sensex corrected from top of 21109 to 15135. after that we moved up from 15135 to 18524( 3389 points up move ).
from 18524 we came down to 15748 ( 2776 points )
from 15748 we are in up move.so far we have moved up to 19137 ( today's high so far - 3389 points up move )-- same as first up move of 3389 points
sub waves of moves from 15748 to 19132 are as given below.
(1) 15748 to 17631 ( up move of 1883 points )
(2) 17631 to 16598 ( dn move of 1033 points )
(3-i ) 16598 to 17973 ( up move of 1375 points )
(3-ii ) 17973 to 17251 ( dn move of 722 points )
(3-iii ) 17251 to 19137 ( up move of 1886 points )---2.61 times of (3-ii), apprx 1.33 times of (3-i)
so shd we correct now for the up move from 17251 to 19137?
let us c.
Pankaj Shah
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update on 11.10.2012
sensex has corrected from 19137 and made a low of 18581 so far today.
we may see a bounce from here.on breach of 18552 only we may see more weakness.
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update on 11.10.2012
sensex has corrected from 19137 and made a low of 18581 so far today.
we may see a bounce from here.on breach of 18552 only we may see more weakness.
cheers!.........
market bounces , sensex 18800+......
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update as on 18.10.2012
sensex bounced back from 18550 zone and shown good strength today.
now a clear range is established 18850 to 18550.break out from this range will give further direction.
if 18550 is broken watch a level of 18415 for a strong support.
market bounces , sensex 18800+......
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update as on 18.10.2012
sensex bounced back from 18550 zone and shown good strength today.
now a clear range is established 18850 to 18550.break out from this range will give further direction.
if 18550 is broken watch a level of 18415 for a strong support.
