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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
2 comments:
hi ilango ji,
conservative trade:
reversed to long @4520 kindly inform us what should be the s/l
regards
rajamani
Hi..Rajamani,
That is a one smart trade initiated by you when nifty cleared week's high. As 4490 acted as a strong resistance on 3 occasions, keep 4485 as SL and raise it higher as Nifty makes pivot points when it moves up in the coming days.
Best regards.
ilango
Post a Comment