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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
5 comments:
Sir I am a new one on your blog.
Can U Plz make me understand how to use your levels & conservative trades.
Plz make me clear so that I can also earn some from your knowlege.
Thx my email adress musti1780@gmail.com
Hi ilango,
GM to you !!
Hi..Dinesh,
GM to you.
Hi..musti,
I will send you a mail.In the meantime you can go through the "Always start trading with these" at the top of this blog.
Sir, I am also new to your blog and I would also like to understand how to use the lvls and shall be grateful if you can guide me in using your conservative lvls. I have been trying for the last one week but without success. Pls guide my email address is ask1255@gmail.com Thks Arvindo
Dear Ilango,
During updations in the hourly values in the xls provided, observed that nifty closing was above 5EMA - at which you recommend long trades. However, stochic values were above 90% denoting overbought state at these times. Does it mean that corrections intra-day is possible ? Yes. Nifty does swing back by 10-15 points - is this to be attributed to OB state ?
Again, is it ok to trade for these 10 - 15 points on the Short side ?
Please advise.
Regards,
S Rajagopal
Post a Comment