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...
28 comments:
Dear Sir,
The Day S.MACD chart in the pre-mkt shows b ending at ~8190 while the hour lead indicator chart above shows B ending at ~8120. Any reason for this or I am reading it wrong
Thanks
@ all,
Daily we are busy in trading stocks or any other goods and services.
Here is the trading of "sorrows" ...."pain"....etc. for the joy of Lord....and it will definitely help us to have positive thinking.
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Dear Sir & BlogMates,
Could please let me know what kind of Wave 4 correction is going on right now? i have been following JNSAR and now started with EW concepts. Any reply would be very helpful.
Thanks
Good morning to all.
Retraced 38%(8052) of the rise from 8004 till 8081 (50-61% is 8043-8033)
Also about 50% of rise from 8026-8081
Weak below 8037- 80% of rise from 8026-8081 (also Yesterday high)?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8032, R1-8060, R2-8080, VWAP-8071
The 8100-8000PE writers have added huge, and now a move below 8030NF looks improbable, Best resistance still placed at 8100, need to be cautious at higher levels…
Thanks & Regards
Does Reliance Shows a H& S pattern on daily charts with tend line around 916
Sir,
Is there any reason for not mentioning the retrace table for Bank nifty ? How do we construct a retrace table ? Which high and low should be considered ? Since there is vide variation in Bank nifty, I am confused. Sd we take 5 day low and high or 8 day high and low being FIBO numbers. Would appreciate your guidance.
Regards
SN
GA Sir and Friends.
I am not sure on this pattern but can someone confirm. CnH pattern in 15mins nifty spot?
hi prabhanshu do you see +ve hs on 5 minutes
Hi Prabanshu
Not sure about CnH but a bull flag forming on 30 minutes and 5 minutes (Google charts) ?
Gs, not on 5 mins but can see on 15mins but its not clear...so didnt post.
http://prntscr.com/50uyex
Anand, nope...not look like bull flg. Pls post ur chart... i may seeing it differently
thanks friends
gs, see red line
Thanks.
And Sorry I cannot post charts.
Lets see once 8080 (open high) is crossed, we can see some upmove
Range of 8060-80/75 held till now.
Should hold Dev HrHEMA 8056 and 38-50% retrace of range posted by Master from 7995-8081 for strength to continue ?
Key level for the week is still 8030 ?
Anand,
as per pre-mkt, Sir has mentioned...if kept below 8090-8105 and break 2hr low, then weakness. As of now, 2 hr low is at 8052.
Also, Sir has mentioned, to keep an eye on developing -ve div in hour chart.
Just keep these points in mind....
can see hour low ema
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-8032, R1-8060, R2-8080, VWAP-8070
8050 Level hopefully has been taken care off by the Bulls, may see some range bound movement within 8050-8100, The Best resistance still at 8100…
Thanks & Regards
is the closing at 1300 below hr hema ?
@Dinesh
Yes.
Dev HR Hema at 8066. Closing was at 8062. Another hammer on 30 minutes after 11 AM closing.
@anand thanks
looks like will see action in last hour only
sonu
today too do you expect range expansion?
Bank nifty has done low of 16608 which is also the two day low... 5 waves done from the top... looking for a bounce holding 16608... and double bottom @ 16608...
look at dlf shoot up on 5 min charts...some news?
New Post Done.
@Ashok,
possible but I'll not rely on that too much since we have had a gap up so the true range is more than what appears on the chart.
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