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...
14 comments:
@prabhanshuji
from 7842-8031 looks abc
and from 8031 to 7924 was 5waves so this is some kind of correction of correction of correction.....only 3rd can start below 7924....god knows...only MASTER and MARKET can validate the ew counts...!!!!
lets see...
GA.. Sir
7945 HLEMA
7930 DLEMA
Day Low : 7939.30 Day High : 7977.50 Range : 38 Points Day Pivot : 7973 Hr. Pivot : 7951
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7944.
NS below Day Pivot @ 7973 & Hr. Pivot @ 7951 indicating bearishness.
NS in BOD mode in Hr. T/F & in BOD in Day T/F.
Strength returns above Hr. HEma @ 7974.
BOD = Buy On Dips
Master Wedge support 7941 broken
Anmpatel ji, i am not much clear with counts as of now...only sir and prices may give some clarity. .
Only thing i am concentrating on is retrace of 8031 to 7924. The current price action resembles like b wave...if 7924 not broken then c corrective for 8931-7924 may unfold. But if it is b it may go below 7924 as well...
Haha...so confused i m as of now..so better i will look for more clarity
ns sust abv 7947 may show some momentum
7947 is price of T/L res joining intradays high
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-8015, S1-7946, R1-8068, VWAP-7988
The CE writers are back at the 8000 level, though PCR still above 1, but a move above it looks remote for the time being, all up-moves are being sold-off…
Thanks & Regards
Expecting too much but let the Bulls show new NF high this hr...
7960-65 Hurlde.. as HEMA as well as houry SAR.
Day Low : 7936.70 Day High : 7977.50 Range : 41 Points Day Pivot : 7973 Hr. Pivot : 7946
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7949.
NS below Day Pivot @ 7973 & around Hr. Pivot @ 7946 indicating bearishness.
NS in BOD mode in Hr. T/F & in BOD in Day T/F.
Mild Strength returns above Hr. HEma @ 7967.
BOD = Buy On Dips
Read PCR with caution today. Rising PCR is deceptive today as most of the PEs have added in 7500 strike:
http://www.niftytrader.in/nifty-live-change-in-oi/
keeping below 7957 move towards 7923 possible....above 7957 mild strength
BN... Hourly High & daily low ema 15360..
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