Prices restricted within the "DLEma less 30" @7825 & moved higher to DHEma & reversed down & have closed above DLEma;
if manages to move above 7906, 2 Hr High, short term prices would move towards the cluster resistances of 7928, week high & 7972, last week high..
Day trend has paused with a close above DLEma..
As the chart below suggests, prices are most likely to reach the weekly channel bottom..
ST strength remains weak below Wk.pivot(7883) initially & returns above it & more above the critical MT average 50dsma(7920).
Hour chart suggests of "Contracting triangle" with prices oscillating between these two ranges while technicals getting weaker by each day..
Critical supports are 7821 & 7785.
if manages to move above 7906, 2 Hr High, short term prices would move towards the cluster resistances of 7928, week high & 7972, last week high..
Day trend has paused with a close above DLEma..
As the chart below suggests, prices are most likely to reach the weekly channel bottom..
ST strength remains weak below Wk.pivot(7883) initially & returns above it & more above the critical MT average 50dsma(7920).
Hour chart suggests of "Contracting triangle" with prices oscillating between these two ranges while technicals getting weaker by each day..
Critical supports are 7821 & 7785.
19 comments:
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
GM morning to master and all.
@Master. What is the rational between time period of each Elliott wave. Impulse wave will take longer time or correction will take longer time than previous corresponding impulse cycle time period. Please clarify.
Regards
Aru
Good Morning Master & Friends
Good Morning Master & Friends
Good Morning to Ilango Sir and Friends.
Good Morning Sir & JN Family
I cannot believe my eyes.... Dow was crazy for the whole day and look at Nifty... as if nothing happened!!
Gm Sir,, & Friends,,
Really .. From last few days Nifty testing our PASSION,,
GM Master and All!
Google finance working for anyone?
@sourav @brij seems like index management going on whats your view?
google finance not updating
@sonu... not working for me. :-(
Not much idea,,
But one thing is sure on chart that below 7800-7750.. trend will be changed..
& it will continue for at least few weeks..
So here many will be trap if break that above mention level..
& investor have to wait for at least 2015..
& if this above level hold then continue fill that 5th will be start soon as sir mentioned in chart..
Sir & Friends.. what is a view for CAIRN ..
Is it good level to buy here ?
As 275-270 good support on monthly chart.
@ Aru,
Normally corrections take longer than the impulsive moves. It is not a rule. Impatient markets would do lesser time corrections.
OI and PCR don;t indicate of a false upmove so far. Lets keep a close watch. Highest addition in 7800PEs..
http://www.niftytrader.in/nifty-live-change-in-oi/
Anyone knows of a google finance substitute?
GM Sir and Friends.
Till the time google finance start working, use yahoo finance:
https://in.finance.yahoo.com/echarts?s=%5ENSEI#symbol=%5ENSEI;range=1d
New Post Done.
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