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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
25 comments:
a small expanding triangle developing in ns 2 min charts
res at upper T/L near 5914
if this pattern works then trgt of ns may be lower T/L near 5840
A 5 wave bounce from 5868 to 5902.
A 3 wave correction to it should be unfolding & must stay above 5875 - "It stopped at "5882"
Another 5 wave bounce from "5882" to "5917"(a=c) completed the bounce.
Keep the retrace for 5868 to 5917 ready as this bounce could be just "A" of an "ABC" bounce. Retrace will give away.
@Ilango
BN is the lead indicator on both the upside and downside. Currently trading below 34hr sma, dev 5DEMA and DHEMA.....could we consider a positional short at this stage?
@Ilango
A big request...would it be possible to get the JNSAR for MRF??
@master
kindly tell me the above explanation is in 2min/5min charts? what going on in hrly chart? trying to count and learn, but need helping hand.
thanks.
Though Nifty trading above 5900,No sign of writing @ 5900 PE,and intra short covering in NF....
Master the resumption of down trend would be below 61% of last rise from 5882 to 5917 am i correct?
NF trading with discount
@anmpatel
Its in 2 min charts. chk google finance, clearly visible
Cheers
RS
Hi dear sir ,
confution on your last satement
Keep the retrace for 5868 to 5917 ready as this bounce could be just "A" of an "ABC" bounce. Retrace will give away.
regards
Alpesh
Thanks N Bye everybody...
@s4s
is expanding triangle valid still?
nf in discount in the beginning of the series !!!
--> back
Smelling a fall back to Dev. WkHi , if bulls cannot scale 5920 NS
is this C acting like ending diagonal?
After the "A" from 5868 to 5917, the "B" unfolded as a "running triangle" and "C" is on.
Above "5943", 80%, the corrective view gets negated.
@master
pl update 3 pm, if there is change in EW labels.
thanks.
Sir
it looks like a running correction.
which got over at 5914.60
and the thrust out.
if so we should be seeing 5868 before 5914.
view will be invalid below the breakout point at 5914.
master,below 5958 monthly sell on rises continues..right or you see some different picture..plz.guide what EW view is on monthly basis
Average closing around 5927-5930, doji candle, long legged
Camarilla Update: Nifty Spot
Not a perfect cam day but combined
with price action - Good Day!
Bye All....
sorry was away for the day many thanks dear raghavendraji and shrji for your help during market hours, i am highly gratefull
dear raghavendraji sent you a mail , please check when your free , many thanks
Hi
Today markets had ended in green. Calls have gained in prices which it should. But the prices of Puts were also increased rather decreasing due to upside in market. Is it an indication of weakness in market in coming days. specially big day is near and we are at major resistance levels.
Master pls share your viewpoint on this.
Others views are also welcomed.
I want to know from option expert what is reason of increase in put prices rather decrease when nifty ends form ; up 26 points.
another point there is big difference between IV's of put and call.
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