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...
31 comments:
Master, Any New high Possible?
Prabhanshu Sir,
+WW trigerred in Nifty & Tata Steel
@ raghava,
Prices have retraced above "7681" of last fall from 7707 to 7638.
Prices have closed above the two key averages, 21 & 34 Hr sma-7668 & 7704 and thus strength has returned in the ST.
Now holding above 7660, if EOD generates a "Buy" with a close above DEma-7697, new high possibility emerges.
what a rise.....wow
Jittery, +ww again triggered in nifty
Ts triangle broke out on upside
@ vksoni,
I'm quite happy for you.
Huge expansion in NF premium coupled with a rise of 100 points in NS from its day low.
Thank you sir,
Thanks
Thank you Master.
Thank You Prabhanshu
7770 can come today if Bulls try for dev DHEMA +20
DEV DHEMA now 7747 high made 7751
OI resistance at 7800.
80% of fall from 7799 to 7594 comes at 7758.
VIX declining with NS moving higher.
Good R:R trade opportunity with SL at 7758 spot.
Vk soni supperrrr
7718 7708 ... is 38%-50% retrace of the last rise from …… 7665 to 7751
80% is - 7682
If strength to return again, it should be around 7718 7708
Weakness gets confirmed Below 7708 OR 7682
master 1 question if we have shorts shall we exit shorts
Senior and
Master , what is the new high possible if breaks .....
3.00PM TT & Chart Updated.
@ rohit jain,
Going by the ST trend, prices though broke below Pivots-7661-67 & 20 dsma-7665, they have sustained in the second session.
Now prices are trading comfortably above DEma-7697.
Day Lead indicator is turning up from oversold zone.
"Shorts" are not justified.
Weakness would be only below "7695 or 7680".
Tatasteel :-)
@Master,
Among other options, the (iii) of v still exists considering the current upmove. Or
The preferred is that this is the retracement for 7837 to 7595.
Prabhanshu Sir,
Thanks for Tata Steel
Soniji,good estimate of the markets!!
Sir
Tomorrows BN JNSAR?
DEAR ILANGO SIR 1 VIWE IS POSIBAL
7841-7593 IS 5th (A)WAVE AND ABC 7758 IS 80% (B) .....?
@ Okay,
The chart shows, a lot of 1,2,(1),(2) and the first sign of 3 & 4, (3) & (4) have started to appear after crossing 7400 in the "line chart" which is based on "Closes".
Generally, the lower t/f (iv)th wave offers support and here it is 7450 on close basis. This does not mean, market can not go further down. It just means that that zone is the first & more reliable support.
There are corrections where market has done less than 38% too.
We follow these corrections with the help of EW sub-waves, technical charts, candle patterns & TT and they sure would offer vital clues.
We'll look forward to tomorrow's event with 10 dsma as a key resistance on the upside and DLEma as the key pivot, breaking the same, downside pressure could emerge.. It is a trader's market once you have started to see 3's & 4's.
It is a trader's market once you have started to see 3's & 4's.
It is a trader's market once you have started to see 3's & 4's.
@ Okay,
The chart - mentioned was posted on 4thAug Pre-Mkt view.
15312
thank u master
@ herry ,
It is a trader's market once you have started to see 3's & 4's.
dear illango sir,
i want to lern this charts
Post a Comment