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...
16 comments:
GM Master,
in BN chart
"The 5th wave in progress and its sub-wave "iv"th to unfold today taking up all day and the "v"th could end by tomorrow.
Confirmation would be the break of 15755."
Master, Is sub wave iv th wave confirmation is break of 15755 or completion of 5th wave confirmed by break of 15755 ?
Good morning Ilango Sir and all the Blog mates!
GM Master,
in BN chart
"The 5th wave in progress and its sub-wave "iv"th to unfold today taking up all day and the "v"th could end by tomorrow.
Confirmation would be the break of 15755."
Master, Is sub wave iv th wave confirmation is break of 15755 or completion of 5th wave confirmed by break of 15755 . I think 5th wave complition is confirmed by break of 15755. Am I reading correctly?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8054, R1-8091, S1-8032, VWAP-8074
The PE writers are at it again, with huge addition from 8100-7700 Level, 8000 now looks good support for the day and maybe for the week, Profit booking may emerge at higher levels…
Thanks & Regards
With 42lacs OI and PCR hovering near 0.3, 8100CE remains a tough nut to crack for Nifty:
http://www.niftytrader.in/
A 5 sub-waves seem to be getting completed from 8007 to 8067, also R2.
@ prakashbkc,
15758.85 is the ist wave for the rise from 15503.40.
Now, from 15670, a 5 sub-waves seem to be done at 16137. Let us monitor this last rise retrace to manage.
The confirmation of 5 waves from 15503 is possible only on a break of the ist wave top. However, part booking should be done periodically at iiird wave and a likely vth wave.
I continue to maintain the following:
Ilango said...
@ CD G,
There are two bullish views:
1. The 5th wave from 7540 is presently unfolding and could end around 8050-80 zone, holding above 7960.
2. The 1st wave from 7540 completed at 7929(389 points), the 2nd completed at 7862 and the 3rd wave unfolds. Hence, the retrace from 7862 is critical as well as "Price formations from 7862 as a 5 sub-waves".
September 1, 2014 at 1:45 PM
11.00AM TT & Chart Updated..
thanx Master for reply
There are still 2 advancing shares for every decline. Expect mild correction only:
http://www.niftytrader.in/advance-decline-tracker/
OI turning more bullish:
PCR now comfortably above 1.09
Aggressive writing in 8000PE and 8100PE
http://www.niftytrader.in/nifty-live-change-in-oi/
@Master,
IN BN chart
You always mentioned ABC (C contd.)
So after completing 'C'
is bearish wave 3rd or 5th produced???
G.afty master n jn family,
The ihns on both ns n bns r approaching respective T1s : 8130-8170 & 16400-500
Hv agr8 day, bye !
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-8054, R1-8091, R2-8112, VWAP-8082
The 8000PE writers are on the verge of making it a stable base for the next round of up-move, Buy all dips till Weekly VAH at 8015 NF is held…
Thanks & Regards
New Post Done.
Post a Comment