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...
11 comments:
BN just below its 80% - 16683.
set for more upside
Sir - Whats the significance of the 80% level
my s.loss for longs now in nifty 7975..
GA Sir and Friends.
Sir, fall from 8064-7986 is of 5 or 3 waves? I am seeing it in 3 waves
raman
it is in 3 waves as i see it
@ Hitendra,
Today's fall of BN from 16702 to 16608 looked a 5 wave fall which suggest the possibility of a Zigzag and zigzag corrects maximum upto 80%, approx.
Once 80% is done, they resume the fall again.
@ Prabhanshu Raman,
8064 to 7986 resembles a 3.
thank you Sir.
Does the comment to Mr.Hitendra means that BN sub wave "c" of wave 4 can start at any time
Thanks for the clarification sir.
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