Showing posts with label RBI event. Show all posts
Showing posts with label RBI event. Show all posts

Tuesday, April 17, 2012

Nifty PreMarket View

Staying above "5214-18" Day pivot/HEma, hour TA remains up for:
"5246-60"- 50.0% & 61.8% of the last fall from 5307 to 5184.
"5282" is the 80% mark above which larger retracements & this coincides with Channel resistance.
Break below "5190-5200" would confirm a break down from the bear flag.

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....