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...
18 comments:
@ Raghavendra,
InHS works better than HS. It is useful in calculating targets.
BN safe till 15490 breaches..
good eveingall
yday Shri mentioned abour IHNS in Nifty Daily chart. Somehow I am still not able to identify it. Can someone post its chart pls.
@Raghavendra Sir,
Today is developing NR7 day so far.
Thank you sir...
With that thought, today is a clean breakout above the neckline projecting a 1000+ rally.
Will monitor the same along with other TA / TT parameters.
@ Sonu - Yes so far.
After a trend - consolidation day.
@ Prabhanshu,
Shriram - i guess posted it in the blog with a screenshot 2/3 days back.
But if we see weekly charts ( Ilango sir's daily TA file ) - a running correction possibility is mentioned. This Nifty running correction has close similarities to BN running correction prior to the election result week.
Raghavendra ji.
Thanks, I got it.
bnf has many supports 15547,15490,15465.and finally 15425
Flat correction seems to have been completed.
"as long as 7900 is held...."
@ sir,
what about 5d is above 96
@ Nilesh,
Staying above 80 mark without turning down for more than a day is bullish.. a trending move's additional confirmation..
@ sir,
macd look like now to turn -ve
@ Nilesh,
Hour F.Macd has been down since 11.00AM Close today -mild weakness.
Hour S.Macd is likely to turn down & trigger by 3.30PM - weakness would continue but most likely in a sideways pattern since the "Day remains UP".
@ Nilesh,
Please do not read "Oscillators/ Indicators' numbers" - they don't mean much. Read them for Overbought or oversold during a sideways market and rely less on them during trending phase except for "divergences". Here, again, during strongly trending phase(as in 3rd wave), these fail.
This market is not for retail investors better smart people can put the money in FD or buy BONDS and don't invest in this market. Always the retail investor will lose the money in the stock market.
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