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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
8 comments:
Ilango sir are we going long or we will decide near 3.25??
Hi..Bizagra,
There were enough suggestions to go long near 4945, 4920 in the earlier posts.
All the chart labelling has also suggested a reversal close to 4905-4945 zone.
We either buy at the supports or sell at the resistances OR it is painful to hold any positions.
Sir, i m new to yr blog, i think i m confused, i was going with buy @4945 with sl 4930 NS .I exited at SL.M i mixing intraday and positional, plz help.
Dear Ilango,
What an amazing observation. Morning I didn't imagine that it will move up when you said, it was also going down. After 4918NF it moved up non stop. Thank you. I am learning lot from you. Without technical interpretation playing in the market is like committing suicide
Hi Ilango.
Do you foresee consdiering the pace that revesal A B or C happen during October Series?
Where Do u Get Nifty Hourly Data .....
Tell Me Plezz....
I think nifty Waves Going as I told
Hi..Raj,
Thank you. TA/EW, etc are just guidelines. Ultimately our perception of the dynamic changes that are taking place in the market at all times and our adaptability to them will enable us to have some success in the market place.
Hi..Mayur,
Can you be more clear in your question. I feel we should see some reversal in Oct. series. How & when is still not clear. One of the guideline is the channels. World markets have broken the 6 month old channels and are in the retracing mode. Our channel bottom is @ 4870 for tomorrow and it keeps rising a bit.
Hi..Deepu,
Take hourly data from "NSE Website Home page". Click on the intra chart and move the cursor on the chart to get the rates at diff. times and note them down. Some broking houses have it in their online terminals..
Best regards.
ilango
Hi Ilango.
I was basically referring to the retracement after 5 UP for the downward movement. A, B & C of the EW. My question was if we will see a downtrend during Oct series and what could be the levels.
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