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 ...
9 comments:
sir...how do we get such clean black and white charts which you post like the one above...and the data for drawing such lines? ..which software is it..in d/w form invesbulls the data but in Ami i dont get charts of suich shape...
Hi ilango,
Good Morning !!
Hi Hemanta,
Good Morning !!
Dear Ilango Sir,
What should be my SL for my Nifty position @ 5134.
Hi..Dinesh,
GM to you
Hi..Sathya murthie,
If it is long, book out as per the targets given.
SL now 5140 and raise it as Nifty moves up.
Hi..Shaq,
These are simple excel charts created by me from my own data base downloaded from IndiaBulls broking a/c every day.
Sir yes, it is long position. Will it be wise to rise the SL to 5161 when Nifty moves up.
Gm sir since last half hour NF cant cross 5160 can there is an opprtunity to short at this point.
Plz sugest.
Hi..Satyamurthie,
The high ema comes @ 5149. SO keep it below that. say 5145.
Hi..Musti,
It is closer to the selling level.If you sell here, the SL will be a huge 5210 NS.
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