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...
5 comments:
You deserve Salute Master !!!
Master can we expect a bounce from 100 dsma?
Ilango sir,
is this correct?
Month 12345 ABC
week ((i))((ii))((iii))((iv))((v)) ((a))((b))((c))
Day (i)(ii)(iii)(iv)(v) (a)(b)(c)
hour i ii iii iv v ab
Dear Prakash,
1)From trading point of view the possibility of 20-25 points bounce in first trading half tomorrow cannot be rule out,nevertheless new low up to 7700 would be need of the hour for sustainable up-move from here,if any.
2) NF is already trading far below 100 DSMA i.e.7824.75
3) @ 2.50 PM today, when it went below that 7825,we witnessed free fall thereafter...rest is the history...just have a look @ the huge difference bet.day close & last hr.jnsar...which is very rare...So one may think over & wait for the HrJnsar to come in line with Hr.close.GN
Namaste Ilango Sir & Blogmates,
(Bearish: The Bears have taken over the index with a close below 7800 after 2 months, but need to follow-up on 7800-7900CE level, or else the Bulls may make a comeback fast, Stay cautious at lower levels..: Option Analysis for 16-10-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
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