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...
18 comments:
@Master,
Is there count true that 'C' wave finished @7950??
Day Low : 7950.55 Day High : 8019.30 Range : 69 Points Day Pivot : 7998 Hr. Pivot : 7967
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7959.
NS below Day Pivot @ 7998 & Hr. Pivot @ 7967 indicating bearishness.
2nd Cluster support @ 7925-40 for Agressive trades inviting NS..
NS in SAH mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Ema @ 7983.
SAH = Sell And Hold
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Followers of JNSAR :
Day Low : 7950.55 Day High : 8019.30 Day Range : 69 points
NS trading a Century below TODAY'S JNSAR @ 8062.
NS below Hr. JNSAR @ 7999
NS below Day's pivot @ 7998 indicating bearishness.
Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.
NS currently hovering around 7956.
Note : As Today is Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
@ Prithvi Raulji ,
When weekly exhaustion is seen & Daily is in downtrend and prices below DLEma, minor waves should not be given importance till we see "exhaustion in downtrend".
It is possible 2/b(1/a being 8160 to 7979.80) is completed at 8025 and 3/C is underway.
Thanks master
Means hope only 7950 below that 7775 or 7732
wow,
somebody watching SL, Hit and back
@ Prithvi Raulji ,
The irregular "b" of 2 could break below 7950 & reverse to complete the "c" of 2.
OR 2 completed at 8025 and "i" of 3rd completed at 7948 and the "ii"nd of 3 is unfolding.
These are the two scenarios we observe presently.
Hence, the retrace of last fall from 8025 would give away some clues..
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00AM, Pivot-8008, S1-7966, S2-7917, VWAP-7981
Based on OI additin till now, an Expiry below 8000 is very much on the cards, with CE writers all over the place, Next Series starts with Best Support around 7900 Level…
Thanks & Regards
Thanks again master,
Now waiting for bounce only, both scenario indicating more down side
So sell on rise
Day Low : 7947.90 Day High : 8019.30 Range : 72 Points Day Pivot : 7998 Hr. Pivot : 7960
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7960.
NS below Day Pivot @ 7998 & Hr. Pivot @ 7960 indicating bearishness.
2nd Cluster support @ 7925-40 for Agressive trades inviting NS..
NS in SAH mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Ema @ 7975.
SAH = Sell And Hold
Followers of JNSAR :
Day Low : 7947.90 Day High : 8019.30 Day Range : 72 points
NS trading a Century below TODAY'S JNSAR @ 8062.
NS below Hr. JNSAR @ 7992
NS below Day's pivot @ 7998 & Hr. Pivot @ 7960 indicating bearishness.
Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.
NS currently hovering around 7959.
Note : As we r in Last 2 hours of Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
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a small bullish WW may develop in ns charts
may have done pt4 near 7970
may do pt5 below 7945 near 2.10pm
trgts 7995-8005 range near eod
Dear Ilango Sir,
Doesnot 8025-8000-8018-7990 look like a 3-wave as the morning high was 8019 and hence 8025-7946 should be counted as an irregular b
New Post Done.
if ns trade abv 7958 then it will be above T/L joining pts 2 and 4
cmp 7951
Today's nifty future facing the support 7865 then will see another blood bath support around 7850
Today's resistance 7974 & 8062...
Nifty future tips
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