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 ...
33 comments:
sir
i had a doubt
ew says 61.8 retracement important. but u always say 80% for reversal. i did not find any reference for this percentage. is it ur own observeation?.
even today when market just stopped short of 80 (5704) at 5698 .
please clarify and guide when time permits.
Kumar sir - Our sincere prayers for your father.
Julius - ஒரு மாசமா எல்லாரையும் பார்த்து அது நக்கல் பண்ணுது ஆளாளுக்கு டார்கெட்டா சொல்லறீங்க விட்டேனா பார்னு கோழி அமுக்கற மாதிரி யாரானா அந்த 30ம் நம்பரை ஒரு போடு போட்டு தள்ளுனா தேவலை hope upto this month end "this grinder will run" looks like
KUMAR SIR
Wishing your father speedy recovery
@Sujatha,
புரோக்கர் : எவ்ளோ அடிச்சாலும் தாங்குறான் இவன் ரொம்ப நல்லவேன்...
சார் ட்ரேடர் : அவ்வ்......
குறிப்பு : சிரிக்க மட்டும் தான். யாரும் கோவப்படாதிங்கோ.
Master @ booking @ 5638 or can we hold 2nd lot JNSAR??
@ deepak pinto,
Most corrections are of "Zigzag" in nature and "b" waves of zigzag will not retrace 80%.
Most parts of "triangle" too limit themselves to 80%.
However, a flat correction could retrace 100% and in an "irregular flat, more than 100%. Flat could be identified with the sub-waves of 'a", though it is a "subjective decision".
Overall, the strategy of selling @ 61.8% with a SL.80% works well.
@Kumarji
praying for your father's good recovery, if you think i can help, please feel free to call me.
Julius - 3 pnts short for my 42 no. imsai arasan '23m pulikesi nifty" :(
Bye - my shop closed
This blog is really nice and informative. We are pleased to know this blog is really helping people.
Nifty Futures | BSE India
@Prakash Sharma
yes, i am anesthesiologist, working at sterling hospital, Ahmedabad.
Wow, Dr Patel.
being a doctor and having so much in depth knowledge of markets is commendable.
regards
@SJ
i paid tuition fees before getting knowledge!!!
@SJ
forgot to add..i have not in depth knowledge, i have only simple system to follow only.....
@ anmpatel,
Doctory main paisa nahi raha jo share mkt main aa gaye?
@anmpatel
Q) What's common between anmpatel and nifty
A) Both are "hosh udane mein" expert :D
@ DKG,
Doctory and shock market trading both are same.
In doctory, doctor is always thinking about his patients and try to learn from his patient. In stock market, a trader is always thinking about his trade and try to learn from each transaction. Both are passing sleepless nights.
Dear Ilango,
Please correct me if I am wrong. one closing below the DLEMA is not enough. a follow up price action is required to confirm ANY downward momentum????
@AJ
aap to pi6e hi pad gaye yaar....
@Gauresh
in doctory we first learn then treat
in stock we first trade and then learn.....right!!!
@DKG
aisa nahi hai....i am not a big shot...
my branch is dependent branch on surgeons..so to produce some more money, i am here.
@ anmpatel,
Once started, in both learning is a continuous process. That is what i want to say. My son is also a surgeon in Sayaji, at Baroda. And I know his mental position for his patients. Always thinking about them....round the clock.
Ilango ji,
Pl clarify the earlier doubt - is this a wave C or a 3wave playing out ?
@gauresh
me also done from MS university, but i am out in 2002. is he doing residency or professor?
@ anmpatel,
he has aleady completed his residency. Now AP in Sayaji Civil.
NF shaort mein momentum hi nahin hain It always close above DLema
@ CDG,
Yes. Especially when we are viewing it as a "corrective".
@ Shriram,
Yes. That is a possibility.
I have stressed the "time factor" to be monitored for the completion of correction since "time" would adjust the technicals as it did in the last many occasions.
Master,
Entire Day passed, not a single comment from your side.
Pl guide.
regards
thanks a lot dear sir bye
@ SJkolkata,
Pre-Market View.
For the day, there are resistances in the zone of 5687 onwards till 80% @ 5704.
The supports would be in the region of 5634-37(recent lows)
Amazing Master!
Good Day
Again Closed Inside the Range.
Tomorrow RBI Meeting : NEWS :
http://tinyurl.com/8go96ew
Thank you Master and Seniors for the inputs and guidance.
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