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...
31 comments:
My guess what Shriram would have said : ( joking)
1) Time to apply Bell Curve maths to Nifty Spot
2) low of the day -Dev.Dlo is 70 pts . THis is the mean of the Normal Dist.
3) 1st std deviation levels are x?!_)(X**
4) day low may be in 67% confidence level
Can't even immitate sriram's briiliance, but i have a gut feeling he would have said something like this :)))
Chetas: lolz... we really can't even copy him. Such a brilliance
Friends
when is SBI results ??
Thanks
SN
S N it is out -
http://in.reuters.com/article/2014/08/08/state-bank-in-results-idINKBN0G80NZ20140808
@Chetas -- here is the message fr you from Shriram :)
"Chetas s right tho.. if wer 70pts < dev.dloema there is 68% chance tat days low s done"
Dear sir,it seems market is in 'c' leg of 'b' of B wave .is it a valid view?
Chetas : Lol :P :P
Ilango sir - How about adding a Like Button to our Comments Section !
@ Guru!
Wow. thanksyou. Did he messaged you?
@chetas... He is on his official meeting.. msg'd in FB..
what is his FB ID
Prabhanshu Sir,
+ww in Tata Steel??
Jittery, thanks. But it will form below 535.20. Low made till niw 535.40.
guys what is the oi situation at 7600
looks like we can see some upmove from present levels
Looks like WLEMA protected well by Bulls.
3pm close is above hrlema and hr pivot. 7500pe are still holding.
7600pe seen some liquidation but oi is still far ahead of 7600ce
Jittery, 535.20
....
prabhanshu thanks for oi update
@ITFPD >>>>still Bears will be ruling as they hopefully closing nifty below WEEKLY JNSAR now thats GOOD news
Also Bulls trying for a close above day pivot.
Small hammer pattern developing for the day if the close is between 7575 to 7585
a long day spent just looking at the chart :) ! Thanks Sir :)
I'm enjoying the experience on this blog a lot more now that a lot of the noise has been cleaned up...
+ww will also trigger above 7595 on 2 15 mins closing basis. Not possible today.
1-4 tgt line is at 7800+
The probability of closing above wklma pushes the bears to cover their positions.
Also 80% of last fall retraced. Sir, sign of a lil bounce as hour and day are oversold as well. Only thing is lead indicator is below trigger. Advise.
@Prabhanshu,
Are you sure that day is oversold?
avg close running at 7567 levels
Dear Sir,
Have the tentative labels on day's S.MACD chart been resolved?
Thanks
Hey Raman, thanks for highlighting. No its not, I believe.
ge
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