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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
29 comments:
@ Sasikumar Nataraj ,
There is a break-out of a prolonged trading range of 5635 to 5725(90 points).
Considering it, the first target may be 5725+90=5815.
Till we see any "Topping or exhaustion signals", let us "Follow".
Applying the Bell curve to Impulsing prices > DhiEMA
CMP will enter Day TOP zone (1 Std Dev. wrt Mean with 68% confidence) @ 5790 approx
Hints there may still be some steam left for making a Day top ....
part profit booking done at 5770
Wk S2 - 5792
Dear Shriram,
Definitely yes..cause the way Bulls are protecting 5767.60(Courtesy Nilesh Deshpande ATR)the next target is 5792 there.:)
Many stocks trading above it's DHEma.
@ s4s
Bearish ww forming in hour tf target 5670 in 1-2 days?would you see it as i m learning?
thanks
Mynac rao,
Mag tar Mmast ch mhana , ekdum ek number :-)
sorry target upto 3-4 days
seems 5740 not coming near 1.00pm
modified charts indicating dip towards 5750 near 1.45pm
lets wait and watch
again prem in nf near 40 points
since opening ns has not retraced below 13mema in 5 min charts
trading below 13mema may be first sign of weakness
NF on daily chart pierces upwardly the upper BB
bulls trying hard to capture 5800 level. 5800 PCR now at 0.59 from 0.45 in morning.
OI posted on nifty google group.
thanks.
Today's EOD Bhav copy shall be interesting..Want to know after breakout..whether DII have turned net buyer in cash or not?
Desperately waiting for breakout of 5770.
mynac saheb,
ek shanka hoti manaat. Bhav copy OI nos. @ 20:00hrs r many time v diff from NSE screen nos @ 15:30hrs , ase ka bare ?
1.00PM TT & Chart Updated.
Shriram,
3.30 nantarcha final data ghetla jat asato/asnar..tyat intra squaring off yet asate/asnar..tya mule ratrichi bhav copy hich khari ase mi manato...ulat pakshi 3.30 nantar tya O.I.madhye kay farak jhalay tya varun suddha thodafar andaj bandhata yeto ase disale/disat ahe/asate.
Classic case of ending diagonal. It may end at 5777 or 5778.
Master@ chart is not appearing
oh it appeared now...
80% 5769 passed targeting 5815 or more
On daily chart of NF, last high is 5832. CMP 5810
Tatasteel currently resisting at 100 DMA @ 404.8
Breakout above 100 DMA would result in a fast rise between 20 DMA and 100 DMA -resulting in Inv H&S breakout. 20 DMA @ 406.
Sitting tight for target higher than 5815 as retracted 80 % of previous wave 5583-5815
Mynac Bhau,
https://www.youtube.com/watch?v=67oUKLgFnLI
Thanks mynac,
pan mag, intraday OI is misleading on NSE !
how to believe ??
ns and BN trading b/w 13m and 55ema in 5 min charts
res at 13ema and supp at 55ema
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