Tuesday, October 8, 2013

Nifty finds sellers at 5970 again & Closes below DHEma...


Prabhanshu Raman said...

Sir, Shri,Raghavendra,Piyush,
Can you please recommend some good books for EW.

shriram said...

Hi prabhanshu:
no authority, just sharing my "human opinion"

For basics --> Prechter

For Real time labeling --> Ramki FWTFF

Prabhanshu Raman said...

Thanks Shri. .. you are always helpful.

Raghavendra said...

Hello Prabhanshu,

After reading through the books , I would recommned the following.

For practical application : Please browse thru Ilango sir's everyday updates on EW charts from 2008 onwards till date. I know its time consuming - but amazing learning experience. You will realize, how as a true EW practitioner Master has remained consistent with "Wave form" being paramount in application.


Piyush Sharda said...

sir has recommended beckman. rest has been told by raghavendra and shriram

shruti gupta said...

I will keep visiting your site often. This is a great article thanks for sharing this information. Give your knowledge for all people. Because who likes to know more information. I saved some details to me. Equity tips on stock market trading

arvind Kapur said...

Illango Sir,
Do you a Diamond Pattern (trend reversal) building up with low of 5700 and high of 6150.
Does it not signify a trend reversal to the down side??

Piyush Sharda said...

sir nifty closing 5928.4 . mentioned 5926 in tt

Prabhanshu Raman said...

Thanks alot Raghvendra and Piyush

ramash said...

Ilango sir,

current month high also need to be corrected from 5950 to 5982 in eod tt

Nifty Simba said...

The premarket view of Buy on dips weighed heavily on me....wasn't prepared for the last 30 minute fall///words have a subconscious effect

kizar khan said...

Hello Master and Seniors, how to calculate retacement valuves's ...please help me seniors like sanjay and shree sir

Hemanth said...
This comment has been removed by the author.
Hemanth said...

Hi Lets Consider this situation.

Nifty moved from 5500 to 5800.

From 5800 if nifty starts to retrace downwards,
Retracement levels are 0.236,0.38,0.5,0.618,0.736,0.8
Quantum of Movement=5800-5500=300 points.

Retracement levels are:
so on...

lets say nifty moved from 6000 t0 5500

If nifty has to retrace up levels are below:

so on......

Its very simple once you have this formulae in a excel...

Post a Comment