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...
27 comments:
GM Sir and friends.
Sir, (4) over at 8030 as marked in 1st chart? Positive div is also in making in hour chart and price broke the channel as in 4th but yet to come back into channel.
Day Low : 8030.00 Day High : 8077.30 Range : 47 Points Day Pivot : 8097 Hr. Pivot : 8049
NS above OK ( Octa Kilo ).
Currently hovering around @ 8045.
NS below Day Pivot @ 8097 displaying weakness.
NS in SAH mode in Hr. T/F & in Day T/F.
Strength returns above Hr. Pivot @ 8049, DLema @ 8059 & Hr. Lema @ 8067.
Weakness continues below Hr. Pivot @ 8049.
SAH = Sell And Hold.
SOR = Sell On Rises
Octa Kilo = 8000
80% Rise frpm 15904 - 16364 on BNF is at 16228
If a fall has to happen currently on BNF it has to be here at 16228, else Rise upto 100% at 16295
Spindle candle worked well and gave a very indication in weekly timeframe Sir , Many thanks to Ilango sir for this learning opportunity ..
current decent support on BNF at 16190-98 zone. Above 16295, BNF should get to 123.6% of the entire rise @ 16373++
BNF support shifting higher to 16210-216 zone
16228 ????
Followers of JNSAR :
Those who have gone SHORT on 11 Sep '14 will remain SHORT till NS crosses 8106.
They may part book once NS goes below 8038.
Those who have gone LONG on 12 Sep '14 must exit LONG & enter fresh LONG once NS is
above 8106 with SL @ 8076.
Those without positions can take LONG positions once NS is above 8106 with SL @ 8076.
50% fibo of the entire Rise from 15904 - 16364 is at 16134. If one plays the Fibo well as Sir has always indicated, the Risk is Low n Reward High
It is fantastic to note that FIBO levels combined with weekly, daily and hourly LEMA n HEMA do give a complete picture. We are objective in our trades n hence tend to Loose the subjective side of it. If only we can control this aspect of our Human minds, money will cum, slowly but steadily. Thankyou Illango Sir
BNF currently above 73.6% FIBO which is at 16189
BNF is still good for a RISE as long as it holds 50% FIBO from 15924-16364, which is at 16134
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8127, S2-8075, S3-8024, VWAP-8065
A gap-down and the CE writers have taken the opportunity to add huge from 8000-8200 Level, initial strong resistance around 8097, Sell on Rise for the day…
Thanks & Regards
@Master,
Only below 7968 we call that 5th over at 8180???
Nifty can go to 7940 after HNS breakdown if stays below 8060-70
also JNSAR -ve
Day Low : 8030.00 Day High : 8077.30 Range : 47 Points Day Pivot : 8097 Hr. Pivot : 8047
NS above OK ( Octa Kilo ).
Currently hovering around Hr Pivot @ 8047.
NS below Day Pivot @ 8097 displaying weakness.
NS in SAH mode in Hr. T/F & in Day T/F.
Strength returns above DLema @ 8059 & Hr. Lema @ 8058.
Weakness continues below Hr. Pivot @ 8047.
SAH = Sell And Hold.
SOR = Sell On Rises
Octa Kilo = 8000
-JNSar
-MACD
-Weekly div.
Lets play for 7600-7650
Raulji thats too much... Pl provide time frame... Also request u to pl send Ramki Elliott wave book that u promised...
10SMA on BNF at 16210
beg ur pardon. 10SMA on BNF at 16201
BNF almost did a 80% at 16272
DONE !!!!!!!!!!!!!!!!!!!!!!!!!!!11
16213 is 50% FIBO of the intraday wave from 16151 to 16275
80% is at 16250 of intraday
All shorts on BNF WOULD HAVE to b made at 16272, else higher targets expected
BNF support intraday now shifts higher at 16230- 40 zone
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