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...
21 comments:
@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.
@Ilango Sir and Seniors,
If FII and DII are both selling then who is buying? Retail investor? If yes, then how reliable this upmove is and should we expect a new high soon?
Hi all,
tisco seems that started its uptrend...
imm resistance is at 469 and there will be falling wedge bo above 472 in daily chart.
http://prntscr.com/50vhgx
As per ew, it might be moving up as 1, 2 i, ii
@ Sonu:
FII / DIIs can be NET Cash Sellers & still Pure Price / Bhaav can be kept high artificially , by driving some 2,3 hvy wgts :-)
Bhaav + Market profile.. --> Quality of Bhaav (where the Vols. kicked in) is more important, than either Bhaav or FII/DII buy sell standalone !
IHNS can be observed in RECLTD in 60mins chart. Neckline is at 298.
Satya Vachan Shriram ji ....!
Jai ho ..!! Long time to see your bell curve maths :-)
Thanks Shriram Sir,
True but this tie it is not 2-3 hvy wgts... the advance decline ratio is also above 1.
Do you think new high is coming soon? your sense based on market and technical analysis
@ Anand: simple eyes -HNS wid Double RS on BNS... NL dekho @ 16,597 , kya lagta hein ?
thanks shriram
@Shriram
BNS is 10 years away for me... so no comments!!.:-P
Nifty respecting ND Sir's ATR Sell zone till now.
@ Sonu:
which is wot is to be estimated based on situation, so close to expiry, if Trend is not being supported by Real cash buying..
1 conjecture that emerges : is someone may be playing to depress 8000PE prem. to dead cheap levels & buy them in Bulk tomo, & then throw Bhaav 100pts down on Expiry day to mint 4-6x !
Shrew ram bhavv means?
@ kumar k : Bhaav maane apado Bhagwan ;-)
Master has marked -ve divergence on Hrly chart- trend indicator. We see similar divergences in 9Hr RSI as well (Or am I wrong with my blind eyes?)
Will they be negated if day highs are crossed and close is significantly high? Let's see.
the way OI is stacked up... expiry > 8K seems the most H-prob. statement a Data driven guy can make today ..
have a nice day everyone !
3.00PM TT & Chart Updated.
@shriram sir,
"someone" doing it looks unlikely based on OI. Lets see what happens after expiry... expiry is definitely happening above 8000
the gaps on the day chart are looking similar to last september
@ SONU:
Join the highs of 8180-60 & see where the TL RES is.. see the 81CE OI in face of this rise too..
now tell me wot wud be a H.prob RES zone?
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