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....
-
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...
24 comments:
priuces are so comfortable below low emas ,looks bulls have given up
Good Morning Sir & All Friends.
Good morning ilango sir and seniors...
vksoni
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7818, S1-7717, S2-7656, VWAP-7785
The CE writers are right on Top, with huge addition at 7900 level, though below 7800, the PE writers at the level holding on may bring some relief rally…
Thanks & Regards
intraday move
New Low would complete a 5 from "7868"..
Change the retrace once this 5 gets done.
Some EW observations:
1) Maximum correction during last one year upmove is 440/480 points for wave-2 and 380 points for wave-iv; => chances of ST bounce (Diwali) near 7700-7740 zone
2) For this, sub-minuette wave-v should end in the above zone, and today's close should be above DLEMA/ WLEMA (7800 +/- 20). Friday 2.30 pm efffect.
3) Election Results (Mah/Har assembly) on Sunday, impact on Monday ?
can target 7760..just watching as volatility is high
(v)th sub wave for the fall from 7868 has started from 7758.50.
If so, one more low is needed without breaching 7740.20.
If not, (v)th sub wave for the fall from 7868 may have started from 7750.05.
All these are happening at "Pre-Market's support zone of "7709-7728".
Now, the retrace to be considered would be for "7868 to 7724"
7796 7813 ... is 50%-61.8% retrace of the last fall from …… 7868 to 7724
80% is - 7839
If weakness is to return, it should be around 7796 7813
Strength gets confirmed above 7813 OR 7839
good morning sir
If taken "long" at support zone, manage with SL at 7729 or "last rise retrace from 7724-xxxx"
Bullish:
7748 7744 ... is 50%-61.8% retrace of the last rise from …… 7732 to 7763
80% is - 7738
If strength to return again, it should be around 7748 7744
Weakness gets confirmed Below 7744 OR 7738
Low made 7746 and if moves past 7763, that would be a 5 from the low of 7724. then on, manage with the "last rise retrace from 7724 to "xxxx".
Good noon Sir and friends.
Sir, waves subdividing for upside??
As 1,2, i, ii
@ Prabhanshu Raman,
Most likely, if they climb above 7791 now. If not 5 done from 7724 and a small correction..
New lows are still possible; hence, remain alert with your sl to reverse.
volatility
7751 7744 ... is 50%-61.8% retrace of the last rise from …… 7724 to 7777
80% is - 7735
If strength to return again, it should be around 7751 7744
Weakness gets confirmed Below 7744 OR 7735
New Post Done.
thanks master
Sir, by another low i understood.. ie 5 waves from 7927 will be done if another low is done. For this prices shd not go above 7825 ie i wave from 7927.
what is the importance of 7791
master ji,
Month 12345 ABC
week ((i))((ii))((iii))((iv))((v)) ((a))((b))((c))
Day (i)(ii)(iii)(iv)(v) (a)(b)(c)
hour i ii iii iv v abc
is this correct?
Post a Comment