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...
30 comments:
Pl exercise your own discretion but at this fall seems to be a trap with positive price action in calls and negative price action in puts.
Lows to be maintained for this view to be correct.
How do u view this "not falling" nature, Ilango ji?
Ilango ji,
Another EW lable option can be 3.4th as an Expanded Flat..
a: 5833 5795 38
b: 5795 5845 -50 -131.6%
c: 5845 5746 99 261.8% MAX
MIN: 5784 (1.618xA)
For now, seems to gell well with present Dev.Dhi / St.MnEMA supports and OTM OI ??
ns if> 5811 mild strength and > 5820 more strength
@ The_Unprejudiced_Observer,
"not falling" nature happens when there is a "Time correction" for the averages to do the catching up.
i meant, >5820 bulls have a upper hand
@ Shriram,
Are you labeling rise from 5477 / 5500 for considering current move as 3.4 ( as mentioned above by you) ?
Dear all,
As pointed Nifty starts moving up with unique short trap at lows.
@ T_U_O
3. 5500-5845** in play is the count proposed
within 3, 3.iv as Expanded Flat, seeking 5784-5746, and then a smart move up..
Explore thus
Look like sunpharma is going to hit upper channel line again today ... Daily weekly and monthly charts are overbought ...
Ilango ji,
Shriram,
Thanks
tomorrow market close?
@ T_U_O
Nifty is set to make a Mickey out my proposal, if it ticks > 5825 :-)
In that case, can relook as 3.iv done as 5843-5792..
8 24-Apr-2013 Wednesday Mahavir Jayanti
Holiday ....
Moving towards Highs for the day....
Cheers
3.00PM TT & Chart Updated.
@ Shriram Bhau,
3rd wave chya subwaves suru aahet ki 5th chya ?
Plz explain if time permits.
Thank You!
@shriram
is it 3.v now?
sir
will wave 4 get confirmed as it break the channel trend line and come back ?
Ashwin / Nitin,
yes 3rd continues is the feeling. Lets wait for master's count now...
OI PCR has changed drastically @ 58 strike & now 59 is in sights !
Master : 4th finished @ 5791 and 5th is on..Thanking you
ydays high is yet to break so technically it is IB on NS
master : any chances to make 5872-80 ..thanking you.. that is the last gap to be filled
Bearish Engulfing convert into Doji
Till prices are stuck in "5790-5845", correction continues.
test
Sir/Shriram/Senoirs.
3rd completed at 5845.
Simple flat ABC
A completed at 5792
B completed at 5844(?)
C could go upto 5764(23% of 3rd) on expiry day.
Still learning.Pl comment.
Regards
@np ji
Dragon fly doji?
Dear All,
As it was observed previously that 5800Ce is having buying interest from strong hands, we saw huge unwinding post 2pm. This should imply largely profit booking.
Also in the last 30mins the reverse was observed what was observed at lows.
So now the highs should not be taken out to confirm that the longs from strong hands are getting out of system.
Just sharing screen based observations, should be backed by other studies for confirmation.
Regards,
@anmpatel
Good observation. Nifty seems formed a Dragon Doji but not promising one.Generally having this candle in down trending market shows strong buy zone.Secondly, the Body of the candle is not above the previous candle.So it is suspecious behavior till the confirmation on next day.Lets wat and see whats in store for us.
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