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...
27 comments:
Means all indicates the remote is in the hands of some people with liquidity driven market.
Still nifty is outperforming dow, europe, taiwan, australia, even china hongkong. Sign of ???? Boka i think.
Ankit..
In Nifty - 50 bunch IT & Bank stocks also..
If either bank or IT cool down then nifty can perform good in SAR direction
BN is very very small time frame 5 min..200 ema not broke,,
At open, prices reached Resistances: 7892-7906(High made 7893.90)
Now, prices reached supports: 7811- 7826(Low made 7811.95)..
More falls below 7811 or till kept below last fall retrace from 7841.50.
yes now BN broke 200 on 5min chart .. now next 15600
Thanks sir ..
On Tuesday, 14th Oct:
At open, prices reached Resistances: 7912-7925(High made 7928)
Then, prices reached supports: 7792- 7812(Low made 7796)..
On Monday, 13th Oct:
At open, prices reached Resistances: 7880-7895(High made 7901)
Then, prices reached supports: 7825(Low made 7825)..
Trading with "Resistances & Supports" is the best way to "Beat the Markets" time and again...
Will NS break 7800 and close below. ................
Read as:
On Monday, 13th Oct:
At open, prices reached supports: 7792- 7812(Low made 7796)..
Then, prices reached Resistances: 7880-7895(High made 7901)
On Tuesday, 14th Oct:
At open, prices reached Resistances: 7912-7925(High made 7928)
Then, prices reached supports: 7825(Low made 7825)..
Another important tool for intraday trading:
Retracement strategy.
Ilango said...
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
October 16, 2014 at 1:47 PM
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Prices reached 7842 & fallen by 50 points..
Bearish:
7818 7823 ... is 50%-61.8% retrace of the last fall from …… 7842 to 7793
80% is - 7832
If weakness is to return, it should be around 7818 7823
Strength gets confirmed above 7823 OR 7832
The sharp fall...
ok sir we all keep in mind..
Sir as we are trend follower.. now mkt oversold on daily chart but on hourly still need more candle for oversold area..
Sir can we here part book @ 7760-7770 ??
Falling wedge bottom hit
@ brijsolution,
I would prefer to trail at this juncture.
Ok sir...
RAMAN... yes bottem hit & break also
Below 7811, the next target of 7765 also reached.
now next is 7730-7700
Heading closer to 100dsma-7738..
7725 is wedge bottom in 4hrly chart, http://prntscr.com/4wnpj7
Ilango said...
The sharp fall...
October 16, 2014 at 2:55 PM
my god... what a fall one way... all passion pays today..
bulls knocked out will take time to recover
what a fall !
Thanks once again sir..
Bye to all friends,,
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