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:
Weakness continues below 7965-70.
dear ilango sir nifty 5118 to 8180monthly (5,3,5)seeing...monthly viwe is doun..?
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7957
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7958.
NS below Day Pivot @ 7968 displaying bearish trend.
Cluster Support @ 7896 - 7918 for aggressive trades waiting for NS's arrival.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Hema @ 7978 & D LEma @ 7989.
Weakness continues below Hr. Pivot @ 7957.
BOD = Buy On Dips
SAH = Sell And Hold.
Hard OI & NF Data (Science) does not corroborate with the statements below.
Nevertheless, EOD close < 15,715 & 7922 spot respectively can trigger 2 massive -WWs on Day Candles (the ART side)
** Confo would be EOD close < 34DEMA on respective Indices.
inside day most probably
The cvomplex "iv"th wave could rise to 8008, 61.8%; "i"st being 8030.
If 8030 is breached, keep the "abc" labeling.
Weak below 7962.
7966 is upper T/L of contracting triangle
7962-66 is support range now.........
guess may not break below it
a busted triange developing
trgts 8010-20 near 1st hr of trade tomorrow
3.00PM TT & Chart Updated..
@Master,
iv th taking 7 hours now??
Bulls sure of making base for the series at 7850
http://www.niftytrader.in/nifty-live-change-in-oi/
Bullishness will be confirmed when Nifty PCR crosses 1.02 based on daily chart
@ Prithvi Raulji,
And more...if spills over to tomorrow opening; keep the alt. label of "abc" in contention too.
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7966
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7978.
NS above Day Pivot @ 7968 displaying bullish trend.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
Strength above Hr. Hema @ 7978 & D LEma @ 7989.
Weakness returns below Hr. Pivot @ 7966.
BOD = Buy On Dips
SAH = Sell And Hold.
Thanks master
@master,
If 8030 Break , than assume that C over at 7926 and new impluse wave start???
not early but need guidence
seems will close abv 7970 today
probability of another gapup tomorrow
8032 in sight(confluence of 5 and 13 ema in daily charts
5Dsma to 8029
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