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 ...
10 comments:
Namaste Ilango Sir & Blogmates,
Neutral: Bulls did thwart the Bears and have gained upper hand, with 5700PE now a very strong support with OI above 83.3 lacs, just what the Doctor ordered, now for the follow-up action tomorrow...: Option Analysis for 05-03-2013
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Thanks & Regards,
Sanjay Kr Jaiswal
jay mataji just follow master and try to learn from that 5th is possible. enjoy happy trading.
@ master and all friends
can anyone tell me what will be the old channel resistance (old green rising TL)?? so close at that level we can expected GREEN FIFTH and sit tight.
thanks.
@anmpatelji,
Why green fifth? I want red fifth.
Sanjay,
Wanted to say for many days, but somehow got left out.
Ur OI analysis, is top-notch, simple & very very efficient for dedicated Risk-free traders.... good show buddy !
:-)
market rising on short covering gives me no confidence of the pullback
200 dma will be tested this month and i expect a pullback towards to 5840 levels again with year end target of 5000.....second half of this year is likely to be dud....all the best and happy trading
I am just hoping that we get a new government in the form of BJP which is less shitty than Congress and is able to give new direction to the economy provided the world economy does not sink into mess (the probability of sinking is greater than recovery)
@Shriram,
Thank You,
Will Strive to do better...
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