we close below 15108 BNF wiuld have erased the entire gain of this last wave. That to me wud be Bearish
short in BNF only if it breaches 14975...
and a close below the mean average of the 6 intraday waves on BNF at 15077 wud be DANGEROUS
Prithvi downside target
Prithvi please do me one favour. please do tell me the NS where it closed and what the adjusted value was please as I do not have it
@Unknown
How to Known??
voltas journey...209 to 222...happy independence day to all..
Ilango Sir,
Please comment on Tata Steel, Rel. Capital, Hindalco & host of other shares today looked bottoming out. Does that mean, a big upmove is coming.
Rajesh
Ilango,
Seems there is a negative divergence in hour chart. Am I right?
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