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...
17 comments:
Some doubt in bulls camp started creeping in just now
http://www.niftytrader.in/nifty-intra-pcr/
"The Sound of Silence" ?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8176, S1-8155, R1-8214, VWAP-8176
Consolidation day after the huge up-move of yesterday, with the 8100PE writers just moving ahead, resistance still at 8200, Buy the dips till Weekly VAH at 8145NF is protected…
Thanks & Regards
sonu
can i have yourmail id ?
Even tussle between bulls and bears for 8100 strike. 8200 seems to be resistance and 8000 seems to be strong support for this series.
Highly likely that 8110-8280 is the range for the day.
8180 I meant :)
@Master,
In 5 min
8180-8138 5 wave (a)
8138-8150 3wave (b)
now c=a 8108 ???
@ Prithvi Raulji ,
It is also possible, the 5 done from 8180 to 8134 now.
Challenges of short t/f labeling.
thank you sir
@ Prithvi Raulji ,
One thing certain - ST is quite weak with -ve divergences..
yes master,
5wave finished @8134
now retreacement on
BNF seems extremely BULLISH as long as 16100-16150 holds. Further upside above 16217.
@Unknown,
-Divergence on weekly chart
Pls be caution
Dear Sir,
In the fall from 8180 to 8134 in this wave 3 is only 1.27% of wave 1 can we expect wave 5 to be extended ur views
from 16295 BNF made a low of 15962 a few days ago. 50% retrace on dat wud have been 16128
BNF should be on fire above 16228-30 sustaining, which is also 80% fibo of the rise. 16295 was 100% fibo , hence a further cross above this should target 16387 which is 123.6% fibo of the entire rise
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