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...
16 comments:
@Sonu,
Hi,
Where r U??
@Sonu,
PCR Increasing today in uptrend ,also 8100-8200 put add
Dhirubhai Dhirubhai aavya 6e,
Dhoom Dhadaka Lavya 6e
@ Prithvi,
Clearly bullish OI so far with Gap up sustaining. Nothing to add at the moment. More chances of Nifty breaking above 8150 soon
Rest as master says, Follow the prices.
focus upon ur sincere OI work...avoid discussion with old mental case...
@ Prithvi,
PCR below 1.18 will be first sign of bearishness, if any:
http://www.niftytrader.in/nifty-intra-pcr/
Observation based on my experience with this chart.
@Sonu,
You mean if PCR going below 1.18 than short ???
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-8113, R1-8154, R2-8191, VWAP-8156
Based on PE addition at 8200-8000, Dips won't come easy, the Bulls are in full control for the day, may accelerate anytime if 8145 NF is held…
Thanks & Regards
@ Prithvi,
OI is not complete trading system. It has to be mixed with price, RSI, pattern.
At this time (for me), Considering RSI OB in hour and day - PCR below 1.19 would give upper hand to bears. And PCR below 1.18 could be a trigger for short position with strict SL.
if Shriram on friday was correct in saying that on BNF wave C is unfolding then BNF below 16100 should target 15904. cud someone clarify please. Besides 50% fibo for the entire range on BNF currently is at 16147, it has not sustained that as yet. Also hourly 5HEMA on BNF currently is at 16146
looks like shorts getting trapped...and short covering in last 40 minutes possible
Ohh, Future making high but NS not crossing 8150
sir,
last rise now from 8133?
8154 resisting?
@ Piyush Sharda,
A 5 done from 8050 to 8157, the target. Also a 5 from 7862.
But from 7540, there could be more highs possible.
Hence, we monitor initially "from 8050"... And if prices move past 8157, consider that waves are sub-dividing...
We are yet to see FII's selling.. And VIX too is quite subdued..
thank u sir
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