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...
30 comments:
Tech table fully green now with no trace of red and Nifty poised to breach ND Sir's ATR Breakout point.
Looks like the green labelling of 4 around 7600 is gone now or is that still a possibility?
Looks like the green labelling of 4 around 7600 is gone now or is that still a possibility?
What is ND Sir's breakout point??
8162.45 Nifty spot is break out point and tgt 8220
@TANovice,
8163
Thnx IT4PD and Vishnu.. Breakout already breached so 8200 call could now be a jackpot
Running flat correction done till 8141 ?
support at 8120
Now below 8130 can see cool down..
If holds 8140, it is another intraday correction; upmove resumes.
61% AT 6131 FROM 8109 TO 8167
correction paused a t 50% of 8109-8167 rise 8138 level - near 8140 support indicated by Master....and upmove resumed.!
A master stroke once again from the Master... Touched around 8140 and then what an up move ...
BN another lifetime high !
But NF not movign higher ? despite NS hitting 8180 -> Sm problem ?
Nifty as well new life high.....8181.55
@Prabhanshu,
4th as a flat from 7986 done at 8139?
Sir- Any ST target for this upmove and does this invalidate the "B" labeling as well?
Raman....seems so...but b v careful with longs now....
Thanks Prabhanshu for quick reply
Is it c of B from 7986.55
Or 4 completed and 5 started
Double Top at 8180 - 8181 in Nifty and also in Banknifty ? Anyone ?
Prabhunshu - why do you think longs need to be careful?
@ Hitendra,
3rd wave may be extending, if not "b" of 4.
8180 to 7724 may be considered as "iv" wave of 3.
Current upmove could be the "v"th of 3rd wave.(If not "b" of 4)
Direction is "UP". That is the same based on both scenarios.
Month chart confirms this: (And has been labelled accordingly for a long long time.)
8180 to 7724 may be considered as "iv" wave of 3.
Current upmove could be the "v"th of 3rd wave.(If not "b" of 4)
Hitendra, cz I am considering red B scenario..
Sir so this could be 1st of "v"th of 3rd wave too ?
@ Saurabh,
It is the (iii)rd of iiird of the "v"th of 3rd wave.
Hence, only the retrace of 8055 to 8182 matters now to resolve it. "B" or "v"th of 3rd.
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