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...
13 comments:
BN showed a clear 5 wave fall from 16209 to 16048 with open & high being same.
Hence,
16129 16147 ... is 50%-61.8% retrace of the last fall from …… 16209 to 16048
80% is - 16177
If weakness is to return, it should be around 16129 16147
Strength gets confirmed above 16147 OR 16177
GM IL Sir,
Applying the same logic of BN to nifty.
50%-61.8% retracement from high of 8122 is 8051-8065. So strength should resume in this band? Also, below 80% i.e. 8030, weakness should be seen in the index?
GM Master,
If time permit kindly express ur view on SBI as BN make new all time high but SBI still a laggard?
8094 is the bottom of the irregular reversal triangle.
it is in the shorter tf of 2 and 5 min
usual to see a good upmove of about 50 points at least
low RR
with clear SL
Nifty everyday Master's patient
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8105, R1-8156, S1-8071, VWAP-8133
Evenly distributed Option addition for the day with 8000PE OI now above 60 lacs, should act as very good support, Buy on Dips till 8100 NF is held…
Thanks & Regards
Be careful with SBI . Operators are strong . It will appear to be weak and suddenly shoot up even when BN falls as it happened yesterday !
wow, BN retreced .618 @148.5 and back
Fight on for 8100 levels with OI mildy bullish. Correction can happen any time now:
http://www.niftytrader.in/
Ilango Sir - Your views about TISCO pls.
negative divergence seen in BN hourly chart
New Post Done.
Indian stock market continue on its perfect uptrend. Nifty holds 8100 level nifty up 39.70 pts or 0.50% to 8121.95. Indian stock market The S&P BSE Sensex is the best-performing market.
Stock commodity live calls
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