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...
30 comments:
@ Parimal,
Recollecting past experiences of such situations should boost your confidence and reveal the falsity of such fears.
If you don't make progress with experiences, what good it is for?
@ shriram,
You mean "6047".??
Yes. It should.
Dear Master
thanks, henceforth will keep this lesson in mind!
@ Master,
yes sorry "6047" .. :-)
the prelim Classic TA Bull Flag tgts to mind are 6125 sir.
DR dada : All we can do is react to what market shows... High dikhane waale mein koun ??!! :-)
Hi Shriram
classic double top pattern in place or needs confirmation!
@ Parimal:
I guess Classic TA can help here...
below 6075-70 NS the Bull Flag / Inv HnS on 30mins will get Frozen / considered done-complete...
DHEma:6062
21 Hr sma:6063.
Any 2 30 factor today ?
Asia in deep green, so also Europe, America flat to negative so far
Whats happening to USDINR.
up almost 1% and gave breakout for probable 3rd wave.
Sun Pharma has corrected by about 50 points from top, nice opportunity!
@master,
any signs of rounding top formation in the 15 mins chart?
@parimal
sun may be responding to nifty run?
+ww forming on 2 min candles.. a small dip to 6076 on cards,
if held one can see "v" unfurl up to 1-4 line... 6100 + NS
Master,
Pls clear a doubt, RSI 14 has negitive divergens in hr chart but not in daily chart is that means any thing. Thanks in advance.
@ ITradeForProfit Daily,
Prices need to to stay below 6110 and start to make , firstly, lower high and lower low as the most crucial confirmation for rounding top.
Ding A Dong
SunPharma does hardly follow the path of Indices
Shhhhhhhhhhhh
Short covering a follow up of breakout
DR bhai : clap kab karne ka bolu, to apun tiyar hein ?
will do @ 3:15
part must be booked NF in premium
tom is trading day, operators can further squeeze shorts
jaan do, pet bhar giya
TSLed.. ek baar system clap kar diya, to phir apni nahi sunta ;-)
Info- In the last top of 6112- the 6100pe made a low of 69.50
Please note a special live trading session is been conducted by both NSE & BSE dated May 11, 2013.
Bring water bottle and snacks, no bag and school uniform
Market Timings are 11.00hrs to 13.15hrs.
@ Dinesh Rishi,
Only water bottle.....snacks will be provided through internet at your computer
Master,
Max. for Green v as per EW , works out to ??
Day closing well above DHEma 6065
We are back to Jan 2008 once more and the difference is this time there is no euphoria....it is for real..
Some days back i had put up a post but it got deleted.
Again with "Dear Ilango's permission" I submit....
Will we ever see the 2000 plus and 4000 plus levels of 2009 and 2011 ever again on the Nifty.....:):) I am tempted to say will we see the recent 5400 level low again....:):):)
This is the POWER OF LONG-TERM INVESTING.
@parimal
got it.
@Sometimesbullsometimesbear
I think we may see 3800 this year. Lets wait and see.
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