Part Profit book at the R2 @ 5165 or Hold till 5200+.
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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
8 comments:
CAN I TAKE AGRESSIVE LONG FOR TODAY TARGET OF 5135
Channel broken i think...
Respected Sir,
In Hourly chart price closed below 5 EMA.
Regards,
Deepak
Hi..
As suggested in the morning, the spot traded "5150-5165" (High 5152) and corrected to 5099(Just about the day's pivot).
Aggressive should have booked profit and even ventured to short for a 50 points.
Channel has broken. Conservative trade stays long.Aggressive has booked out and been trading the range.
A close below 5102 will be the first weakness.
hello Ilango sir, I am a very small trader. I took pais services from many people and constantly loosing money from a long time.Then i came across yr blog through VFmdirect.Your knowledge and analysis is great.Tried to do trading according to it, sometimes i miss intraday updates like at 5005 shorts were closed and long initiated.
Sir any kind of alert possible to yr readers, i know i m asking too much as u are already giving yr great analysis to people free of cost.
Thanks for reading my request.
Dear Ilangoji
look at link. seems we r now on 5th move
http://4.bp.blogspot.com/_fJ202bMkEkU/StbvejRdlBI/AAAAAAAAAQM/aAoavDmF_zY/s1600-h/5day+chart+as+15.10.2009-794725.PNG
Pankaj
Hi..Pankaj,
Yes, it looks a good possibility and that may induce some negative divergences too.
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