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...
24 comments:
Sir has removed -ve div from MACD chart :-)
sir monthly trande is up..?
Ilango Sir, what is the probability of 4th wave being over at 7724 and this being the 5th wave instead of B of 4th.. kindly guide ?
a bearish WW may be developing in ns 2 min charts
may have formed pt4 now near 8145ns levels
pt 5 may form abv 8157 near 12.40pm
trgts 8140 near 1.15pm
@Prabhanshu,
How are you seeing the up-move from 7986. Does it look like a 5-wave structure with 5th currently going on from 8052.
Thanks
Nifty Futures lot size decreased from 50 to 25 per lot.
anyone tracking bpcl ,it is lagging in nifty rally
bears have gone to sleep?
Raman,
Not able to make much but seems 3rd gng on from 7986. 3rd started from 8052 and to complete 5 from 8052.
btw, 8150CE writers started covering their shorts.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8080, R2-8118, R3-8156, VWAP-8125
The 8100PE writers have made sure that Expiry will be above the level, the CE writers are on their way out, and maybe above 8150…
Thanks & Regards
Dear Ilango sir,
Request your views on faster retracement in a "B" wave scenario.
The downmove from 8161 ( Sep 19th ) took 17 days to 7724 and the upmove from 7724 to 8165 took 8 days.
The downmove from 8180 to 7724 took 26 days and if Nifty crosses 8180 in less than 26 days this would also qualify under the faster retracement.
From which month Nifty Lot size is decreased from 50 to 25
1st correction of 20 pts in the day from 8167...
lot size change nov onwards
Open-High same for this hour (8164.35)
@ Anand: Is that the black swan candle?
@ Raghavendra,
Yes..Faster retracement for the 8161 - 7724 is done.
What is more relevant is identifying the direction and trailing if possible. With complex "B" waves, trailing would become unmanageable. Mercifully, the current rise has been consistently keeping above 2 - day low and poised to make new highs..
Labeling will take a "pause" to assess the pattern.
thanx dinesh for info
+ww in 2mins chart. point 5 at 8146, 1-4 tgt line at 8165
Thank you sir.
One of the criterion's Vivek Patil considers on "start of a new leg" is the faster retracement.Wanted to check what will be the criterion to remove the "B" and consider the current upmove as "5".
Prakashbkc,
Note from zerodha on lot size changes : http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/lot-sizes-reduced-for-various-nse-fo-contracts
@ALL
2 min chart macd in neg teritory
no expiry day contest ,that was good
New Post Done.
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