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...
11 comments:
Cairn India... Good sustain above 281.50..
Chk chart
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7932, R1-7973, R2-8000, VWAP-8003
The PE writers on a misson to close the day above 8000, with huge addition at the level, though PCR still below 1, the index moving into resistance zone…
Thanks & Regards
Day Low : 7977.65 Day High : 7999.30 Range : 22 Points Day Pivot : 7913 Hr. Pivot : 7988
NS NEAR OK ( Octa Kilo = 8000).
Currently hovering around 7989.
NS above Day Pivot @ 7913 & Hr. Pivot @ 7988 indicating bullish mode.
NS in BAH mode in Hr. T/F & in Day T/F.
Weakness returns below Hr. HEma @ 7950.
BAH = Buy And Hold
Dear sir and Blogmates,
Wish you and your family a very Happy Deepavali. May God bless all with Health, Wealth, Prosperity and Peace.
Rgds
Day Low : 7977.65 Day High : 7999.30 Day Range : 22 points
NS trading a Century aBove Today'S JNSAR @ 7855.
Above Hr. JNSAR @ 7911.
Time for Part booking longs initiated @ 7872 on 20th Oct.
Continue Longs initiated around 7872 on 20th Oct with partial Profit booking / Strict SL @ 7855.
NS much above Day's pivot @ 7913.
NS currently hovering around 7991.
Note : As JNSAR long is 2 days old, Whipsaws r remote.
Strict SL is a must for all trades whether Short or Long.
On intraday 5 min chart stoch...35.3.3 still above 80.. Will it now time to come down ?
Sir,,
In BN chart negative diver ???
Sir
on hourly chart of BN
Some EW observations:
1) For this Diwali bounce (from 7724), ST resistance zone is 8050+/- 20 points (wave-B-a), holding 7935
2) If price is unable to sustain above this zone, by Monday => retest of WLEMA by expiry (wave-B-b)
New Post Done.
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