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...
33 comments:
@Master,
Please throw some light on RIL chart
Wave -A completed @859
Wave-B completed @1043
Now it is in 3/C from 1043
???
now iii tgt nr 925
Pls
@Prithvi,
Good call on ICICI
Reached 7856-62 zone, a major support; break below would suggest of deeper corrections..
From Pre-market:
"Major support exist at 7856-62/ 50 dsma, break & close below it would lead to deeper correction."
7856 broken
Setting range between 7800 & 8000
http://www.niftytrader.in/nifty-live-change-in-oi
Day Low : 7852.60 Day High : 7952.95 Range : 100 Points Day Pivot : 7936 Hr. Pivot : 7902
NS a Century and a Quarter below OK ( Octa Kilo = 8000).
Currently hovering around 7870.
NS Half a Century below Day Pivot @ 7936 & below Hr. Pivot @ 7902 indicating bearishness.
Broke 2nd support @ 7856-62 for aggressive trades establishing Bear's rule.
NS in SAH mode in Hr. T/F, Day T/F & in Week T/F.
Strength returns above Hr. Ema @ 7918.
SAH = Sell And Hold
7856 broken
now only 7841 hope for bulls
Attention :) @7841
Be ready for journey to 7650/7326/7057
:)
Expect a bounce from here
http://www.niftytrader.in/nifty-intra-pcr/
Followers of JNSAR :
Day Low : 7841.80 Day High : 7952.95 Day Range : 111 points
NS trading a Double Century below TODAY'S JNSAR @ 8058.
NS a Century below Hr. JNSAR @ 7955
NS much below Day's pivot @ 7936 & Hr. Pivot @ 7902 indicating bearishness.
Continue Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.
NS currently hovering around 7848.
Note : Strict SL is a must for all trades whether Short or Long.
Sir, nifty reaced 7841.9. just penetration is enough or should close below 7842
Monitor with last fall from 7913 for "Intraday":
There is a cluster of resistance in week TT at "7874-7880".
7878 7886 ... is 50%-61.8% retrace of the last fall from …… 7913 to 7842
80% is - 7899
If weakness is to return, it should be around 7878 7886
Strength gets confirmed above 7886 OR 7899
Sir, as RSI highly oversold & 7841 saved can there be chance of 5???
RIL breaking the support @935
Now would be headed up to 854 or 739 = 100% & 161.8% of wave-A ( 1140 to 959) B =1043
7880 nearly WLEMA.. below that close more weakness for next week.. So bulls try best to save 7880..
@ Vaishnav Shukla,
In the past,
I always monitor Oversold / Overbought RSI and 5D lead indicators
But in to trending Market if oversold it collepsed heavily in 40 to 10 interval
So looks like that today oversold zone and everybody mark that OS zone and buy
@ Vaishnav Shukla,
There are +ve divergences n Hour & Day BUT prices have been closing below key ST averages.
Only if they are able to close above ST averages and sustain, these divergences would matter.
If not, these bounces are meant to adjust "the prices having travelled far away from averages"..
Thank you Master & Raulji...
Bhai ab to Diwali & ID e milad festival k liye Bakre dabbe me aa gaye hai
Roj Ek Ek ko katenge Dhire Dhire for 2 or 3 month
Sir..
PCR nifty daily @ 0.50.. So can it be bounce suggested ??
7842 + 75 = 7917!!!
@All,
It will better to Today , leave the market only today
And lets See Scary movie on DVD or on You Tube
Movie main paise to nahi jayenge :) :) :)
Manne Lage ho
V th padhrayo mhare desh???
manne to bahot dar lage ho bhaya
While tussle is going on for 50 EMA , Nifty premium is @ 60 points !!!
Dear Sir,
5 completed from 8160?
Weekly Charts negative
Weekly JNSar trigger down
Sl 7961
Jalsa karo ne yaar, V gaya tel lene
Day Low : 7841.80 Day High : 7952.95 Range : 111 Points Day Pivot : 7936 Hr. Pivot : 7871
NS a Century below OK ( Octa Kilo = 8000).
Currently hovering around 790.
NS below Day Pivot @ 7936 & above Hr. Pivot @ 7871 indicating indecisiveness for the HR.
NS above 1st support @ 7885-95 for aggressive trades weakening Bear's grip.
NS in SAH mode in Day T/F & BOD in Hr. T/F, in Week T/F.
Strength returns above D LEma @ 7920.
SAH = Sell And Hold
BOD = Buy On Dips
Correction in above post 3rd Line:
NS Currently hovering around 7902.
Followers of JNSAR :
Day Low : 7841.80 Day High : 7952.95 Day Range : 111 points
NS trading a Century and Half below TODAY'S JNSAR @ 8058.
NS below Hr. JNSAR @ 7925
NS below Day's pivot @ 7936 & above Hr. Pivot @ 7871 indicating indecision.
Continue Shorts initiated on 23rd Sep around NS 8049 with comfortable TSL.
NS currently hovering around 7908.
Note : Strict SL is a must for all trades whether Short or Long.
New Post Done.
Nifty @ imp level ..
7880 WLEMA (10 points just above that level )
7920 DLEMA ( 30 points below that level )
Now which level nifty will decide.?? below day & week low ema
or
Atleast save week low ema..
1 hr to go ..
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