Sir,move from 7825 to 7806 yday is of 5 waves?And move from 7836 to 7893 today is of 3 waves?Not able to count it properly.
Pls read as:move from 7825 to 7906 yday is of 5 waves?
If i consider green b count at 7796, then c is unfolding in 5 waves:(i) 7796 7928(ii) 7928 7825i.(iii) 7825 7906ii.(iii) 7906-7836-7893-7842 or still unfoldingthen iii.(iii) have started or may start after making new low.this will become invalid if prices goes below 7825
Also seems, 7893 to 7842 is of 5 waves so its retracement is imp?
@ Prabhanshu Raman,7796 to 7928 was clearly a 5-wave advance.Subsequently, the fall from 7928 to 7825 was a 3 wave pattern. Hence, if 7825 or 7816 is held, prices could advance higher.This is one scenario as per EW study.There are other Bearish scenarios at work from day & Week T/f...
on 13/10 BNF low 15340 and NF low 7817 BNF now trading 15840 NF 7884BNF up 500 points and NF up 67 points why this?
Prabhu,,Nifty trading below weekly pivot also.. as sir mentioned in pre market
Respected Sir and blogmates,Namaskar.Here one important point which is to be noted is that all today's hourly close are below 21 and 34 Hrs SMA, which makes it more bearish. Sir please advice on this terminology if time permits.
One more imp point BN resisted now @ 200 Hourly 15810..
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-7898, S1-7843, S2-7791, VWAP-7885The Highest addition for the day is at 7900CE and 7800PE, so in all probably it may swing within this range, with 7897NF as pivot…Thanks & Regards
Nifty @ Hourly & daily low ema.. Come on nifty this time give us bucks
Prabhu..Now clear any pattern on chart after this fall ??
price is nearing low emas and comfortable ...thus downmove is building up however option oi is determined to keep it rangebound....
BN back from Hourly 200... Now support is 15600..Will see this break?
Sir..High volume trade & nifty fut made 7850 low .. can we get more fast fall below this level ?
PCR close to breaking below 1 and then 0.98 (for confirmation)
Last week low 7815
Bearish: 7843 7849 ... is 50%-61.8% retrace of the last fall from …… 7868 to 7818 80% is - 7858 If weakness is to return, it should be around 7843 7849 Strength gets confirmed above 7849 OR 7858
Still compare to world mkts .. nifty is joking looks like.. Only 40 points down..
New Post Done.
Brijsolution what r the different wave degrees we use here at JN?
@ kumar k,Forget the degrees.Just pay attention to 12345 & ABC starting from Month, down to week, day & Hour..Each wave has sub-waves in the one lower T/F.It is the same everywhere, not just in JN.
Looks hudhud hit markets today