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...
28 comments:
test mesg any problem inviewing comments??
sujata every one busy in make money --lol thats why n mesg only me free so i wrote and answer too u
Hi Sujatha, I can see your comments. Market is in a stand still, so the traders, it seems. :)
1/2 hr "silence"??? hahaha all are counting INR or itching/scratching their head?? anyway praying this time it should cross 5850 levels :) or else slight double top
thanks mishra and prashant - i back after sometime hence confused :P
GA Ilango Sir and All.
Observation. China is 3% (approx.) up
thanks sansethi - soon Please post "Nifty" India up by 4% :) :)
NF may witness heavy short covering in the olate noon seession
sir,
is fast fall set up developing
can there be a fast fall upto 5770
sir, nifty is grinding still @ 5825 levels which is coming around 38.2% fibo level from low?? means trying for a upmove?? If we take it from 5690 then it's 23.6% 5840??? no work.. doing calculation :D
@ money,
Above 5835-5840 only strength for the day.
5770-5795 is the base for any rally.
Current set up for 30 minutes or so looks weak....
Sir will buy ns above 5836 and nf above 5841 for intra
@Prashant Did not sell want to simply watch from sidelines except being positional
somehow m +vely biased unless the prices confirm it totally
Roaming around DLema
U can say contararion call or my belief that the mkt never behaves what everybody wants it to behave n the RBI may cut CRR so will it b +ve for banks I m not sure but looking at selling in banks it maybe +ve
@Anuj,
Are you holding shorts in NF? I covered morning @5820 for trading, but still it is not moving up side
sir
bn holding or not holding 11300 is in question..
if nifty drops 15-25 for a base ..bn will be 11200
Thamks for ur timely update sir God bless
are we waiting for rajagopal's 2.30 factor
@ Manu,
If a "Weekly trendline" is breached often, it forewarns of "impending danger of a big fall.
As BN has fallen already 2300 point from its high of 13301, its possible to stay sideways briefly before resuming its down move.
Sometimes the anticipated rally may not show as "so many" would be frantically wanting to exit too.
Unless you see prices closing above critical resistances/ averages, view these with suspicion.
Guys, where can I see the Open interest data of NF?
thnx sir..
i hope leaders will remain leaders..
i must read it as sideways to up briefly?
has bn completed its 5 waves up from march lows
r stil we read as corrective..
hope manojag too is here to answer?
ORB Buy?
@ Manu,
In every study, there are some "grey areas" which one need to navigate with experience or with a combination of studies..
BN looks to have completed 5 waves or "B". However, it could be labelled in such a way to look as though another one upmove possibility.
When we combined the EW with classical TA-divergences, we could spot the negative div and Bn since has fallen. Another few days would confirm "either way".
what 8l nifty bought in a single shot?
Ilango Sir,
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Morning I covered my JNSAR balance shorts @5820NF. Where can I re sell? Please suggest Sir
thnx sir..
u hav a lucky charm over bn..
it was at 8000 u told Rg it will to 10000 +..
till the time u wrote to me..d midas touch done..
i also expect it to reverse and make a new high..
then only poor nifty(27 % bank) has chances and our portfolios too:)
NEW POST DONE.
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