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...
21 comments:
Good Morning all!
AS PER MY VIEW NIFTY FUT BELOW 5254 GOOD FOR BEAR FOR THE TGT OF 5210--5155 AND ABOVE 5294 GOOD FOR BULL FOR THE TGT OF 5344--5376
gm all
Was it correction that made nifty fall in the last hour yesterday? I hope it will go above 5300 convincingly in the next attempt.
dear blogmates and ilango sir,
good morning to all
though im a silent follower of this blog , sometimes i get internet access as well as time to post.
hi raja
its really nice to have u in this blog,
u take away all d tensions of trading
hi viren, som
so nice to have u and cont. learning things by learned ppl like u.
Gm all
GM all.
Good Morning ilango sir and other blogmates
-arpit
good morning ilongo sir and all blogmates
Good morning Ilongo sir and all blog mates
Price coming back from VAL now.
Above 5299- 5320 and 5325.
Opening is on expected lines...Did get a feel that the selling was overdone towards the close.
Watching VAL for the buyer to confirm his presence.
@RG
Broker call:- Short TISCO, sl 650, target 568 ( future)
@RG
correction Short only bellow 630
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Go long around 5275-5280NF
for a target of 5305+ ..SL 5260
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Why long?
Hourly close below Hourly low EMA..
Good morning every body.
Sir,
For clarification,
for a target of 5305+ ..SL 5260
means 5305 = NF and 5260 = NF or did you mean NS only?
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NEW POST DONE
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A correction to the correction....
This trade for "intra" only..
RESELL around 5296 - 5315
@GK
Ilango sir is taking it as an abc correction where if it does'nt break 5260(yesterday's low). Mainitaing 5260, it should move higher for the 5th wave. If breaks 5260, it will move lower for a 5-wave correction. Thats the logic.
Another low-risk entry can be around 5265-5270 for sl 5260
Rajagopal sIR,
POST ME THE VIEW OF TATAMOTORS,SESAGOA PLEASE
Good evening everybody..
Next what for tomorrow .
will nifty(s) come down to 5190 level and then will cover?
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